Post
Topic
Board Bitcoin Discussion
Re: I have NEVER seen Bitcoin in such a sorry state as this!!
by
European Central Bank
on 21/12/2017, 19:39:15 UTC
simple. bitcoin is being attacked by the people behind bcash. the attackers are the same people who are mining bitcoin. if core had taken charge of block size increase they might have eased off or because core were still in charge they'd continue attacking. as it's miners doing this then they collect their own fees. if someone else gets their own fees then they still collect the super high ones from hapless users. this means they can continue indefinitely until their stranglehold is broken.

this is all because of the centralisation of mining. if that's broken then maybe we'll be ok. if it isn't then bitcoin will fail and deserve to as well. we're seeing the effects of centralisation and too much power in a small number of hands right now.

anyone moving to bcash is being herded there by the people who are screwing you over right now. they mine all of it. they control development too. i am not giving them control of my money.

you will be doing exactly what they want you to do. the best thing you can do if you want to keep a hand in crypto is head for litecoin or anything else that isn't so politicised and nefarious.