Re: Bitcoin IS basically DESTROYED

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

Agree. Interesting what will happen when reach 21M coin. Cheesy

I don't know why or what are you thinking about Bitcoin having an impending doom with its future. But what I am seeing is that it is still on its growth stage and every now and then a halving will happen therefore making it hard for miners to get more Bitcoin. It is controlling the rewards in which it is also limiting the supply of Bitcoin which is a good way for protecting all the un-mined Bitcoin.