After 4,400% Surge, Bitcoin’s Fate Hinges on Huge Chinese Miners

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: Lauda on July 07, 2016, 08:22:49 AM

A handful of businesses can not and do not control the network.

lol.. come on.. think about your admiration of blockstream.. you know you love that they have veto power.
dont even pretend that blockstream is as powerless as other implementations. especially after months of you advocating that blockstream is the powerhouse and other implementations are nothing..

if you really believed that bitcoin had no controllers.. then BU, XT, Classic, bitcoinJ, bitcoinRuby. would all be on the same level as blockstream..

but your post history alone shows that you love blockstream dominance. you love blockstream controversy creation. veto power etc etc

Lauda

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Merit: 2970

Terminated.

Quote from: Cybertron00 on July 07, 2016, 07:26:22 AM

Bitcoin's fate lies on huge chinese miners because they are the largest mining group among the world and if they will back out, I think bitcoin's confirmation time will be so slow taking a day or two.

No. You clearly do not know what you're talking about and such a event is highly unlikely. It would be a very irrational step backwards to back-out now.

Quote from: mayax on July 07, 2016, 07:42:47 AM

as i previous said in a post : hard fork is about to come... there is no other way if BTC wants to exist. The miners are not stupid. They know they have the whole power and also they have the exchangers' support (the gang formed by 5-6 exchangers who make the BTC price) .

Bullshit as always. This clearly displays that you don't know how Bitcoin works. If it did worked like in the model that you displayed, we could no longer claim that it was resistant nor decentralized. A handful of businesses can not and do not control the network.

Quote from: mayax on July 07, 2016, 07:42:47 AM

so, don't ask IF, ask WHEN the hard fork will happen(should be this year).

Destructive behavior should be cherished, right? Roll Eyes

criptix

legendary

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I think it is the first time OP didnt post something related to the illuminati... am i right o.o

mayax

legendary

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as i previous said in a post : hard fork is about to come... there is no other way if BTC wants to exist. The miners are not stupid. They know they have the whole power and also they have the exchangers' support (the gang formed by 5-6 exchangers who make the BTC price) .

so, don't ask IF, ask WHEN the hard fork will happen(should be this year).

Cybertron00

full member

Activity: 126

Merit: 100

Well I agree with you man. Bitcoin's fate lies on huge chinese miners because they are the largest mining group among the world and if they will back out, I think bitcoin's confirmation time will be so slow taking a day or two. If that happens many will sell their bitcoin and get out of it.

ijphlrnxewho

legendary

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Merit: 1000

After 4,400% Surge, Bitcoin’s Fate Hinges on Huge Chinese Miners
http://www.bloomberg.com/news/articles/2016-07-06/after-4-400-surge-bitcoin-s-fate-hinges-on-huge-chinese-miners

Topic: After 4,400% Surge, Bitcoin’s Fate Hinges on Huge Chinese Miners (Read 462 times)