Bitcoin IS basically DESTROYED - page 2.

Bit_Happy

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A Great Time to Start Something!

Quote from: RoomBot on May 25, 2017, 02:11:30 PM

Quote from: SwagGirl on May 25, 2017, 12:59:19 PM

So far China has done nothing but make the value go up. As long as they continue to do that, I don't have a problem with them mining at all.

Right on!!

They keep buying (and holding too.)

If not for their collective perseverance when the costs of mining weren't profitable, it wouldn't have thrived. They invested millions of YUAN in hardware. Maybe billions.

Right on?
China completely controlling Bitcoin is what we all dreamed of 5 to 7 years ago.

RoomBot

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Quote from: SwagGirl on May 25, 2017, 12:59:19 PM

So far China has done nothing but make the value go up. As long as they continue to do that, I don't have a problem with them mining at all.

Right on!!

They keep buying (and holding too.)

If not for their collective perseverance when the costs of mining weren't profitable, it wouldn't have thrived. They invested millions of YUAN in hardware. Maybe billions.

CryptoSi

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I think when ETH dips a bit it would be smart to load up on it, I see biggest potential for growth in ETH & DCR

SwagGirl

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GetClams.com

So far China has done nothing but make the value go up. As long as they continue to do that, I don't have a problem with them mining at all.

RoomBot

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Quote from: Gotimour on May 25, 2017, 01:45:20 AM

Quote from: RoomBot on May 21, 2017, 12:54:57 PM

BTC $2000 + Grin

I think that is because the block size will be increased soon to accommodate more transactions.

$2450

BTC Scaling consensus reached at Consensus!

edit: $2600 at OK Coin ATM Grin

Gotimour

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Quote from: RoomBot on May 21, 2017, 12:54:57 PM

BTC $2000 + Grin

I think that is because the block size will be increased soon to accommodate more transactions.

RoomBot

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BTC $2000 + Grin

reuschman

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I don't think that day by day bitcoin is getting bigger and acceptable to the people, we should not blame a single country people because they are really efficient, but bitcoin should be more strict and accountable so that corruption will come down.

jekjekman

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Quote from: CryptoFiction on May 09, 2017, 05:16:27 PM

Quote from: markj113 on May 08, 2016, 05:19:33 AM

Quote from: PinkLlama on May 08, 2016, 05:17:17 AM

Why would the fact that China is basically controlling mining do anything to Bitcoin?

The whole concept of bitcoin was based around decentralization.

If China controlls a large % of the hash power then it would only take the collaboration of a few to hit the dreaded 51% control point

This statement suggests that the Chinese are more corrupt that other nationalities. I don't believe that they are. Would you have made that statement if a large % of hash power was controlled by Americans?

It's just that most people of China is a business minded and thinking advance compare to others. For example most of the Chinese people here in our place have their own business that you can compare also in the world of Bitcoin, they sew that this had a great potential in investing their money, all I see with this is most of Chinese people just believe first in the financial and security measures of cryptos compare to other country and nationalities.

Yakamoto

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Quote from: CryptoFiction on May 09, 2017, 05:16:27 PM

Quote from: markj113 on May 08, 2016, 05:19:33 AM

Quote from: PinkLlama on May 08, 2016, 05:17:17 AM

Why would the fact that China is basically controlling mining do anything to Bitcoin?

The whole concept of bitcoin was based around decentralization.

If China controlls a large % of the hash power then it would only take the collaboration of a few to hit the dreaded 51% control point

This statement suggests that the Chinese are more corrupt that other nationalities. I don't believe that they are. Would you have made that statement if a large % of hash power was controlled by Americans?

People have made this argument in the past and it basically comes down to the Chinese being very efficient and prone to in-group interests rather than community-based interests makes it more difficult for the community to interact with miners from China due to their more-often-than-not lack of doing anything that doesn't give them more power or money. NA citizens in general or more open to doing things for the good of the community as a whole, but there are some that have the same ideals.

CryptoFiction

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Quote from: markj113 on May 08, 2016, 05:19:33 AM

Quote from: PinkLlama on May 08, 2016, 05:17:17 AM

Why would the fact that China is basically controlling mining do anything to Bitcoin?

The whole concept of bitcoin was based around decentralization.

If China controlls a large % of the hash power then it would only take the collaboration of a few to hit the dreaded 51% control point

This statement suggests that the Chinese are more corrupt that other nationalities. I don't believe that they are. Would you have made that statement if a large % of hash power was controlled by Americans?

RoomBot

legendary

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BCT EMAIL got hacked!

I got this today via email addressed to my former BCT user name which I do not use elsewhere:

Quote

See attached your BTC-e codes.

