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RE: Migrating Bitcoin onto the BTS DEX via UIA snapshot/sharedrop?
Very Interesting and informative. All of it points to a huge setback for mainstream adoption, there are some of us who are already convinced that alt coins will remain a dark web techie nerdy thing and this type of situations is the cause of it. I honestly believe that this is Bitcoins last chance, if they screw this up they will be totally replaced. The fact that there is a consensus mechanism and such weight exerted by those who are heavily invested in mining brings us back to some of the problems we want to avoid with Fiat!!
It's only a matter of time before Bitcoin is replaced by a superior cryptocurrency at the #1 marketcap spot. Once it loses its #1 place, I don't doubt that there would be an exodus of users to 'alternative' cryptocurrencies, away from BTC.
Indeed, mining is massively centralized now.
But that's my main concern, Bitcoin has come to represent BlockChain technology. Most people don't even know what blockchain is they just know Bitcoin or have heard of it, this is the reason why I'm dumbfounded by the idiocy of this community at times. It seems like they are willing to loose the whole war in attempt to win an impossible skirmish, are we truly at their mercy? with mining centralized there really isn't much from keeping a "government" entity to exert pressure on a specific mining group that controls x percentage of the block's traffic...