RE: SegNOT2x - Bitcoin Is Basically A Shit-Coin Like Bitconnect Now - (I Told You They Were Liars)
I cant disagree with you on anything you said @lexiconical - However consider this - In 2010 my 17 year old cousin comes to me with this crazy new thing he just discovered "It's called Bitcoin Dave, you have to get some bro - don't get left behind - it's the future of money".
You all have heard it before, and he was laying it on thick. I had no interest in anything that I couldn't hold in my hand, so I threw him $10 to get him out of my hair. The next day he comes back and hands me a burned CD with my name sharpied on it - and in the desk drawer it went...
Now fast forward to I think 2013 - 14, and I see on the news that Bitcoin has broken the $1000 threshold. Now picture me throwing shit against the wall out of my desk looking for that disk. There it was, at the very bottom of the bottom drawer- after 2 moves I still had it...
Since that initial sell where I made $8000 out of $10, I have baught and sold Bitcoin many times, and I believe then and now that there is no limit to where it can go. You are 100% correct in all your assertions, but the failure of the SegShit2 attempted takeover should be an indication that it will survive.
"You are 100% correct in all your assertions, but the failure of the SegShit2 attempted takeover should be an indication that it will survive."
You misunderstand what happened.
The 2x was the only "good part" of the Segwit2x deal. Now, Bitcoin is co-opted, and doesn't even get the block-size increase.
Bitcoin Cash is Bitcoin now. Bitcoin Core is a shitcoin that no longer conforms to the Satoshi Whitepaper.
It can easily go to $0 or $10,000.
I could be wrong (and am wrong often) but the way I understand the SegWit & 2x so called "upgrades" is - a majority of transactions are to be taken off the blockchain (segregated) via a "trusted" third party "The Lightning network" (witness) to increase speed and blocksize. Now this alone makes the whole concept as you stated...
IMHO (and we all know what opinions are worth) SegWit & 2x at its core (pun intended) will destroy the decentralization of Bitcoin. Nowhere in the Satoshi white paper does it say that removing transactions OFF the main chain is ok as long as... Maybe I missed that paragraph - but I don't think so.
The politics aside - my purpose in this comment was more to state that Bitcoin has reached a "critical mass" of support throughout the world, and nothing can stop it now - regardless of however many forks there are. Yes there are some serious problems and you might even see people walk away because of it. But one thing i'm relatively sure of is Bitcoin will survive - and prosper...