You do realize that the main fiat currency btc is exchanged for is usd?
By your logic China can just print 20b usd equivalent in yuan and just buy every bitcoin. Not gonna bother explaining why that wouldn't work.

Sorry mate the sky isn't falling.

I agree let them try and fork first. Imo bitcoin community is very resilient.

They have been dumping trying to drive the price down and pumping shit corporate coin like zcash (where Ver and pboc by proxy are investors and receiving a portion of every block mined).

Bitcoin is fine - have pow ready (memory Intensive) stick to it and announce it so the bitcoin faithful know what to expect. And if pboc want to fork off let them. No users that understand what bitcoin really stands for will be following them no matter how many threats they make. This is very simple.

Side note I never bothered posting on here but I signed up in 2013. Bitcoin will be just fine. Buy cheap coins spend and replace and hold on. They will keep throwing their money away till they have none left. Bitcoin is an idea And you can not kill it. You can only replace it with a better one and that one is not centralized mining.

Memory hardened is not susceptible to bot nets if the memory requirement is adequate. That is the fud gpu farmers push. Higher memory requirement would eliminate that non issue.

Just adding my suggestion to counter the bot net fear mongers (aka altcoin gpu farm owners).

It would be a good idea to use a memory intensive pow, 6gb or more. This will eradicate the supposed threat from bot nets and allow for anyone with a CPU to mine with a simple ram upgrade. One CPU one vote. The bitcoin network can be secured once again by off the shelf parts.


I also think having this ready to go and on testnet as a counter to any malicious actors is great. Hopefully consensus can be reached but China pboc has already announced they want to make their own crypto coin we can not ignore the fact it is in their interest to try and undermine the open bitcoin network.

Edit: lol tonymidlee you beat me to it.