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~
Hey I think I'm related to the guy you quoted.
What you probably don't know already is that a good chunk of the recent hashpower coming online is actually a taxpayer funded adventure. A good chunk of the recent hashpower is split roughly evenly between the Chinese and the US government. There might be a third player in there but I can't discern. I can't tell which of the two is actually ahead, it seems to oscillate on a three week period. But in either case, the race is on : the governments are mining, boys and girls.