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20707870 No.20707870 [Reply] [Original]

I am 100% convinced that the primary people who are shilling PoW are chinks. Seems like they have a good scheme going.

>has cheapest power
>builds tons of BTC mining infrastructure
>eventually controls 65% of the network
>westerners dump real money to buy this chink trash
>if BTC did something China didn't want the government could just step in and force all miners to fork network/51% attack etc.

China obviously has this thing cornered, the West would have a huge advantage in Proof of Stake, as it relies on money to secure the network (the west still has more money than china). However, it seems like many people resort to the "REEE PREMINED SHITCOINS" argument. This doesn't make sense because 90% of you probably are like me and joined in 2016 or later. In which case BTC itself is also a premined shitcoin. Therefore, might as well just buy the projects that are better.

>in b4 chinks come into this thread trying to act like "based" /pol/ gold standard guys to try to trick white boys into buying their bags

>> No.20707886

dr;ns

>> No.20707939

>>20707870
their country is going to balkanize and a large but not large enough number of chinks will probably die over the course of this decade. i'd wager there are people outside of china anticipating this and starting up their own mining farms as we speak.

>> No.20707946

>>20707870
>BTC itself is also a premined shitcoin
not how the definition goes you could have mined btc from day 1 after the genesis block "anyone" could join.
pow is a fair trustless and permissionless distribution mechanism.

>> No.20707986

>>20707870
>projects that are better
rofl fucking shitcoiner delusions

>> No.20707993

>>20707870
Don't even bother spelling it out to people. Everyone except for the mentally challenged can tell where this market is headed. The people here who can't see this deserve to lose everything.

>> No.20708007

>>20707886
Have sex

>> No.20708112

>>20707946
I understand that you low IQ mongoloid. The problem is, most people weren't aware of BTC until much later, so it is just as premined to them as other coins. When they joined crypto, there was already 16 million BTC mined. You are too stupid to understand this though Zhang. I get that you just have pre-packaged responses. I just respond so non-chinks can laugh at you.

The whole argument that BTC is "fair" because anyone could have mined is nonsense. It is no more fair than any proof of stake coin. Studies show ETH has a more fair distribution than BTC does as well.

>> No.20708176
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20708176

>>20707946
>pow is a fair trustless and permissionless distribution mechanism.
Literal NPC tier reply fucking kek lmao holy shit who pays you BTCuck shills?

>> No.20708262

>>20708112
>The problem is, most people weren't aware of BTC until much later, so it is just as premined to them as other coins.
So the protocol is fair, but because not many people knew about it at the time of inception, it is actually not fair? You do understand how POW works along with BTC's inflation system?
What are you the everybody gets a ribbon mom?
BTC doesn't care if you are tuned in or not and it is not a factor to the fairness of the protocol. Even the majority of people today, including yourself, still have no real idea about BTC.

>> No.20708307

>>20707946
Based

>> No.20708310

So at the end of the day, if I hold only one coin will it be BTC or ETH

>> No.20708550
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20708550

>>20708262
By the same logic I could say you also had a chance to buy into any ICO early on. You don't admit that, because you are a CHINK shill who wants to convince people to stay on PoW.

>> No.20709203

>>20708112
>so it is just as premined to them as other coins
that's retarded as fuck but think whatever you want

>> No.20709759

>>20708550
Imagine being this retarded. Just because people didn't know about btc therefore select parties (early miners) got in and mined early is not equivalent to the Dev team that hands themselves a supply and sells it to select individuals (ICO participants). Claiming BTC is premises is just as stupid as claiming gold is premises.

>> No.20709796

>>20709759
Premined* not premises. Autocorrect