Topic: Jihan Wu (BitMain) - the Monopoly of Crypto Currency World (Read 207 times)

This "Shepherd's Game" isn't limited to cryptocurrencies.
Sheep do not complain being herded as long as they "live", because it's the best they can do.

"Any man with a billion dollar ambition backed up by his brilliant mind can make it work, not by himself alone but by using all the available resources he can get."

Just envy him if you feel it, do not despise what he did.

• The First question was covered by my first statement.
  
• Perhaps, a competition (Another Huge ASIC Manufacturer) or more.
  Remember, this is just the beginning, somewhere in the future there could be hundreds of ASIC Manufacturers selling better varieties than the others'.

Bitcoin wasn't designed to be a $1000 worth asset, but the way we "rank" the price was too easy to manipulate and it can directly affect the whole "mining" economy.
If you can think of a workaround to this, join the development.

By changing the algo to fight ASICs Monero is already different.
By having regular forks while Bitcoin is "afraid" to make such big changes unless the pressure becomes too big, they are different.
On the political things, I don't know, but as I said, I hope so.

monero is not any different. infact by pointing fingers that X is bad. throw X to an altcoin.. is a tactic for the "main team" to gain control and have no open network of competition.

its like racism.. "OMG foreigners are taking our jobs, deport them".. end result white supremicy and no diversity.
bitcoins ethos was the no border, no control, diverse network.. but by the centralists pointing fingers that anyone anti-core must be deported.. well thats just reverse psychology to make core centralised. think about it.

bitcoin was suppose to be open to many teams. but it sems if anyone tries to defy cores roadmap, doesnt belong in bitcoin.
open your minds people. thats core being centralist

that said. if its not an asic miner... then people would be crying how AMD are the main power house of mining (yep people did scream that in 2012-2014)
yet even that is fake finger pointing..
it would only be a power house if they didnt sell asics miners publicly and instead just built up farms of their asics privately and left the public with GPU's

what i find strange is this Wu reddit propaganda has been cycling around since 2013, there have been other drama's about non participants such as craig wright. yea he is a scammer, but thats drama that belongs in a courtroom bcause he owns no bitcoin and has no influence.. so i have to laugh that when people recirculate old drama, that its just distraction techniques to avoid people talking about the real problems of bitcoin.

which is that bitcoin is becoming centralistic and making people into sheep following a roadmap. the core roadmap
you shepmight aswell just scream out "everyone get on the core highway, pay the core roadtax and dont let anyone make bitcoin have many roads to explore. just follow the map in one direction as laod out by the core road planners. because only they should decide what direction the road should go down

despite all the hate he is receiving (and well deserved hate too), i have to say he believes in bitcoin more than anybody else that is why he started this company and took the risk of making mining hardware (ASICs) for something that was just growing back when they started it. and that doesn't make them evil.
there are other big companies entering the game these days such as Nvidia for example and they are more evil than anybody else.

as for the ETH miner, they took another huge risk, i'd say even bigger than bitcoin since ETH future is foggy at best and not to mention the fact that the development has always been unpredictable with no clear future plans. for all we know they may switch to PoS in less than a week!

Rich people almost always think of us like normal people as sheep. And most of the time they're right.
For a few extra pennies many follow them. Then the whole herd follows.

But Monero is different. Or I hope so. I really hope that monero classic will not succeed and the main Monero team and community will show how good they are against this manipulator that wants more than just to get filthy rich.

Jihan Wu - co-funder of Bitmain, the man behind the Crypto Currency World!

sorry for my English, hope you can understand what I'm talking about !

Wu has become an absolute monopoly of the crypto currency world... WITH HIS ASIC MINERS,  With HIS HARD FORKS,  and with the biggest pool, media resources, exchanges controlled by him...

The game is here:

The hashrate competition of bitcoin caused by his btc miner, this forced the communities to make choice from :

1: re-design the algo and hard fork the bitcoin
2: buy his miner , make the hashrate  getting higher to the moon, and buy more miners from him!

And finally  the core team did not modify the algo,  and no hard fork to avoid the ASIC miners... this makes the miners all over the world rush to buy their Antminer...

But this can't meet his greed,,, Wu presented his own hard fork - BitcoinCash (BCH) .  BCH is a successful project with the support of his own hashrate, pools, exchanges, and media resources ...

Wu made HUGE / INCREDIBLE profits from his Antminer and BCH... BUT THIS IS NOT THE END....

===========================

Bitmain new X3 miner is ready for shipping... the same game again !

This time the team behind Monero choose to change algo and hard fork to avoid the ASIC miner,,,,
but this doesn't matter,  Wu choose to support the Monero Classic... yes, it's XMC ! check it here:  https://bitcointalksearch.org/topic/supporters-of-moneroclassic-xmc-3257275

He has mined enough XMR with his X3 miner before the public sell , and now they support the Monero Classic, so they can:

1:  keep selling their X3 miner
2:  can be the banker of XMR and XMC

===========================

NO, NOT END YET!

cos their E3 miner for ETH is ready for a new round of the money game !  maybe they will make ETH classical again  ...



Why he can play this game ？？？  who can stop him playing again???   which coin is his next target ??

Who knows ?