31–40 of 334 posts
Earlier quoted context omitted.
If you think "The Establishment" is scared of Bitcoin, I've got some bad news for you.
If they really didn't see anything in it (be it profit or wanting to get to market "first"), then there wouldn't be so many large firms investing in their own blockchain tech.
Personally it seems like smart contracts and other similar services beget an ecosystem that could swell the market cap by a significant amount, I assume miners would have a long term goal of doing just that.
As a disclaimer, I own Bitcoin, but I'm definitely a layman and I don't really have a horse in the race. What I'm most concerned is what these changes are going to accomplish when looking back 10 years from now. I'm in BTC for the long-term, and this whole thing stinks of petty bias and tribal power plays.
Bitcoin 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.
How is this different then what happened with Bitcoin XT and Bitcoin classic?
XT/Classic was a mere skirmish compared to this. On one side you have Chinese miners and one developer gunning for segwit2x because it gives them a significant advantage related to their hardware. On the other side you have the other dozen or so core developers who want a more conservative approach. As a side-effect this version levels the playing field for miners.
But I'm probably wasting my time with you, looking at your comment history you seems to be a typical pro-Blockstream troll.
Earlier quoted context omitted.
If they really didn't see anything in it (be it profit or wanting to get to market "first"), then there wouldn't be so many large firms investing in their own blockchain tech.
It's called hedging bets. That's how you become an established player.
Bitcoin 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.
With this much uncertainty, paying ~$2000 for 1 bitcoin seems insane to me. But that's why I don't invest in cryptocurrencies; too much volatility for my taste.
You can't invest in a Cryptocurrency. It's called gambling. edit: autocorrect.