https://www.bitwala.com/bitwala-statement-segwit2x/

Here is the first NYA signee to state they're not going to support it without some contribution from Core. I fully expect the majority of them on the signee's list to do the same before November arrives.

Bitcoin doesn't need 'mass adoption' to reach high price levels. And I don't think retail or merchant acceptance will ever be a significant factor. No matter what happens, people won't want to spend BTC if they have an alternative. That's baked into the way it's designed and it's baked into human psychology. People don't want to spend deflationary assets if they can help it.

There's no upside for consumers to use BTC for their regular expenditure and plenty of downside.

The next level will be more people waking up to its use as a way of protecting, preserving and growing value. To get there it needs to maintain and increase trust. I don't think it can until the scaling shit, which is really controlling shit, is finally put to bed. At this point in time it doesn't look like it ever will. It just keeps on morphing and ever more loathsome tricks keep being pulled.

Did Masterluc also predict the existence of 15,000 Bitcoins by the end of the year? The first analyst who can point to that prediction wins the wee tin cup.

It's not exactly clear cut, but I'd say the central thread running through all of it is decentralisation and the removal of third parties to give individuals control. Everything else is just tinsel.

This makes it even muddier as you can throw the same accusation at all camps depending on how you want to frame it. Bitmain and their big blocking friends will centralise nodes and they've already centralised mining. If BCH 'wins' then they also control development. The blockstreamborgcore types have taken control of development and are pushing things that also have the potential for centralisation on the second layer.

All of this is why this issue will never go away. Everyone feels they're right.

https://www.bitwala.com/bitwala-statement-segwit2x/

Bitwala's statement re the forkathon. They were also NYA signees. Most of them will bail long before November.

No country will ever, ever do it. They'd be throwing their economy away as it would basically stop working. If they can't control their currency then they can't control anything else either. It would be a right old mess.

And there's no real reason to put their fiat on a blockchain either. It all rubs along adequately as it is.

https://qz.com/1059179/huobi-and-okcoin-chinas-two-biggest-bitcoin-btc-exchanges-were-themselves-to-150-million-in-idle-client-funds/

How them zero fees were paid for is now answered. Good old China.

You didn't think it was going to be that easy, did you? There are powerful groups out there who benefit just as much from a fall as a rise. They're the ones steering the ship, not the hopes of us little people. And oscillations like this are perfectly natural too. A straight run up to 10k would have a nasty hangover.

The price spike already happened. The hard part with the uncertainty as well was achieving the locking in. Now that's inevitable the excitement is over. It'll take a wee while before anything genuinely interesting comes of it. As ever they're selling the news.

It's going to be like every single other 'OMIGOD WE'RE GONNA DIE' threat that's popped up since minute one. An acceptable solution to all will eventually be hammered out.

If you want to panic then rent a cinderblock bunker in the woods, line it with rubber, put on a helmet and beat yourself around the head and throw yourself at the walls until November.

It'll be a great workout.

By launching BCH Bitmain have already fucked the NYA. Everyone else will slowly fall away.

At that price level it's moved out of speculation and into genuine investment/hedging, at least I hope it does. If it reaches 50k by this Christmas then the aftermath would not be a pretty sight.

People don't buy into Apple shares or gold for 200% gains in a year. They're looking to preserve and increase their wealth, not bet it.

You can certainly be sure that there'll still be a mushrooming alt scene filled with rubbish for those silly gains and losses.

I can't be bothered to trade, so I'd be talking buying and holding.

Considering the quite ludicrous amount of risk, and despite what anyone says the whole scene is a house of cards that could disappear in a puff of C+ at any moment, anyone going into it looking for 10% a year is in the wrong business. In recent years you could get that and plenty more with stocks.

You need to go big or go home. That said, I don't have any expectations either.

That must be the 100th time that blog post has been linked to here now. I assume the people putting it up to paralyse us with fear are getting referrals for it.

That would require another hard fork. Then we'd end up with four Bitcoins to play with.

I've just made ReallyReallyElongatedCoin on my Etch a Sketch. Each block is over 17 miles long and that is a fact you can take to the bank and cash.

Its chain is now far longer than Bitcoin.

Bitcoin is DEAD.

Even though it's a completely separate blockchain that is completely incompatible with Bitcoin. It's longer. So get out while you can. I just measured the next block. The bastard stretches from Krakow to Vladivostok. What have I unleashed? 

There's a lot of sound reasoning there, but if the endgame is the death of Corecoin it also assumes that they assume everyone's going to be happy enough to make the switch to BCH. It's a coin created, financed and controlled by Bitmain who have been enough of a tumour on Bitcoin already.

I can't foresee the majority of Bitcoiners ever willingly running into the arms of someone who has completely and utterly fucked them red raw and entrusting their entire crypto future to someone who's been nothing but a pestilence.

In the process of it gaining huge amounts of ground, a huge amount of Bitcoiners will lose out somewhere.

There are definitely more pumps on the horizon. That's all they'll ever be.

Why would anyone take anything written by Mr Fyookball with anything other than a boulder-sized pinch of salt? He's probably the most hollowed out big blocker of them all.

Let's see an actual LN in operation and how it operates it before deciding anything. Much has been theorised. Nothing has been proven.

You could've asked the same question at every single price above zero.

A $50,000 Bitcoin means that a decent proportion of the world now has the desire for it. That in no way means that it's reached its potential. Even when it has reached saturation, the deflationary aspect means that your value will remain immune from inflation.

If 1 coin was $500 billion, it would still make sense to buy a crumb of it if it was stable and rising.

I would've thought this was blindingly obvious. Most people will have completely blown their privacy long ago. It really doesn't take much at all to breach it. Everything I've bought with BTC was linked my address anyway so when the brown shirts come for me they won't have much of a task.

The more 'attacks' the better if it results in a more secure device. I'm not convinced anyone can design something 100% impregnable myself.

I have one but I haven't put it into action yet.