Topic: Eliminating China - page 2. (Read 649 times)
No one stop bitcoin because bitcoin fundamentals says no authority or country can control bitcoin if it china or any other country there will be small impact in short time then it will rise . Nobody can stop bitcoin growth .
If you're serious that's an easy one man. PoW algo change, make all their gear obsolete. Give power back to the people, back to GPU mining. There are enough out there to secure the chain.
But it may not be necessary - their own govt may shut them down.
But it may not be necessary - their own govt may shut them down.
then what is stopping them from building GPU farms and we end up the same place we are now?
and what is stopping them from changing the ASIC machines to match the new PoW algorithm to create new efficient ASICs to mine the new thing?
nothing, that's what.
the result will be a useless hard fork to disrupt things temporarily before we end up where we started after some time.
China has brought nothing but problems and great shame to Bitcoin. What more can we do to protect Bitcoin further from the ills of China and their bad behaviors? It is good that their exchanges are all now going to be shut completely. It is good that we will break up their mining monopolies which ruined decentralization as intended by Satoshi. But are are the further steps we can take to get rid of Chinese completely?
Why you think we should get China out of the market ? As more people using bitcoin the stronger it is, is all about the goverments more than the country because country means people who live in, not the goverment which might be a dictature.
China has brought nothing but problems and great shame to Bitcoin. What more can we do to protect Bitcoin further from the ills of China and their bad behaviors? It is good that their exchanges are all now going to be shut completely. It is good that we will break up their mining monopolies which ruined decentralization as intended by Satoshi. But are are the further steps we can take to get rid of Chinese completely?
I think that China did also good (the price wouldn't get to 5k so quick without China, and high price means news and awareness increase). They tried to manipulate the markets more than once, but they are not the only ones in the boat, JP Morgan is another name that just came out without thinking much. BU heavy core may be another guess.
If you're serious that's an easy one man. PoW algo change, make all their gear obsolete. Give power back to the people, back to GPU mining.
You are right and you are wrong. Why GPU? CPU mining WTG! Let's get any average Joe back to Bitcoin mining. It could be interesting.
Just this means the the cost of creating Bitcoin will become much smaller and may affect the quotations for Bitcoin. And we would be quite disappointed to see Bitcoin back to under 100$, don't we?
Me and most people just want the whole chinese FUD to end. Just release an official statement already and get it over with, for the good or the bad. Bitcoin and crypto will survive.
That is quite true. There still a little buzz going on about the CHINA FUD. Since the ban was made on ICOs Bitcoin's price had dropped hugely but then Bitcoin recovered its price very quickly. This proves that no one can control bitcoin and it will keep rising no matter how many obstacles it has to face.I don't say that the China's decision to ban ICOs was wrong because I completely support it because the decision was made so that people would not be scammed by fund raisers who raise fund and run away with all the money. The ban is temporary as they want to regulate ICOs which will provide better ICOs to rise up in future.
China has brought nothing but problems and great shame to Bitcoin. What more can we do to protect Bitcoin further from the ills of China and their bad behaviors? It is good that their exchanges are all now going to be shut completely. It is good that we will break up their mining monopolies which ruined decentralization as intended by Satoshi. But are are the further steps we can take to get rid of Chinese completely?
"China has brought nothing but problems and great shame to Bitcoin."
Are you sure about that, bud?
Because I am sure you also know China is the largest miner of Bitcoin worldwide. They have extremely cheap electricity and one Chinese guy controls a huge percent of the global hashing power.
If bitcoin is used by more and more people in more and more different countries this will dilute chinas influence and we will rely less and less on them
They have a massive oversupply of energy - it will only get worse.
If you're serious that's an easy one man. PoW algo change, make all their gear obsolete. Give power back to the people, back to GPU mining. There are enough out there to secure the chain.
But it may not be necessary - their own govt may shut them down.
If bitcoin is used by more and more people in more and more different countries this will dilute chinas influence and we will rely less and less on them
China has brought nothing but problems and great shame to Bitcoin. What more can we do to protect Bitcoin further from the ills of China and their bad behaviors? It is good that their exchanges are all now going to be shut completely. It is good that we will break up their mining monopolies which ruined decentralization as intended by Satoshi. But are are the further steps we can take to get rid of Chinese completely?
protecting bitcoin isn't enough. my suggestion is that you can pay a visit to each executives now that their government is not allowing them to travel. just do whatever you want. its up to you.
send you some btc for your expenses. i'll just be here waiting for price to once again dip. maybe the rest of us also want to do this unlike you.
China has brought nothing but problems and great shame to Bitcoin. What more can we do to protect Bitcoin further from the ills of China and their bad behaviors? It is good that their exchanges are all now going to be shut completely. It is good that we will break up their mining monopolies which ruined decentralization as intended by Satoshi. But are are the further steps we can take to get rid of Chinese completely?
Yes China might havestruckbitcoina big blow by closing its doors on them and also by doing nothing in the conflict here in the east while also subtly invading other countries terrirtories. However it is still a vital place to sell and buy. China has an economy that can blossom anytime and more investors are going to it ad they see that it has potential
Me and most people just want the whole chinese FUD to end. Just release an official statement already and get it over with, for the good or the bad. Bitcoin and crypto will survive.
Bitcoin can survive without china. we all know that.
China has brought nothing but problems and great shame to Bitcoin. What more can we do to protect Bitcoin further from the ills of China and their bad behaviors? It is good that their exchanges are all now going to be shut completely. It is good that we will break up their mining monopolies which ruined decentralization as intended by Satoshi. But are are the further steps we can take to get rid of Chinese completely?
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