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So Bitcoin Gold forked with minimal fireworks...
Coinbase also announced that segwit2x will be call B2X on thier platform. Does the segwit2x update create a new coin?? Why is Coinbase labeling it at B2X?
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This price volatility comes from comparing Bitcoin with Fiat. If Fiat doesn't exist and all the people use Bitcoin as the only currency, A pizza always costs you 0.002 BTC. In that way we will use Bitcoin as same as we use Fiat today.
This is the premise of the original qestion. How does the world make the switch from fiat to crypto (in 10, 15, 25 years if ever). What does that look like? Does a single nation need to give up its fiat currency and only exist in BTC, and hopefully start a domino effect? |
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If bitcoin is meant to be a currency, how does the idea go from investment (future growth) to everyday uses, given the extreme volatility of the "price" of Bitcoin. If today a pizza costs me .002 BTC but next Friday is costs me .005 BTC, why would I take that risk on price volatility instead of fiat currency?
How do you see purchases with BTC evolving over the years as the masses adopt the idea of cryptocurrency? Will BTC always be the "gold commodity" and other crytocurrencies with less volatility will be the everyday currencies?
Thoughts?
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interesting.
thanks for the information.
i'm not that happy that they did this!
what about just withdrawing $150 usd per day. annoying yes but at least you get something out.
also what about doing the basic verification?
use something like hushed on your phone.
that would help a bit.
The whole thing is completely ridiculous. Even if I put in my true name and address, I have no idea if they would find me in their "public records". Yes, it is ridiculous - and you're right that they won't find you even when provided with true information - tested  Is there anyone who passed the search in "public records"? Nope. Tried tonight for the "enhanced" version. Failed. No option to retry. Fuckers. |
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At this point, why would you not invest in both? I mean, if its "investing" you want to do, I strongly recommend that you diversify a little bit, and with 2 excellent coins, you should invest into both. Now, if you want to "gamble", then put all you money into one and ride the wave!
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Excellent explanation azguard! Thank you!
With the fork creating a new bitcoin in Bitcoin Gold, it doesnt actually do anything to BTC. My question is thus - can BTC be improved without a fork? Will it ever be able to increase processing bandwidth or transaction size without completely changing the code and creating a new coin, is this what SegWit2x is supposed to do? Or is BTC maxed out now in regards to speed and transaction size?
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So basically the "fork" is just the creation of a near-identical bitcoin altcoin? And thus, all the buzz about a fork is the question if the new and improved bitcoin will overtake the original? Am I understanding this correctly?
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Right, so it will go to 2MB, I see.
However, my question is more simple than that. Basically, just like BBC, Bitcoin Gold creates a new coin. So, in essence, at Time 0 of the fork, we have 2 coins in existence as a very similar to each other, BTC and Bitcoin Gold (with the 2 MB segwit)? Right? And so at this point, either one can move to dominate the market?? Bitcoin Gold could theoretically overtake BTC in popularity and adoption? So Bitcoin Gold is just another Altcoin that we get free because the fork is from the same blockchain as BTC?
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Hey guys, Been spending a lot of time searching the threads for a good description on the upcoming fork, found bits and pieces but nothing complete. Also what is a fork in general.
Can you explain what exactly will happenn and why? Explain it like its your 5th grade cousin. BTC Thoughts?
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