Bitcoin centralization

>Apple, Google, Microsoft admit US law obliges companies to work with government, under conditions
ZERO DIFFERENCES, Z-E-R-O
zdnet.com/article/yes-the-fbi-and-cia-can-read-your-email-heres-how/

pretty easy. when they have that much computing power its far better off for them to play by the rules and get rich

It is different from the situation when a single russian fat fuck owns 2/3 of the supply.

>US senate bills to approve billionaire budget spending for useless energy consumption operations and chinese mining equipment purchase to attack bitcoin network
r-right, approved instantly
just imagine a bill like that, it would kickstart a BTC resistance group stronger than ever
the more you attack BTC the more your make it stronger

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The chinks were the first ones to make ASIC miners solely to control BTC. First mover advantage cannot be overstated here. It's probably just a conspiratorial rumor, but some say the idea of ASICs did not come from our dimension/time. The chinks received 'help' in coming up with the idea to destroy and/or control BTC. Whoever controls BitCoin possess the nuclear arsenal of financial weaponry. However, worry not. Craig Wright knew the chicks were going to try and do this and we are close to reversing the shit-show that is BTC/China.

Gold/silver will be good for when there is no electricity and society as we know it collapses. Thats at least a decade away, btc has room for at least another bullrun if not two until then. The second one you might not be able to cash out or nowhere to spend your money.

This may be the golden bullrun in the sense that you can live off it for several years and actually spend your profits under somewhat of a normalcy.

quite op, your not supposed to say that.

US has Quantum computers that can take over the bitcoin network in half a second.

XRP Ledger entire power consumption is 7 light bulbs.

>but some say the idea of ASICs did not come from our dimension/time. The chinks received 'help' in coming up with the idea to destroy and/or control BT
do you have a sauce fren?

asics have been around decades, you are talking about quantum computers.

What is the largest crypto currency not largely controlled by the lying chinks?

does the fed install their own people into the board of directors and do they have veto rights for major decisions?

XRP is a US based company
ETH is a russian Crypto
BTC is a Chinese crypto

btc is not deventralized unless you think 10 people controlling >50% of the hashpower is (((decentralized)))
>private companies do
and china or any govt can simply walk into a building and shut it down. good luck relocating wharehouses full of servers in the early hours of the morning.

Durr, ASIC was the next logical step after FPGAs

I thought XRP was Swiss?

shut up faggot, current limit is 53 qubits and the difficulty to add a single one increase exponentially
having a machine with 256 qubits working in a reliable state it will be impossible for 50 years at least
XRP is a premined shitcoin, owned by a company and permanently dumped on retail brainlets using banks/VC/exchanges as middle men to avoid SEC regulations on securities

its headquarters is in silicon valley.

It´s becoming more and more centralized, therefor losing its last strenght. It was obvious from the beginning that this would happen. Every system trends towards centralization.

irrelevant when 10 people control 50% of the hashpower. your 2000 - 50,000 mining farm adds nothing

And one day, ASICS will replaced by another thing, which only big miners will be able to afford. In the end, only big centralized facilities will mine bitcoin

based Jiren telling it straight

no, people would panic sell, leading to a downwards spiral u moron

>US has Quantum computers that can take over the bitcoin network in half a second.

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XRP Schizo

> The idea of putting the mining code on specialized hardware is so radical and unique it may well have been given to us by aliens
The sad part is I don’t know if you are satirizing these idiots or if you are in fact a breathless bsv fool

Bitcoin was premined 1 million bitcoins on release, it starts out decentralized and becomes centralized over time, it requires more power than the top 149 countries. Ironically back when bitcoin was just new people were calling it a scam and using the same talking points as bitcoin maxipads use against XRP.

congress.gov/bill/115th-congress/house-bill/6227

XRP is Older than Bitcoin by 30 years

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seems like the Chinese actually makes investments then. seems more capitalist then bailing out failing companys

>dumb people would panic sell
yes
>leading to a downwards spiral
yes, and i will be there with a bag of cash waiting to buy cheap cones AS ALWAYS

youtube.com/watch?v=Hp5kUmni5Dk

Quantum computing is a spook and will never go beyond experimental stage.

Do you have an exact idea how this ASIC replacement would look like?

>Quantum computing is a spook and will never go beyond experimental stage.
wrong fren, but implementing quantum resistant algos is trivial.

quantum computers are already far more advanced than you can possibly imagine, the technology the public is allowed to see is years old. technology is slowly trickled down. the cellphone changed our entire world view and society in under a decade, imagine if they release a flood of technology that people aren't ready to use.

imagine if the nuclear bomb was around during the 1800's or 1910's.

No, but it will be here one day. And the result will be further centralization.

"A new technology will supplant ASICs who themselves replaced FPGA boards. However, the pace of this type of innovation is nowhere fast enough to prevent miners from forming dominating positions for long period of times; and such innovation would benefit but a new (or the same) small clique of people who initially possess the new technology or eventually amass the capital to repeat the same pattern."

give me the most recent best youtube for it

ASICs are already fully custom chips and newer and more efficient version will be out in the future, but what non-sense "new technology" are you talking about?
Tech illiterate should just keep silent and avoid talking bullshits

niggers, there's almost always a classical algorithm that is equivalent in complexity to a given quantum algorithm. study.