Quote from: CoinHoarder on October 15, 2017, 02:21:06 PM

Bitcoin has indeed forked numerous times. There have been at least two hard forks and numerous soft forks.

I will repeat again, you have only provided examples of bug fixes, not forks:

Quote from: Hyperme.sh on October 15, 2017, 03:07:06 AM

BTCSatoshi has never forked. There was an instance of some bug fixes only, which made the whales furious:

Quote from: Hyperme.sh on October 13, 2017, 12:02:06 AM

Again a rule-of-thumb in software engineering is complexity kills. And the founder of Trilema had a scalding thread on BCT explaining his anger about how the Core devs were incompetent, adding unnecessary complexity, and not developing a specification (the code was the only specification) formalism. He was pointing out that getting the foundation perfected and clean was a higher priority than attaching bells & whistle experiments.

The following is not the way I wish the world works. Fact is that herding behaviour of the masses is always a manipulation by some whales who are in control of the (action of) organization. Decentralization is only plausible wherein (the action of) organization is not required, i.e. no power vacuum that demands top-down control.

Quote from: CoinHoarder on October 15, 2017, 02:21:06 PM

It is silly to say that miner's "profit tends to remain the same regardless of the price decline". If they were to initiate an attack on the real Bitcoin (Bitcoin Segwit- as decided by Social Consensus), then the public perception and confidence in cryptocurrencies will be shattered.

Temporarily only. And they would continue to mine the same or more BTC at roughly the same profit margins because the difficulty adjusts down as the price declines.

Remember I pointed out to you (the math and examples that show) that mining is a stupid business for any large entity to be in, and the only reason these large entities are financed to be in mining is because the-powers-that-be want to control Bitcoin.

Its all about control. Bitcoin is the 666 plan. It was designed that way by the Zionists that created Bitcoin (who via their Mossad clearly did 9/11 which no one with a brain stem could deny if they listen to the detail exposition of the evidence). But it is not necessary for you to believe this, the technological and economic facts are clear enough.

Heck even Edward Snowden realizes this:

Quote from: https://www.armstrongeconomics.com/products_services/products/the-coming-one-world-currency-2/

Edward Snowden has pointed out that BitCoin is not as safe as everyone believes. He said:

Obviously, Bitcoin by itself is flawed. The protocol has a lot of weaknesses and transaction sides and a lot of weaknesses that structurally make it vulnerable to people who are trying to own 50 percent of the network and so on and so forth.

Quote from: CoinHoarder on October 15, 2017, 02:21:06 PM

Everyone's not going to simply throw in the towel, eat the economic losses, and move to an alternative cryptocurrency (Bitcoin Cash or Bitcoin Satoshi- as decided by Social Consensus).

Correct. The sheep will continue with Bitcoin. This is preordained in Revelation because sheep will be sheep.

But in any case, that point does not add any support to your argument that miners will not do the SegWit attack. The whales know damn well the sheep have no fucking choice but to be sheep. Attack or no attack, Bitcoin will not be stopped, as you admit. Youre supporting my argument.

The sheep do not manage the farm. The rancher decides to raise and harvest the sheep and sell them at the meat market. Learn how the world works. Your fantasies are only in fairy tales. If rather we indeed have decentralization, then social consensus also does not exist. If you need social consensus, then you need centralization and thus your social consensus is a power vacuum controlled by some whales.

Quote from: CoinHoarder on October 15, 2017, 02:21:06 PM

I don't think anyone is arguing that mining is decentralized. It has been common knowledge in the community since at least 2013 that due to economies of scale ASICs bring, proof of work (and all other consensus algorithms for different reasons) tends toward centralization.

You seem to fail to read the links I provide. I provided links to research that models that the blockchain will not even converge any more and will fork off into innumerable forks once the transaction fee revenue is more significant than the block reward revenue due to maligned incentives.

The miners+whales have no choice but to form a centralized control over mining in the future, else Bitcoin will stop functioning!

Please read. I do not like repeating myself.

Quote from: CoinHoarder on October 15, 2017, 02:21:06 PM

But the miners work for us. We are not slaves. This is the beauty of the free market. Whales and Miners are effectively bag holders.

Sorry. You apparently do not understand how economics works.

The sheep are just fodder for the whales to compete to enslave/control/harvest. The organizers of the economy make the economy, until the sheep individually each become their own organizer which is precisely why decentralization is so critically important.

Because unless there is true decentralization, someone has to be the organizer. This is a power vacuum.

Quote from: CoinHoarder on October 15, 2017, 02:21:06 PM

Their mined coins are worth nothing if no one is willing to buy them. Their transaction fees tend to 0 if no one wants to transact on their blockchain, and they are left with expensive paper weights. What you theorize is a suicide mission. They are smarter than that.

Nope. The ranchers trade between themselves which creates the liquidity. The sheep are their slaves. The ranchers must buy inputs from other farmers to produce their crop/product/meat. The slaves are just sheep-like (herding) creatures that consume inputs and get harvested.

Quote from: CoinHoarder on October 15, 2017, 02:21:06 PM

At the end of the day, the community owns Whales and Miners... It is not the other way around. You will come to realize this come mid November.

Lol. My popcorn is ready.

Remember that is what you predicted that community will rise up about Steem(it) and you were wrong. It is entirely controlled by the whales who (scam the voting by voting for their sockpuppet bloggers) are now fighting it out to see which whales will take control.

Quote from: CoinHoarder on October 15, 2017, 02:21:06 PM

Judging from the market, I guess yoy have already lost at least some money on this theory, but I hope you don't lose too much more money on this looney Bcash/Bitcoin Satoshi suicide mission.

Pride cometh before thy falleth. I will enjoy the lulz.

That is ridiculous to assume that every trader buys the precise bottom of every swing before making profits. LTC went from $6 to $85 after I said buy it at $6, but not in a straight line nor as a monotonically increasing function.