why is everyone so scared of a split? Segwit2x solution
Hey guys
What a crazy week it has been already! The markets have been bleeding and confusion and panic has begun.
Although this may be a scary time to be investing or holding bitcoin, I believe segwit will be implemented smoothly in to the network, just like it did for Litecoin.
>July 21 —" Segwit2x is due to be released and presumably all participants to the New York Agreement will run it. The miners currently signaling “NYA” in their coinbase transactions, or about 86% of the last 24 hours’ worth of blocks, are a good estimate of blocks that will mine using Segwit2x.
July 23 — BIP91 should lock in (requires 80% of 336 blocks to signal)
July 26 — BIP91 should activate. At this point, all blocks are required to signal for Segwit (BIP141) or they will be orphaned off the network.
Around July 26–27 — This is also around when we can expect a new difficulty adjustment period to begin."<
According to the stats and ignoring the massive amounts of fud, this should be a good thing for bitcoin and the entire altcoin market moving forward. The upsides far outweigh the downsides and the potential for more growth in the market is huge!
Thanks for the post. I agree segwit will be a good thing but it's not written anywhere it will be used @bitcoin. Big losses but for me great time to get my first steem. Happy
I am not sure that Segwit is the real solution but perhaps we should just wait and see what happens. It could be more about politics and FUD than real issues. Miners and users will have a choice if Bitcoin forks.