Post
Topic
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Micman--PLO
on 16/07/2017, 21:05:01 UTC
Can somebody give me A Very Good option about whats gonna happen and why with A Good and easy explanation Huh

Yea, bitcoin is currently the worst of both worlds.  People claim it's purpose is decentralization, yet if they actually cared about that, they would fork it to a new PoW to be GPU mineable.  If we're going to continue the scheme under ASIC centralization, you may as well scale while being centralized and unleash blocksize to the moon.  So as I said, we now have the worst of all worlds with all the negatives of each philosophy and no benefit of either one.

There is ZERO reason for bitcoin to exist with non-commodified ASIC mining, so my vote is give everyone the middle finger and fork PoW to GPU mining so we can pretend bitcoin has some type of reason to exist.  If anyone who has some type of credibility like being a former BTC dev attempts a PoW fork, the GPU fork will win simply because the GPU side will have far more actors, many of which are willing to mine at a loss for extended duration, while all the ASIC warehouses will shut down immediately like KNC did.


But? So what to do in youre opinion? And i can not make much of youre quote i Just buy and hold (on advice of A friend) whiteout not knowing anything of the technical side on btc.... so "pow GPU" never heard of this things in my Life ..., But i Wanna learn everything of it...