Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: pereira4 on June 15, 2017, 03:15:09 PM



Title: BitmainCoin explained (Video)
Post by: pereira4 on June 15, 2017, 03:15:09 PM
https://www.youtube.com/watch?v=bdgdiBUUAn8

Important points noted:

-Premined (5300 BTC go for bitmain (Jihan))
-Stealth-mined (blocks mined will not be public until X time)
-Economic incentives ignored (ignoring the fact that the market is crashing hard)
-Client developed by god knows who
-Fallaciously calling it UAHF when it's MAHF (Miner activated hard fork)
-Falsely assuming it has enough community support

The whole thing is nuts. Jihan has finally lost it.