Quote from: avikz on November 15, 2017, 07:46:05 PM

Quote from: Hirama on November 15, 2017, 06:40:29 PM

Guys how do you think, can we defend true bitcoin from Chinese miners?
I think they will continue to attack bitcoin in the future.
Also easy hardfork from bch looks like it's private data base and it can be done whenever.

That's all about de-centralization. No one has the power to stop others from mining or transacting in to bitcoin. If bitcoin was centralized like any other banking system, that would have been possible. But since it's decentralized, the community can't force their decision. It requires a serious level of intervention and crack-down from Chinese government which can stop miners to mine from their soil. No other person or group can do it.

JUST tax the shit out of mining, if the GOV thinks that ppl have been getting rich off the "Peoples Electricity" then the GOV will tax the shit out of these farms getting near free hydro.

We all know how China works, if somebody is getting free electricity its because he's paying off politicians.

Every once in awhile the TOP-BRASS in China decide to make a 'corruption' statement and take a few dozen politicians out back and shoot them in the head,

That would change the mining lay of the land quickly

We all known if BITMAIN miners quit getting 'free' electricity their profits would go to zero.