I opened a big leveraged short at 394. I don't see how things are going to go up until the block size debate is resolved. Or at the very least there is no longer a looming threat of a hard fork.
This isn't JUST a hard for but a reshuffling of the powers that be in core who are being paid by a private company to fund bitcoin (imo this entire debacle can be traced back to the foundation going belly up on funding development).
Until the two camps are united, core compromises on 2mb blocks or everyone in the community (exchanges etc) change their mind I see the drift downward as inevitable.
I do live in eternal fear of core announcing 2mb blocks and losing it all. But I'm betting that if they haven't done it yet they aren't going to until hard fork is inevitable.
This isn't JUST a hard for but a reshuffling of the powers that be in core who are being paid by a private company to fund bitcoin (imo this entire debacle can be traced back to the foundation going belly up on funding development).
Until the two camps are united, core compromises on 2mb blocks or everyone in the community (exchanges etc) change their mind I see the drift downward as inevitable.
I do live in eternal fear of core announcing 2mb blocks and losing it all. But I'm betting that if they haven't done it yet they aren't going to until hard fork is inevitable.
core is divided in itself. some part of it including gmax and luke will eventually stay at 1MB even after a successful 2MB fork and do their own thing. obv they still will call themselves "bitcoin" no matter how tiny their marketshare will be. one other part (and i think the by far bigger) will simply be pragmatic and switch to 2MB and thats it.