Most political parties exist to have control and power. And you can twist that reason in any way you like, but the fact is, people just love to rule the world.

Over the last 24 hours, I have come to a number of conclusions. But the most glaring of these conclusions, is that Blockstream are desperate.

I’ll start right at the beginning. Bitcoin was born out of the desires of a libertarian that wanted to see change in the global finance system. A change that was not governed, or centrally controlled. A change that could break down the walls of banking systems, and artificially controlled monetary systems.

Earlier today, the world's first and most popular crypto-currency Bitcoin, broke another milestone barrier. Its market cap has surpassed $20 billion US dollars. That's no small feat, given that it has almost quadrippled in value in a year.

Unless you're entrenched in the Bitcoin community, you could be forgiven for being totally oblivious to the war that has been unfolding within the digital currency's community.

DOCUMENT MODIFIED: 2016/12/20 - Note: Removed incorrect statement on the discussed, but unactioned "mining halt".

In June 2016, the head of the Commonwealth Bank had infamously stated "If we don't innovate successfully, we're toast". And he wasn't kidding. Ian Narev was fundamentally speaking of the new world economy that entails peer-to-peer business, decentralized business models, and the bitcoin blockchain. The threat is as real as Uber is to the taxi industry.