Topic: [Poll] Will you use Jihancoin? - page 2. (Read 1766 times)
I am not sure what will happen with bitcoin ,i am here to see the best to happen with bitcoin as i am here in this platform because some genius made these things possible and i want to see the developments in the future too,since the man behind the technology is unknown i really wish he would come forward and give some guidelines ,if Jihan comes with a better solution is there any problem follow him,i just want the best technical upgrade and that is the only thing i am waiting for.
I don't see how Jihancoin could be taken seriously by the rest of the scene.
If it was then I'd get rid of my bitcoins. I'd maybe keep a hand in with certain alts. It would be a signal of BTC's failure for me.
If it was then I'd get rid of my bitcoins. I'd maybe keep a hand in with certain alts. It would be a signal of BTC's failure for me.
JihainCoin, or any other altcoin derived from an hypothetical Bitcoin hardfork, are dead on arrival. Nobody with money worth mentioning is going to hold their wealth on the non-original blockchain. The only way a hardfork would work is if there was 100% consensus and clearly there isn't. From a technical perspective the segwit2x is the dumbest thing since the rest of takeover attempts (xt, classic, buggy unlimited and now this)
In OP's hypothetical situation, this new chain wins and is the longest. Now the question is, would you risk it all on a losing chain? Would like to see your coins on the older chain being unaccepted by merchants?
It's like asking if you'd keep being on the fork that perceived as "wrong" in both of these cases.
Anyways, this is counter productive talk. Speaking in worst case scenarios is what we don't need at the moment. But it is indeed for for thought...
I don't think that users care what chain is the longest, people (regular users, traders, investors, business operators) only look for developer group, and right now overwhelming majority of bitcoin community supports core. So everything that any other parts will create will be treated as an altcoin. Maybe there will be some very ugly "mining war" against Bitcoin, but it will survive, because support of users is what truly matters.
If JihanCoin will make me money in the long run and he can convince me that it would remain decentralized, then sure, I would use it.
As it stands right now, I am not yet convinced.
As it stands right now, I am not yet convinced.
Most people don't give a fuck about decentralization
Bitcoin is already centralized beyond any hope as any PoW coin will eventually be (provided it has any value, of course), and how much people stopped using it just because of this? They are going to stay with Bitcoin "no matter what", but they scarcely understand that this genuine Bitcoin is not a lot better than the Bitcoin wannabe Jihancoin. All they care for are either sheer profits ("buy low, sell high") or future financial power which, as some of them strongly believe, it could give them when Bitcoin becomes next American dollar
As someone who has mined since 2011 and currently still have around 200 TH/s worth of equipment I disagree than PoW mining is more centralized now than it was in 2011 or 2012. I don't know if you remember DeepBit or gighash.io, two "centralized" pools that at different points in time reached approximately 50% of the global hash rate. They are now history. JihanPool is not immune from that
I heard about ghash.io and its alleged grabbing of more than 50% of Bitcoin hash power
Right now we see about half a dozen major pools that have over 50% of the global hash rate (Antpool being the biggest at that with almost 20% of hash rate). We don't know if these are real pools or in fact huge mining farms with some random miners joining them. We don't know how really independent they are and whether they are not controlled by the same group of people. But this is irrelevant since just 5-6 pools controlling over 50% of hash rate cannot possibly be considered as proper decentralization by any metric. What we see is properly called an oligopoly or cartel, in this case, mining cartel
If JihanCoin will make me money in the long run and he can convince me that it would remain decentralized, then sure, I would use it.
As it stands right now, I am not yet convinced.
As it stands right now, I am not yet convinced.
