CIA has no control over any cryptocurrency, it all boils down to disagreements in scaling of the blockchain. 1MB/10min is enough, 32+MB/10min with regular increases will eventually make the blockchain centralized, allowing authorities to steal it as they're the only ones who can afford to host it. Stay away from Btrash and use the original Bitcoin instead.
Or why not Ethereum and Monero, with dynamic block size or sharding, two techs that improves the scaling and distribute the load to avoid centralization.
The original bitcoin has been taken over and is a scam. Original bitcoiners saw it go down, saw the CIA takeover. It's not just a simple dispute- it is impossible to have more than 200k transactions on bitcoin in a day. The only reason it has such an inflated value is because it is propped up by something called 'tether'. Bitcoin cash us the original bitcoin, while bitcoin is a Jack Dorsey fan club ponzi scheme. But by all means, do your thing.
Tell me how CIA could possibly take over the worlds largest decentralized 100% open-source network with over 10,000 nodes, and 151.03 EH/s hash rate. And what exactly do you think they're doing to interfere beside attempting the obvious traditional attack vectors?
it is impossible to have more than 200k transactions on bitcoin in a day
It was back in 2017, today lightning network exist, peer to peer direct transactions off chain, cheaper, instant and more anonymous.
The only reason it has such an inflated value is because it is propped up by something called 'tether'.
Tether is paired with all cryptocurrencies, including Btrash. While I agree that tether is shit and does have a negative impact on cryptocurrencies in general it's just a stupid thing to pull up when arguing which of two cryptocurrencies are the better one. Tether is really just USD without regulation and bureaucracy.
Bitcoin cash us the original bitcoin
Most people, myself included would disagree, but I respect your opinion.
while bitcoin is a Jack Dorsey fan club ponzi scheme.
You're talking as if Bitcoin where some kind of hive mind or company, it's the opposite in fact, and most people don't like Jack Dorsey. What you're doing here is guilt by association, like if you where to get rid of your car just because you learn that Jack Dorsey has a car of the same brand.
Ponzi scheme? Craig Wright is the crybaby who pump and dump his shit coin all the time, he's also the one running around suing everyone trying to prove his Satoshi, pathetic.
All you need to do to subvert Bitcoin is to control a majority of the nodes, i.e. 50%+1.
Do you really think an organization with an unlimited budget can’t purchase and manage 5,001 nodes? An unlimited black-budget with no congressional oversight, no less.
This is why people shouldn’t speak about things I don’t know about. Do you know what that would net them? Exactly one bitcoin. Because the other miners would fork and a bitcoin block chain would continue. You should probably shut up now.
You got it wrong, it's the mining hash rate and not the nodes that counts. You also got the math wrong: 10,000 + 5,001 = 15,001 which is closer to 33% than 50%. There are currently 11,302 Bitcoin nodes and 1,315 Btrash nodes, don't pretend less nodes is better.
Then we have the hash rate, same algorithms are used. Bitcoin hash rate is now: 151.20 EH/s while Btrash is at 1.8 EH/s. It'll cost CIA 84 times more to interfere with Bitcoin than it would cost them to interfere with Btrash.
All in all, the hardware for taking over Btrash would cost you $43,920,000 and you'll need space and cooling for 16,363 devices plus about 20MW of energy supply. Meanwhile for Bitcoin you'd need: $3,689,280,000 for the hardware, 1,393,232 devices and 1.39GW of energy.
Not to mention that if CIA started to build something like that, it wouldn't go unnoticed and more people around the world would increase their own mining operations to prevent a 51% attack which is essentially only good for delaying on chain transactions anyway. This isn't really a big issue since Bitcoin now has off chain transactions while Btrash still does everything on chain.
Face it, not even China could do this, they did try it, remember all those coal plants they built, their massive mining facilities, how horrible they treated their workers and all of that, and still they failed. CIA has no chance.
Let's also not forget that a centralized operation would be extremely vulnerable if say a truck loaded with bombs would roll into the massive warehouse where they set everything up.
