Quote from: BobLawblaw on February 25, 2018, 05:19:18 AM

Quote from: HairyMaclairy on February 25, 2018, 05:11:13 AM

Well he is right. Breaking Bitmain's dominance would be a good thing.

Yeah, break the dominance by having more competition in the industry.

It's a crying shame others have not risen to challenge Bitmain's dominance.

Read this text.
https://medium.com/@CobraBitcoin/an-open-letter-to-the-bitcoin-community-to-change-the-proof-of-work-algorithm-12a6545c20d0

There isn't any competition left. If we change PoW it'll be a clusterfuck, if we don't Bitmain will be the owner of bitcoin. (if not already) I don't think a company like Halong can change things. Bitmain has too much USD in their hands now. They'll either lower the price of their hardware or come up with new hardware to drive Halong out of business. (3rd option: they'll just buy out Halong)

I expected this to happen years ago. I said that bcash will promote itself as the real bitcoin and confuse people. I said that dev team was too late to change PoW algo. They should have done it when the first ASIC came out when the community was smaller.

Now Cobra is complaining about this and says if we don't act now it'll be harder to do so in the future.

Good morning dude.