Looks like BCC's stage one rocket really scared Core

It's not that the current algo is perfect.
It's more that that issue is even more "contentious" than block size.

It hasn't, Monero's mining distribution it's one of the most decentralized ones in any major coin
>Also, a lot of VPS fraud.
Yeah, this can happen with literally any PoW and even PoS, much more with masternodes and other meme shit
It won't, a CPU mineable algorithm doesn't mean a low difficulty, which Cryptonight proves
Neither does being able to mine on a phone, phones are ridiculously power efficient even though it's basically worthless to mine on one despite the profitability they can have

I can't wait for those faggots to do a rushed hard fork like they always said was impossible to some new PoW.

The idiots will dump their actual Bitcoins for Corecoin only to lose all their value and cry on /r/Bitcoin about killing themselves.

Wouldn't changing the Algorithm force all those ASICs to move to BCC?

Yeah, but ASIC's don't give intrinsic value to the coin, demand does
As far as the economic majority (ie. hodlers/speculators and users) remain on BTC BCC wouldn't lift off
Though even more changes to BTC would lead to more distrust, specially such a radical one as changing the PoW, getting more people to jump to other cryptos including BCC

Changing PoW would move all the hashpower to BCC, and immediately destroy any value left on that chain.

No more multi billion dollar mining economy, no more integration with payment processors and merchants, the price would immediately be too volatile to maintain.

Then Bitcoin would find itself competing with the massive pool of altcoins based on the chosen algorithm.

You would have to force a difficulty change, change the difficulty adjustment algorithm, and start from scratch with the exchanges.

Don't think for a second that Blockstream isnt wildly stupid enough to actually do this. They've already gone full retard on Bitpay and anyone even mentioning SegWit2X. Things aren't even getting started on how low Blockstream is going to go.

>Changing PoW would move all the hashpower to BCC, and immediately destroy any value left on that chain.
No, it wouldn't, there would be much more new miners on board specially after the ridiculous amount of GPU's out there in mining farms
>No more multi billion dollar mining economy
It would be even bigger opening mining to basically anyone with a computer that isn't a toaster and with decent electricity costs
>no more integration with payment processors and merchants
There's no reason why the merchants would drop the chain just because of a PoW change
>the price would immediately be too volatile to maintain.
Only due to meme speculation that always happens whenever there's any rumor out there
>Then Bitcoin would find itself competing with the massive pool of altcoins based on the chosen algorithm.
Where it would obliterate all of them, just like it already does with the shitton of SHA256d coins out there
>You would have to force a difficulty change, change the difficulty adjustment algorithm, and start from scratch with the exchanges.
No, you wouldn't, difficulty adjustment would take the same as it always does and as it did when FPGA's and ASIC's were introduced in 2012 and 2013, and as it did when GPU mining started in 2010
>Don't think for a second that Blockstream isnt wildly stupid enough to actually do this. They've already gone full retard on Bitpay and anyone even mentioning SegWit2X. Things aren't even getting started on how low Blockstream is going to go.
muh (((Blockstream)))
Not everyone who hates the chink centralization supports Blockstream dumb faggot

just know, the future of every crypto (as it stands right now) is decentralized government mining where governments team up and form pools or superpowers mine by themselves.

the next world war will be fought over a crypto fork.

it's hard enough to get givernments to maintain roads and provide good healthcare, do you really think their ambitious or smart enough for this shit?

trust me. there's no coin out there that can prevent this at the moment.

and if a bunch of basement dwellers can build mining rigs in their moms basement it wont be hard for the government to go directly to AMD and give them a contract to build them asic miners, then with the free tax payer electricity it will be nothing but profits for the government, to spend on spying and assassinating people.

hopefully humanity realizes it doesn't need government before then but I highly doubt it.

im getting real tired of this bitcoin bullshit

can we all just switch to litecoin already

Tell that to the guys that have spend millions on SHA256 ASICs.

I want a new coin

Buttcoin Ass
1000 Petabyte blocks
Segwitx10 billion
Lightning network
Thunder network
Light hailstorm network
Coin value is automated by bots which buy and sell at random
Centralized or Decentralized depending on the moon cycle

I like you, godspeed you user

nakamoto satoshi
中本 智

miners are fundamental to network so let's change the algo to make them mad and kill the hashing power. Seems about right

Why would the gov't need to mess with crypto? Just printing money and forcing people to accept it at gunpoint is far more easier.

except it's not. because if they force people to accept fiat at gunpoint there will be another revolutionary war.

fiat is only still around because normies want it. once the normies are on the crypto wagon (might not be for another 15 years), governments will have no choice but to recognize it as legal tender (if governments are still plural, if you're under 30 you'll see the NWO in your lifetime)

when crypto currencies are the peoples choice, government will have no choice but to mine. though most likely they will start mining long before then, simply because it's profitable.

ETH is the once and future king.

Everything will be specialised if it earns enough. It's mostly about electricity cost anyway.

Also to read satoshi's writings again faggot. He didn't give a shit about server farms. Satoshi believed in capitalistic "honesty" via self interest, not Core's commie bullshit.

HOW I BUY THIS ICO SIR

but then everyone can be a miner too

I believe that in that case it will happen just like coins with gpu algos, miners will just mine whatever is most profitable and the coin would need to have fast difficulty adjustments to get a good hashrate. It's debatable whether that would be ok in bitcoin's case, I think it's unnecessary to burn a lot of miners since if it happens once, new miners may lose some trust in the coin and since bitcoin handles a lot of transactions, I believe it's better to trade stability for some centralization. In any way, since it already works fine the way it is, there's no need to change it