WTF? Bitcoin Cash Drops A 💥Grenade In The Middle Of Segwit2x BIP102 via UASF UAHF (The Cryptoverse)
On today's episode of The Cryptoverse:
Bitcoin Cash Drops A Grenade In The Middle Of Segwit2x BIP102 via a user activated hard fork. This sudden announcement means the Bitcoin network is almost guaranteed to split and I’ll explain why and what to do about it.
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So Bitcoin have its own problems, but why STEEM falling faster when?
I am not worried one bit.
This Post was Added to the Steemit Social Media Queue.
Now Bitcoin is set to fork the 1st of October? If there is a constant threat of a fork and exchange lockdowns won't this bring down the usability of Bitcoin? By the way marketingmonk, I like your background. It's very sharp. Is that a greenscreen or backdrop?
You speak of the "garunteed bitcoin fork August 1st" that the group posted saying it would split off into Bitcoin Cash.
So many groups trying to split up Bitcoin. Everyone's trying to get the most control in the event of a split. It seems like the groups are taking intense actions and being viscous in their attempts to be the new split off of Bitcoin.
http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!
followed
Hi mralan,
That's a green screen which allows me to use a difference background each day to keep things interesting. If you or anyone reading this comment would like to choose a background to feature on the show please go to http://www.stockunlimited.com and then send me the link to the background you like.
Because it is 'The Cryptoverse' it has to be somewhat spacey :)
Bitcoin Cash gonnnaaaaaaa pound BTC to the floor.
Buy your cheap Bitcoin Cash right now. No one is going to want to pay extra for segwit transactions when they can transact on the Bitcoin Cash network for practically free.
Decentralized 8mb block size, vs centralized segwit sounds too tempting to resist.
The only question now is what will the jack boots do now that we have away around their control? Ban Bitcoin Cash?
Increased block size prevents average Joe from being able to confirm transactions on their home computer. If anything, Bitcoin Cash is a way of centralisation and continuous profitability from mining every single transaction. Segwit is off chain and commits to the chain every n transactions, saving the user lots of fees, but having the consequential knock on the mining profitability. This has nothing to do with improving Bitcoin and more to do with greed.
Bitcoin Cash is a power grab.
https://steemit.com/bitcoin/@juanplemus/the-bitcoin-cash-powergrab-play
There need not be two bitcoins for long, Chris. #BitcoinCash should prevail because it is superior AND it has built in network effect (unlike other alt-coin challengers) because everyone who holds Bitcoin holds Bitcoin Cash. I don't see any problem here.
BCC will fail miserably imo.
Bittrex statement on the bitcoin cash fork
https://steemit.com/bitcoin/@getsome3000/bittrex-on-btc-usdbcc-hard-fork
Great video. We need to be ready for this grenade, and get all the keys out of the hands of the exchanges. This might ruin a few of them, if they cannot unravel their derivatives. This might be a Black Swan for BitShares
I bet Bitcoin cash will be worthless by the end of the year.
It will be practically worthless by the end of march everyone seems to be saying they are just cashing out but there does not seem to be many to sell to
Thats what I was thinking. Who is going to be buying it?
Do you two own any BTC? If so I will buy any "worthless" BCC that you get in the fork for 10$ per token.
My opinion about the BCC - Bitcoin China:
https://steemit.com/bitcoin/@cardboard/bitcoin-segwit2x-update-war-incoming
Great video/post! Thanks hey!