I have come to think that it is in fact a good thing for Bitcoin. Otherwise we would risk rising too quickly and into a REALLY unsustainable bubble.

So, well, thanks for the FUD.... Just keep it under control to not do any permanent harm.

P.S.: Also it gives some interesting trading opportunities here and there.

Have you recently watched the mempool? Is almost empty. Yeah, block usage is still over a safe threshold but Segwit is going to be implemented very soon (now it is a certainty unlike years ago) and will help alleviate some. Also a blocksize increase to 2MB is on the works.

Bitcoin scaling has never had a better prospect than it has right now.

So what is the fucking need for "Bitcoin Cash" precisely right now? It's nonsense.

Maybe you don't believe the blocksize increase will happen? I hope it does, because:

- Even if not right now, we will need that blocksize increase sometime in the future.

- If that is what has been agreed to reach consensus, then it is time to deliver, or next time we need consensus noone will trust any "agreement".

- Miners have not only accepted to pass Segwit which was a majority community request but they have with 100% hashrate consensus. If they can do the 2MB increase HF with the same consensus there is not risk, so it is ok.

- Many of the people that were completely against BU (me included) was for the reason that BU is an aberration that, besides the buggy code, gives miners the right to increase/decrease blocksize at will. That's too much power for the already powerful miners. A fixed blocksize increase when (or better yet BEFORE) it is needed? FINE!.

Above all, and most importantly... If someday Bitcoin can be replaced for any other altcoin at will, our digital money fantasy castle will crumble.

Can't we all just work on making Bitcoin (the one and only) better instead of trying to fight against it?

P.S.: The way all this "scaling process" has developed makes me think we can, and in fact it is happening.

^^^^THIS ^^^^

Even having some fertile land in which to grow food will mean almost nothing. Do you think you will be a happy farmer? No.... People will go to take it from you. Without any form of social "government" there is absolutely no productivity. You eat what you take, you take what you can...

But.. But... It is MY land, those are my resources!... yeah, right, go tell em.

Only after there is some EXCEDENTS there will be trade.... and for excedents to be there needs to be productivity.... or a crazy huge population reduction. Yep, only after the population gets to way less than 1% what it is now there will only be chaos, starving, diseases, death, murder, canibalisation,.... The horror.

Only the social construction we have nowadays have allowed the population to grow to current levels and develop the means to sustain it reasonably.

No matter how much someone prepares for an apocaliptic world.... You won't be.

Even in local temporal recent catastrophes money (in any form) was of almost no use.

Why are we even talking about this anyway?

So it basically create more problems than it solves. In fact I don't see what does it solve.

Well, thanks for the free money though.

But.... but... Will I have to wait 10 minutes for first confirmation when I buy my coffee with my Bitcoin Cash?!?!?!

Any idea about the roadmap of Bitcoin Cash? When do they plan to upgrade to Segwit?

Or do they have any other magical solution to enable LN for instant transactions?

Evidence? Not really, but I would be very surprised it isn't the case. Anyways, the point was Bitcoin.com is a biased news source about this issues, can we agree on that even if you share that same bias?

About the HF... so they are going to replicate the blockchain and then change a lot of rules and divert some (undetermined) hashrate to mine on that.... It is not exactly as if Bitcoin forked. It is an altcoin since its very inception and I think that is the only good thing they are doing about it. It would be irresponsible if it were a real HF more so after an agreement and even reaching 100% consensus on BTC.

If you mean it "forks" from a copy of the Bitcoin blockchain, well, yeah.

P.S.: WHY do you think "Bitcoin cash" is good for Bitcoin holders? I am talking mainly about PRICE impact here.

You can't. You will need to enter the private keys into a computer... you could do it on a secure isolated one and then copy the signed tx's over to another connected one.... But that's a lot off hassle.

That's why I always recommend EVERYONE to buy a hardware wallet. Life is easy and wonderful since I did, and it has allowed me to safely participate on several coin airdrops which by itself is worth a bunch of hardware wallets.

bitcoin.com is the site of Roger Ver, who owns ViaBTC, which launchs Bitcoin Cash. So, a bit biased, don't you think?

Bitcoin Cash is NOT a HF of Bitcoin.

Monero is ok for what it is (anonymous cash tx's)... for some reason it is #5 in my portfolio but it isnt nor intends to be a store of value.

Troll, you are going to die too!



Using bitcoin.com as a source for its FUD material is exactly what a Monero shill would do.

We are all going to die... sometime.

Fully agree. PLus they already have huge GPU farms that currently are mining other coins but could switch to BTC in no time.

It would be useful as a punish to some evil ASIC manufacturers and mining pools though.

BIP141 (SEGWIT) bad for BTC?

Ok, I'll repeat once more time... The scaling process is going perfectly smooth, much better than many people expected. Thus the rise. It is not all over, but everything is going smoothly atm and the projection is good.

ViaBTC wanting to fork off an altcoin at the worst possible moment does NOT imply a chain split.

It's just another altcoin. Nothing to see here.

They decided to fork on a freeze of the Bitcoin blockchain? Cool, thanks for that, I will use those BCC wisely.

That's an interesting idea. Besides having those tx's recorded somwhere, they should have to check before if the inputs have already been spent, or the transaction was already passed into blockchain or risk the entire block being rejected (a $35.000 mistake) but.... seems plausible.

I wonder if the fact that all miners have been rebooting their nodes almost all at once (to do the necessary upgrades) have had some effect on clearing the mempool. I do supposse the mempool may have some replicating capacity (I really donno) but maybe it have had an impact?

Last time he posted he was saying something about dead cat bounce in the middle of the pump. So yeah, I guess he didn't get out of his short in time.

Bad luck.

haha, donno, last time I checked it was around 10.000-20.000 which was a low enough number and obviously the spam had already ceased. But seeing it go to almost cero after each block... wow.

2247 Unconfirmed Transactions <- Is that a record low in quite some time?

Have anyone checked the balances of the well known exchange wallets to get an idea of what percentage of coins have been withdrawn? I don't think it is a huge percentage, just a feeling....

P.S.: Wow 939 Unconfirmed Transactions .... Basically we are up to date...

Interesting... The price has lowered but now there is only 681BTC to ATH in Bitstamp, less than yesterday night.

As a bluff it may be ok... really doing it would be completely stupid and would trash all confidence in cryptocurrencies in general.