Bitcoin Forum
May 01, 2024, 07:34:34 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: China will destroy bitcoin  (Read 3087 times)
kwukduck (OP)
Legendary
*
Offline Offline

Activity: 1937
Merit: 1001


View Profile
April 01, 2016, 02:13:10 AM
 #1

With China now owing about 75% of the mining power i think in all their greed they will destroy bitcoin.
They will never allow the protocol to change to accept larger blocks since it's not in their interest.
You don't have much time left to sell your bags.

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
1714592074
Hero Member
*
Offline Offline

Posts: 1714592074

View Profile Personal Message (Offline)

Ignore
1714592074
Reply with quote  #2

1714592074
Report to moderator
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
r0ach
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000


View Profile
April 01, 2016, 02:41:40 AM
 #2

Click Kwuckduck post history.  Realize it's an account sold to Zionist banker shills to spam the forum with jibberish.  Never click Kwuckduck threads again.

......ATLANT......
..Real Estate Blockchain Platform..
                    ▄▄▄▄▄▄▄▄▄
                    ████████████░
                  ▄██████████████░
                 ▒███████▄████████░
                ▒█████████░████████░
                ▀███████▀█████████
                  ██████████████
           ███████▐██▀████▐██▄████████░
          ▄████▄█████████▒████▌█████████░
         ███████▄█████████▀██████████████░
        █████████▌█████████▐█████▄████████░
        ▀█████████████████▐███████████████
          █████▀████████ ░███████████████
    ██████▐██████████▄████████████████████████░
  ▄████▄████████▐███████████████░▄▄▄▄░████████░
 ▄██████▄█████████▐█████▄█████████▀████▄█████████░
███████████████████▐█████▄█████████▐██████████████░
▀████████▀█████████▒██████████████▐█████▀█████████
  ████████████████ █████▀█████████████████████████
   ▀██▀██████████ ▐█████████████  ▀██▀██████████
    ▀▀█████████    ▀▀█████████    ▀▀██████████

..INVEST  ●  RENT  ●  TRADE..
 ✓Assurance     ✓Price Discovery     ✓Liquidity     ✓Low Fees





███
███
███
███
███
███





███
███
███
███
███
███
███
███
███
███
███
███

◣Whitepaper ◣ANN ThreadTelegram
◣ Facebook     ◣ Reddit          ◣ Slack


███
███
███
███
███
███
███
███
███
███
███
███





███
███
███
███
███
███








Hero/Legendary members
Snorek
Legendary
*
Offline Offline

Activity: 1400
Merit: 1001



View Profile
April 01, 2016, 02:46:11 AM
 #3

If China is the most prominent nation in the bitcoin world, then why would they want to destroy bitcoin? It has no sense at all.
By doing this they would literally just fuck themselves. Isn't it better for them to keep bitcoin in good health and profit in the long run?
nostal02
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
April 01, 2016, 03:16:04 AM
 #4

With China now owing about 75% of the mining power i think in all their greed they will destroy uᴉoɔʇᴉq.
They will never allow the protocol to change to accept larger blocks since it's not in their interest.
You don't have much time left to sell your bags.


This is really pathetic,so what can you suggest since you want us to sell our bitcoin,can you tell what coin should we get?.
Alley
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


View Profile
April 01, 2016, 03:25:08 AM
 #5

How do you make upside down words?
iv4n
Legendary
*
Offline Offline

Activity: 3136
Merit: 1172



View Profile
April 01, 2016, 04:04:48 AM
 #6

How do you make upside down words?

I have that upside down words also, I thought its something wrong with my lap top.

Snorek made a good argument and I agree with that "If China is the most prominent nation in the uᴉoɔʇᴉq world, then why would they want to destroy uᴉoɔʇᴉq? It has no sense at all." Why would they dig a hole for themselves? There is no logic in that, everyone talk about that China like leader in future that comes. In last 30 years they their growth is amazing I don't see a reason for all that to stop so soon.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
maku
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000



View Profile
April 01, 2016, 04:47:12 AM
 #7

How do you make upside down words?
It is April Fools' prank done by forum Admin. Every BITCOIN (bitcoin) word in inverted upside down. But it will be only temporarily - this effect probably will last only today.
In Meta Section there is post about it.
adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1037


Trusted Bitcoiner


View Profile WWW
April 01, 2016, 04:54:58 AM
 #8

try typing bitcoin(s)

DimensionZ
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


Shit, did I leave the stove on?


View Profile
April 01, 2016, 05:08:02 AM
 #9

How do you make upside down words?


Happy April Fools' Day mate  Grin

And on the topic - China does hold the most of the mining power but if they don't want to update to the new protocol why should the rest of the world be hindered? Can't we just ignore them altogether and continue the mining operations elsewhere. China is just one country it can't be that hard can it?

pooya87
Legendary
*
Offline Offline

Activity: 3444
Merit: 10521



View Profile
April 01, 2016, 05:13:40 AM
 #10

How do you make upside down words?


