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.
The entire ecosystem is headed for a clusterfuck.
I honestly believe this is the truth. What is there to add ?
~CfA~
These Chinese people really wants to conquer all things that includes money.
They are really greedy, anywhere that there is money they come into it.
Like the Capitalist West have been doing for years? The Chinese took a opportunity when they saw it and they used it... How can you blame them? If the same scenario {cheap electricity} existed in
the USA, people would do the same. The USA can dominate the Bitcoin scene tomorrow... They just have to shift a small percentage of their war funding to Bitcoin mining and focus Silicon valley
development on ASIC chip manufacturing and they can dominate the scene. You chose your own battles...
You think that Russia with Putin won't come to yours and kick the sh*t out of you if there wasn't some one standing in the way? Huh!? It is just like your rebuttal on bitcoin mining because there is an opportunity there to do it without any opposition to deter them from doing it. So there is free reign.
Scary isn't it .