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Author Topic: [2017-03-22] China Cartel Shakedown - BU vs BTC  (Read 1159 times)
etherparty
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March 29, 2017, 05:50:22 AM
 #21

https://medium.com/@tradertimm/china-cartel-shakedown-bu-vs-btc-482973935e06#

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My how have times changed. Used to be, the worst thing that Bitcoin had to deal with were scammers and crooks infesting the ecosystem and giving the network a bad name. Now, we have potentially state-sponsored actors that are fighting to wrest control from the veteran Bitcoin developers and clients.

Quick writeup about the Chinese Cartels and their shakedown of Bitcoin.


Good read thanks for sharing. The China Cartel may stop to exist in case there's an attack and Core after an eventual fork and it gets a new POW algorithm...
I will get myself a few GPUs then and help the network.

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March 30, 2017, 10:45:51 PM
 #22

This needs to end before Bitcoin is destroyed.
Increase the block size (without Segwit) and leave Satoshi's creation alone.


BU crashed 3 times in 2 weeks and is closed source....
it does not stand a chance in the wild.

https://twitter.com/aantonop/status/846819297695600641

segwit is the only tested solution to scale.

https://twitter.com/aantonop/status/845769928959541248

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