https://blog.bc.game/could-binance-really-destroy-bitcoin/ All Things BC.Game, Bitcoin, Cryptocurrencies, & Blockchain Tue, 23 May 2023 12:58:29 +0000 hourly 1 https://wordpress.org/?v=6.4.14 https://blog.bc.game/could-binance-really-destroy-bitcoin/#comment-20441 Thu, 25 Jul 2019 13:47:53 +0000 https://blog.bc.game/2019/07/25/could-binance-really-destroy-bitcoin/#comment-20441 Wow great video. This incident and the rollback discussion and that a rollback of BTC is possible defeats everything I thought bitcoin stood for.
Decentralized and distributed so it could not be rolled back is the whole purpose. My faith is shaken and maybe that was the purpose to shake enough peoples faith to agree to change the code to prevent a rollback from being a possibility. A good centralized system is still centralized and a good dictator is still a dictator. $40 million is <10% of just 1 quarter's revenue !! Something is very wrong with this situation and much more serious or devious than it appears.

]]> https://blog.bc.game/could-binance-really-destroy-bitcoin/#comment-20436 Thu, 25 Jul 2019 13:47:53 +0000 https://blog.bc.game/2019/07/25/could-binance-really-destroy-bitcoin/#comment-20436 Thank you for being our voice of reason. Appreciate your words very much. If CZ actually tries to roll back BTC, it opens the door for speculation on him working on the side the world bankers. He's already proven with his statement on the possibility, that he's an exchange guy, not a crypto guy, and that's too bad.

]]> https://blog.bc.game/could-binance-really-destroy-bitcoin/#comment-20437 Thu, 25 Jul 2019 13:47:53 +0000 https://blog.bc.game/2019/07/25/could-binance-really-destroy-bitcoin/#comment-20437 Plot twist: WHO HOLDS THE CAMERA? Dun dun dunnnnnnnnn….. O.o

]]> https://blog.bc.game/could-binance-really-destroy-bitcoin/#comment-20438 Thu, 25 Jul 2019 13:47:53 +0000 https://blog.bc.game/2019/07/25/could-binance-really-destroy-bitcoin/#comment-20438 LOOK at all that fake volume they do!!! They like many exchanges dont have all the coins they say they do…. ROLL BACK!! That means no TRUST in the ledger!!! If you dont have the coins you cry "ive been hacked"

]]> https://blog.bc.game/could-binance-really-destroy-bitcoin/#comment-20439 Thu, 25 Jul 2019 13:47:53 +0000 https://blog.bc.game/2019/07/25/could-binance-really-destroy-bitcoin/#comment-20439 Binance is handling this in a neat pre-scripted manner. A well timed, well rehearsed response tethered to a well orchestrated hack that comes with a targeted political outcome…
Seriously, people let's reconsider using Binance shall we? We don't need them.

]]> https://blog.bc.game/could-binance-really-destroy-bitcoin/#comment-20440 Thu, 25 Jul 2019 13:47:53 +0000 https://blog.bc.game/2019/07/25/could-binance-really-destroy-bitcoin/#comment-20440 Who would do such a thing

]]> https://blog.bc.game/could-binance-really-destroy-bitcoin/#comment-20444 Thu, 25 Jul 2019 13:47:53 +0000 https://blog.bc.game/2019/07/25/could-binance-really-destroy-bitcoin/#comment-20444 The fact that it can be rolled back scars me. Who is to say this becomes standard procedure when any large group decides to "FIX" the blockchain for their benefit. BTC is definitely not a safe investment as I once thought.

]]> https://blog.bc.game/could-binance-really-destroy-bitcoin/#comment-20446 Thu, 25 Jul 2019 13:47:53 +0000 https://blog.bc.game/2019/07/25/could-binance-really-destroy-bitcoin/#comment-20446 Bitcoin has had a couple reorgs already. It is not the power of Binance to roll back the blockchain, it is the probabilistic nature of finality on Bitcoin. 1-2 block reorgs happen everyday. Anyone wishing to bribe the miners with enough incentive can reorg the blockchain, no centralization needed whatsoever. Relying on people play altruistic game is a bad strategy

]]> https://blog.bc.game/could-binance-really-destroy-bitcoin/#comment-20445 Thu, 25 Jul 2019 13:47:53 +0000 https://blog.bc.game/2019/07/25/could-binance-really-destroy-bitcoin/#comment-20445 So they delist BSV and then shortly after get thier system exploited for 7,000 BTC which no one seems to be cashing out? Coincidence? Or is someone making a statement?

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