We laugh at eth and ByBit, but when Coinbase gets rekt like this, and all the mstr and etf coins get stolen... a government mandated fork to roll back will come, and the big money will all buy it
Discussion
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Then I’d let them have their illegitimate chain and go on with my life on the original.
Big money is like 20% of the network, max, though. What if Binance doesnt fork? What if China or Russia don't fork? Unless they're all in bed together when it comes to Bitcoin custody. Cucking themselves to a US based custodian or some proxy to it.
If coins from the US government are also stolen, then I can so picture Putin dumping the fork openly and Xi dumping the fork secretly.
Who cares. Well keep using the real thing and educating others about authentic hard money.
Not a version of it.
that would cause a hard fork for sure, would be shitty and fucked up.
mining pools too damn centralized
You think Coinbase and the ETFs approach is like bitcoins quantum computing problem? Where like they know it’s an issue coming but they think they have time deal with it?
Bitcoin quantum problem I have a 99% belief in that being solved.
Coinbase/custody problems? 😬
Bitcoin quantum FUD is just silly when you remember that Bitcoin uses better encryption than credit cards. Any quantum that breaks Bitcoin already broke the fiat system.
Nah I think it's much worse than quantum, because since they are all regulated they are very vulnerable to a 6102 attack and inside jobs
Quantum not much of an issue imo, especially if you never reuse an address (pubkey never revealed)
What's crazy to me is the CEO didn't check his signing device(ledger) to confirm it was the correct address.
He's obviously not all that into due diligence if he's that far into ETH
Big money was behind the bcash fork look where that got them.
If they fork off, Bitcoiners will sell their forked rubbish for bitcoin.
Big money can suck a dick
Peanut money compared to blackrock and mstr
The marketcap of bitcoin was ≈ 500x smaller then. It didn’t work then and won’t work in the future.
Way more dominant in percentage terms.
Then 6.6%
Now 11.3%
Double peanuts
Still don’t think it matters 
Damn, I was thinking mining dominance so something else entirely. Thanks for posting those stats & I should go sleep now
It’s just fiat at that point and we might as well nuke the planet from never learning our lesson.
We will have shown to have never progressed and don’t deserve to.
it's an HF, most of the community would not follow their shitcoin, they would not risk being on the wrong side of the play.
And when they fork it, all the USDT running on the lightning network will also be moved to the new chain. That my friend is going to be a claustrofuck.
I will be at the Winchester, have a nice cold pint, and wait for this all to blow over.
To be honest by then we will know, now much bitcoin does Coinbase really have.
It might end up pumping the price. lol
So they fork it, everyone holding Bitcoin then has the original and the fork coin, they roll back the fork which devalues that fork coin, people sell it off to buy the original and nothing really changes 🤷🏼♀️
I believe that this is inevitable at some point. Maybe not this exact scenario but something similar.
Change begets more change.
This is why I'm so in favour of ossification.
It would be a dark time for Bitcoiners but I'm confident that we will eventually pull through it. This was never about accumulating more fiat currency.
Oh damn.
Exactly, centralized platforms are a ticking time bomb
Fuck that shit.
They'd be pretty stupid if they did that. All holders will sell the shit out of the forked coin to get more actual bitcoin
Would they fork or would they go to their insurer to get paid back the loss? Paid in fiat of course, then they would have to buy back the corn….
possible?
Anchor Watch now exists
bitcoin does not provide a convenient way to empty cold wallets remotely, so it is pretty easy to avoid a devastating hack.
Good. The sooner it happens the better. Bitcoin needs to go through a government scale event
Can't wait to drop the fork corn for the real corn
I wonder how they will get anyone to run the forked network.
Bitcoin is money for enemies.
When a government mandate a fork, we'll see what adversarial countries do.
Then will be the State Fork Wars, and mining for State Security will be an important part of it.
That's why it doesn't really matter that the block subsidy is reducing, mining will evolve to securing the network, instead of making profit, as it's nowadays.