Post
Topic
Board Bitcoin Discussion
Re: Bitcoin IS basically DESTROYED
by
kiklo
on 06/01/2017, 04:30:34 UTC
Just because Chinese pools have a majority of the hashing power does not mean that Chinese miners have a majority of the hashing power. Any miner, inside china or out, could point their hashing power to any pool. You should be smart enough to know that.

LOL,   Cheesy
That is exactly what it means, what medication are you on , that you can't see that.
It has been over a year , all of the Chinese miners are staying with the Chinese Mining Pools, guess they don't care about what you or the community thinks.


Besides, what is this "Chinese Miners won, you posers lost"? Bitcoin is one community trying to make a difference in the world. A community that from the sounds if it you should be exiled from.

Chinese Miners control BTC , all of the rest of you have no say, like how they totally are blocking segwit.
Hey , if you got the gavel exile me from BTC, it makes no never mind to me, I betting on a different Crypto horse not controlled by China.  Wink
The Delusion that they are not in control is just going to be worse for you , when they tell you to call them Daddy
.  
Cheesy

 Cool

FYI:
http://www.coindesk.com/china-miners-big-blocks/

Quote
It was not entirely an idle joke when one speaker at China's first miner conference quipped that
if the audience decided to launch a 51% attack against the bitcoin network, they would probably be able to pull it off.

Quote
Huang's most notable comments addressed the issue of scaling, or how the bitcoin blockchain might be upgraded for more transactions.

Rather than focus on incremental solutions (like Segregated Witness, introduced in the latest bitcoin software update),
he took an opposite approach. His talk saw him arguing for the aggressive on-chain scaling tactics that have earned a notable minority of enthusiasts.

When Huang took up the subject, he suggested miners "pretty much determine" how the bitcoin network will scale.

* By Miners, he meant the Chinese Miners.
 Wink


 Cool

FYI:
No probably about it with ~67% hash rate combined they can 51% attack it without breaking a sweat.
If you think the Chinese are dumb enough to have over 51% hash show up on 1 mining pool,
Please realize they are Smarter than that, by keeping their massive control of BTC separated by a Pie Chart,
all of the BTC Shrills will argue they don't have 51% , which is BS, because combined they do.
BTC or Chinese Yuan, same thing China controls both.
All of you that are blind to this, should read the art of war, it is their playbook for War & Business.

http://www.chinabusinessleadership.com/2013/09/05/is-using-the-art-of-war-for-doing-business-in-china-a-good-concept/
Quote
Small Business principles from a war manual is really what China is like.
In 1996, all businessmen in China were studying Sun Tzu‘s  Art of War to learn business and seasoned local Chinese businessmen  today are 10 times more familiar with this than Ken Blanchard.