Apparently Chinese Mining Pools are sticking with Core! :) - page 4.

CIYAM

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Ian Knowles - CIYAM Lead Developer

Quote from: mercistheman on January 21, 2016, 11:08:07 AM

Sure and they have nothing to do with government sponsored cyber trade secret theft either.
Unless you can provide proof then the question is still valid. Again, why are they ok with mining but against bitcoin?

Then how about you provide proof rather than insisting that everyone else needs to do so?

You are just making vague and mostly silly claims - the Chinese government had nothing to do with this meeting or what those who were there said (you do realise this or don't you?).

Unless you can provide proof that the Chinese government owns mining companies you are just clutching at straws.

mercistheman

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Quote from: CIYAM on January 21, 2016, 11:01:06 AM

Quote from: mercistheman on January 21, 2016, 10:56:32 AM

Does anyone have proof that these minors aren't mining for their government?
Why is China anti bitcoin (merchants, spending btc etc.) yet huge mining farms are perfectly fine?

Seriously - are you that paranoid and racist?

The Chinese government has had basically nothing to do with Bitcoin apart from preventing exchanges using banks for quite a while (that ceased a few months back).

Its main concern is the movement of RMB outside of China (which every corrupt official tries to do once they get rich).

BTCC (about the biggest and best known Chinese exchange) has an American CEO. So you think he is in cahoots with the Chinese government because he "looks Chinese"?

Sure and they have nothing to do with government sponsored cyber trade secret theft either.
Unless you can provide proof then the question is still valid. Again, why are they ok with mining but against bitcoin?

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: mercistheman on January 21, 2016, 10:56:32 AM

Quote from: Amph on January 21, 2016, 10:30:49 AM

Quote from: mercistheman on January 21, 2016, 10:29:48 AM

Anyone else concerned about the potential for collusion here?

well it's all about consensus after all, if the consensus is in the majority chinese from germany, usa or any other country is not important

miners are still not the only important part of bitcoin hopefully, merchants have their importance too and they are not 60%+ chinese...

True.
Does anyone have proof that these minors aren't mining for their government?
Why is China anti bitcoin (merchants, spending btc etc.) yet huge mining farms are perfectly fine?

Because they hate western imperialist dogs and are going to get their revenge on us by taking over Bitcoin and making us all use substandard plastic products designed to fail by selling them to Walmart.

CIYAM

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Ian Knowles - CIYAM Lead Developer

Quote from: mercistheman on January 21, 2016, 10:56:32 AM

Does anyone have proof that these minors aren't mining for their government?
Why is China anti bitcoin (merchants, spending btc etc.) yet huge mining farms are perfectly fine?

Seriously - are you that paranoid and racist?

The Chinese government has had basically nothing to do with Bitcoin apart from preventing exchanges using banks for quite a while (that ceased a few months back).

Its main concern is the movement of RMB outside of China (which every corrupt official tries to do once they get rich).

BTCC (about the biggest and best known Chinese exchange) has an American CEO. So you think he is in cahoots with the Chinese government because he "looks Chinese"?

maokoto

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Not only chinese, but I think that most people are likely to stick with the thing that has even been working ok for them while it keeps working, unless they are forced to change. Some people are prone to novelty (i.e. update their OS whenever a new version comes up), but when it is a matter of money, most are likely to stay the same and not risk what they have known to work.

mercistheman

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Quote from: Amph on January 21, 2016, 10:30:49 AM

Quote from: mercistheman on January 21, 2016, 10:29:48 AM

Anyone else concerned about the potential for collusion here?

well it's all about consensus after all, if the consensus is in the majority chinese from germany, usa or any other country is not important

miners are still not the only important part of bitcoin hopefully, merchants have their importance too and they are not 60%+ chinese...

True.
Does anyone have proof that these minors aren't mining for their government?
Why is China anti bitcoin (merchants, spending btc etc.) yet huge mining farms are perfectly fine?

Snorek

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It is not surprising at all that Chinese miners would opt to go with Core. They all have 'here and now' mentality, they don't care much about bitcoin future, or growing the network adoption or consumer base.
Every solution increasing blocksize is not good for them because it will diminish theirs earnings.

