Quote from: Operatr on June 24, 2013, 10:08:47 AM

Quote from: Frizz23 on June 24, 2013, 09:12:43 AM

Quote from: Shimple on June 24, 2013, 12:57:36 AM

Exactly lol. All the delay stories are the companies mining away themselves. Funny huh?

Bitcoin should change the hashing algorithm (from SHA-256 to SHA-512 or Scrypt or ...) to show those fuckers this here:

Bitcoin was meant to be democratic and decentralized. What we see since about 1/2 year is quite the opposite development: Bitcoin becomes more and more Bankster-like.

Profitability is tanking because of the combined greed of miners and these companies, the problem will correct itself in time when the hashpower plateaus, because why would you buy a miner now that the ROI is nowhere near what it was. Sales of these things will flatline along with it.

Unless Bitcoin increases in value dramatically nothing good will come of all this. Gold Rush 2.0, get ready to see some digital ghost towns appear

Yea you got the greed part right! What they should have done was come out slowly with USB sticks first where you could run along side with GPU's with out the power consumption. To be honest I don't think it matters anymore or I just don't give a shit. Bitcoin is going down the wrong path and we will see by the end of the year what that means.

Either way very interesting drama and I wonder if the next jump will look like the one we just saw.