Ready for Liftoff
Andrew Lee
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The chart at the top of this article is incorrect. The “ideology” of Segregated Witness is to to facilitate Bitcoin’s use as “electronic cash” by increasing block size, enabling 2nd layer scaling (“lightning support”), and improving the user experience in other ways. Bitcoin is already functioning as “digital gold.” The ideology of Emergent Consensus and Extension Blocks is to give large mining cartels the power to manipulate block size in order to further centralize their control of bitcoin and maximize their profits (assuming they are not being funded or pressured to undermine Bitcoin for other reasons).

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