Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Fatman3001
on 16/02/2016, 00:50:30 UTC

nice, but its the blocks that matter and there we only see 1 block so far. pretty disappointing if you ask me.

Antpool hasn't switched yet. They're expecting to do so soon.

https://twitter.com/JihanWu/status/694080283407069184

What do you think would happen in a BJA Commiepocalypse situation?

Most Bitcoin companies in China are as committed and decent as any bitcoiner (cue lambie), but I'm not comfortable with having to trust a socialist dictatorship to not interfere. They don't have to nationalize anything. That's what you do in a country when you are used to having to justify your actions. The chinese government will only have to make a few phone calls. I don't see why they would do such a thing, but again, I don't like having to trust them.

true, but on the other hand if the chinese miners are cut off, basically nothing changes. diff maybe to high for a while but thats it.

The best solution would be that they try to spread their hashing power on foreign pools. That way that can't be forced to do anything covertly. It strikes me as a bit odd that they haven't thought of this. At least if they understand what Bitcoin is about.