CIYAM

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Ian Knowles - CIYAM Lead Developer

It was well pointed out by BitFury's CEO Bitcoin was never designed to be a PayPal (wherever that idea came from I don't know as it isn't actually what Satoshi had written in his white paper).

Bitcoin requires "confirmations" by design (which is why Satoshi never advocated using zero confirmations) and these confirmations take time.

So Bitcoin *is* a settlement network - but it is one unlike any other before (you don't need a license to use it nor expensive hardware). Let's appreciate what Bitcoin is rather than support people trying to change it into something that it isn't.

Amph

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Quote from: mercistheman on January 21, 2016, 10:29:48 AM

Anyone else concerned about the potential for collusion here?

well it's all about consensus after all, if the consensus is in the majority chinese from germany, usa or any other country is not important

miners are still not the only important part of bitcoin hopefully, merchants have their importance too and they are not 60%+ chinese...

mercistheman

sr. member

Activity: 378

Merit: 250

Anyone else concerned about the potential for collusion here?

CIYAM

legendary

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Ian Knowles - CIYAM Lead Developer

I think this is a victory for common sense and for progressing Bitcoin sensibly forward.

长命富贵

Cheesy

(a Chinese blessing for our Bitcoin baby)

Kprawn

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The Chinese obviously see the benefits of soft forks and also what things like SegWit can do for this technology. They have been supporters of Bitcoin Core long before this

visit any way, but Jeff just made sure the people with the most say {biggest hash rate} gets what they want. Any country in the world, can do what they did. If the USA or

any other nation for that matter, stopped buying Billions of dollars worth of weapons and used that to establish Bitcoin farms, they could have easily be in that position and they

would have been calling the shots. Grin

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

It's so fascinating to me that there is a small collection of leaders for a supposedly free decentralized currency flying around the world to discuss the future direction of that currency with a small concentrated group of power brokers. Hurray for decentralization!

Expenses for a trip like that would cost at least a couple thousand dollars (last time I went to Shanghai airfare alone was just over a grand). I wonder what "decentralized" consortium paid the expenses?

watashi-kokoto

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I am standing strong behind the consensus as defined by Satoshi Nakamoto.

Long live Bitcoin!

MicroGuy

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Twitter @realmicroguy

Quote from: xdrpx on January 21, 2016, 09:00:00 AM

I was expecting this news to show up. With china leading in the mining space for Bitcoins and most of them supporting to stick to Bitcoin core, there isn't much hope for Bitcoin Classic and XT.

The Chinese people are intelligent, kind, united, and freedom loving.

What many here obviously don't understand is how a people that has been repressed for centuries yearns for liberation like a drowning man seeks shore. And they aren't going to be fooled quite as easily by the "Classic" tricks of establishment rule.

Bitcoin can only survive, united at its "Core". The Chinese miners have wisely made the correct decision once again.

cbeast

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Let's talk governance, lipstick, and pigs.

China's inertia is always their undoing.

xdrpx

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I was expecting this news to show up. With china leading in the mining space for Bitcoins and most of them supporting to stick to Bitcoin core, there isn't much hope for Bitcoin Classic and XT.

defaultking

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So as a newbie that's still learning about bitcoin. Is this a good or bad thing?

lottery248

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beware of your keys.

Quote from: watashi-kokoto on January 21, 2016, 07:47:55 AM

Quote from: DimensionZ on January 21, 2016, 07:34:12 AM

What long-term consequences could this decision have for the speed of transactions when the time comes and it's nearing or surpassing the current cap?

Two words: Fee Market

fee market? either make more paper wallet to evade the transaction fees, or start to accept altcoins to support the demand. lmao.
we don't just stick with bitcoin, that's why altcoin is here to be useful.

pooya87

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as long as i remember they were not so happy about the changes and the bigger block sizes (something to do with their bandwidth) and now i think because the fact that they control more than half of the hashrate (more than 70% combined) they are going to be an strong opposing force.

Topic: Apparently Chinese Mining Pools are sticking with Core! :) - page 4. (Read 3739 times)