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rumour of a new fork ETF is gonna pump all things ETF ...
EtheruemFail
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I think a bigger or at least equivalent concern is that a centralized mining cartel can simply veto or slow the progress of any new changes, no matter how beneficial or competitive they might be to other FinTech. Or that Todd and company are only willing to push changes that the mining cartel signals that they agree with ahead of time.
I think that this could already be the case. I don't think that Satoshi ever envisioned core developers colluding with miners per se, correct me if I am wrong here.
We will only know if this arrangement truly exists or not, only if/when the core developers ever push a change that miners are not in complete agreement with.
Only time will tell I guess...
all excellent points. |
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The miners are in china because china has the best possible electricity bill because they have the best position in the planet to become miners, so it's understandable that most of the mining happens there. Instead of complaining about chinese centralization, what we should do is find ways to compete against them. If I was rich I would already be doing it. McAffee is already starting a huge mining venture.
americans don't compete any longer they just complain ... that's why all the jobs went away. But that's okay because in the new generation there are no losers, everybody gets a participation ribbon. Whine all you like, here have a participation ribbon. |
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http://www.bitcoinwatch.com/looks like difficulty is going to be adjusting downwards. Miners are hurting bad at these prices, on average costs they need >$850 for profits so some are going off-line now I expect. $660 is equivalent to $330 before halvening ... i.e. cheap coinz.
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Total Reduced Supply since halvening = 25,000 btc
That's slightly more than the much ballyhooed 24,000 the australian authorities 'auction' of confiscated coins that was "dumped" on the market ...
888 by September
1000 by October.
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^^ try Billingham, Hartlepool or Egremont
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 .... everybody on? |
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So are you saying it's not right people got their money back?
first off it's not really money, just a gas token for the ethereum VM to operate (by eth devs own insisting) and the tokens belong to the terms of the smart contract not any legal person(s) ... the terms got changed such that different terms can be enforced by diverting hashpower ... I'm just waiting to see if they'll hardfork for the next catastrophic DAO bug attack which is only days away now, if they hacker is in it for the lulz as much as i'm imagining |
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he wont be reading anything, it's just lambchop trolling up the good old faithful blocksize fracas FUD to go with their pathetic short attack for some cheap coins now they've cashed out of dead-in-the-water ethereum longs ... looks like stirring up 'miner panic' is the target here, probably Jihan paying them |
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The only people who 'win' in bitcoin are the ones who stfu and do stuff ... those who decided it was in their interests to talk instead of doing have lost ... e.g. Mike Hearn, Gavin Andresen, Brian Arsstrong, etc, etc
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^^ I think I spend about 14 billable hours a month going to the toilet ... maybe I should send the bill to Jihan to make him feel more involved?
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14 billable hours a month ... such devving, much coding! get a grip fatso |
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Bitcoin Core version v0.13.0.0-66dde4e (64-bit)
Copyright (C) 2009-2016 The Bitcoin Core developers
Please contribute if you find Bitcoin Core useful. Visit https://bitcoincore.org for further information about the software.
The source code is available from https://github.com/bitcoin/bitcoin.
This is experimental software.
Distributed under the MIT software license, see the accompanying file COPYING or http://www.opensource.org/licenses/mit-license.php. so cool so refreshing to see the losers twisting and twining in the face of overwhelming proof-of-wrongness ... honey badger don't give a toss losers  |
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^^ yeah all those mining agreements to destroy bitcoin are gonna work out awesome  ffs, get some new materials guise, this is some pathetic FUD shit |
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Times are changing. It is a dynamic world out there.
The miners got into bed with core, believing they could deliver.
Miners will keep the blockchain, Core can keep their code.
such shit FUD ... Core delivers everytime, >100 high quality contributors serving up huge quantities of quality code https://www.reddit.com/r/Bitcoin/comments/4tqb59/bitcoin_core_v0130rc1_binaries_are_available_for/miners have spent not a milliBitcoin producing quality code (or even funding some Core devs (i have no idea why it's a no brainer for wealthy idiot miner to hire a Core dev or two??wtf idiot miners)) so until they do they will the run the best code out there, Core. And Core have spent bugger all on mining? Core will need to start mining their alt coin. Do the idiots at Core ... totally out of your depth, dude. just shut it before you look completely silly ... roll another dooby, chillax and all that ... Core==bitcoin, there is only one bitcoin. |
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