Latest Update on Ethereum and Bitcoin from One Man Going his Own Way, Vention1MGTOWsteemCreated with Sketch.

in bitcoin •  7 years ago 

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

I do not own the video that appears in this post, nor did I create it. You can watch the on YouTube  https:// youtu.be/ructDgEqMl8 The comment section there is both informative and entertaining.
 

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