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Topic: Bitcoin IS basically DESTROYED - page 30. (Read 47260 times)

full member
Activity: 151
Merit: 100
May 10, 2016, 08:03:53 AM
Bitcoin is basically destroyed now with 70% of the mining controlled by China, soon to be 98+%, and with Blockstream implementing their SegWit soft fork Trojan Horse so as Matonis admits can end up increasing the 21 million coins limit.

The entire ecosystem is headed for a clusterfuck.

I honestly believe this is the truth.  What is there to add ?

~CfA~

ecosystem is too fluid, can never say btc is destroyed ... never
full member
Activity: 210
Merit: 100
May 10, 2016, 07:44:47 AM
Why would the fact that China is basically controlling mining do anything to Bitcoin?

Exactly my point...
What would they do? turn off and screw their investments? do a big dump?

I'm pretty sure bitcoin will eventually die, like any other technology we have. They are constantly changing.... and at some point china will not be a problem.
member
Activity: 84
Merit: 10
May 10, 2016, 07:43:09 AM

Again. mining alts is not bitcoin mining. No more than coal mining is bitcoin mining.
If I mine coal or BBQ coins outside of China, this doesn't help Bitcoin decentralization one bit. I don't confirm Bitcoin transactions when I mine coal or altcoins. I do not solve Bitcoin blocks.
There really should be a "Spam Your Shit Signature Ads Here, Asshole!" section on this forum.

i don't care about mining 100% decentralization, because it was an utopia since the beginning, and the current scenario was intended by satoshi, so it's fine

I don't know how to explain this to you any simpler: Altcoin mining could be profitable, but so could coal mining. Neither altcoin mining nor coal mining have anything to do with Bitcoin mining, which is what this thread's about.

if you had the patience to read below, i explained why they are more akin, because they are basically the same thing, working only on a different chain, so no coal mine has nothing to do with bitcoin, you don't do it with the same hw

you can still mine bitcoin with cpu and gpu, the same you do with alt, it's just not profitable, which is a different thing

FFS Roll Eyes Do you understand that this thread is about Bitcoin centralization, not altcoin centralization or coal mining centralization? How does altcoin mining affect Bitcoin centralization any more than coal mining does?

Re. "can still mine bitcoin with cpu and gpu": No one does that, so moot.

i think you missed the part were i said it was intended, by satoshi so it's no longer a problem

also with altcoin mining more people can actually mine bitcoin(indirectly), this mean that the bitcoin distrubution(from mining) is still decentralized, which is what matter in the end

There is no such thing as "mining bitcoin inderectly," that's just meaningless lingo.
You mine Bitcoin or you don't.

And no, Satoshi didn't "intend" for Bitcoin to be controlled by a handful of people who get together and decide which way shit's gonna fly on a handshake. That's more made-up bullshit.

it's still bitcoin distribution, done via mining on different chain, different fork

If you still can't understand why mining altcoins is irrelevant to Bitcoin centralization, I got nothing. GG if trolling & not really stupid. Either way, enjoy being the first (and hopefully only) one on my ignore list Smiley

there is no centralization untill we come to a 51% by a single pool, if you can not udnerstand this, then there is no point continuing this discussion

good luck thinking that minign is centralized, because it is not

Nah, when one pool controls 51%, that would not be centralization. That would be a sign that the guy running the pool is an idiot. Anyone with half a brain would just start another pool, which he'll also control.
There's exactly zero evidence that this is not currently happening, or can't be exploited when the time is right.

you should bring evidence that this is happening not the opposite, the burden of proof is on who make the assumption

also he can not start another pool out of thin air, you know that a pool require a good infrastructure behind it that is not free, he can't just hope that magically, the miners will come and mine to pay the fee, for the cost of the server etc...

I tell you that "There's exactly zero evidence that this is not currently happening," and you think "the burden of proof is on who make the assumption"? What, exactly, do you want me to prove here? That I have no evidence?

Finally, a pool requires no more "infrastructure" than an ordinary server with an interweb connection. And it's not a bunch of home miners with USB sticks we're talking about here, but a few factory farms. Which the pool operator also owns/is invested in. Do you know *anything* about mining?

there is also zero evidence that is happening, which you should provide, before claiming such possibility...

he need server and a very good connection, do you think he can have that server for free? also do you think that miners will spread their miners to his pool magically? please stop the bullshit

also there is no evidence that pool operator are owning enough miners to spread enough the hash on more than one pool controlled by them

Lol, I should prove to you that "There's exactly zero evidence that this is not currently happening"? You don't believe me? Because you feel that there is evidence of this happening?

