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RE: The Wolf in Sheep's Clothing - BTC compromised by banks while Chinese miners prepare to crash the markets

in #bitcoin7 years ago (edited)

There's always Ethereum and EOS. Hopeful things like this will further encourage movement to PoS and other non PoW chains where holders of the value get the say in its future. However then you need to make sure the wealth is not controlled by a few banks or oligarchs who are evil. Look what happens on Steemit when our whales start fighting or abusing the system and the minnows can do bugger all about it.

Another point I should make - so how does BitcoinCash scale to millions of TPS which is what it realistically needs to do if it was to become the coin used by everyone. Even thousands requires a massive blocksize. Are gigabyte blocks in our future? And that block time... When is anyone going to propose shorter block times and paying miners for orphan blocks to compensate for the accidental soft forks it will cause, just like ETH?

Finally... Is the fact that the recent Segwit2x hard fork failed evidence that your theory is right... That these evil actors you have behind the Lightning supporting BTC didn't want to allow scaling of the blocksize and thus to force people into using Lightning? That would require that the miners in China are in on this wouldn't it? But surely supporting something that only allows Lightning is bad for them as it means less revenue from transactions and mining doesn't it? Or are you saying they supported BTC only so they could crash it later... Like in a few days time.