Post
Topic
Board Service Discussion
Re: chinese exchanges reject 20mb block size increase
by
johnyj
on 06/06/2015, 18:12:36 UTC

Quote
That works for me. It would be kind of cool if they refused to upgrade, the difficulty drops massively and westerners are able to mine again for a reasonable profit. lol


that would be truly awesome, also that would cause less selling pressure since small miners don't sell everything they mine unlike mega-farms. again another win win strategy  Cheesy   it seems the rest of the community is better off without the Chinese and their bickering   Cool

Please think it over again: If Chinese decided to work further on the original blockchain, let's call it bitcoin legacy, then what will they do with their coins on the new blockchain bitcoin XT? They will dump them all, that will be millions of coins dumped on western exchanges, sending bitcoin's value to single digits, maybe cents, thus the whole XT coin ecosystem will collapse. Similarly XT people will dump all their coins on the bitcoin legacy chain, causing their coins to become worthless, both coins dead