And you're telling me a server isn't free? Compared to the millions invested in mining gear to control more than 51% of bitcoin's hashrate, it might as well be. How old are you, BTW?
legendary
Activity: 3248
Merit: 1070
May 10, 2016, 07:33:29 AM

Again. mining alts is not bitcoin mining. No more than coal mining is bitcoin mining.
If I mine coal or BBQ coins outside of China, this doesn't help Bitcoin decentralization one bit. I don't confirm Bitcoin transactions when I mine coal or altcoins. I do not solve Bitcoin blocks.
There really should be a "Spam Your Shit Signature Ads Here, Asshole!" section on this forum.

i don't care about mining 100% decentralization, because it was an utopia since the beginning, and the current scenario was intended by satoshi, so it's fine

I don't know how to explain this to you any simpler: Altcoin mining could be profitable, but so could coal mining. Neither altcoin mining nor coal mining have anything to do with Bitcoin mining, which is what this thread's about.

if you had the patience to read below, i explained why they are more akin, because they are basically the same thing, working only on a different chain, so no coal mine has nothing to do with bitcoin, you don't do it with the same hw

you can still mine bitcoin with cpu and gpu, the same you do with alt, it's just not profitable, which is a different thing

FFS Roll Eyes Do you understand that this thread is about Bitcoin centralization, not altcoin centralization or coal mining centralization? How does altcoin mining affect Bitcoin centralization any more than coal mining does?

Re. "can still mine bitcoin with cpu and gpu": No one does that, so moot.

i think you missed the part were i said it was intended, by satoshi so it's no longer a problem

also with altcoin mining more people can actually mine bitcoin(indirectly), this mean that the bitcoin distrubution(from mining) is still decentralized, which is what matter in the end

There is no such thing as "mining bitcoin inderectly," that's just meaningless lingo.
You mine Bitcoin or you don't.

And no, Satoshi didn't "intend" for Bitcoin to be controlled by a handful of people who get together and decide which way shit's gonna fly on a handshake. That's more made-up bullshit.

it's still bitcoin distribution, done via mining on different chain, different fork

If you still can't understand why mining altcoins is irrelevant to Bitcoin centralization, I got nothing. GG if trolling & not really stupid. Either way, enjoy being the first (and hopefully only) one on my ignore list Smiley

there is no centralization untill we come to a 51% by a single pool, if you can not udnerstand this, then there is no point continuing this discussion

good luck thinking that minign is centralized, because it is not

Nah, when one pool controls 51%, that would not be centralization. That would be a sign that the guy running the pool is an idiot. Anyone with half a brain would just start another pool, which he'll also control.
There's exactly zero evidence that this is not currently happening, or can't be exploited when the time is right.

you should bring evidence that this is happening not the opposite, the burden of proof is on who make the assumption

also he can not start another pool out of thin air, you know that a pool require a good infrastructure behind it that is not free, he can't just hope that magically, the miners will come and mine to pay the fee, for the cost of the server etc...

I tell you that "There's exactly zero evidence that this is not currently happening," and you think "the burden of proof is on who make the assumption"? What, exactly, do you want me to prove here? That I have no evidence?

Finally, a pool requires no more "infrastructure" than an ordinary server with an interweb connection. And it's not a bunch of home miners with USB sticks we're talking about here, but a few factory farms. Which the pool operator also owns/is invested in. Do you know *anything* about mining?

there is also zero evidence that is happening, which you should provide, before claiming such possibility...

he need server and a very good connection, do you think he can have that server for free? also do you think that miners will spread their miners to his pool magically? please stop the bullshit

also there is no evidence that pool operator are owning enough miners to spread enough the hash on more than one pool controlled by them
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
May 10, 2016, 07:16:39 AM
Its Dead Again..... lol  Grin the sky is falling

Yeah it made me a bit disappointed of this fall, but still hoping that it will skyrocket again.
Let's just wait patiently I hope bitcoin will not disappoint us.
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
May 10, 2016, 07:10:15 AM
Should we be worried? Should we trade our BTC now for other coin like ETH?

Hundred times NO. Why the fact that most Bitcoins are mined now in China should be a problem? Most diamonds are mined in Central and Southern Africa and how exactly this affects the valuableness of diamonds?

If you want to use diamonds as an example then de beers basically controlled the diamond market for a long time.

