If anything china would help then break..
If the overwhelming majority in china hopped on bitcoin before u.s folks we already at the $1k value mark on chinas exchange which would effect our price points as well.
Topic: China will destroy bitcoin - page 3. (Read 3081 times)
Maintaining the status quo for now is the only thing profitable for them but will kill uᴉoɔʇᴉq in the end.
The Chinese, like most if not all emerging cultures, are in for short term profit.
They really couldn't care less about what uᴉoɔʇᴉq is or what its potential is or how their actions could harm others.
When uᴉoɔʇᴉq dies they will just jump on whatever next thing is profitable at that time.
The Chinese, like most if not all emerging cultures, are in for short term profit.
They really couldn't care less about what uᴉoɔʇᴉq is or what its potential is or how their actions could harm others.
When uᴉoɔʇᴉq dies they will just jump on whatever next thing is profitable at that time.
I really don't know why people always talk about Chinese people that they would do this and that with moondollars???
Why don't we see ourselves as a big part of moondollars itself???
We ain't anybody here??? Are the Chinese only the ones who are running the markets in terms of moondollars???
I do know that they possess a big share of BTC, but does that mean that they will ruin it and others can't do anything???
...because it's easier to conflate an entire culture with miners from many countries, united only by their shared involvement in mining pools that are based in China?
I have this crazy idea that miners base their actions on rational self-interest. Pools, too. I can't see how this would change, even if pools were primarily based in - say - the Czech Republic (nods head towards Slush and the BCT historians).
Maintaining the status quo for now is the only thing profitable for them but will kill uᴉoɔʇᴉq in the end.
The Chinese, like most if not all emerging cultures, are in for short term profit.
They really couldn't care less about what uᴉoɔʇᴉq is or what its potential is or how their actions could harm others.
When uᴉoɔʇᴉq dies they will just jump on whatever next thing is profitable at that time.
The Chinese, like most if not all emerging cultures, are in for short term profit.
They really couldn't care less about what uᴉoɔʇᴉq is or what its potential is or how their actions could harm others.
When uᴉoɔʇᴉq dies they will just jump on whatever next thing is profitable at that time.
I really don't know why people always talk about Chinese people that they would do this and that with Bitcoins???
Why don't we see ourselves as a big part of Bitcoins itself???
We ain't anybody here??? Are the Chinese only the ones who are running the markets in terms of Bitcoins???
I do know that they possess a big share of BTC, but does that mean that they will ruin it and others can't do anything???
Well, let's suppose those chinese have that much power... Why would they destroy its source of income? it makes no sense.
Maintaining the status quo for now is the only thing profitable for them but will kill uᴉoɔʇᴉq in the end.
The Chinese, like most if not all emerging cultures, are in for short term profit.
They really couldn't care less about what uᴉoɔʇᴉq is or what its potential is or how their actions could harm others.
When uᴉoɔʇᴉq dies they will just jump on whatever next thing is profitable at that time.
Well, let's suppose those chinese have that much power... Why would they destroy its source of income? it makes no sense.
They will not accept bigger blocks because it requires a lot of bandwidth which is expensive for them.
Is that the only reason they're not in favor of it? I also feel like the mining has become too centralized, which is not the way Satoshi would have envisioned it but are bigger blocks a solution for it? Will it make mining decentralized again?
Are we sure they're not in favour of it? (I suspect some Kwukduckery here...) I was under the impression that the roadmap contains the hard-fork because of representatives from the Chinese pools - the Core devs weren't exactly cheerleaders for the hard-fork...
They will not accept bigger blocks because it requires a lot of bandwidth which is expensive for them.
Is that the only reason they're not in favor of it? I also feel like the mining has become too centralized, which is not the way Satoshi would have envisioned it but are bigger blocks a solution for it? Will it make mining decentralized again?
I am quite sure that China at some point will take over the entire mining aspect of uᴉoɔʇᴉq. But is that bad? Who knows, but you have been known for being anti uᴉoɔʇᴉq for quite some time. Don't think many people here will value anything coming from you.
