Bitcoin kraken fork
In this case the miners come to a consensus about what transactions are valid simply by determining who is on the longest chain and accepting that as the legitimate chain and rejecting others. So what's going to happen? It is almost certain most exchanges will claim Bitcoin Cash. The media may generate the meme that Bitcoin's supply just doubled. The recent surge in interest in getting Bitcoin before the fork to get Bitcoin Cash will stop.
Segwit may be great, but may not help ease transaction loads much until the expected hard fork in November. That may be a huge relief to the Bitcoin community.
Will that be enough? I don't think so, but I'll change my tune if Bitcoin breaks all-time highs with some good strength. When you have two communities with a strong passion behind different visions, both systems are better off separate.
That's part of the power of decentralization. In the short term the network effect may take a hit, but there will be more clarity of exactly what Bitcoin is and in the long run that's positive.
We'll also likely include a pre-recorded presentation about Bitcoin from Jian at the x Blockchain Investors Summit online webinar I'm organizing. Feel free to use coupon code: I agree that's the BIG question.
I think if Bitcoin Cash prices go up and people realize how much value they could have gotten, there's going to be great pressure on Coinbase to give users Bitcoin Cash. I bet a supermajority of Bitcoin users on Coinbase aren't paying attention.. When that does it's possible Coinbase will have to relent.
That's big money and potential for lawsuits. Just wanted to point out steemit has had at least 16 forks as documented in the white paper, and possibly up to 19 from what I've heard most recently. And we all obviously love steemit so there is no need to fear, nothing to see here really as far as "the fork" goes lol. Yeah I agree that forks are not all that bad for most systems, but for Bitcoin it's probably better to minimize forks because it's seen as the most secure system.
Less change is better and backwards compatibility is important. Bitcoin is currently too slow and too expensive for general use. The plans presented do little to alleviate those issues. Those folks who promoted Segwit did so on behalf of vested interests which failed to correct the outstanding issues. So bravo to the BTCC folks. Roger Ver, Tone Veys and the rest of the pompous indispensibles can do as they please.
BTC served it's purpose of acclaimating the public to the concept of crypto currency. Now, it's time to put it out to pasture and let the innovators take over. BTC price will be five or six figures over the next several years, but the big profits will be with the alt coin innovators, or possibly even a new coin still in the barroom napkin stage! Hey steemrollin I haven't seen much of you around lately. Hope your doing well and I haven't missed to much of your content.
Great to see you keeping us up to date with the bitcoin developments. I'll be interested in what the price of BTC is in the few days! It is almost certain most exchanges will claim Bitcoin Cash. The media may generate the meme that Bitcoin's supply just doubled. The recent surge in interest in getting Bitcoin before the fork to get Bitcoin Cash will stop.
Segwit may be great, but may not help ease transaction loads much until the expected hard fork in November. That may be a huge relief to the Bitcoin community. Will that be enough? I don't think so, but I'll change my tune if Bitcoin breaks all-time highs with some good strength. When you have two communities with a strong passion behind different visions, both systems are better off separate.
That's part of the power of decentralization. In the short term the network effect may take a hit, but there will be more clarity of exactly what Bitcoin is and in the long run that's positive. We'll also likely include a pre-recorded presentation about Bitcoin from Jian at the x Blockchain Investors Summit online webinar I'm organizing. Feel free to use coupon code: I agree that's the BIG question. I think if Bitcoin Cash prices go up and people realize how much value they could have gotten, there's going to be great pressure on Coinbase to give users Bitcoin Cash.
I bet a supermajority of Bitcoin users on Coinbase aren't paying attention.. When that does it's possible Coinbase will have to relent.
That's big money and potential for lawsuits. Just wanted to point out steemit has had at least 16 forks as documented in the white paper, and possibly up to 19 from what I've heard most recently. And we all obviously love steemit so there is no need to fear, nothing to see here really as far as "the fork" goes lol.
Yeah I agree that forks are not all that bad for most systems, but for Bitcoin it's probably better to minimize forks because it's seen as the most secure system. Less change is better and backwards compatibility is important. Bitcoin is currently too slow and too expensive for general use.
The plans presented do little to alleviate those issues. Those folks who promoted Segwit did so on behalf of vested interests which failed to correct the outstanding issues. So bravo to the BTCC folks.
Roger Ver, Tone Veys and the rest of the pompous indispensibles can do as they please. BTC served it's purpose of acclaimating the public to the concept of crypto currency. Now, it's time to put it out to pasture and let the innovators take over. BTC price will be five or six figures over the next several years, but the big profits will be with the alt coin innovators, or possibly even a new coin still in the barroom napkin stage!
Hey steemrollin I haven't seen much of you around lately. Hope your doing well and I haven't missed to much of your content. Great to see you keeping us up to date with the bitcoin developments. I'll be interested in what the price of BTC is in the few days!
I just hope everything doesn't correct to much after this spike. I am impressed with you..