WATCH THIS VIDEO: How Segwit Could Disrupt Bitcoin / Bitcoin Cash Causing Black Swan Event?
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►@modprobe's Article:
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Bitcoin - and Blockstream Banksters
It's simple , if one chain cannot accommodate some users, the other chain will.
Very interesting times... as always with crypto
A segwit block isn't a bitcoin block.
100% Agree
Crypt0, you always have the best news. I tune in every single day. I have a lot of questions on what will happen when Segwit hits or "forks". Will a new Bitcoin be created again? Watching your latest video right now!
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Sometimes it feels like it's safer to just sit on altcoins and let all the different Bitcoins battle it out in the meantime
Omar, or Ellie, Made a post on why I was buying Bitcoin Cash 13 days ago. I hope you read it I'm not trying to spam both posts. Hope you read it.
https://steemit.com/cryptocurrency/@ertwro/why-i-m-buying-bitcoin-cash-again
Also, this is why I think a price of $600 is new support level for Bitcoin Cash https://steemit.com/cryptocurrency/@ertwro/bitcoin-cash-and-the-gatekeeper-position
Good read. Smart thinking and good moves on your part.
Best video ever!!! Great speaker!!
Learned so much. Thank you!!!
I really think all this Segwit issue is all unnecessary FUD.
We already forked to Bitcoin /Bitcoin Cash.
And if Bitcoin Segwit is really that bad , which I doubt becuase of the economic impact if its true,
Then we switch to Bitcoin Cash
Also whoever does not believe this Segwit is good would have sold already his Bitcoins
when Segwit got locked in and would have no interest in Bitcoin Segwit
If we ever fork again in Nov , I would buy more Bitcoins as our experience is that
you get the new fork of Bitcoin for free :)
And together, all the forks of Bitcoins are worth 1 single kind of Bitcoin
So the more the merrier
But you want new people buying/investing in crypto, when you have 3 "Bitcoins" that will be more difficult
when some of the "Bitcoins" are worth more than a ounce of gold and whose worth increases faster than the interest of their saving , people will simply pick one of the Bitcoins and buy
Bitcoin has major use purposes now. Lightning networks are exciting and add a lot of value to bitcoin. In fact, it makes bitcoin able to compete against custodial payment services.In stead people are pumping hurricane that will become the most expensive blockchain ever
Isn't there a big risk of centralization with lightning networks due to specialized, permissioned hubs? Plus, the lightning transactions have to be written back to the main chain at some point, no? So the 1mb block limit will hamper even the lightning network.
well I am no expert, but even today off-chain takes a lot of micro transactions...
many inputs can be collected and sent as 1 payment instead of thousands...
you only truly need on-chain to securely move big amounts of money...
think of it as debit account, shop gift card without expiry date or a check book, you put $1000 worth to your local shopping account and don't pay any fees every time you make a purchase, shops will love this too, because they would only need to cover BTC --> fiat from time to time, min deposit should apply, because this wouldn't work if users spam shop with small deposit trash transactions...
all the benefits of crypto still apply:
no counting the change, no password typing for a credit card, and no need to carry wallet whatsoever, free pockets (which leads to pants keeping good looks for longer time) and so on
the only problem I see is recognition... do you get an ID card or some electronic no contact device to prove you have debit account...
Segwiit is an attack on bitcoin by CIA. The C in BTC stands for CIA from now on.