Post
Topic
Board Bitcoin Discussion
Re: Hearn's "Faith in Humanity Shaken" after People Awaken to His EVIL Plan!
by
jbreher
on 17/01/2016, 05:15:30 UTC
Your claim that he thought coinbase and bitpay constituted enough hash power to trigger the XT fork is laughable on its face.

You should reread my post more carefully. I never said that.

What's this then?

Quote
Mike thought all he needed was banker-owned Coinbase (and perhaps Bitpay) to support his "bitcoin frankenstein" and the fork would proceed.



~~

What you don't seem to grasp is how he was going to bypass hashpower with checkpoints. You really need to get up-to-speed with what he's saying in this clip. I think you might be the only user here that doesn't understand what Mike had planned?

Here, try this one more time: >> https://www.youtube.com/watch?v=DB9goUDBAR0

~~

Bait & switch much? Try what one more time? He's laying out a scenario where two different communities has different ideas at what constitutes the valid chain. In no way does this achieve your stated scenario whereby Coinbase and perhaps Bitpay are enough to totally overturn consensus.