Most people don't give a fuck about decentralization
Bitcoin is already centralized beyond any hope as any PoW coin will eventually be (provided it has any value, of course), and how much people stopped using it just because of this? They are going to stay with Bitcoin "no matter what", but they scarcely understand that this genuine Bitcoin is not a lot better than the Bitcoin wannabe Jihancoin. All they care for are either sheer profits ("buy low, sell high") or future financial power which, as some of them strongly believe, it could give them when Bitcoin becomes next American dollar
As someone who has mined since 2011 and currently still have around 200 TH/s worth of equipment I disagree than PoW mining is more centralized now than it was in 2011 or 2012. I don't know if you remember DeepBit or gighash.io, two "centralized" pools that at different points in time reached approximately 50% of the global hash rate. They are now history. JihanPool is not immune from that.
Nope, I will not use it, I'm not interested. I don't see that much potential and that it could become something serious. Generaly, I'm not much interested in altcoins, they are good for trading but otherwise they don't have much use in real life. And now are already too much altcoins at the market, all hoping they will be like Bitcoin one day.
If JihanCoin will make me money in the long run and he can convince me that it would remain decentralized, then sure, I would use it.
As it stands right now, I am not yet convinced.
As it stands right now, I am not yet convinced.
Most people don't give a fuck about decentralization
Bitcoin is already centralized beyond any hope as any PoW coin will eventually be (provided it has any value, of course), and how much people stopped using it just because of this? They are going to stay with Bitcoin "no matter what", but they scarcely understand that this genuine Bitcoin is not a lot better than the Bitcoin wannabe Jihancoin. All they care for are either sheer profits ("buy low, sell high") or future financial power which, as some of them strongly believe, it could give them when Bitcoin becomes next American dollar
I voted to get OUT of cryptos. If Jihan coin causes any issues, then I will just bail, and won't come back until I see some adults running a good crypto.
These guys looking to (or even hinting at) forking BTC deserve a spanking (or kick in the ass). Just IMO as a guy with "skin in the game" but otherwise do not know enough programming to really KNOW anything. OK, but we are Legion.
If JihanCoin will make me money in the long run and he can convince me that it would remain decentralized, then sure, I would use it.
As it stands right now, I am not yet convinced.
As it stands right now, I am not yet convinced.
Most people don't give a fuck about decentralization
Bitcoin is already centralized beyond any hope as any PoW coin will eventually be (provided it has any value, of course), and how many people stopped using it just because of this? They are going to stay with Bitcoin "no matter what" (as the poll suggests), but they scarcely understand that this genuine Bitcoin is not a lot better than the Bitcoin wannabe Jihancoin. All they care for are either sheer profits ("buy low, sell high") or future financial power which, as some of them strongly believe, Bitcoin would give them when it becomes the next American dollar
If JihanCoin will make me money in the long run and he can convince me that it would remain decentralized, then sure, I would use it.
As it stands right now, I am not yet convinced.
As it stands right now, I am not yet convinced.
I thought jihan had 15% of the total hashrate, and even if other miners followed the lead, the chain split could lead to big financial losses, especially for holders.
If rationality takes place, I don't think they would go that far, since it would lead to loss of confidence.
If rationality takes place, I don't think they would go that far, since it would lead to loss of confidence.
Any coin with Jihan in control are doomed to failure. This guy has shown that a little bit of power {hashing power} will go to his head
This is only one part of the equation
Or the other side of Bitcoin if you please. If it were only about Jihancoin to fall through and crack the bell, no one could care less (and I wouldn't start this topic). The main issue is that he might lose his mind completely (he likely already lost it anyway), and drug Bitcoin down with his "project". It should be obvious that if he sees that no one is going to use his coin, he will turn his rage against real Bitcoin. That will be a disaster
I am going to hold both Jihancoin and Bitcoin. I am ideologically opposed to Jihancoin, but the chances are that there is going to be a huge pump with that coin during the second half of 2017. In the long-term, I am not sure whether it will survive (the chances are that Bitcoin will win the war), but in the short-term and medium-term, Jihancoin has the potential to give good profits.
I don't think miners have that much control over the code. Devs can propose a POW change at worst. And you follow the brains no matter what
I will go where the money takes me. Going after profits is the same thing as following the wishes of the community. The more people invest the higher the price of a given instrument. The only way to loose money is to miscalculate the wishes of the community and invest in a bad cryptocurrency.
