Mike Hearn Quitting is good for China

16 בינו׳ 2016

The proposed changes to be made by Mike Hearn, that of a block size increase would hurt the operation of Chinese miners and investors as their firewall would slow mining and limit capacity . As Hearn has quit the dev team thats left is more likely to respect the wishes of the China markets and miners. As such it could be expected that this so called breakdown of the fundamentals will be seen as a strengthening of fundamentals in China.