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My understanding is that it is fueled by greed and desire for short term gains at the expense of bitcoin health in the long run. The people involved aren't the
by JohnJamesRambo 9y ago
My understanding is that it is fueled by greed and desire for short term gains at the expense of bitcoin health in the long run.
The people involved aren't the most admirable folk. For instance, this is the leader of the biggest mining company- https://twitter.com/jihanwu/status/731902686379933697?lang=en https://twitter.com/jihanwu/status/731902686379933697?lang=e...
A good contrast is that Vitalik Buterin, one of the founders of Ethereum recently said the gas fees for Ethereum are too high (they were still quite low compared to bitcoin) and the miners voluntarily just lowered the gas fees, which determine the transaction costs. It seems to be a very different community running each currency.