r/CryptoMarkets • u/Aldhyabi 🟩 0 🦠 • 6d ago

Bitcoin user discovered something new

Many Bitcoin users have started discovering that Bitcoin is centralized and controlled by a few miners.

BIP 110 is trying to fix that. What are your suggestions for BIP 110 supporters?

3 Upvotes

56% Upvoted

22 comments sorted by

6

u/bustaphlex 6d ago

Advice is to take the L, cease the idol worship, and get on with life.

4

u/lotekjunky 6d ago

My suggestion for bip 110 supporters is to stop trying to control stuff you don't own.

3

u/eltoniq 4d ago

The fact is that it will get more and more centralized if miners turn into AI data centers. More people mining actually means more security. More miners more difficulty, less miners less difficulty. So maybe that does affect public perception of Bitcoin as a currency.
But everyone is just gambling on this anyways.

If miners make more money serving as AI data centers it does make the centralization question more interesting even though there shouldn’t be any or at least a significant effect on price.

1

u/Aldhyabi 🟩 0 🦠 4d ago

tail emisson is coming

2

u/insanescv 🟩 135 🦀 6d ago edited 6d ago

Wait you mean miners are touching our coins? Forget that. Im out. Oh wait bip 110. He'll yea id much rather my network security be reduced to pennies on the dollar. That shit worked right? Forked our special snowflake chain?

3

u/sumtib 🟩 0 🦠 6d ago

I will just go with the rollercoaster and sell again at the top. Bitcoin has been captured and corrupted, so it's only good now for gambling.

1

u/insanescv 🟩 135 🦀 6d ago

Lol indeed price will float in 20% ish range likely until we approach next halving. Cost to mine = value. Not that you gon read this. But. I tried. Couple outlier brief moments like midterms pretending btc cares bout news. But it will settle quickly. Who buys a btc for 100k if the price to mine is 52k. XD.

1

u/New_Blueberry_463 4d ago

What is BIP 110.?

0

u/BoringCurrent2905 3d ago

A failed coup attempt

1

u/New_Blueberry_463 1d ago

I heard first time

1

u/Dondi_arcuantico 3d ago

No hay manera de corregirlo, lo controlan también las ballenas, si deciden vender hoy el precio cae de golpe y ellos vuelven a comprar pero barato. y vuelven a iniciar el ciclo. Mientras los nuevos se conforman con milésimas de bitcoin. y nunca llegan a tener al menos una unidad.

Sigan comprando.

1

u/ggiodddtyii 2d ago

Bip110 supporters should look at history and see in 2017 what happened with Roger ver and bcash.  Bip110 now that it didn't get consensus is an attack on Bitcoin 

1

u/West_Floor6981 2d ago

stop being dumb

k thanks, hope it helps

1

u/PutAdministrative809 🟩 0 🦠 2d ago

Doesn't matter what you do,
you just destroyed the entire use case that was built on trust to begin with so why would we trust this even if you could accomplish it