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RE: Bitcoin SegWit2x Update: War Incoming?
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