this post was submitted on 16 Oct 2024
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Hijacking Bitcoin is an eye-opening book by one of the most prominent Bitcoin entrepreneurs and evangelists, Roger Ver.

Roger gave me permission to use excerpts from the book, and while I originally planned to create a shorter version, the content of the book is so well-structured that as I worked, I kept adding more.

Roger Ver presents a compelling case for how Bitcoin was captured, with its original vision distorted and its disruptive potential diminished.

Hijacking Bitcoin is undoubtetly a valuable read for anyone interested in cryptocurrencies and the underlying technology.

You can find Roger Ver's book on: www.hijackingbitcoin.com/

Petition (important): https://www.change.org/p/roger-ver-a-cryptocurrency-pioneer-deserving-justice-and-freedom

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[–] [email protected] 2 points 3 weeks ago

Sounds like you are trying to obfuscate and rationalize the hijacking of bitcoin.

Facts: 1MB limit on blocks was put in to prevent spam early on with a clear plan to raise it as the network grew, then the project was infused with shady corporate money and they changed the story that 1MB blocks are essential for decentralization which coincidentally provided blockstream (the corporate entity) with a revenue model.

It was a deliberate attempt to cripple bitcoin so it could not compete with the banking system for payments.