The fucking Chinese have centralized Bitcoin mining, and will centralize all decentralized tech due to the availability of cheapshit electricity, industrial production and raw manpower.
It just isn't fair, anons.
What do we do about the Chinese Threat?
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Proof of Stake
Won't the islander Chinese just buy it all up instead?
It'll be even worse if the Hong Kong billionaires get their hands on it (Wall Street boomer richfags are too tech-illiterate.)
>new generation of crypto-trust-fund rich fucking little emperors
Do you people really care about muh decentralization?
Yes, POS is even worse than POW for decentralization. Anybody saying otherwise is a dumbass.
>Wall Street boomer richfags are too tech-illiterate
They aren’t.
t. Wall Street millennial richfag
This.
PoW coins in 2020 are literally paying an endowment to China. Fuck that
Yes I'm here for tech
>talking specifically about boomers
>millennial chimes in with "ackshually"
Can you read English?
Tough tits fag. Maybe live in a country with subsidized electricity and start your own farm instead of starting glow nigger threads like this. Free market bitch!
used to be 90% now only 55% hash in china
>buy up pos network for x amount of billions
>they fork it because of centralization
>buy up the fork
>they fork eet again
???
>Free Market
>State controlled farms to de facto conquer all decentralized coins
Do go away chang
there is no way to fork away from a majority in pos its not like a hashing algo you switch if you start stealing other peoples money nobody will touch your shitcoin
LoL you poor whitey trash what u do? Just seat on your poor fuckin trailer whie poorest Chinese drive their porsche cayenne while america sinks. dont forget to put your dirty kids in chinese language school if he wants to make living in xxi century
>The fucking Chinese have centralized Bitcoin mining, and will centralize all decentralized tech due to the availability of cheapshit electricity, industrial production and raw manpower.
>It just isn't fair, anons.
>What do we do about the Chinese Threat?
Remember this was America in the 60s.
>free market
>government-funded mining farms
Do you know what "free market" means?
>start your own
Sure, lend me 60,000,000 dollars dude.
Also, subsidized electricity is the opposite of "free market."
Fucking retard.
guys i just had a genius idea
very hard to store electric power right? its expensive to store hard to transport which is a problem for power plant scaling across the globe.
how about we store excess energy in bitcoin? a country can mine bitcoin to store its overproduction and sell bitcoin to buy electricity when its running a deficit.
How have they centralized it? There are more chinks than there are burgers and eurocucks combined.
this would allow us to rely mainly on nuclear power which is still the most efficient also renewables like wind and solar without coal and gas buffers...
>every chinese person owns some bitcin
It's literally like 10 fucking giga-whales that own 63% of the global supply between them.
we should start a "bitcoin saves the world from global warming" campaign.
i don't like the "green bitcoin initiative" because it would encourage cashie scum.
Buy IDNA
Good luck anons
i can see you are a brainlet but obviously my idea hinges on countries not runnig a deficit at the same time. nuclear plant blocks are shut down and heated up on a schedule. neighboring (or closely situated on the grid while it's also possible to route electric power indirectly kinda like how the lightning network works) countries can coordinate while not having to rely on a specific neighbour still be able to procure electricity from open market.
Proof of person via PNK
XRP is USA’s chance to fight the Chinese who own bitcoin and many other coins for that matter.
Think about it, what coin has 100% American backing except XRP?
At the moment, China is way ahead when it comes to the digital currency world.
Do you think USA is ok with this? With China controlling the crypto space?
I assure you, they will do everything in their power to surpass China.
China has a big headstart when it comes to crypto, but the U.S. will beat them, like they always have.
It’s no secret now that blockchain is here to stay and it’s going to expand A LOT.
Do you think USA will let China own the largest blockchain ecosystems?
Ha ha ha. Of course not.
If you believe in the US, buy XRP.
It will be #1 coin, the Jews and the Americans won’t stop until this happens.
They WILL NOT let China rule this space.
>What do we do about the Chinese Threat?
Hoping for nukes
i'm mildly curious if any proof of person chain will be still alive in 3 years. too much hassle for so little profit.
dude if any country wants in on the crypto space they can make their own centrally governed shitcoin (that is actually stable in purchasing power thus usable as currency) in less than 5 minutes.
so no fucking existing crypto project will ever be adopted by a government. ever. nobody can resist printing their own money.
Hella based.
XRP/XLM/ALGO Jew coin for the long term hold.
>Hard to store electricity
Suggest to store it into Bitcoin..
Genius..
>Hard to transport
Really...?
there is a lot of loss in electric transportation using them right at the production site could probably increase mining cost efficiency greatly by up to 10% easily.
Unironically, coordicide.iota.org has a good chance at achieving security and decentralization.
retard! retard! How a fuckin broken USA will do it? This shit cant even deal with a virus LoL its better to move to China and open baozi shop