The Fork is Almost Over, or IS IT???
I won't bore you with the technical details, but if you are interested in them, you could read all about the Segwit Roadmap for Bitcoin Here. For now, in about an hour's time or so, the event that caused Bitcoin to fork will take effect after Block 481,824. This controversial soft fork is phase 1 of 2, with the second part yet to come in Novemeber of this year.
If all goes well, we should get a nice bump in price for Bitcoin after this change. I imagine there will be a "holding of the breath" period until there is the collective sigh of relief when everything shows to be working properly. At this point, hopefully the price of Bitcoin will climb.
We should also see a decline in Bitcoin Mining Difficulty by a small amount. From what I can tell, we should see a 3- 4% reduction from the current difficulty. Albeit small, this should help all Bitcoin miners with ROI, and could possibly drive more miners away from mining Bitcoin Cash, and back to Bitcoin.
The Saga continues for several more months.
To Bitmain, their owners, associates and other partners, I believe you sold yourselves short by creating Bitcoin Cash, even after agreeing not to. I believe your moves to be subversive, even to your own interests. Bitcoin would most likely have been over $5000 or even $6000 all by itself. This division has splintered the Bitcoin momentum, created factions amongst all Bitcoin supporters (from devs, miners and users), and worst of all created an air of uncertainty for the Bitcoin Network. This breakdown in Bitcoin support for the different versions has allowed the Alt-coin Market to BOOM, while taking big part of Bitcoin's Steem (excuse my pun, just had to throw it there).
Thoughts?? Comments?? Questions?? Suggestions??
Full Steem Ahead!
08/23/2017
@streetstyle
So You Want To Mine
Code " rT5ix8 " =3% off + Bonus in STEEM!
I provide the bonus STEEM
Great post!
This post received a 1.5% upvote from @randowhale thanks to @rtdcs! For more information, click here!
Happy Bitcoin Segwit day!
I'm literally all in for this ride!
Ethereum will run over bitcoin when hype is over
The thing is they are two completely different animals. Bitcoin was conceived for one thing. Currency, with lower fees and better security. Ethereum is a machine. We have just given it value by using it. While Ether may pass bitcoin at some point in value, ether will never replace bitcoin, just like bitshares/waves wont replace ether.
Well the BTC fees suck...
A quantum proof coin with zero fees will be what overtakes it.
Agreed. lets make one. lol
I just now readed your content.It's excellent content .
This post received a 😊😊 45.6% upvote from @srtechtube
thanks to @streetstyle! ,
click here! for more
Awesome post and content. Thank you. 😀
I have all my money on bitcoin right now too, I expect a nice run up soon, maybe break 5k?? Great post !
It's good news that btc price will go up. Thanks for sharing.
When Litecoin activated Segwit the price incresead 10x...!!!! Lets see what happens to BTC!!!
Upvoted and RESTEEMED :]
I love bit coin but personally I never put all my eggs in one basket. I am completely diversified
and wisely so @audreybertens
Thanks for the information. I have been trying to keep my eye on the changes coming up. I'll keep watching for updates.
Thanks for sharing!!! Here is a gif that I made for the Segwit countdown, I hope you enjoy!... https://steemit.com/bitcoin/@cryptophasia/segwit-is-activate
This post received a 4.1% upvote from @randowhale thanks to @streetstyle! For more information, click here!
Ethereum will run over bitcoin when this hype is over
Ripple will run over bitcoin when hype is over
Nice post
so can we expect blazing fast speeds ;)
This post has been ranked within the top 80 most undervalued posts in the first half of Aug 24. We estimate that this post is undervalued by $12.30 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Aug 24 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
you are great sir you always post informative post
I believe in Sept. it will be for Ethereum, and then in November it will be Bitcoin's turn again. Hopefully Not Another coin comes out of this @barca