Post
Topic
Board Bitcoin Discussion
Re: Bitcoin IS basically DESTROYED
by
kryptqnick
on 12/10/2016, 18:55:54 UTC
Bitcoin is basically destroyed now with 70% of the mining controlled by China, soon to be 98+%, and with Blockstream implementing their SegWit soft fork Trojan Horse so as Matonis admits can end up increasing the 21 million coins limit.

The entire ecosystem is headed for a clusterfuck.

I honestly believe this is the truth.  What is there to add ?

~CfA~


UPDATE: https://bitcointalk.org/index.php?topic=1465136.msg14789764#msg14789764
I think it is impossible to mine all the bitcoins really fast. It is going to take 150 years as far as I remember. At that time there might be no China or it may end in crisis. So, bitcoin is not destroyed and everything is going to be fine. And even if China would mine the rest of bitcoins, so what? Why do you think that this is the end? People will just buy them for dollars and bitcoins will spread around the world.