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RE: Daily: What the Fork?? (Bitcoin Gold, Segwit 2x)

in #bitcoin7 years ago

Thanks Michael for your continuing explanations concerning alt.BTCs.
I will be hodling BTGold, as it is free I have nothing to lose.
I may even try Mining it in the future.
Whilst there is a lot be taken on trust, I quite liked the terms of the announcement for BTGold, specifically: ASIC resistant; Short Difficulty adjustment period; Equihash PoW and the general sentiment of the founders to be supportive towards BTC Core.
It has been very helpful of some exchanges to allow trade of BTGold whilst it still worth anything, after all, 100,000 coins at zero value is zero funds for development.
re B2X: a larger blocksize is a temporary advantage for ASIC miners, as they feel the next Halving get closer and things become even more difficult for them. A larger blocksize will have to keep getting larger to satiate the ASIC miners quest for profit.
To me, BTC with Segwit (and maybe Lightning) was already enough of a compromise. BTC doesn't need rapid transactions or general population uptake to be powerful - like we don't access the B.I.S. or the FEDs via an ATM cash machine.
If B2X comes out on top then it will be bye-bye Bitcoin, impossible to decentralise again because of control by majority miners and completely against the political and social reasons why I got into BTC.

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