Bitcoin Forum

wow.  This is quite the conspiracy theory but I'm not saying it couldn't be true.  I'll let you make up your own mind.

https://np.reddit.com/r/btc/comments/5q6kjo/the_owners_of_blockstream_are_spending_76_million/

Communist China owns Bitmain and wants to control Bitcoin. Are you communist?

I didn't follow you... How does your question fit in with the reddit article?

Communist China controls every process of busines in China. And you're so naive to think they don't control one zitty sophomore?

http://mikelanceworldhistory.wikispaces.com/file/view/cultural-revolution-poster.jpg/338109584/450x315/cultural-revolution-poster.jpg
http://www.labitconf.com/wp-content/uploads/2016/09/jihan.jpg

What I mean is let's not give Bitcoin to Jihan Wu and Communist China.

Scaling bitcoin on chain isn't giving into anybody in my opinion.  If you think it is, we have nothing to talk about.

He is right. Is this your dream?

https://i.imgur.com/Q5uvAB6.jpg

If it's true that blockstream is trying to destroy bitcoin with $76 mln it's very sad. I think we must learn the facts and decide which way we go if splits happens.

scaling onchain will lead to more central control and march towards the death of bitcion.

there are plenty of scaling solutions that do not require a single change to Bitcoin.

Bitcoin is strong due to its decentralization, its permission-less so no central authority, immutable, limited in supply, incredibly established, and its limited to 1mb blocksize. The 1mb limitation strengthens the decentralized aspect of the coin, as if someone were to attack all the miners, me and you can pull out our computer and be the new miners. our standard internet connections would not work to mine very well with throughput required if blocksize increased and with the size of the blockchain.

Bitcoin has done an amazing job of being a great store of value/investment vehicle. I highly recommend you accumulate more as long as Bitcoin's integrity remains intact.

This whole Core vs BU is getting out of hand. Someone figured out how to divide the Bitcoin community and as we know this is one tactic that would work to destroy a common enemy. " Divide & Conquer "

Anyone can go onto Reddit and make up some wild conspiracy theory to spread FUD. Let me show you how easy it is :

Gavin ran to the government agencies to try and get rid of Satoshi, and he succeeded. Satoshi was the creator of this technology and the leader with most of the power. Gavin teamed up with Mike Hearn and they tried to divide the community with XT. < this failed > Now, Gavin are involved with BU and again they divided the community.

They left some "exploits" in the BU code to take down nodes, but it was found and their plans failed once again. If you remember correctly, they wanted to sneak in malicious code into XT too, but it was also detected.

So there, see how easy it is to spread FUD?

many people cant grasp the top down from fiat down to bitcoin to show the power play.

but the bottom up
core->blockstream->DCG->bankers is easier to explain.

take the 20 exchanges announcement. wrote by coindesk
https://www.scribd.com/document/342194766/Hardfork-Statement-3-17-11-00am
then look at the portfolio of DCG
http://dcg.co/portfolio/
then look at why this group is so desperate to poke the bear
https://www.crunchbase.com/person/barry-silbert/investments
take note of all of that DEBT those corps have that need to start repaying back to barry silbert(dcg) soon

It is interesting how some people think, Core has been developing the code for this years and has done exceedingly very when you look at the number of attack Bitcoin has been exposed to for a long time, Classic, XT and now Unlimited want to have that level of control and influence Core team has by colliding with the miners. I know Cor team are not saint in  this whole saga but for me know devil is better than unknown angel

This is complete and utter bullshit. This would possibly not be bullshit, if BTU was presenting a technologically superior solution && not a contentious HF. Guess what, 'emergent consensus' is by far inferior. Speaking of conspiracy theories, I wonder who controls Jihan in Communist China, and who makes him support BTU. ::)

Communist China is very powerful country and has even nuclear weapon. It'd be pretty easy for them to buy some asics and increase their hashing power, we shouldn't underestimate them

I dont know if that is completely true. But if that is true then bitcoin is in danger of being controlled by the communist party. And if politics will enter into bitcoins then other countries especially the Western Countries could not allow it and might ban bitcoin in their area and will create a cryptocurrency of their own. If that happens bitcoin will drop down to 1 dollar. In short bitcoin will die.

Buying out the competition and shutting it down is a well known corporate tactic. DCG investors who may achieve this aim will consider any failed debt as money well spent. Why would mastercard want bitcoin as a competitor?
The idea that communist China's ruling elite might be attempting to control bitcoin too, is probably not without merit.
So bitcoin could well be a failed experiment. Only be prepared to hold what you can afford to lose.

If that is true the crippling part was very irritating indeed, and in my opinion would really lower the value it they can do it, But the question is, if they really can do it? but in my opinion we should not underestimate china in every step they are doing but if it is for the common good they I say let go for it, but if it is for ruining the system of bitcoin then that is awful.