If I wanted to grab an altcoin like Nxt/Ardor -- would it be safer to buy bitcoin now, or wait till Segwit when it could become cheaper? Nxt/Ardor and all crypto's are downward spiral now--because of the bitcoin split coming, so I feel now's a buyers paradise.. and Nxt/Ardor chains look very promising from a tech standpoint.
Bitcoin Is Having a Civil War as It Enters a Critical Month
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Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#12I was a bit surprised by the crash, I would have sold and buyed back cheeper. But I thought the information was already in the price. I could imagine someone tried to make it crash hard by selling a lot and creating a panic, and failed.
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#13How is this different then what happened with Bitcoin XT and Bitcoin classic?
Segwit2x has the hash power to end this.
Also, with XT there wasn't really n alternative scaling solution to a blocksize increase, as far as I know. This time we have SegWit as an alternative and with the threat of UASF, the community is being forced to compromise on SegWit + a 2MB hardfork.
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#14Bitcoin continues to evolve. With that comes growing pains. And internal struggles as it is mostly an open source project.
But for Bloomberg to use a 'civil war' hyperbole signals fear from the establishment. Established capital more specifically. And really, that is bitcoin's biggest threat.
Disclosure: I own bitcoin.
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#15Bitcoin continues to evolve. With that comes growing pains. And internal struggles as it is mostly an open source project. But for Bloomberg to use a 'civil war' hyperbole signals fear from the establishment. Established capital more specifically. And really, that is bitcoin's biggest threat. Disclosure: I own bitcoin.
I think you're reading too much into it. It's clickbait.
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#16The days are counting down to the "Segwit2X" rollout, the idea supported in the "New York Agreement" (NYA)[0].
There is a contingency plan in place should the Core-supported User Activated Soft Fork become activated.[1]
Segwit2X has working code, has been tested in beta, and is now in RC.[2]
Without commenting on the merits of the different approaches, the current situation is thrilling to watch as a spectator. To call it a "Civil War" is not an exaggeration.
[0] https://medium.com/@DCGco/bitcoin-scaling-agreement-at-conse...
[1] https://blog.bitmain.com/en/uahf-contingency-plan-uasf-bip14...
[2] https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x...
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#17Bitcoin continues to evolve. With that comes growing pains. And internal struggles as it is mostly an open source project. But for Bloomberg to use a 'civil war' hyperbole signals fear from the establishment. Established capital more specifically. And really, that is bitcoin's biggest threat. Disclosure: I own bitcoin.
If you think "The Establishment" is scared of Bitcoin, I've got some bad news for you.
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#18Not really a "civil war"-- basically, bitcoin will keep working, even without the segwit upgrade if it gets delayed another year or two, and there might be some new altcoins that could be spun off from the current bitcoin, and there might be some brand confusion for a while as people wonder whether something incompatible with the bitcoin network is still bitcoin. Here is some background: http://www.coindesk.com/bitco…
To be specific, fully 88%(!) of miners are actively signaling support for the upgrade plan known as "segwit2x".[1] The contention was between whether Bitcoin should scale via block growth or via a different transaction serialization format that allowed for more transactions and also opens the door for certain forms of off-chain transaction. Segwit2x does both: it doubles the block size, and introduces the new transac…
> To be specific, fully 88%(!) of miners are actively signaling support for the upgrade plan known as "segwit2x".[1]
Unfortunately, signaling is more like a bumper sticker you slap on your blocks. The rules you deploy and actively use don't really have to conform to what values you place in the blockheader. It's supposedly a way to communicate your intentions regarding your future enforcement of certain rules...
https://www.reddit.com/r/Bitcoin/comments/6ns1o6/antpool_jus...
https://www.reddit.com/r/Bitcoin/comments/6ntfhd/superb_segw...
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#19The days are counting down to the "Segwit2X" rollout, the idea supported in the "New York Agreement" (NYA)[0]. There is a contingency plan in place should the Core-supported User Activated Soft Fork become activated.[1] Segwit2X has working code, has been tested in beta, and is now in RC.[2] Without commenting on the merits of the different approaches, the current situation is thrilling to watch as a spectator. To ca…
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Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#20TL;DR: Bitcoin is popping, and Ethereum is going to be the new bubble.
Ethereum already went bubble and popped. Maybe it'll go again though. I personally got out @2600 and am probably done with cryptos for a while. Was a good 3 year hold and appreciate though.
You mean you didn't hold for 1 million a coin. :)