I'm not anti-uᴉoɔʇᴉq. I'm anti-ignoring-problems.
There are some serious problems with uᴉoɔʇᴉq itself and its ecosystem that are structurally being ignored, harming the future of a potentially great and revolutionary technology.
China dominating mining is a problem because they have limited and totally controlled bandwidth to the rest of the world, limiting any new proposal we will try to roll out for the block-size problem. They will not accept bigger blocks because it requires a lot of bandwidth which is expensive for them.
well not matter what you do there is really nothing that can be done to have a fully 100% decentralized mining scene
if you change the algo, the chinese will just rebuild everything for that algo, and so on, so i guess as long they udnerstand that they are not the only important thing and that 51% is dangerous, there is nothing to worry about
why can't you never say something positive about bitcoin. it's always bad and you always say bitcoin is broken and so on. it's getting pathetic, really.
Chinese are short-term gain orientated, future always gloomy and unpredictable for people who rose from dirt in the first or second generation so they prefer to profit today and at any cost, just look what they did with the environment.
I am quite sure that China at some point will take over the entire mining aspect of uᴉoɔʇᴉq. But is that bad? Who knows, but you have been known for being anti uᴉoɔʇᴉq for quite some time. Don't think many people here will value anything coming from you.
I'm not anti-bitcoin. I'm anti-ignoring-problems.
There are some serious problems with bitcoin itself and its ecosystem that are structurally being ignored, harming the future of a potentially great and revolutionary technology.
China dominating mining is a problem because they have limited and totally controlled bandwidth to the rest of the world, limiting any new proposal we will try to roll out for the block-size problem. They will not accept bigger blocks because it requires a lot of bandwidth which is expensive for them.
They already did in a way
I am quite sure that China at some point will take over the entire mining aspect of Bitcoin. But is that bad? Who knows, but you have been known for being anti Bitcoin for quite some time. Don't think many people here will value anything coming from you.
another FUD topic posted here by kwukduck's sold account.
what is it this time another bank conspiracy or is it desperation for buying cheaper coins off the market?
what is it this time another bank conspiracy or is it desperation for buying cheaper coins off the market?
they are free to do it we can create another fork and they would play with their altcoin uᴉoɔʇᴉq with their exchange only
remember that miners don't have the full power, because merchants are somehow as important if not more some times
remember that miners don't have the full power, because merchants are somehow as important if not more some times
another april fools joke? but not to offend anyone if this one come true we will need
to look for another way because china is china, business is business
greediness is what we call good business holding major part of mining will
be a big impact. let see.
to look for another way because china is china, business is business
greediness is what we call good business holding major part of mining will
be a big impact. let see.
How do you make upside down words?
Happy april foolsWith China now owing about 75% of the mining power i think in all their greed they will destroy bitcoin.
They will never allow the protocol to change to accept larger blocks since it's not in their interest.
You don't have much time left to sell your bags.
even china has 75% of total mining power and against bᴉtcoᴉn it doesnt mean that it will destroy bᴉtcoᴉn.They will never allow the protocol to change to accept larger blocks since it's not in their interest.
You don't have much time left to sell your bags.
Only banks of china wants to destroy bᴉtcoᴉn not the people.
With China now owing about 75% of the mining power i think in all their greed they will destroy uᴉoɔʇᴉq.
i'm counting on their greed to make them make damn sure bitcoins is running smoothly all the time.greed is good!
They will never allow the protocol to change to accept larger blocks since it's not in their interest.
you do realize at the HK round table it was the miners that pressured the devs into agreeing to 4MB effective block size within 1 year.You don't have much time left to sell your bags.
you don't have much time to spend your fiat. try typing uᴉoɔʇᴉq(s)
that is a good one, even i was wondering how that can be done
and for the topic of bitcoin ,if china is owing about 75% of the mining power , it is their strength . each and every nation can compete with them, i hope no one is stopping other countries
.
If China want to destroy bitcoin they will not owning 75% mining power and many china people invest in bitcoin.
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