BitPay Removed From Nakamoto’s – Trustnodes

BitPay Removed From Nakamoto’s


In an astonishing move, Theymos, who some say is named Michael Marquardt without any evidence, has gone ahead and actually removed BitPay and their bitcoin wallet CoPay from the website created by Satoshi Nakamoto himself,

It’s not clear how this pseudo-anonymous man came to own He somehow came to own too where he is accused by some of scamming bitcoiners out of thousands of btc to revamp Nakamoto’s forum which he never did.

He also somehow became the top moderator of r/bitcoin where he has instituted a strict policy of political censorship and banning in favor of Bitcoin Core generally and Blockstream specifically.

None of these communication channels were created by him, yet somehow he gained control of all three. He somehow took ownership of bitcointalk and from Martti Malmi, otherwise known as Sirius, who was given ownership by Nakamoto.

Sirius is no longer involved with bitcoin. While r/bitcoin was given to Theymos, again somehow, in the very early days following some controversy of sorts with the then top moderator.

Although is ostensibly open source, Theymos still merged a controversial removal of BitPay because they aim to use a different client than Bitcoin Core.

BitPay asked their hundred of thousands of merchants to use the segwit2x client btc1 as we detailed yesterday. That led to some accusations of fraud, including by Theymos himself, because they did not inform their clients its not Bitcoin Core and that it may lead to a chain-split.

However, the vast majority of the bitcoin businesses and miners have agreed to run the segwit2x client with the aim of upgrading the network to around 3.7MB in capacity rather than 1.7MB.

If it is indeed the case that they do all upgrade, then that new chain would probably be known as bitcoin, with Bitcoin Core having to fork off to a minority chain by changing difficulty or proof of work.

That’s being strongly resisted as despite having a completely different vision from that of Nakamoto on  how bitcoin should operate, they still nonetheless aim to keep the bitcoin name.

That’s now being contested on two fronts. From grassroots big block supporters who have created Bitcoin Cash through a chain-split hardfork and seemingly from businesses who apparently do actually aim to go ahead with the base blocksize increase hardfork sometime in November.

There isn’t much they can do regarding Bitcoin Cash as it has its own network and developers, but they are seemingly trying to divide businesses and miners by making an example of BitPay, hoping the rest fall in line.

It’s a tactic that has been used previously with Coinbase temporarily removed from there while BitStamp was threaten with a removal too.

Of course, if they did remove all of them, then they’re actually removing themselves. So they are seemingly singling out one for special treatment as a warning to others.

Whether the same repeated tactic will continue to work remains to be seen. But the Bitcoin Core chain is clearly in a very sad state of affairs when Nakamoto’s website is used as a censorship tool.


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