Bitcoin Developers Need To Start Making Moves NOW
*Image pulled from cointelegraph.com
One of the worst things for any company or technology in this day and age is to be SLOW. This is exactly what bitcoin is now facing and more so then ever. These next two weeks are going to be seriously rough in terms of the future of bitcoin.
Miners are becoming angry by the inability of any bitcoin core developers to release anything that helps improve the system and its now known flaws. Because of this we first saw Segwit, then bitcoin cash and soon segwitx2 as miners get more and more frustrated by the inactivity of these developers.
In just the last 4 days bitcoins hashrate has dropped over 50% (while I like to say thank you my genesis mining is about to pay out a ton more lol which by the way you can use coupon code SQNKFT and get 3% off your next order)
*Screenshot pulled from https://blockchain.info/charts/hash-rate
With Bitcoin cash having lower fees and higher mining rewards now then bitcoin more miners are leaving and moving over there. With Segwitx2 pushing out here in the next few weeks and another possible hard fork bitcoin developers have to release a plan to the public and start moving on it less everything bitcoin has strive for honestly will come crashing down this year. This is my plead call to bitcoin developers to get their **** together and get a plan in action RIGHT NOW!
so if price consolidated between 5k and 3k for a year probably better to mine than buy.
Don't you worry my friend. The difficulty will self adjust on both chains, this is only temporary.
Take a look at my analysis here: https://steemit.com/bitcoin/@cryptoeagle/why-betting-on-bitcoin-cash-is-a-really-bad-idea-right-now
It's already happening:
Im kind of glad I get nearly double the bitcoin now from my mining and it still valued at about $4,200 just doubled my profits overnight? lol
I'm with you on that. Just hope Genesis Mining can get the kinks sorted out and schedule daily payments again soon. No doubt they will. Still not touching bitcoin cash. Yes, it has trade value, but I haven't trusted it since the over-hyped, last-minute UAHF announcement. Time will tell I guess.
Don't worry, remember Bitcoin Cash is a FORK of Bitcoin. If the majority chain dies, Bitcoin doesn't die, Bitcoin Cash BECOMES Bitcoin.
The upcoming split and drama with Segwit-Bitcoin seems really messy. Come on over to Bitcoin Cash, the water is just fine over here.
I am really pulling hard for BCH. I want to see them tackle scaling ASAP though. Bigger blocks was the only sensible short term solution with a proven record IMO. Now we need to see scaling in a real sense.
If BCH cannot make that happen, then they will lose the arms race with other coins and technologies that are much faster and cheaper. IOTA being the one I am most interested in.
In any case, the market is speaking! I love it. Now let's just keep the government out of our business.
Thank you for the post.
Look at this please 😉👌https://steemit.com/crypto-news/@inversor/stock-markets-analyst-projects-bitcoin-to-hit-usd7-500
Lol don't lose it all in cloud mining
This post has received a 0.78 % upvote from @drotto thanks to: @banjo.
i want steem to be on top of the chart... above bitcoin....
upvoted...!!!
Great post! I hope they do as well.
Thanks for sharing. Interisting one