Bitcoin really is king

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NOOOOO IT'S DINOSAUR TECHNOLOGY IT DOESN'T SCAAAAAAALE NOOOOOOOOO

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no idea what that means

number go up

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Tldr; Upgrading miners doesn’t mean shit

Shitcoin gambling degens will be humbled soon but it will be too late because they won't even be able to afford 1 bitcoin soon.

This, unironically
m.youtube.com/watch?v=1oQLOqpP1ZM

waste of power. bitcoin has an especially bad design because it's both a POW coin and very amenable to ASIC mining. china will control a majority of the mining capacity soon. i honestly think it's a ploy to take control over third-world countries where it could be a de-facto standard currency.

in it for the tech, are ya?

Interesting theory, so this is how China will use soft-power to dominate the 21st century, become king of all shitcoins and have countries with crappy currencies relying on Bitcoin to serve their interests?

and they basically have to do this otherwise bitcoin will not be able to cope with the next bullrun.

kek

what happened to the fags calling miner capitulation in march?

Lol Bitcoin popping off will render even more power to DeFi

they'd have to switch to BCH or another fork. probably BCH just to cope with the sheer volume. they could do this at any time since most ASICS are designed for both.

kek

So if 100 Mhash/sec ~= 1 TFLOPS on non specialized hardware, that's 1.7 fucking yottaflops.That's 100,000x more raw operations per second that the fastest supercomputer in the world. All for a bunch of dogshit.

The same thing that happened to the fags calling miner capitulation in 2012 & 2016

This 2016 thread is full of muh mining capitulation shills.

warosu.org/biz/thread/S1214767#p1217467

if they control the majority of the hash power they can just hardfork to increase the blocksize instead of switching to the retarded cousin

why would they bother? that would be harder than switching over to BCH.

Who's the queen?

You baby

it literally wouldn't, with BCH they'd lose all the mining they did since the fork, and inherit its problems, if they hardfork BTC they'd lock out the other miners who don't want to follow but it'll still be BTC because it's still the highest hashrate fork

I don't think people ever read into Jihan's statements deeply in 2016. He said something to the effect of Bitcoin is Bitcoin and BCH is Cash. I think the intent was never to take over Bitcoin but have BTC act as a settlement layer/digital gold while Cash is literally that, digital cash meant for fast and small purchases.

>it literally wouldn't, with BCH they'd lose all the mining they did since the fork

lol, so what? if they really wanted they could buy up BCH before they make the switch.

Sounds plausible, but if BTC price is dictated by Chinese manipulation, I'm out.

Vitalik's shitcoin obviously

Here was his statement
"America is not England. America is America. Bitcoin Cash is not Bitcoin. Bitcoin Cash is Bitcoin Cash."

just don't be surprised when they drop btc like a hot potato. there can be only one

Agreed....stiff.

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