You can see right on BlockStream’s website in the words of Austin Hill: “I’m excited to announce that we raised $55 million in Series A funding to further enhance our sidechain technology, expand our operations globally, and support new industry partnerships, bringing our total investments in the company to $76 million.”.
It seems BlockStream are likely guilty of racketeering.
Racketeering, often associated with organized crime, is the act of offering of a dishonest service (a “racket”) to solve a problem that wouldn’t otherwise exist without the enterprise offering the service. Racketeering as defined by the RICO Act includes a list of 35 crimes. If convicted of racketeering, a person could serve up to 20 years and be fined up to $25,000.
Blockstream plans to sell side chains to enterprises, charging a fixed monthly fee, taking transaction fees and even selling hardware — a fact that has caused the big blockers to protest that Blockstream and the engineers it employs who are also Bitcoin core developers want to keep the block size small so Blockstream can profit. Back says this isn’t true because, beyond a certain point, side chains won’t really solve scaling.) Back says the community shouldn’t remove Bitcoin’s unique features in order to scale the network. Drawing out the other side’s position to an extreme, he says, “If we’re going to get centralized into a big data center somewhere, as in the PayPal case, it’s basically guaranteed the company running it will get national security layers and black lists and all the things banks do and regulations will apply to them.”
BlockStream are also likely to be funded by In-Q-Tel and the CIA. This is why we have seen such vicious attacks against Satoshi’s Vision and common sense upgrades to Bitcoin. Oligarchs need to strangle and usurp the system to protect their money monopoly systems.