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Bitcoin fundamentally attracts people who assume existing markets are run in bad faith. It's why there's so much propaganda attacking "fiat currency," and presenting Bitcoin as some kind of ethical imperative.
Most bitcoin people I've met are very much in favor of everything free market, it's the goverments / central banks they don't trust.
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I checked coinbase expected exactly that, thinking "oh man, I'm glad I didn't sell my eth a month ago to buy into bc trying to capture free altcoins like others did and like I considered doing, it'll be down like 10% at least" but it... shot up about 10% instead. I don't get it.
Having too many forks makes it confusing for newcomers (and even hedge funds). So naturally avoiding a fork and keeping the community together is good for Bitcoin, which made the price go up.
Looking whats happening on Ethenerum, those who knew in advance already made fortune. Funny we don't have SEC actually able to look into these. Amazing times.
So bitcoin went up because they were going to fork, and now it's going up again because they will not? k Edit: Otoh, looks like it's seeing a bit of a drop now, but I doubt it will hit the pre-anticipation levels.
Altcoins are surging at the moment, so I believe that lends some credence to the first group being people trying to move into BTC to get more free coin.
Considering the history of spoofed messages aimed at manipulating the market, they should have cryptographically signed the message That said - if this is true, they've done the difficult but right thing.
It is my understanding that signed messages are generally frowned upon in the Bitcoin community, Satoshi never signed his messages. This is because it is more important what is in the message than who wrote it.
> it is more important what is in the message than who wrote it.
That statement actually favors the signing of this textual message, since digital signatures provide integrity control in addition to non-repudiation of origin.
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Which way would spoofing this message send the market?
Some people were waiting for the "free money" to come so they could buy "alt coins". Some will be happy to see BTC unchallenged. Price will be a balance of both.
After the announcement, the price dropped to $1, and has since rebounded to $200.
Maybe the $1000 BT2 price wasn't really a bet on free money, but on the prospect that BT2 might replace BTC.
If the expectation was that post-fork BTC + BT2 ~= today's BTC, that means that today's BTC price was depressed by this possibility.
Now that BT2 is cancelled, the value flows back to BTC.
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What’s your opposition to SegWit?
I can't speak for the user thefalcon you replied to, but most opposition as I understand it comes from the fact that segregated witness makes things more likely to rely on centralized infrastructure, departing from the original vision of bitcoin as a decentralized system that can't be controlled by entities like governments and banks.
elaborate?
So bitcoin went up because they were going to fork, and now it's going up again because they will not? k Edit: Otoh, looks like it's seeing a bit of a drop now, but I doubt it will hit the pre-anticipation levels.
to the mooooooon
So bitcoin went up because they were going to fork, and now it's going up again because they will not? k Edit: Otoh, looks like it's seeing a bit of a drop now, but I doubt it will hit the pre-anticipation levels.