Post
Topic
Board Bitcoin Discussion
Re: Bitmain announces plan to create altcoin if BIP148 succeeds
by
hookthem
on 14/06/2017, 23:00:30 UTC
What is funny about this to me is that the whole premise of Bitcoin is to have a low-cost, decentralized currency.  However:

1. It isn't low-cost (a $1 transaction costs $4 with the transaction fee (at a minimum))
2. It isn't decentralized (1 organization has a massive influence).  This announcement has caused a swing of $400 USD in the currency value TODAY!

I say bring BIP148 and give the valuable coin back to the ordinary miners that don't have massive warehouses of efficient miners with free energy in China?  Would that actually happen (I legitimately don't know to make a judgement)?