Quote from: kiklo on January 06, 2017, 05:18:12 AM

Quote from: GMPoison on January 06, 2017, 04:52:03 AM

Quote from: kiklo on January 06, 2017, 04:48:05 AM

Quote from: GMPoison on January 06, 2017, 04:38:38 AM

How so? Antminer is a Chinese mining pool that everyone from around the world uses. By your same logic everyone that uses electronics in America is actually Chinese because that's where they're made.

With Ghash, Miners left to stop them from keeping 51%.

The Chinese Mining Pools has not seen a 20% reduction (It has been over a year) , so like I said the community is flaccid in their response.

I don't understand what you're saying. What does "The Chinese Mining Pools has not seen a 20% reduction" mean? You just said yourself miners left to stop ghash from obtaining 51%, so what exactly has the community given a flaccid response to over the past year?

The Community responded by the miners pointing to other pools making sure Ghash no longer had 51%.

IF 20% of the miners pointing to the combined Strength of the Chinese mining pools, point to a Non Chinese Pool,
IE. 67%-20% = 47% (Less than 51%)
The Chinese Mining Pools would no longer control BTC and you would have a Decentralized coin instead of this Centralized mess it has been for a year.
For over a year the other Miners have done nothing in response,
which means they don't have the numbers to pull 20% and the Chinese actually do have 67% of the mining capacity.

The Community lack of response has been deafening, to those waiting to see one. (And a response never came.)
Over a year , the rest of the world is too weak to stop the Chinese Mining Pools.
BTC is theirs, the community has failed to keep it decentralized, now it is no different than the Yuan.
They will determine its future design and no one else can stop them.

If they ever have a squabble with your country, don't be surprised when they block all transactions from anyone that disagrees with any of China's Policies.
Over 51% gives them that power, don't be surprised when they use it.
Art of War is to defeat an enemy without conflict, controlling their money supply can cripple any country.

196 countries in the world and only 1 controls BTC. Tongue

If the Chinese have 67% of the mining capacity why have they not acted on it, and why has no one else acted on it? Maybe because they don't? Hmmmm.