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.
Segwit2x Bitcoin Fork Suspended
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Re: Segwit2x Bitcoin Fork Suspended
#82The idea of “consensus” in the bitcoin network is interesting to me. The code expresses “consensus” mathematically, and there exists a binary truth of whether a consensus has been “reached.” That’s simple and straightforward. It’s easy to reason about what happens once a consensus has been tautologically reached. However, answering the question of “do we have a consensus yet?” is far less precise. Answering “what com…
Tezos is trying to build more sophisticated on-chain governance mechanisms. https://www.tezos.com/governance oh whoops https://www.coindesk.com/tezos-founders-sued-securities-frau...
Re: Segwit2x Bitcoin Fork Suspended
#83Earlier quoted context omitted.
Doesn't Ethereum have its own problems right now?
Not ethereum, but one of the contracts written on top of it had a bug that some newbie triggered by mistake and locked something like $160M worth of moneys.
When one of the most popular semi-complex smart contracts fails not once but twice in a matter of months (losing hundreds of millions USD in the process), it is time to look not at the newbie or the contract programmer, but the platform itself.
Re: Segwit2x Bitcoin Fork Suspended
#84Earlier quoted context omitted.
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.
The speculation prior was the the fork was driving people to buy BTC - hence the expectation of a correction.
Re: Segwit2x Bitcoin Fork Suspended
#85So 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.
Trying to explain Bitcoin price movements is a futile exercise.
Re: Segwit2x Bitcoin Fork Suspended
#86So 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.
I guess people say all kinds of things, but I don't recall anyone arguing that Bitcoin was going up because of the impending fork. It certainly wasn't the conventional wisdom.
Re: Segwit2x Bitcoin Fork Suspended
#87Re: Segwit2x Bitcoin Fork Suspended
#88Earlier quoted context omitted.
Doesn't Ethereum have its own problems right now?
Not ethereum, but one of the contracts written on top of it had a bug that some newbie triggered by mistake and locked something like $160M worth of moneys.
Re: Segwit2x Bitcoin Fork Suspended
#89Earlier quoted context omitted.
> This is because it is more important what is in the message than who wrote it. not in this instance
> not in this instance not really. why does it matter that this message is authentic? that 2x _really_ isn't going to happen? it can still happen, and it doesn't matter who posts what online.
Re: Segwit2x Bitcoin Fork Suspended
#90So... this should probably mean a deep dive for btc price then, right?