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Re: BITCOIN.ORG: Is being turned into nothing more than an Bitcoin pumping site...
by
amishmanish
on 03/07/2020, 05:20:22 UTC
No there are some 'hard facts' that make me think bitcoin could be in for a struggle down the road.

I see doge as far better for buying a cup of coffee as bitcoin will be.

I see bitcoin having real issues the next two  ½ ings.

But for Now I simply mine and hold.

I see bitmain as a double edge sword for BTC or any coin as they simply think of them as chips to move on the board game they are playing .
Can you elucidate a little more on how you see Bitmain's game? From your post, it seems that you are concerned, rightfully so, about adoption and ease of usage as well as the fee-market issue.

The thing about Bitmain being a double edged sword probably points to their ability to influence the mining and their interests with Ver. It 'd be great if you articulate the actual fears as we need more discussion on these things.

I think that other currencies that have some sort of central entity are busy marketing themselves while Bitcoin is basically left alone to do its own thing by its followers. Apart from a bunch of core developers, it will be hard to find anyone else still in it without the allure of commensurate personal benefit.

Earlier we used to see a lot of push towards adoption. Now most of the SM timelines are taken over by people shilling their respective alts. That really has taken away attention from adoption and usage of Bitcoin and its layer-2 developments.