Don't know if this the reason for Jihan's statement. Furthermore I don't trust him in any way and wouldn't be surprise of he continues his shenanigans within the next couple of hours. You can't trust Chinese! In any industry I ever met and worked with them it always was the same. Period!
Lombrozo should follow through and ignore Wu's lies, I have no idea
how he could accomplish it though.
Lomborzo could even 'kickstart/donate' to get funding and have enough within the hour.
Everyone is tired of Bitmain.
the threat is to change the proof-of-work algorithm for bitcoin from sha256 to another, which would require a hard fork.
it has support in the highest of realms:
http://trilema.com/2016/the-necessary-prerequisite-for-any-change-to-the-bitcoin-protocol/True, people have been talking about a PoW change. It would probably be the best thing to happen and the quicker, the better.
Most importantly how do you create a PoW that is practically unable to centralize?
Going to cpu mining with a variable PoW every few blocks, so asics are out of the picture?
And how do you transition, the change in PoW makes 'difficulty-adjustment' useless.
So are we going to get a few lucky hours/minutes where blocks are 'instamined', or the opposite, one week/month of a slow network. (With lightning functional, this might not be a huge problem).