They maintain an artificially high price through the restriction of supply although they recently lost control and the monopoly.

Exactly. Same thing might happen to anyone who will try to controll Bitcoin. Also when de beers was controlling almost everything in the filed of diamonds people wouldn't throw away their diamonds and they wouldn't stop buying them, right? What I'm saying is that IMO it shouldn't a big problem to Bitcoin if a corporation controlls large part of them.

Yeah its not a big problem the problem there is no one holding big bitcoin so we can call it destroy and i think it is good news for chinq holding or controlling big amount of bitcoin it meabs they adopt to much count of btc and it can be strong fundation so that bitcoin will not totally destroyed or going down,
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
May 10, 2016, 07:07:12 AM
Should we be worried? Should we trade our BTC now for other coin like ETH?

Hundred times NO. Why the fact that most Bitcoins are mined now in China should be a problem? Most diamonds are mined in Central and Southern Africa and how exactly this affects the valuableness of diamonds?

If you want to use diamonds as an example then de beers basically controlled the diamond market for a long time.

They maintain an artificially high price through the restriction of supply although they recently lost control and the monopoly.

Exactly. Same thing might happen to anyone who will try to controll Bitcoin. Also when de beers was controlling almost everything in the filed of diamonds people wouldn't throw away their diamonds and they wouldn't stop buying them, right? What I'm saying is that IMO it shouldn't a big problem to Bitcoin if a corporation controlls large part of them.
member
Activity: 84
Merit: 10
May 10, 2016, 06:54:57 AM

Again. mining alts is not bitcoin mining. No more than coal mining is bitcoin mining.
If I mine coal or BBQ coins outside of China, this doesn't help Bitcoin decentralization one bit. I don't confirm Bitcoin transactions when I mine coal or altcoins. I do not solve Bitcoin blocks.
There really should be a "Spam Your Shit Signature Ads Here, Asshole!" section on this forum.

i don't care about mining 100% decentralization, because it was an utopia since the beginning, and the current scenario was intended by satoshi, so it's fine

I don't know how to explain this to you any simpler: Altcoin mining could be profitable, but so could coal mining. Neither altcoin mining nor coal mining have anything to do with Bitcoin mining, which is what this thread's about.

if you had the patience to read below, i explained why they are more akin, because they are basically the same thing, working only on a different chain, so no coal mine has nothing to do with bitcoin, you don't do it with the same hw

you can still mine bitcoin with cpu and gpu, the same you do with alt, it's just not profitable, which is a different thing

FFS Roll Eyes Do you understand that this thread is about Bitcoin centralization, not altcoin centralization or coal mining centralization? How does altcoin mining affect Bitcoin centralization any more than coal mining does?

Re. "can still mine bitcoin with cpu and gpu": No one does that, so moot.

i think you missed the part were i said it was intended, by satoshi so it's no longer a problem

also with altcoin mining more people can actually mine bitcoin(indirectly), this mean that the bitcoin distrubution(from mining) is still decentralized, which is what matter in the end

There is no such thing as "mining bitcoin inderectly," that's just meaningless lingo.
You mine Bitcoin or you don't.

And no, Satoshi didn't "intend" for Bitcoin to be controlled by a handful of people who get together and decide which way shit's gonna fly on a handshake. That's more made-up bullshit.

it's still bitcoin distribution, done via mining on different chain, different fork

If you still can't understand why mining altcoins is irrelevant to Bitcoin centralization, I got nothing. GG if trolling & not really stupid. Either way, enjoy being the first (and hopefully only) one on my ignore list Smiley

there is no centralization untill we come to a 51% by a single pool, if you can not udnerstand this, then there is no point continuing this discussion

good luck thinking that minign is centralized, because it is not

Nah, when one pool controls 51%, that would not be centralization. That would be a sign that the guy running the pool is an idiot. Anyone with half a brain would just start another pool, which he'll also control.
There's exactly zero evidence that this is not currently happening, or can't be exploited when the time is right.

you should bring evidence that this is happening not the opposite, the burden of proof is on who make the assumption

also he can not start another pool out of thin air, you know that a pool require a good infrastructure behind it that is not free, he can't just hope that magically, the miners will come and mine to pay the fee, for the cost of the server etc...

I tell you that "There's exactly zero evidence that this is not currently happening," and you think "the burden of proof is on who make the assumption"? What, exactly, do you want me to prove here? That I have no evidence?

