Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 21/01/2016, 01:23:19 UTC
You don't seem to understand. Bigblockers will win if we crash the price far enough to persuade the miners to switch. If we fail in that, it's because the price is going up and they have no reason to listen to us. (if it ain't broke, don't fix it). So it's simple. Just keep pumping until we go away. That's how you'll get us to capitulate.



Did you miss the bit when it's been tried & failed a number of times now?

Yeah, well we'll see what happens when xaction fees triple and then triple again. 

We can all hop on PBoCCoin?

What do you think we have now? Nothing happens with the 70% of hashpower that's in China that the PBoC doesn't let happen.  They could take over our whole network with a few phone calls. These giant mines exist and operate only because the Communist Party backed by the People's Army lets them.

Hell, my trading account is in Hong Kong and is also under the ChiCom's thumb. This isn't what we had in mind when we bought into a distributed trustless payment system.