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RE: Bitmain Threatens Hard Fork if User Activated Soft Fork Occurs

in #bitcoin7 years ago

I think bitcoin has grown large enough that it can handle a split. Currently it holds close to a monopoly on coins. Just in naming of bitcoin vs altcoin. I think the split could drive serious competition and help develop the platform further.

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do you really think that a split would really result in two competing coins? Bitmain has what is essentially a premine for their hard fork...

That is not what pre-mine means. Pre-mined is when someone creates a coin and then mines a significant portion of them before anyone else even knows about it. Bitcoin isn't a new coin.

im talking about how they hedge against their own coin

They're hedging against a UASF attack from BitFury and BTCC. If you don't know who BitFury is, this may help.

yes, click on the link, then make sure you GO BACK to this page. if you are wondering and are not going to click on the link, Bitfury is funded by Clintons, Soros, IMF and so it boils down to corporate one coin idea vs Bitmain and all the current miners and their equipment ??