Finally, a pool requires no more "infrastructure" than an ordinary server with an interweb connection. And it's not a bunch of home miners with USB sticks we're talking about here, but a few factory farms. Which the pool operator also owns/is invested in. Do you know *anything* about mining?
legendary
Activity: 1066
Merit: 1050
Khazad ai-menu!
May 10, 2016, 06:49:17 AM
Incorrect. You are ignoring part of the logic as to why the fascist command economy in China is facilitating the bitCON:

The only relevance of China, is that China has the right Communist corruption to facilitate building these ASIC mining farms with much lower cost, because the electricity is likely subsidized at near 0 cost to the miner by the State. For example, the $billions spent by the taxpayers to construct the environmental disaster Three Gorges Dam (actually in China the tax is the low interest rate paid on savings accounts offered by State controlled banking which the LGUs then borrow at near 0%). The ostensible fact that China is a totalitarian/fascist command economy is relevant in the sense that it means the owners of the mining farms are necessarily beholden to the Communist Party leaders and their commands.

[...]


Huh  Replace "China" with "USA" and Three Gorges with Hoover.  Notice nothing changes, except of course your claims of "fascism" and central control ring much more true in the police state.  Fiat and fascism leave misery and environmental destruction in their wake but that is neither here nor there for this discussion. 

Quote
They blocked Bitcoin Classic and XT and appear to be deciding for the us that SegWit is the protocol hard fork that will be forced on all of us. And there is not a damn thing any of us can or will do about it. Note the Great Firewall (GFW) of China is not a valid argument to be against larger blocks, because the pool server could be located outside and only the hash of the block needs to be sent across the GFW.

"They" didn't decide anything apart from what software "they" would run, for any value of "they".


Quote
Running another wallet won't help you. Your inaction and lack of understanding means they can put the Trojan Horse in and then there is nothing more we can do about it. We are screwed. You are very much a sheep and I hope you remain a sheep for the rest of your life. I won't be able to stop the fact that the masses like you are dumber than horse shit. That is why the-powers-that-be don't care if I warn you all here. They know you readers are sheep and will always be sheep. They laugh. I am starting to laugh at you all too. I tried my best to explain to you all, and instead I get these inane replies. Sorry if my reply is ad hominem. I really prefer to not think you are dumber than horse shit. I really do. You don't afford me that opportunity. I am frustrated. I give up. I will not talk to you fools any more. Have it your way.


LOLK.  They can put a trojan horse in what exactly now?  If nobody runs their software, who cares what's in it?   

Quote
 


BitCON is also a privately issued corporate scrip issued to a few owners of mining farms. The electricity is charged to the taxpayer, not to the-powers-that-be which defacto "own" these mining farms.


Dude I have a list of every coin ever mined.  You have access to that list as well.  That's what public coin means.  What the everliving fuck?  Privately issued???!??  The public coin known as BTC runs on excess electricity as it always has.   

hero member
Activity: 1106
Merit: 521
May 10, 2016, 06:47:07 AM
Its Dead Again..... lol  Grin the sky is falling
legendary
Activity: 3248
Merit: 1070
May 10, 2016, 06:46:30 AM

Again. mining alts is not bitcoin mining. No more than coal mining is bitcoin mining.
If I mine coal or BBQ coins outside of China, this doesn't help Bitcoin decentralization one bit. I don't confirm Bitcoin transactions when I mine coal or altcoins. I do not solve Bitcoin blocks.
There really should be a "Spam Your Shit Signature Ads Here, Asshole!" section on this forum.

i don't care about mining 100% decentralization, because it was an utopia since the beginning, and the current scenario was intended by satoshi, so it's fine

I don't know how to explain this to you any simpler: Altcoin mining could be profitable, but so could coal mining. Neither altcoin mining nor coal mining have anything to do with Bitcoin mining, which is what this thread's about.

if you had the patience to read below, i explained why they are more akin, because they are basically the same thing, working only on a different chain, so no coal mine has nothing to do with bitcoin, you don't do it with the same hw

you can still mine bitcoin with cpu and gpu, the same you do with alt, it's just not profitable, which is a different thing

FFS Roll Eyes Do you understand that this thread is about Bitcoin centralization, not altcoin centralization or coal mining centralization? How does altcoin mining affect Bitcoin centralization any more than coal mining does?

