Quote from: JuanPabloCuervo on March 28, 2017, 02:09:34 PM

Quote from: pinkflower on March 26, 2017, 08:55:23 AM

Ok so BTC mining is already semi-centralized. But wont Bitcoin Unlimited centralized it further? Another concern is security. How secure is the hard fork to BU? Splitting the blockchain should he avoided for all our sakes.

Splitting is one issue, and it will be unavoidable...
People is sick of waiting...
Waiting will kill BTC.

Centralization is another problem...
If you see all miners agree on something SELL, SELL, SELL!
Like stock market...
They can change the chain and take over all coins...
Like real life...
Or create more coins from nowhere, by introducing a fake or altered blockchain, and because they are mayority, the real chain will be eliminated by the system as fake.

Im in favor of creating more coins...
Centralization of minimg could be good...
Like real goverments they create more more by inflation...

Forcing people to increase fees is another problem.

The bitcoin developers so far, are doomed... Because they don't have enough hash power to support their roadmap.

This won't happen but it would solve the riddle at least:
Perhaps every individual user of bitcoin should contribute to the mining, running of nodes, and confirming of transactions. I would be lost, but I bet it would zip into shape nicely if you simply couldn't use bitcoin without contributing to the public ledger. Each his own, individually. Wink