Ninjastic
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Topic
Board Altcoin Discussion
Re: Blockstream vs. Altcoins?
by
TPTB_need_war
on 20/02/2016, 17:37:19 UTC
Quote from: sanadas on February 20, 2016, 08:53:26 AM
Quote from: TPTB_need_war on February 20, 2016, 03:19:07 AM
Quote from: BlindMayorBitcorn on February 20, 2016, 03:04:10 AM
Blockstream has over $60mil in funding to develop side chains. With Confidential Transactions coming to Bitcoin, do you think privacy-centered altcoins like XMR will suffer a decline in demand against new side chains?

Don't worry, Blockstream is incompetent.

Another cluster-fuck of overconfidance as is Ethereum.

Side-chains can't ever work, unless they are merge-mined on the chain they side-channel.

Blockstream is basically proposing Segregated Witness which is reall a Trojan horse to take control over Bitcoin forks by introducing versioning (which will make it easier for them to soft-fork Bitcoin at-will).

Bitcoin is in a cluster-fuck already with China's mining cartel controlling 65% of the hashrate.

Do you mean we need the Bitcoin Classic to take over the bitcoin so that it is in people's hands again?

What I think is probably more words than I feel like writing down.

Mining is broken in all the coins in existence.

Someone needs to provide a coin that has mining that won't centralize as it scales.

Bitcoin will centralize. It doesn't matter how it happens, it will happen. Blockstream, Classic, China's mining cartel, all will jockey for position but the result will be centralization.