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RE: Bitcoin SegWit2x Update: War Incoming?
"coping"
I think you mean copying here. One of those important typos.
I think derogatorily calling it Bitcoin China is not helping your case. Bitcoin Cash is the literal vision of the whitepaper. It's the only real Bitcoin now, technically, although it remains to be seen if that will matter to the market.
Thank you, fixed. If you're talking about the whitepaper, it would be good to quote the larger part of it, without words out of context. Hopefully I'll find time to do this:) On a side note, I wonder if Satoshi predicted the China centralizing Bitcoin mining operations...
I have to admit, I suspect Satoshi did not predict that at all. He may have known nothing about the subsidized electricity options there, which would have been a key piece of information. Otherwise, the only reason to guess China would be population.
Here's a post I wrote highlighting why SegWit is basically anti-Bitcoin, although the market may yet prefer it anyway. However, I did hear Bitcoin Cash had traded up to $900 on an exchange in advance of availability:
https://steemit.com/bitcoin/@lexiconical/seg-wit-is-a-trojan-horse-bitcoin-scaling-debate-explained
Thank you for the link, I'll be happy to read it.
As for the $900 - China has tons of cash that is just looking for investing opportunities. Imagine that your country has 70%+ of hashpower and is releasing its own version of Bitcoin. Wouldn't you switch?
I don't consider BTC Cash "China's version of Bitcoin". It's the original, white paper bitcoin. SegWit BTC is the trojan horse.
Thank you for the comment although I don't agree :) Craig Wright released a whitepaper stating the same and than it turned out he made so many mistakes that it's not worth anything :(
BTC Cash are using the FUD around August 1 to promote an launch their coin. This in an of itself is a red flag (no pun intended). If it was a better option they should let it stand on its own merits and not use this rushed launch window that damages the cryptocurrency community as a whole.
https://steemit.com/bitcoin/@juanplemus/the-bitcoin-cash-powergrab-play