Topic: Bitcoin IS basically ALIVE - page 2. (Read 2183 times)

Bitcoin is an American invention ? Where's the proof for that? The name of its investor is Satoshi Nakamoto which is clearly Japanese if we start from here. Anyway who cares who invented it in the first place, I think Bitcoin is very much alive with more and more people using it, a few big merchants like Steam recently accepting it, so in the near future I think it can be very much alive as well. Bitcoin is the internet most beautiful creation so far so lets keep it this way.

Bitcoin is not american invention, nor any nation's invention either. Origin of bitcoin can't be proven so please stop with it.
And about that: 'he wrote in English so he is american for sure' - theory:  
language Satoshi was using wasn't "American English" but UK's English, that makes him an Englishman, not American, right?

Satoshi isn't American? I though he is.. and in fact he is a pervert who use to be on beaches of California and so he frowns on ladies wearing swimsuit cover-ups. Satoshi Nakamoto is "sad to see not cameltoe"

I will cite a Chinese proverb here:

Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.

The Chinese have become very proficient fishermen in the Bitcoin realm  But I know that the halving will make their profits dwindle and I can't say for sure how much less profitable their mining operations are going to be. It's true that if the times are getting hard they may try to go for the jugular to avoid imminent bankruptcy and drag Bitcoin to hell along with their demise.

You are disingenuously spreading lies and you know it.

It has been explained to you numerous times that it is not the pools that are the only point of centralization but also the mining farms. There is one cattle farmer in China who is investing in a mining farm large enough to mine 30% of all BTC that is stolen from us via printing-coins-out-of-thin-air (aka coinbase block reward) to pay miners.

Also it is entirely illogical to claim that cartels and oligarchies do not cooperate with each other, when in fact all throughout history of mankind they always do, because it is the only way they can control the pricing and reap more profit for themselves. It has already been explained to you numerous times that the Chinese mining cartel prevented the timely increase of the block size by refusing to mine on Bitcoin Classic or XT. This is because they prefer to support Blockstream's Segregated Witness which will provide much smaller and delayed block size increases, so that they can drive transaction fees sky high. Also they support Blockstream's SegWit, because it changes the Bitcoin block chain protocol in such a way (insidious soft fork versioning) as it will make it virtually impossible for anyone to stop the mining cartel from changing the protocol in the future at-will.

Thus the Chinese mining cartel is already speaking and acting as a cooperating oligarchy and they have already 51% attacked Bitcoin's protocol, when they blocked the block size increases which would have kept our transaction fees low.

This is very dangerous for our future, because it means in the future when the Chinese government says to these mining farms in China (which control more than 50% of Bitcoin's network hashrate) that they must change the protocol to require that every transaction include a signed government issued identification number or that every signed transaction must include a tax contribution to China or the world government, then the miners will have no choice but to comply because otherwise they will find their $100 millions investment in mining equipment padlocked and confiscated by the government.

What kind of delusional fantasy world do you live in DooMAD.

American invention? Are you seriously? No one knows who created Bitcoin.
I think that the Bitcoin network controls the Chinese miners, in their hands 50-70% capacity. And performance largely depends on them, but unite and pick up power, redistribute, can any other country, the group, and so on.
Leaders of different ranks, government officials, and business leaders are increasingly in favor of the Bitcoin, recognizing their future.
So we can say that Bitcoin is alive

1. Bite hand that feeds you, tear off hand.
2. Eat hand. Delicious!
3. Find hand's former owner. He ain't far.
4. For best flavor, bleed out & gut prior to refrigeration.

*Only wise not to bite if you know hand's gonna keep feeding you. Hand may not be in position to feed anyone after teh halvening

Okay I agree there isn't a single Chinese pool at the moment with the capacity and hash power to start a 51% attack on the network but what if the Chinese government decided to merge pools in order to gain control over the Bitcoin network? Even though it doesn't make sense to bite the hand the feeds you such an outcome is still possible yet unlikely to happen any time soon. Anyway I don't trust the honesty and integrity of Chinese businessmen at all.

The Chinese is no threat to Bitcoin, even though the mining is centralized in one geographical location. If they go down for some reason, Bitcoin will still operate on the remaining hash power and more people from other countries will take their place. They cannot misuse their power, because it will hurt their pockets too.

As for Satoshi being an American, I'd say "nope" The only people who believe that, might be the Americans. He is most probably from the UK. ^smile^

yes ofcourse and will remain alive for ever inashallah. i think suck kind of statement will increase the interest of the people. the people will enter the world of bitcoin and it wll continue its flight.

First of all, it would be better to not put up our own assumptions in the thread (American invention), since you already stated on your 2nd comment (I guess not) plus there was a word used by him "colour" that is an indication of being non American (he/she could be British, Canadian or any other nationality that use that type of spelling).
Some links:
https://bitcointalksearch.org/topic/m.14441255
https://en.wikipedia.org/wiki/American_and_British_English_spelling_differences#cite_ref-10

Now about Chinese people destroyed BTCitcoins decentralization, can't agree that as well since none of them own half of the hash rates until now and even though many of them often are in contact with devs, it's most likely just to have an insight of certain situations that could either go with their plans or not.

Most Commonwealth countries use British spelling... Do you mean he is from one of the countries? Australia is one of them so maybe the real Satoshi has already shown himself.

American invention!!! I have never read similar senseless affirmation in this forum, despite the multiple bullshit things usually written out there.

Well it might be, but it's a global thing now, like Coca-Cola.   I'm happy to drink a Coke with all of China and I'm happy they're so into bitcoin.  Bitcoin ain't anywhere near dead.

Are you assuming that Satoshi is American? He used British spelling, so he is probably not American.

It's not that they reside within the same arbitrary borders, it's that they literally hang out together, devs haggle with them, as a unit, before they make changes.



"Communists" simply subsidize their power, and could nationalize their mines if they so choose. Because that's what Communism means, nationalized means of production. That's the only reason it's relevant.

As long there isnt a control of 51% of the hash wont make chinese companies being in control of the bitcoin.The most coins of bitcoin has already been mined and there are some companies working at China that belongs to american investors as well others unknow investors ,the thing is bitcoin is a sucess worldwide as the interest into mining it,a lot money were invested into those .

other thread talk about" Bitcoin IS basically DESTROYED" and now create the opposite. i wish you are chinese people who really know what you talk about,i'm agree with this,but need more better proof that china is live off Bitcoin.

That's what I was just wondering about a while ago.
I think Satoshi is a Japanese nationalist that moved to America so he is an American with Japanese ties. 

WE still need btc, and the value will stay up because of that.