Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 16/02/2016, 04:17:40 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.

I agree with that. The problem is that they could shut us down or pressure the miners to adopt some "features" that benefit the Sate.  I don't know what those features may be, or even if they would bother us at all, but the fact that they can do it is contrary to the design and principles of Bitcoin.

you see if they have to add some "features" that the chinese gov wants its pretty easy and completely different from our problems at the moment. we would simply fork away. the reason we have so much discussion at the moment is just because both sides have arguments on their side, but in such a situation we would fork in 24h and thats it.


You don't understand how it works. It's an open protocol. You can't stop them from just pointing at the new fork.  You would have to fork away from SHA256, and that would mean mining from ground zero. A complete reboot. The end of Bitcoin alpha. 

We can't just fork away.  Why is this so hard to grasp?