Counter-argument to holding BTC for Segwit2X/Bitcoin Gold Dividends

in #steem7 years ago

Here is a chart for anticipated return on holding Bitcoin for the upcoming months,
October 25th - which is the date of these hardforks.

Holding BTC:

Segwit2X: I expect it to return 3% of current btc value (I.E. BTC 4500,Segwit2X = 200 dollars)
Bitcoin Gold: I expect it to return 1-2% of btc value (I.E. BTC 4500, Bitcoin Gold = 90 dollars)

<1 BTC: Not worth to receive dividends

5 BTC: Depending on your country and income, dividend becomes more useful here.
25 BTC: Consider holding for dividends. But consider diversifying half to Ethereum
100 BTC: Dividend reward will be worth.

Rational Argument for BCH value:

Bitcoin Cash was unique and valuable because it is a continuation of Satoshi's whitepaper. Bitcoin is defined as a "chain of digital signatures"
It's important to realize that BTC as it currently is with Segwit, has removed the digital signatures from the transaction block.

Bitcoin Cash still preserves these digital signatures in the block transaction and therefore is the "true" bitcoin in the vision of Satoshi Nakamoto.

In addition, the blocksize of BCH will go from 1MB->2MB->4MB->6MB->12MB organically as the network demands, while leaving digital signatures in place.

However, BTC segwit appears to be working well also, not necessarily a problem to have both since the original is preserved in Bitcoin Cash

If you received BCH hardfork, I recommend you hold and never sell, as it has value.

Rational Argument for Bitcoin Gold, Segwit 2X lack of value:

Bitcoin Gold: aims to enable bitcoin mining on GPU units, which is an admirable goal as it will open the gates for a more decentralized mining process.

Fatal flaw: The creator has premined approx. 1.5mil units of Bitcoin Gold. I will never get behind a premine coin.

As such it has low value.

Segwit 2X: Aims to increase the blocksize to 2MB while keeping the digital signatures removed from the block transaction.

Fatal flaw: has very poor consensus support, will have little hash rate to support the network, and it's benefits could be implemented into bitcoin
realized in either the current iteration of BTC segwit or BCH.

As such is has low value.

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Good article but the reality is the miners have signaled support for Segwit2x which is in accordance to the New York Agreement. On gameday Segwit2x will be Bitcoin.

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