Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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I've said that all along. It's the people who could point guns at the miners any time they want. That's what censorship is
... and then what, they shoot the blockchain into pieces?! omg bitcoin doomed
Shut them down if they are stupid, but they aren't stupid. The Chinese have a higher average IQ than Europeans and Americans. They would do what the Chinese do: they would manipulate the currency. 51% attacks, double spends or merely threaten to do so.
This is the part where we change the PoW just like some are threatening to do if 75% of the blocks start voting for 2MB.
The important difference it would be unanimous in the case of chinese govt takeover of mines, far from it with a simple upgrade to 2MB max blocks with miners using soft limits along their supply curve.
15000, and a big delete buffer