CIA has no control over any cryptocurrency, it all boils down to disagreements in scaling of the blockchain. 1MB/10min is enough, 32+MB/10min with regular increases will eventually make the blockchain centralized, allowing authorities to steal it as they're the only ones who can afford to host it. Stay away from Btrash and use the original Bitcoin instead.
Or why not Ethereum and Monero, with dynamic block size or sharding, two techs that improves the scaling and distribute the load to avoid centralization.
The original bitcoin has been taken over and is a scam. Original bitcoiners saw it go down, saw the CIA takeover. It's not just a simple dispute- it is impossible to have more than 200k transactions on bitcoin in a day. The only reason it has such an inflated value is because it is propped up by something called 'tether'. Bitcoin cash us the original bitcoin, while bitcoin is a Jack Dorsey fan club ponzi scheme. But by all means, do your thing.
One theory I've heard is that the CIA created Bitcoin.
https://cryptopotato.com/the-cia-secretly-owned-crypto-ag-did-they-secretly-create-bitcoin-opinion/
I don't know if this is true but it wouldn't surprise me.
Tell me how CIA could possibly take over the worlds largest decentralized 100% open-source network with over 10,000 nodes, and 151.03 EH/s hash rate. And what exactly do you think they're doing to interfere beside attempting the obvious traditional attack vectors?
It was back in 2017, today lightning network exist, peer to peer direct transactions off chain, cheaper, instant and more anonymous.
Tether is paired with all cryptocurrencies, including Btrash. While I agree that tether is shit and does have a negative impact on cryptocurrencies in general it's just a stupid thing to pull up when arguing which of two cryptocurrencies are the better one. Tether is really just USD without regulation and bureaucracy.
Most people, myself included would disagree, but I respect your opinion.
You're talking as if Bitcoin where some kind of hive mind or company, it's the opposite in fact, and most people don't like Jack Dorsey. What you're doing here is guilt by association, like if you where to get rid of your car just because you learn that Jack Dorsey has a car of the same brand.
Ponzi scheme? Craig Wright is the crybaby who pump and dump his shit coin all the time, he's also the one running around suing everyone trying to prove his Satoshi, pathetic.
All you need to do to subvert Bitcoin is to control a majority of the nodes, i.e. 50%+1.
Do you really think an organization with an unlimited budget can’t purchase and manage 5,001 nodes? An unlimited black-budget with no congressional oversight, no less.
This is why people shouldn’t speak about things I don’t know about. Do you know what that would net them? Exactly one bitcoin. Because the other miners would fork and a bitcoin block chain would continue. You should probably shut up now.
You got it wrong, it's the mining hash rate and not the nodes that counts. You also got the math wrong: 10,000 + 5,001 = 15,001 which is closer to 33% than 50%. There are currently 11,302 Bitcoin nodes and 1,315 Btrash nodes, don't pretend less nodes is better.
Then we have the hash rate, same algorithms are used. Bitcoin hash rate is now: 151.20 EH/s while Btrash is at 1.8 EH/s. It'll cost CIA 84 times more to interfere with Bitcoin than it would cost them to interfere with Btrash.
All in all, the hardware for taking over Btrash would cost you $43,920,000 and you'll need space and cooling for 16,363 devices plus about 20MW of energy supply. Meanwhile for Bitcoin you'd need: $3,689,280,000 for the hardware, 1,393,232 devices and 1.39GW of energy.
Not to mention that if CIA started to build something like that, it wouldn't go unnoticed and more people around the world would increase their own mining operations to prevent a 51% attack which is essentially only good for delaying on chain transactions anyway. This isn't really a big issue since Bitcoin now has off chain transactions while Btrash still does everything on chain.
Face it, not even China could do this, they did try it, remember all those coal plants they built, their massive mining facilities, how horrible they treated their workers and all of that, and still they failed. CIA has no chance.
Let's also not forget that a centralized operation would be extremely vulnerable if say a truck loaded with bombs would roll into the massive warehouse where they set everything up.