Bitcoin Scaling Problem Solved?
So for those of you who are unaware, there was a meeting between companies where they agreed to go to Segwit2MB if:
If you are interested in what that is, what below:
Well if you look at Here it seems very probable that the new solution for scaling will be Segwit2mb. If the Bitcoin Unlimited Crew decides not to split off anyway, I can see the value of Bitcoin soaring.
What do you think? Is this about to be implemented? Let me know below.
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I hope both sides can get their heads out of their asses and learn to work together to make BTC soar to the clouds instead of threatening hard forks which jeopardises the whole enterprise.
If there's one lesson to be learnt here, it's that the future of something so important can't be allowed to be in the hands of a small set of self interested people.
Governance has to be addressed so we don't end up in a constant war of attrition and ego when any improvement has to be discussed.
Webbot predicts $13,000 by jan or feb of 2018 so this 'progress' should get the party started in higher numbers.
What's going on here. When will they agree?
nothing is solved.
first of all miners are signaling that they are going to signal. it means nothing.
and event if they will start signaling for segwit2x and segwit will activate, scaling problems wont be solved right away. segwit is just the begining. scaling wont be done by single solution, but by multiple on and offchains solutions together.
Now that sigwit2 and the problems for transaction are likely done for Bitcoin Think about the price of Bitcoin if everyone that just brought that 75 + billion in the last 3 months went in to bitcoin that's your 10-25k a coin market there and all is possible as a whole lot of shit alt coins got pumped for no reason at all dead coins and anything so i see a lot more in the next bit going back to bitcoin and ether. Also for american's i see some coins like dash going up
when will be clear if they decide to go one way or another ? :)
Early August at the latest I believe (Correct me if I'm wrong)
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BU crew could never really split-off. I'm not sure why the bitcoin core reddit people kept circulating that. A) If they tried it, their difficulties would be so bad for both sides, without an additional fork to the network, that they couldn't properly handle transactions for a time frame. OR they would just spike fees. $10 bitcoin transactions or something. B) BU crew if they just made another altcoin, it wouldn't be profitable to mine, so they would switch back to mining bitcoin anyway... and while mining bitcoin, they would still support increased block sizes... so they'd end up back where they began. As bitcoin miners supporting a protocol change.
BU's goal always to replace existing bitcoin, never to be a fork. Most coins upgrade regularly by hard forking. Steem does it, my favorite Nav Coin does it. It's non-controversial, but because there was a deadlock with bitcoin a simple upgrade becomes controversial because the core team were the ones unwilling to update the protocol to reduce transaction fees. SegWit was never a big enough upgrade to drastically reduce fees, hence why many opposed it... baby step vs. an actual step. That was the true debate but propaganda by certain core supporters changed the narrative on that issue successfully masking the facts.
I feel as if he Bitcoin price will end up soaring again no matter what. Consolidating right now between 2500-3000.
Next stop $5000
yeah cant wait to the next stop is $5,000 and people better get on the train soon because its leaving soon
Hopefully sooner rather than later. I just don't foresee anything stopping it at the moment. I mean, lets be real. How many times have you already heard Bitcoin is dead? and then it isn't.
Thanks @cryptowallet for the update.