Bitcoin CORE is the Correct Name? Hard Core Truth



Good Morning guys! Right this moment we’re discussing why it is in some instances appropriate to say Bitcoin Core and why in some instances it is not!

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DISCLAIMER: This is NOT monetary recommendation. This is simply my opinions. I’m not answerable for any funding selections that you just select to make.

Ivan on Tech is all about cryptocurrencies and the know-how behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We additionally cowl Bitcoin worth, altcoin worth, investing, analytics, completely different altcoins.

Ivan on Tech by Ivan Liljeqvist

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22 comments

  1. If you say protAcol one more time…

  2. Thank you for the calm, unbiased coverage of this topic.

  3. I followed your explanation, but can you please clarify: different implementations = different blockchains?

  4. been in this space for just over a year and sharing my perspective, was very open to every crypto, even bch, did as much research as i could since it's my own money . Overall have to say that most of these coins are a joke, even the idea of bch overtaking bitcoin or any other coin per say is something that I don't even entertain anymore. I only hold only one other altcoin too, you make more trading btc on leverage then alts

  5. Ivan, the original Bitcoin protocol did not include Segwit. So we need a new a name to distinguish the original Bitcoin protocol from the modern Bitcoin protocol. If you just continue to call it "Bitcoin" it can be very confusing to know whether the speaker is talking about the original protocol or the new one that includes Segwit. So for those of us for whom this is an issue, we need some way to distinguish. Some people said "Bitcoin Segwit" but that is not the name that stuck. The name that stuck is "Bitcoin Core". Perhaps that is unfortunate because it is also the name of the Implementation, but language is something that happens by consensus. No one person makes the rules. No one knows why that name is the name that stuck, for certain. Maybe it was because the Bitcoin Core developers invented Segwit. At the end of the day, I think you are wrong when you say 'it won't work'. This name has stuck. The modern protocol with Segwit is now named after the group who invented it "Bitcoin Core" for people who need to distinguish from the original protocol.

  6. Hey Ivan, there is something that doesn't make sense here: If you say that BTC is the Protocol and BitcoinCore is an implementation, then what is the bitcoin "coin" itself? isn't it a particular implementation of the BTC protocol? so what is the difference between BitcoinCore and the Bitcoin "coin" (the cryptocurrency)? (not a dev)

  7. Hi! How is your portfolio looking today? 📈 or 📉? Yours truly, Cryptopiece com

  8. Ivan what multi crypto wallet do you recommend for a smartphone?

  9. Why didn't you start by saying "and we're live guys"?

  10. Hey Ivan thanks for the videos. Don't worry too much about these trolls giving you shit bc you say "core"–correctly btw. That's old news. Smart people have moved on.

  11. It never makes sense to say bitcoin. It's either bitcoin or bitcoin core developers never just bitcoin core.

  12. There is really a reason and logic behind all these different bitcoin blabla. I learned something today. Thank you! 🙂

  13. Ivan , you can call it Bitcoin banana for all I care. for me it's Bitcoin and nothing else.

  14. The controversy stems from the fact that the “core implementation” of bitcoin uses the name “Bitcoin”, when the protocol they actualize is not really bitcoin, but is a semblance of bitcoin infected with changes that ARE NOT COMPATIBLE with what is outlined in the whitepaper. Things like segwit, blocksize caps, centralized dev groups, rbf, and the list goes on. For core the protocol itself must be renamed because it no longer follows the original protocol. This is why I believe that BCH can call their protocol bitcoin, but BTC cannot.

  15. Now it all makes sense. Thank you so much Ivan! You are a lifesaver

  16. Then the next fork will call itself Bitcoin and steal the brand name.