Bitcoin Maximalists are confused AF right now.
A Bitcoin maximalist is that person that only supports and holds Bitcoins, they also tend to look down upon other cryptocurrencies.
The problem most Maximalists are facing now is encountering that their beloved Bitcoin is going to fork soon, by the looks of it Segwit2x will be implemented and they will be facing a tough decision: A) Support a version that is not to their liking; B) Sell all their coins for dirty FIAT or C) Move on to a different chain, an ALTCOIN!!
It’s mainly this dilemma that has them fighting over what protocol to implement. Us, the altcoiners, know that we can move to a different chain if we don’t like the outcome of this crazy Bitcoin fight over Segwit and big blocks.
I don’t believe that a group of people can control us, if Jihan and Roger succeed at pushing out the Core team and implement their protocol, we can always move to another chain and it doesn’t have to be a Bitcoin Core version either, it could be Litecoin, Steem, Ether, or we could even make our token if we wanted too.
We have everything we need to safely store value and scale accordingly. Of course, I want Bitcoin to succeed, as we have seen recently if Bitcoin goes down the drain, we all go down with it. But on the tech side we don’t have to marry one technology and assume it will always be the best, that is like having an Iphone and swearing never to move to Samsung or any other phone ever in your life!
Pretty simple for me, if bitcoin has issues with this, then litecoin here I come
BIP 91 looks like it will activate, which will avoid a chain split.
Reference: https://www.reddit.com/r/Bitcoin/comments/6o0382/i_predict_an_early_activation_we_are_at_762/
I also don't understand the need to label things "maximalist", either. It seems to be as derogatory and elitist as the definition of the word itself.
If 80% of blocks signal for BIP 91 within a 56-hour period, SegWit will lock-in and a split on 1st of August will be avoided... , a hardfork to 2mb in November is then planned.
I love BTC but bought LTC today from my BTC and then found an online LTC faucet. The LTC faucet is called a miner. I am trying it now:
https://ltcminer.io/
I agree!
I love the way you show the steps you take to create the finished sketch. Your posts are like a learn to draw book @citty
Erm? There will be no fork, everybody is now supporing SegWit. Of course there's still the "2X" part but miners won't risk forking off.
I'm scared! I do not know what can happen with bitcoin!
@cardboard @chitty
Lol, chill. Just hold.
Segwit2x means segwit now hardfork to 2mb in November.... but most importantly some people feel that Bitcoin will be now controlled by corporations and miners and are stuck with the decision whether to quit Bitcoin or not.
Looking at the high correlation between all the cryptocurrencies, it seems that the market still believes that Bitcoin's success will not undermine the success of other altcoins
I doubt BTC will fork and have been buying on the recent dips thanks to the FUD.
However, one only needs to look to ethereum if BTC does fork- both " OG BTC" and "BTC2" will most likely bounce just like ETC and ETH.
Upvoted and RESTEEMED!
Don't sell its time to HOLD !!!