Re. "can still mine bitcoin with cpu and gpu": No one does that, so moot.

i think you missed the part were i said it was intended, by satoshi so it's no longer a problem

also with altcoin mining more people can actually mine bitcoin(indirectly), this mean that the bitcoin distrubution(from mining) is still decentralized, which is what matter in the end

There is no such thing as "mining bitcoin inderectly," that's just meaningless lingo.
You mine Bitcoin or you don't.

And no, Satoshi didn't "intend" for Bitcoin to be controlled by a handful of people who get together and decide which way shit's gonna fly on a handshake. That's more made-up bullshit.

it's still bitcoin distribution, done via mining on different chain, different fork

If you still can't understand why mining altcoins is irrelevant to Bitcoin centralization, I got nothing. GG if trolling & not really stupid. Either way, enjoy being the first (and hopefully only) one on my ignore list Smiley

there is no centralization untill we come to a 51% by a single pool, if you can not udnerstand this, then there is no point continuing this discussion

good luck thinking that minign is centralized, because it is not

Nah, when one pool controls 51%, that would not be centralization. That would be a sign that the guy running the pool is an idiot. Anyone with half a brain would just start another pool, which he'll also control.
There's exactly zero evidence that this is not currently happening, or can't be exploited when the time is right.

you should bring evidence that this is happening not the opposite, the burden of proof is on who make the assumption

also he can not start another pool out of thin air, you know that a pool require a good infrastructure behind it that is not free, he can't just hope that magically, the miners will come and mine to pay the fee, for the cost of the server etc...
member
Activity: 84
Merit: 10
May 10, 2016, 06:36:28 AM

Again. mining alts is not bitcoin mining. No more than coal mining is bitcoin mining.
If I mine coal or BBQ coins outside of China, this doesn't help Bitcoin decentralization one bit. I don't confirm Bitcoin transactions when I mine coal or altcoins. I do not solve Bitcoin blocks.
There really should be a "Spam Your Shit Signature Ads Here, Asshole!" section on this forum.

i don't care about mining 100% decentralization, because it was an utopia since the beginning, and the current scenario was intended by satoshi, so it's fine

I don't know how to explain this to you any simpler: Altcoin mining could be profitable, but so could coal mining. Neither altcoin mining nor coal mining have anything to do with Bitcoin mining, which is what this thread's about.

if you had the patience to read below, i explained why they are more akin, because they are basically the same thing, working only on a different chain, so no coal mine has nothing to do with bitcoin, you don't do it with the same hw

you can still mine bitcoin with cpu and gpu, the same you do with alt, it's just not profitable, which is a different thing

FFS Roll Eyes Do you understand that this thread is about Bitcoin centralization, not altcoin centralization or coal mining centralization? How does altcoin mining affect Bitcoin centralization any more than coal mining does?

Re. "can still mine bitcoin with cpu and gpu": No one does that, so moot.

i think you missed the part were i said it was intended, by satoshi so it's no longer a problem

also with altcoin mining more people can actually mine bitcoin(indirectly), this mean that the bitcoin distrubution(from mining) is still decentralized, which is what matter in the end

There is no such thing as "mining bitcoin inderectly," that's just meaningless lingo.
You mine Bitcoin or you don't.

And no, Satoshi didn't "intend" for Bitcoin to be controlled by a handful of people who get together and decide which way shit's gonna fly on a handshake. That's more made-up bullshit.

it's still bitcoin distribution, done via mining on different chain, different fork

If you still can't understand why mining altcoins is irrelevant to Bitcoin centralization, I got nothing. GG if trolling & not really stupid. Either way, enjoy being the first (and hopefully only) one on my ignore list Smiley

there is no centralization untill we come to a 51% by a single pool, if you can not udnerstand this, then there is no point continuing this discussion

good luck thinking that minign is centralized, because it is not

Nah, when one pool controls 51%, that would not be centralization. That would be a sign that the guy running the pool is an idiot. Anyone with half a brain would just start another pool, which he'll also control.
There's exactly zero evidence that this is not currently happening, or can't be exploited when the time is right.
hero member
Activity: 714
Merit: 500
May 10, 2016, 06:04:41 AM
As long as there are trades, transactions, and other things related to BTC, there will be no destruction of BTC as we know it. Even if mining is becoming synonymous to China, there are still owners out there who are not from that side of the planet. Centralizing BTC would defeat the purpose of its creation in the first place.
legendary
Activity: 1036
Merit: 1001
/dev/null
May 10, 2016, 05:55:57 AM
Why is saying everyone that the bitcoin is going to be destroyed that's such a bullshit. Don't think
he will ever be destroyed there are always people who want's to use him. So don't say to many
bullshit.

