On today's episode of The Cryptoverse:
Bitcoin Cash Drops A Grenade In The Middle Of Segwit2x BIP102 via a user activated hard fork. This sudden announcement means the Bitcoin network is almost guaranteed to split and I’ll explain why and what to do about it.
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So Bitcoin have its own problems, but why STEEM falling faster when?
I am not worried one bit.
This Post was Added to the Steemit Social Media Queue.
Bitcoin Cash gonnnaaaaaaa pound BTC to the floor.
followed
Hi mralan,
That's a green screen which allows me to use a difference background each day to keep things interesting. If you or anyone reading this comment would like to choose a background to feature on the show please go to http://www.stockunlimited.com and then send me the link to the background you like.
Because it is 'The Cryptoverse' it has to be somewhat spacey :)
Buy your cheap Bitcoin Cash right now. No one is going to want to pay extra for segwit transactions when they can transact on the Bitcoin Cash network for practically free.
Decentralized 8mb block size, vs centralized segwit sounds too tempting to resist.
The only question now is what will the jack boots do now that we have away around their control? Ban Bitcoin Cash?
Increased block size prevents average Joe from being able to confirm transactions on their home computer. If anything, Bitcoin Cash is a way of centralisation and continuous profitability from mining every single transaction. Segwit is off chain and commits to the chain every n transactions, saving the user lots of fees, but having the consequential knock on the mining profitability. This has nothing to do with improving Bitcoin and more to do with greed.
Bitcoin Cash is a power grab.
https://steemit.com/bitcoin/@juanplemus/the-bitcoin-cash-powergrab-play
There need not be two bitcoins for long, Chris. #BitcoinCash should prevail because it is superior AND it has built in network effect (unlike other alt-coin challengers) because everyone who holds Bitcoin holds Bitcoin Cash. I don't see any problem here.
BCC will fail miserably imo.
Bittrex statement on the bitcoin cash fork
https://steemit.com/bitcoin/@getsome3000/bittrex-on-btc-usdbcc-hard-fork
Great video. We need to be ready for this grenade, and get all the keys out of the hands of the exchanges. This might ruin a few of them, if they cannot unravel their derivatives. This might be a Black Swan for BitShares
I bet Bitcoin cash will be worthless by the end of the year.
It will be practically worthless by the end of march everyone seems to be saying they are just cashing out but there does not seem to be many to sell to
Thats what I was thinking. Who is going to be buying it?
Do you two own any BTC? If so I will buy any "worthless" BCC that you get in the fork for 10$ per token.
My opinion about the BCC - Bitcoin China:
https://steemit.com/bitcoin/@cardboard/bitcoin-segwit2x-update-war-incoming
Great video/post! Thanks hey!
I expect the price of bitcoin to fall quite a bit leading up to 1st August I have sold all my BTC and will buy back in maybe around the 2nd or 3rd with the value that bitcoin cash will end up being I feel I will profit more this way...
Time will tell I guess
Disclaimer: I am just a bot trying to be helpful.
Haha people dislike since their idea about bitcoin is more like a religion. :)
I wondered that :)
Is ViaBTC trustable? I could get verified on there so I can try to sell my BCC as soon as forks.
Also, If BCC survives. How long would it take for exchanges like polo or kraken to adopt it?
I will buy your BCC right now.
How do you propose to do that?
If we could agree on a price and a date of transfer.
But I think that waiting and selling them after fork is your best option. Or not selling them. If you look on bitcoincash.org you may see that BCC has better features than SegWit. This is a case where the talking heads reached consensus and told everyone what to think BUT the real doers and independent thinkers have the power to choose a different path... the talking heads will follow soon once they wake up to the new reality: a better Bitcoin is here. :) Peace.
Lately Ethereum has been a big problem itself.
How?
shoulda sold the ETh rock at its ath gawd
I'm on my way to listen to it rt now! Good day to you⭐️
I dont think anything will happen, miners are probably just rumors to buy more cheaper. haha I know I would. Guaranteed a dogs butthole.
Good post. Very informative and useful to readers. Got really good information. This Segwet with bitcoin is really causing a lot of anxiety with investors. Hope it's over soon. Will continue to follow post.
Learning here that the crypto world has lots of politics involved and that often comes with 'backstabbing' etc. steemit seems a vastly more clean ecosystem i hope, and want to believe. Steem as the new world currency please.
What Do you think? Hard fork is still possible?
I found out:
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@ahlawat
nice