It's time to fight fire with fire — is the Chinese government pushing Bitcoin Unlimited?
Source: Liberty Blitzkrieg
by Michael Krieger
"Irrespective of the scaling debate, we seem to have an uncomfortably centralized Bitcoin ecosystem in some important and meaningful ways. It is this backdrop which makes the current situation so concerning, and it is this backdrop that has made Bitcoin as vulnerable as it is right now. Now here's where it gets even more concerning. Many observers are warning that Bitcoin Unlimited (BU), if it happens, could make the centralization issue even worse. … If this is right (people I respect disagree on whether BU will make the miner centralization problem worse), this is a gigantic elephant in the room for Bitcoin Unlimited. It also makes it increasingly likely that behind the scenes the Chinese government is supporting BU as a way to either take over Bitcoin or destroy it from within." (03/20/17)