Very interesting and informative vid about the recent developments in Bitcoin and the forks. There are many who have very little idea of what is actually happening in the space (myself included).
Jeff explains certain things that I've been wanting to know since the fork on Aug 1. (It's definitely not the type of info we will ever hear from any mainstream media.) While I'd come to understand some of the basic issues that caused the fork, I think a lot of confusion remains.
I'd read some comments where the writers spew venom at Roger Ver and the others behind BCH -- for no other reason than the fact that they forked. But if the fees are getting outrageous, and if the transaction times are becoming longer and longer, and if (worst case scenario) some figures are trying to gain control of bitcoin or manipulate it to their advantage, then it's quite possible that the fork was necessary.
And Jeff's clarifications in this vid only reinforce that view. It's great to know this, as that way we all can make informed decisions regarding our bitcoin holdings.
Much appreciated, and looking forward to more such informative posts.
This is why I was saying in a past comment that for BTC to rise when they didn't implement Segwit 2x made no sense. Since then BTC price has corrected so my logic feels a bit more sound.
I'm not sure about all the details in the video but I have been getting the feeling since the BCH fork that BTC was starting to go too mainstream and I felt like the ideals it was built apon were starting to get lost. It seems like the miners and other big money interests are controlling the direction of Bitcoin now. Look at the transaction fees.
I'm glad you said this because i've been suspecting it for a while now. Ever since the arguments for segwit came out they never really made sense to me and seemed like a conflict of interest. Keep up the good work.
There is an outrageous 10 000 BTC BUY order for Bitcoin Cash at Bittrex right now @ 100k Satoshis Take care.... whales are waiting the deep.... It can only be Roger Ver???
You can’t increase blocks size forever bcash will never go mainstream with so much data to be recorded, could work nowadays that nobody uses bitcoin cash but in the long run it will fail, you just end up that a large mining company with the higher hashrate controls the currency, so yet again, bitcoin cash is centralized and not an anarcho capitalist heaven.
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Very interesting and informative vid about the recent developments in Bitcoin and the forks. There are many who have very little idea of what is actually happening in the space (myself included).
Jeff explains certain things that I've been wanting to know since the fork on Aug 1. (It's definitely not the type of info we will ever hear from any mainstream media.) While I'd come to understand some of the basic issues that caused the fork, I think a lot of confusion remains.
I'd read some comments where the writers spew venom at Roger Ver and the others behind BCH -- for no other reason than the fact that they forked. But if the fees are getting outrageous, and if the transaction times are becoming longer and longer, and if (worst case scenario) some figures are trying to gain control of bitcoin or manipulate it to their advantage, then it's quite possible that the fork was necessary.
And Jeff's clarifications in this vid only reinforce that view. It's great to know this, as that way we all can make informed decisions regarding our bitcoin holdings.
Much appreciated, and looking forward to more such informative posts.
Full Steem Ahead. And ReSteemed Ahead ...
Until I woke the fuck up!
Feels good to make money again and in a different way and by learning ,gaining knowledge
trying the best way I know, to survive this Zombie planet
nothing and nobody has made it easy, takes real work and study
Until then...
You wonder why BTC is suddenly respected by the MSM?
Globalists want to control all cryptocurrencies so they can start 666.
This is why I was saying in a past comment that for BTC to rise when they didn't implement Segwit 2x made no sense. Since then BTC price has corrected so my logic feels a bit more sound.
I'm not sure about all the details in the video but I have been getting the feeling since the BCH fork that BTC was starting to go too mainstream and I felt like the ideals it was built apon were starting to get lost. It seems like the miners and other big money interests are controlling the direction of Bitcoin now. Look at the transaction fees.
I'm glad you said this because i've been suspecting it for a while now. Ever since the arguments for segwit came out they never really made sense to me and seemed like a conflict of interest. Keep up the good work.
There is an outrageous 10 000 BTC BUY order for Bitcoin Cash at Bittrex right now @ 100k Satoshis Take care.... whales are waiting the deep.... It can only be Roger Ver???
Could be..could also be someone trying to pull the price down and then remove the buy order.
Whoever it is I have never seen a 70 Millions $ order in Bittrex, this guy has bollocks and freighten me because I am bad at bying the lows....
@scandinavianlife informative post man really learn a lot from this post keep sahring :)
Glad I watched that, well presented case, rather different from what I had been hearing elsewhere.
We could be in the BTC Cash bear trap right now.
You can’t increase blocks size forever bcash will never go mainstream with so much data to be recorded, could work nowadays that nobody uses bitcoin cash but in the long run it will fail, you just end up that a large mining company with the higher hashrate controls the currency, so yet again, bitcoin cash is centralized and not an anarcho capitalist heaven.
If BTC is too slow to be usable, then that won't be used either.
It is an excellent store of value for many and LN will be soon implemented
img credz: pixabay.com
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Interesting :/
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