Post
Topic
Board Bitcoin Discussion
Re: stop blaming miners
by
iamnotback
on 25/03/2017, 03:04:55 UTC
Miners control the hashing.  Users control the economics.  

The users only control killing Bitcoin by selling it. Otherwise they control nothing in face of a 51% attack.

Please stay on the facts.

The facts are the value of Bitcoin plummets when users no longer see it as meeting their needs. Supply of bitcoin remains but the demand plummets.

Those are the facts you repeatedly like to try to use fancy words to distract from.

Bitcoin is dying no matter what. You are just repeating what I (or one of the numerous clones of myself) warned in 2013, 2014, and especially 2015.

There is no possible solution.

Centralization is centralization. Game over. Checkmate.

It is only a matter of how long it takes to separate some fools from their money. That is what centralization enables. If they can get enough fools to believe, then Bitcon(niving) can go on a while longer before the end comes.

Even if MPeX wins, he is deluding himself. A centralized system is not anti-fragile per his own math which I showed.