BTC is Quickly Losing Investor Appeal - Here's One Factor Why

BTC mining difficulty is accelerating in it's increase.

BTC miners control the fate of BTC & hold a massive proportion of BTC (unlike ETH).

BTC has no transition to proof of stake planned. As mining difficulty increases rapidly certain mining pools will shut down. Any semblance of democratized control will be lost.

Mining will quickly become completely centralized to Chinese mining farms. All protocol decisions will be upon decided by them.

Chinese mining farms evidently don't care about the tech or the ecosystem. They care about profiting off of easy price manipulation, long & short.

The is awful for the BTC ecosystem, it's prospects, and it's fate. And a massive detrimental factor to any prospective BTC investor.

http://ift.tt/2vDtprN

Few realize this.

submitted by /u/elevenoh1
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