Great explanation, and thanks for that. I basically bailed on Bitcoin a few weeks back and parked on the sidelines... willing to assume that risk in either direction.
The thing that remains a little ambiguous to me is IF there is a split, how will that work with the 1000's of merchants who have a "Bitcoin accepted here" shingle hanging in their windows? Will they all have to totally redo what they accept? And "revalue" what they are charging? We were going to start accepting bitcoin at our small art gallery... but thankfully, didn't get anything finalized on that, before all the uncertainty set in. But still curious... any thoughts?