Ginger Samurai Presents: The Dreaded S Word Debate! What does it mean for us? (Segwit2x for newbies)
OH NO...
Thats right, Its time to address the elephant in the room!
Its that time folks! As I navigate this platform with all of you wonderful people, I strive to bring only the pertinent BS you all have been waiting for! Straight to your doorstep... Well, your computer screen!
With the Aug 1 2017 SegWit2x/BIP148 date looming over us all, I want to give my insight and understanding on this topic.
Call it SegWit2X for Newbies!
Possible Outcomes/ Impacts!
- Segwit2x is adopted by miners and the core as a whole, and the Bitcoin Block remains intact and continues as normal, (hopefully faster) with changes implemented.
- August 1st rolls around, Segwit2x has not been adopted, and BIP148 goes into effect, Possibly splitting the blockchain into two factions, Making the future of Bitcoin and cryptocurrency to be determined.
Below are some articles that I found very helpful as resources to understand Segwit2x!
- http://www.coindesk.com/explainer-what-is-segwit2x-and-what-does-it-mean-for-bitcoin/
- https://www.bloomberg.com/news/articles/2017-07-10/bitcoin-risks-splintering-as-civil-war-enters-critical-month
- https://techcentral.co.za/looming-split-fracture-bitcoin/75596/
"For the Steemians, By the Steemians!"
"United we stand Steemians!"
(ALL DISCUSSIONS AND ADVICE ARE MERELY MY OPINION/UNDERSTANDING OF THE TOPIC AT HAND, I AM NOT TELLING YOU WHAT TO DO. THIS IS MERELY MY ATTEMPT TO HELP ANYONE WHO WANTS A BASIC UNDERSTANDING OF SEGWIT2x/BIP148)
We are going places...
Amen my dude, we most definitely are!
Awesome post ! Loved your united we stand Dude ! Upped and resteemed ! Haha ! Thanks for resteeming my 1500 followers post its much appreciated !
keep up the great work !👍👍👍
Thank you so much @karenmckersie ! I hope it will help those to understand the basics! As a new person in the crypto-world, I know its very overwhelming when the whole "tech talk" begins. Thanks again for the resteem and upvote! you rock! I have something big I have been working on and will be posting it soon! Stay tuned and Steem on! <3👍👍
that's awesome ! Will have to check it out ! I still don't understand crypto ! I just sell steem haha !! 👍👍👍
I didn't know any of this, I heard that a bunch of other coins are using the BTC blockchain to store data, if that is true is that contributing to the bottleneck?
Hey thanks for the upvote brochacho! I am not sure on that one, If that is true then I imagine it has to be adding to the bottleneck. I will look into it and see if I can find anything about that! I'll slide all up in your discord dm's when I find something haha!
This post has received a 1.62 % upvote from @booster thanks to: @banjo.