The death of Bitcoin

China literally has the power to disrupt Bitcoin by shutting off power to mining facilities. All of your money would be gone within the first few hours as Whales will have been out in minutes. All of their capital would have poured into better coins. How do you feel about this?

>he thinks bitcoin can be killed
kek

BCH is the answer and it's going to happen.

it would be a shitstorm, but difficulty would adjust and other miners would take over

Market will adjust and China will be left behind.

It's not, in fact the answer is simple:

NO MORE FUCKING FORKS.

China mines 90% of all Bitcoin. You really think all that tech and hardware would be carried out of the country to elsewhere before the bags were dumped? You'd see mass suicides before a single card got through government borders, and once the facilities were back up and running elsewhere, all of the interest and capital would be elsewhere.

the chinks can try. but there is too much money to allow them to play their dirty games. the chinks have already been rendered meaningless as far as exchanges go. if they keep trying to play chinkie games they'll not only ruin themselves for bitcoin mining, but every other proof of work coin will drop in value proportional to how many chinese miners are mining it.

an even chinkier coin than litecoin is in no way a threat to bitcoin.

>90%
and if a portion of that stopped mining bitcoin, it would be profitable enough for countries around the world to mine it. you don't need to wait for a difficulty adjustment when hashrate leaves the network, it's instantly more profitable for you to mine.

ASIC resistance is the answer

VTC not LTC

Or BCH

or GRS

You think a bunch of middle-class suburbanites and broke college students are supporting this multi-billion dollar market? It's national government and the few elites that pull the strings in this game. Whatever little money you make it minuscule and entirely negligible to the daily profits of these people. Bitcoin can be burned in a minute, and it will be when there's incentive to move elsewhere.

Yes. That's why we need to invest in coins like GRS, VTC, FTC, and DGB.

what if a chinese exchange controls the production of tether (and the price of bitcoin)?

You have very few braincells if you think forks are avoidable.

Forks are avoidable. They are absolutely unneeded, and do more harm than good. Give me a good reason they are needed. You can't. It's foolish.

This. Bitcoin should not be forked. It's perfect already.

Forks are forced upon BTC for short profit. BTC is too vulnerable to it. That's another insufficiency of BTC.

I believe that.

>100% of miners stop mining, for some reason because they hate printing literal money
>bitcoin cluster-fucked
>others see this and start mining
>bitcoin surges in price again, original miners left behind

>its another (THIS SINGLE GROUP) can withdraw and destroy BTC by themselves thread

Just stop. I know its you, Wallstreet Jew.

>others see this and start mining
>>bitcoin surges in price again, original miners left behind

You realize 90% of mining facilities for BTC are based in China and they have purchased all of the fucking hardware. You seriously imagine that it would be a simple and easy transition? You can't even buy graphics cards for mining because of how quickly these motherfuckers buy out the supply.

What you're saying is that if we were mining gold and someone had all the pickaxes and decided to do away with their axes, we could just begin mining again like it's nothing. You need the fucking tools, you need the hardware; most of the hardware is concentrated in China. It would be an utter shit-storm.

>Mfw Veeky Forumstards don't understand what forks are or how they're done

Anyone. Can. Fork. Bitcoin. It's open source software. They are not avoidable

you realise that JAPAN is currently building a hundred million dollar facility to mine bitcoin?

you realize that russia is doing the same?

tard.

Fucking this 100%.

>let's fuck with something that's perfect already for no reason at all but to show 'authority'

God damn fucking JEWS EVERYTIME. Satoshi is rolling over in his grave.

don't be delusional if whole china completely halted any crypto related activity difficulty would adjust and hundreds of thousands new miner would pop all around the world because it would be profitable again to mine BTC for them!

You realize literally anyone can fork, right?

China mines 90%
citation needed

Yeah and a black hole can appear out of nowhere at any moment and wipe out the human race. What's your point?

the pools hashrates.