Bitcoin Is Having a Civil War as It Enters a Critical Month
1–10 of 334 posts
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#2TL;DR: Bitcoin is popping, and Ethereum is going to be the new bubble.
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#3TL;DR: Bitcoin is popping, and Ethereum is going to be the new bubble.
Not really. It's explaining the dynamics around the possible hard. Who wants what & why they want it. It's the most concise overview I've seen.
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#4TL;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.
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#5Already discussed a few days ago on HN https://news.ycombinator.com/item?id=14758587
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#6How is this different then what happened with Bitcoin XT and Bitcoin classic?
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#7Standard. This is what bitcoin leaders do.
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#8Not 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/bitcoins-segwit2x-scaling-proposal-c...
https://medium.com/@jimmysong/segwit2x-what-you-need-to-know...
https://bitcoinmagazine.com/articles/major-exchanges-will-co...
https://bitcoinmagazine.com/articles/countdown-segwit-these-...
https://news.ycombinator.com/item?id=14758587
https://www.reddit.com/r/sound8bits/comments/5xre70/the_orig...
https://www.reddit.com/r/Bitcoin/comments/6mz19j/potential_n...
https://www.reddit.com/r/Bitcoin/comments/6mgecw/frankensegw...
https://bitcoinmagazine.com/articles/bitcoin-unlimited-miner... or https://medium.com/@WhalePanda/verified-chatlogs-why-jihan-a...
how about some peer review yo, https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017... and https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017...
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#9Not 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 transaction serialization format.
This should result in an immediate transaction capacity increase of at least ~3x. On top of this, the new transaction serialization format allows for technologies such as the in-progress "lightning network", which allows for very very substantial transaction volume off-blockchain. (Think on the order of thousands of times higher volume at the very least. Probably on the order of millions is attainable.)
Re: Bitcoin Is Having a Civil War as It Enters a Critical Month
#10[deleted]