Vention1MGTOW offers a summary of what is going on currently regarding
BITCOIN
- Unconfirmed transactions have dropped. FROM 95,000 TO 26,0000
- Someone has been spanning the network, forcing the unconfirmed transactions up
- The Chinese miners have been calling for bigger blocks to facilitate the network and keep everything running smoothly
- But they were not even fully utilizing the blocks that they have efficiently
- The huge mining operations in China which are able to mine at 70% the cost of electricity as other miners
- Why one huge nining operation in a wasIceland was put out of business and the comments made by their CEO
- The Chinese have taken huge market share because of their trade secret way of ininig
- Bitmaid/Chinese miners have been able to suck up most of the bitcoin mining
- Iceland miniing concern went out of business
- Bitcoin Unlimited software is just a ruse to avoid adoption of Segregated Witness
- If segregted winess is adoped their special way of mining will be gone
- They hav tried to jam network and increase fees in order to force the networ
- Bitcoin community is underpressure to fork to buggy Bitcoin Unlimited created by hackers hired by Chinese miners
- Bit149 version of Segregated witness scheduled for roll out in 2018 but will not b even accepted by the Chinese unless hey are forced to do so
- Recently bragging about mining empty blocks, leaving transactions uncompleted
- A bit o software was developed, User Activited Software, wich when deployed will force use of Segregated Witness thereby creating a soft fork.
- Forcing Segregated Witness by individuals running User Activated Software on their own node reuires a certain amount of bandwidth (and equipment?)
...and there is another 15 minutes more of cogent analysis and summary! I'll keep relistening and etracting the nuggets. Join me! :)
ETHERUM