Happy April Fools' Day mate  Grin

And on the topic - China does hold the most of the mining power but if they don't want to update to the new protocol why should the rest of the world be hindered? Can't we just ignore them altogether and continue the mining operations elsewhere. China is just one country it can't be that hard can it?

April fools day was only lacking a KuakKuak and it is completed now.

Chinese owning a large percentage of the mining power only means they are so invested in bitcoin that will never let it get in harms way. the block size will eventually be solved it is not a simple matter to just change without any consequences.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
vero
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
April 01, 2016, 05:15:26 AM
 #11

If China want to destroy bitcoin they will not owning 75% mining power and many china people invest in bitcoin.

eaLiTy
Hero Member
*****
Offline Offline

Activity: 2814
Merit: 911

Have Fun )@@( Stay Safe


View Profile
April 01, 2016, 05:19:07 AM
 #12

try typing uᴉoɔʇᴉq(s)

that is a good one, even i was wondering how that can be done

and for the topic of bitcoin ,if china is owing about 75% of the mining power , it is their strength . each and every nation can compete with them, i hope no one is stopping other countries   Grin Grin .



 
adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1037


Trusted Bitcoiner


View Profile WWW
April 01, 2016, 05:21:14 AM
 #13

With China now owing about 75% of the mining power i think in all their greed they will destroy uᴉoɔʇᴉq.
i'm counting on their greed to make them make damn sure bitcoins is running smoothly all the time.
greed is good!

They will never allow the protocol to change to accept larger blocks since it's not in their interest.
you do realize at the HK round table it was the miners that pressured the devs into agreeing to 4MB effective block size within 1 year.

You don't have much time left to sell your bags.
you don't have much time to spend your fiat.

Sled
Hero Member
*****
Offline Offline

Activity: 1680
Merit: 535

Bitcoin- in bullish time


View Profile
April 01, 2016, 05:29:11 AM
 #14

How do you make upside down words?
Happy april fools
With China now owing about 75% of the mining power i think in all their greed they will destroy bitcoin.
They will never allow the protocol to change to accept larger blocks since it's not in their interest.
You don't have much time left to sell your bags.
even china has 75% of total mining power and against  bᴉtcoᴉn it doesnt mean that it will destroy  bᴉtcoᴉn.
Only banks of china wants to destroy  bᴉtcoᴉn not the people.
shintosai
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500



View Profile
April 01, 2016, 05:47:26 AM
 #15

another april fools joke? but not to offend anyone if this one come true we will need
to look for another way because china is china, business is business
greediness is what we call good business holding major part of mining will
be a big impact. let see.

Amph
Legendary
*
Offline Offline

Activity: 3206
Merit: 1069



View Profile
April 01, 2016, 06:38:43 AM
 #16

they are free to do it we can create another fork and they would play with their altcoin uᴉoɔʇᴉq with their exchange only

remember that miners don't have the full power, because merchants are somehow as important if not more some times
Herbert2020
Legendary
*
Offline Offline

Activity: 1946
Merit: 1137


View Profile
April 01, 2016, 06:42:17 AM
 #17

another FUD topic posted here by kwukduck's sold account.

what is it this time another bank conspiracy or is it desperation for buying cheaper coins off the market?

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
1Referee
Legendary
*
Offline Offline

Activity: 2170
Merit: 1427


View Profile
April 01, 2016, 07:11:40 AM
 #18

I am quite sure that China at some point will take over the entire mining aspect of Bitcoin. But is that bad? Who knows, but you have been known for being anti Bitcoin for quite some time. Don't think many people here will value anything coming from you.
kryptopojken
Hero Member
*****
Offline Offline

Activity: 767
Merit: 532


View Profile
April 01, 2016, 07:29:52 AM
 #19

They already did in a way
kwukduck (OP)
Legendary
*
Offline Offline

Activity: 1937
Merit: 1001


View Profile
April 01, 2016, 08:15:00 AM
 #20

I am quite sure that China at some point will take over the entire mining aspect of uᴉoɔʇᴉq. But is that bad? Who knows, but you have been known for being anti uᴉoɔʇᴉq for quite some time. Don't think many people here will value anything coming from you.

I'm not anti-bitcoin. I'm anti-ignoring-problems.
There are some serious problems with bitcoin itself and its ecosystem that are structurally being ignored, harming the future of a potentially great and revolutionary technology.

China dominating mining is a problem because they have limited and totally controlled bandwidth to the rest of the world, limiting any new proposal we will try to roll out for the block-size problem. They will not accept bigger blocks because it requires a lot of bandwidth which is expensive for them.

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!