You have to use it within 4 days.

The Pass key is 2LXK9Oym. You need to type it to be able to open the document.

Regards
Simmons Dylan
Attachments

batang_bitcoin

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Quote from: johnwest on April 29, 2017, 11:13:24 PM

Quote from: batang_bitcoin on April 29, 2017, 10:56:00 PM

Quote from: Youresioure on April 29, 2017, 04:00:24 PM

It's just time for other powers to get heavier involvement. I doubt major powers such as Russia or the USA would simply let China centralize BTC. It has deeper roots in our companies than that. Maybe, they're just waiting when to send some packages to Chineese miners Lips sealed

USA joined the rally already if you know the news about them making coinbase audit all the transactions made from the past years, it is just showing that they are interested to bitcoin. And as far as I know, Russia is near to acceptance to bitcoin.

Its been nearly one year to the start of this topic till now Bitcoin is living and its been living prosperously. USA, Russia, Japan and many other strong technological countries are showing more interest in BTC and trying experiments socially. BTC will definitely live for at least 10 more years.

So you are just speculating that bitcoin will be only alive for 10 more years? Bitcoin will certainly live for so many years as long as we are here that are users of bitcoin then there's no need to worry about it. Bitcoin is stronger right now and it will going to make it's strength broad just like what you had mentioned because that will be the reason.

DooMAD

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Leave no FUD unchallenged

I'm pretty sure I plead about a dozen pages or so ago to allow this thread to fade into obscurity. I honestly don't understand the appeal of it, but clearly the fact that it keeps being revived speaks volumes to the notion that such mindless speculations are all we're capable of as a community. We could be discussing technology, ideas and other intelligent stuff, but instead we choose to languish in the doldrums of accusations, conspiracy and what basically amounts to a slightly geeky equivalent of celebrity gossip.

Way to turn Bitcoin into reality television, you utter simpletons.

lighpulsar07

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Quote from: lovesybitz on April 29, 2017, 11:25:19 PM

The title of this thread I think is misleading, How come that bitcoin is dead? the present price value was 1310$ is this what you called that Bitcoin is dead? I don't think its dead, in fact, many are getting more interest unto it to adopt the system of bitcoin.

i think you didn't get it. OP clearly stated that Bitcoin is totally destroyed because China have take over the control the bitcoin. China has the majority of the hashrate of bitcoin blockchain and they has majority of trading and transactions in blockchain. but in my own opinion, as long as they pumping the bitcoin price up and they won't affect in their issues i'm definitely okay with it.

Quantus

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2017 is going to be a blow out year for bitcoin. If SigWit is accepted by the community and adopted by the network we could see an explosion of growth.

Viyamore

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Quote from: DoublerHunter on April 30, 2017, 03:28:37 AM

This topic is just another type of fud that is trying to convince people that bitcoin is destroyed but this is 100% false because we can see that the price is keep on rising up and it will be doubled soon, yes you read it right. It will be doubled soon or in the year of 2018 so there is no chance for bitcoin to be destroyed.

Thats normal ,some will make fake news and use it to take advantage to those not actually know the truth .
Yes ,if we now the price it is not convincing that bitcoins was destroyed .These will only need you to think on your common sense
or to believe on what others said .Just like media that will make you believe .So its better to research and prove it yourself dont be
a fool to believe .

AjithBtc

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Vave.com - Crypto Casino

Quote from: Baby Dragon on April 30, 2017, 04:22:21 AM

Quote from: somacoin on May 08, 2016, 05:38:19 AM

Bitcoin is destroyed because China owns it?
Does it matter if most miners are in the USA or now China?

Agreed we know that there are so many big farm miner in china but we can't just say the china control the mining system because there are also many big company miner's in other count.

Once China has the power of bitcoin to some extent as it has got the increased users as well increased number of miners. Now scenario is different after the inspection done by the PBOC. The controllability went out of hands but still it has good support from government and people.

Baby Dragon

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OWNR - Store all crypto in one app.

Quote from: somacoin on May 08, 2016, 05:38:19 AM

Bitcoin is destroyed because China owns it?
Does it matter if most miners are in the USA or now China?

Agreed we know that there are so many big farm miner in china but we can't just say the china control the mining system because there are also many big company miner's in other count.

DoublerHunter

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This topic is just another type of fud that is trying to convince people that bitcoin is destroyed but this is 100% false because we can see that the price is keep on rising up and it will be doubled soon, yes you read it right. It will be doubled soon or in the year of 2018 so there is no chance for bitcoin to be destroyed.

Topic: Bitcoin IS basically DESTROYED - page 2. (Read 47267 times)