Segwit2x Prospects are Looking Better than I Thought - & Bitcoin Gold Fork Tomorrow!

What, Why, How

Back in late August I wrote a summary of bitcoin's changes. Now I'm following up to a resteem I agreed with from lexiconical that Segwit2X would have a hard time passing.

Unexpectedly and hopefully we were both wrong as the prospects are pretty in favor of the 2MB increase; though we're still risking a hard fork it's less likely than before. If it did hard fork we'd be in for the third hardfork of the year following Bitcoin Cash and recently created Bitcoin Gold.

There is 85 to 90% consensus of the miners so we may actually come out of this mess unscathed by another hardfork and at the same time increasing the capacity of the bitcoin network for future use which will give a sigh of relief to the worriers and increased adoption. Expect even more wall street investing money if this goes well. Though we're likely due for a correction, especially if there's a hitch with segwit2x. Though with the Bitcoin Cash hard fork, we saw value of holdings only increase even with the dilution.

With Bitcoin transaction fees back up in the dollars (like i predicted though even quicker than I thought) we can sure use anothe immediate scaling boost to keep the current rally and adoption increase strong.

When

Segwit2X activation Countdown estimates in 22 days which is around late November 15th.

Bitcoin Gold is set to launch this very night. EDIT: launched yesterday, see notes at end

Bitcoin Cash I just found out is forking itself already on November 13...wow. It's like we don't have to buy alt-coins anymore we just get them for free now!

Bitcoin Gold might also be cool?

Though I barely know about it, it apparently uses a new hashing algorithm to revive good 'ol GPU mining. They call it "equihash" which is what Zcash has been using. Gold in this way would respark the computer nerds into mining what is (close but no cigar) to the regular bitcoin. Though with all the forks and derivatives it is weird and confusing for someone who doesn't understand alt coins and naming conventions of cryptocurrencies; namely that bitcoin cash, gold or any future derivative will have NO direct relation to the main bitcoin as a currencly and blockchain. Unless we bring in side-chains which will really complicate the matter further. But most people don't need to know how their computer runs under the hood to want one and reap the benefits of the new technology.

Thanks @lukedaniel I was inspired to write this from his excellent @crushthestreet article on Bitcoin Hard Forks.. Read his it may be a better summary than mine. In fact I learned in the article there were bitcoin derivatives I hadn't heard of called 'bitcoin plus' and 'bitcoin dark'.

Good luck to all. I consider myself an expert yet it's becoming increasingly hard to keep track of bitcoin's changes in development. Hell, I just learned how to separate and move my bitcoin cash around recently. Going to try to claim my free bitcoin gold soon here.

P.S. Now Bitcoin Cash is planning to fork itself. Good grief.

EDIT Sorry had to fix a mistake. Bitcoin Gold has already launched