I agree it can never happen because it is going to be world wide currency and its customer are also increasing day by day and its taking popularity its is good news for bitcoin community so how its destroyed now its.

yes yes, for sure. real question is, if you are also paid by posting non-sense crap like this post or not...tell me please:)
full member
Activity: 192
Merit: 100
May 10, 2016, 04:56:36 AM
Why is saying everyone that the bitcoin is going to be destroyed that's such a bullshit. Don't think
he will ever be destroyed there are always people who want's to use him. So don't say to many
bullshit.

I agree it can never happen because it is going to be world wide currency and its customer are also increasing day by day and its taking popularity its is good news for bitcoin community so how its destroyed now its.
sr. member
Activity: 350
Merit: 251
Shit, did I leave the stove on?
May 10, 2016, 04:55:00 AM
Can China harm the Bitcoin network if all the hashing power in the world is located there? To reach the point of centralized mining one mining pool needs to have more than half of the hashing power to launch a 51% attack on the network right? Does such a pool exist in China and why would the Chinese do that anyway if they are making so much cash off Bitcoin ?
legendary
Activity: 1036
Merit: 1001
/dev/null
May 10, 2016, 04:44:54 AM
of course, trend is to centralized stuff in IT field (this is, what cloud is) + important is price of electricity, which is really variable worldwide, but price of bitcoin is same for everyone. I mentioned it couple of times already but again: if bitcoin somehow survive next few years, majority will be done from China and once people realize it, they will stop using it and price will instantly drop.

this is not pessimistic scenario or something, just putting facts and historical experience together.
legendary
Activity: 3248
Merit: 1070
May 10, 2016, 04:40:52 AM

Again. mining alts is not bitcoin mining. No more than coal mining is bitcoin mining.
If I mine coal or BBQ coins outside of China, this doesn't help Bitcoin decentralization one bit. I don't confirm Bitcoin transactions when I mine coal or altcoins. I do not solve Bitcoin blocks.
There really should be a "Spam Your Shit Signature Ads Here, Asshole!" section on this forum.

i don't care about mining 100% decentralization, because it was an utopia since the beginning, and the current scenario was intended by satoshi, so it's fine

I don't know how to explain this to you any simpler: Altcoin mining could be profitable, but so could coal mining. Neither altcoin mining nor coal mining have anything to do with Bitcoin mining, which is what this thread's about.

if you had the patience to read below, i explained why they are more akin, because they are basically the same thing, working only on a different chain, so no coal mine has nothing to do with bitcoin, you don't do it with the same hw

you can still mine bitcoin with cpu and gpu, the same you do with alt, it's just not profitable, which is a different thing

FFS Roll Eyes Do you understand that this thread is about Bitcoin centralization, not altcoin centralization or coal mining centralization? How does altcoin mining affect Bitcoin centralization any more than coal mining does?

Re. "can still mine bitcoin with cpu and gpu": No one does that, so moot.

i think you missed the part were i said it was intended, by satoshi so it's no longer a problem

also with altcoin mining more people can actually mine bitcoin(indirectly), this mean that the bitcoin distrubution(from mining) is still decentralized, which is what matter in the end

There is no such thing as "mining bitcoin inderectly," that's just meaningless lingo.
You mine Bitcoin or you don't.

And no, Satoshi didn't "intend" for Bitcoin to be controlled by a handful of people who get together and decide which way shit's gonna fly on a handshake. That's more made-up bullshit.

it's still bitcoin distribution, done via mining on different chain, different fork

If you still can't understand why mining altcoins is irrelevant to Bitcoin centralization, I got nothing. GG if trolling & not really stupid. Either way, enjoy being the first (and hopefully only) one on my ignore list Smiley

there is no centralization until we come to a 51% by a single pool, if you can not understand this, then there is no point continuing this discussion

good luck thinking that mining is centralized, because it is not
member
Activity: 84
Merit: 10
May 10, 2016, 04:35:20 AM
How has bitcoin been destroyed? I think that bitcoin is still up and running and that there is nothing wrong with it yet.
sr. member
Activity: 275
Merit: 250
May 10, 2016, 03:03:29 AM
Why is saying everyone that the bitcoin is going to be destroyed that's such a bullshit. Don't think
he will ever be destroyed there are always people who want's to use him. So don't say to many
bullshit.
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