Topic: Bitcoin IS basically ALIVE - page 3. (Read 2186 times)
Why do the charts matter, from the (little) news ive seen they are fairly united?
There's no single entity with 51% of the hash rate, so there's only a problem if you're working under the assumption that mining pools must be colluding because they happen to reside within the same arbitrary borders and communists made them do it... or something like that, anyway. 
Here's the state of the network over the last 24 hours:
[snip]
I remain unconcerned.
I agree. I think most people who use Bitcoin understand the issues with centralization, so it'd be quite foolish for one of these companies to attempt to growth their mining share. People would likely protest by abandoning their services. Not saying it would kill them, they've obviously got miners of their own, but they'd get the message. Here's the state of the network over the last 24 hours:
[snip]
I remain unconcerned.
Here's the state of the network over the last 24 hours:
I remain unconcerned.
I remain unconcerned.
Yes! I wanted to post something very similar. Right u are.
PS.Team Hellspawn
Anyone else think it's possible that large mining farms will start to reinvest their earnings into making Bitcoin more widespread as mining becomes less profitable and they can't develop more efficient mining hardware fast enough? It would benefit them because coins would be worth more, so they could keep mining for a little bit longer.
There's no single entity with 51% of the hash rate, so there's only a problem if you're working under the assumption that mining pools must be colluding because they happen to reside within the same arbitrary borders and communists made them do it... or something like that, anyway.
Here's the state of the network over the last 24 hours:
I remain unconcerned.
Here's the state of the network over the last 24 hours:
I remain unconcerned.
Bitcoin is alive and will be alive as long as we have faith in it.Who holds the most mining power or has largest transactions doesn't make any much difference.We are the owner of bitcoin that we possess not China
Bitcoin is an American invention? Has this been confirmed for sure?
I guess not, but judging from Satoshi's posts I propose the view that it is an American Invention
We have a nice thread that proposes AnonyMint's view that Bitcoin IS in fact destroyed at the very moment, by Chinese mining operations.
The decentralization is destroyed because Satoshi designed it to do that failure, but the functionality/operation of the coin is not (yet) destroyed.
Please understand carefully the distinction.
Yes Bitcoin IS basically ALIVE if you are referring to the functioning of the coin. But the control of the block chain is becoming ever more centralized and controlled by a small group of mining farm owners. And with this control, they have already started to do their 51% attacks on Bitcoin in order to control the block size and drive transaction fees sky high.
But don't worry that they are raping us and will be raping us more in the future. We love when the banks rape us by getting QE from Bernanke. We love the miners to do the same thing to Bitcoin. We love to bend over and take it in our ass. That is why we are Bit(ret)ards.
Bitcoin is an American invention? Has this been confirmed for sure?
We have a nice thread that proposes AnonyMint's view that Bitcoin('s decentralization) IS in fact destroyed at the very moment, by Chinese mining operations.
I say the opposite: Chinese mining operations live off Bitcoin, which is an American invention. Bitcoin is alive and kicking as can be; network is doing amazingly well.
I say the opposite: Chinese mining operations live off Bitcoin, which is an American invention. Bitcoin is alive and kicking as can be; network is doing amazingly well.
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