I don't care for drama. The community will choose the best option, the rest doesn't matter.
I don't care for drama. The community will choose the best option, the rest doesn't matter.
Jihan is supporting Segwit? So ''his'' coin would have segwit? And other blockchain wouldn't have it?
Wouldn't he destroy himself too if he would control more then 51% of hashpower? Defenitely it wouldn't work on a long term.
We have tons of other cryptos, which we would choose over ''centralized'' currency.
Wouldn't he destroy himself too if he would control more then 51% of hashpower? Defenitely it wouldn't work on a long term.
We have tons of other cryptos, which we would choose over ''centralized'' currency.
No of course I would not use his chain. I would dump my stash of Jihancoins and that's it.
If he could destroy or harm legitimate Bitcoin that much so it wouldn't have any serious amount of users and monetary value anymore I would probably leave the crypto space as it would be a failed experimnet imo. "Decentralized Blockchains with governance models", premined, mutability etc. will not give us any freedom and sovereignty we were hoping for to get with Bitcoin.
If he could destroy or harm legitimate Bitcoin that much so it wouldn't have any serious amount of users and monetary value anymore I would probably leave the crypto space as it would be a failed experimnet imo. "Decentralized Blockchains with governance models", premined, mutability etc. will not give us any freedom and sovereignty we were hoping for to get with Bitcoin.
Anyways, this is counter productive talk. Speaking in worst case scenarios is what we don't need at the moment. But it is indeed for for thought
And what do we need then?
Keep silence and hope that Jihan somehow forgets about his threats? What is it, a sort of Stockholm Syndrome? If you want to say that such talks could provoke panic, then what's the deal? If this is bullshit, then a panic will turn out to be a good opportunity to buy coins cheap. If such talks have some substance after all (read Jihancoin is already in the plans), then selling bitcoins right now will later prove to be the wisest decision possible, given the circumstances. So what is your point really?
Any coin with Jihan in control are doomed to failure. This guy has shown that a little bit of power {hashing power} will go to his head. He gets power
drunk and then force his will down on other people. {Benevolent dictator style} As a matter of fact, any coin with a centralized authority are doomed to
fail. { Centralized authority can be targeted, corrupted and influenced by governments. }
drunk and then force his will down on other people. {Benevolent dictator style} As a matter of fact, any coin with a centralized authority are doomed to
fail. { Centralized authority can be targeted, corrupted and influenced by governments. }
Which version of Bitcoin will be accepted as a payment method by merchants and businesses though? I don't think this will be the JihanCoin but I might be wrong. Bitcoin is on the brink of exiting the speculation phase and entering the opportunity to become a 'real' currency. If JihanCoin version is not warmly accepted it will just fizzle out and die very fast. I don't think Jihan can pose any real threat to anyone to be honest. Let's just wait and see 
"Most people" are irrelevant. The only people with real skin in the game are the original cryptopunk whales whose are holding millions worth of BTC, not USD, no other fiat, and no altcoin, but BTC. All these companies are irrelevant because they aren't even holding BTC, they always convert to USD.
The big cryptopunk whales will crush Jihan Wu's delusions of grandeur soon.
The big cryptopunk whales will crush Jihan Wu's delusions of grandeur soon.
What are you smoking?
The only "cryptopunk" out there who didn't spend his bitcoins is likely Satoshi himself. Apart from that, how do you know that Jihan and his minions are not the ones actually holding millions of bitcoins? After all, it were them who have been mining coins all these years. I see the price sticking to the 2,500 dollar mark like glued while people are leaving Bitcoin en masse (the reasons for thinking so I explained elsewhere). It may well be the same dudes who prop up the prices buying all these bitcoins running for fiat. They don't cause panic buys, they just buy enough to keep the illusion of stable prices until the time comes and they render the final blow
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