There are a allot of posts here an on reddit and everywhere about the scaling issues. It's a real quagmire for most people who don't commit most of their time to this sector, especially as there are so many annoyingly immature reactionary emotional posts spamming up the internet. So I would like to try to put things as simply as possible here, as I see it. I do hope that those of you with a better understanding may correct me or add nice links to concise, easy to understand explanations for newcomers. Apologies is this is not concise enough!

My understanding of the situation is this:

 - some people want a large blocksize. This should be good for transaction fees and prevent delays on transactions, due to the rate of transactions (>1MB every 10 minutes) not being limited by small (1MB). However, very large blocks would mean that bitcoin nodes would need much more expensive equipment given current available technology, thus driving Bitcoin network to be supported by fewer people, so less decentralised, and therefore more vulnerable to 51% attack. BCH does this. It does not yet have a solution to the 'malleability bug', and other bugs apparently.

- some people want to keep the 1MB blocksize. This might be good for decentralisation as mentioned in the above point. Segwit, LN, and other solutions are developed to compensate for the limited blocksize so that as Bitcoin is adopted further, the rising rate of transactions can somehow be managed. I don't know whether these additions would lower transaction fees sufficiently for Bitcoin use in coffee shops and developing countries. Segwit has fixes for the malleability bug and others, but has been criticised by some for being bad for security. Other than that it is new and might need more testing, I don't know the details of why Segwit might be bad for security.

- many people seem to be happy with the NYA Segwit2x proposal; the 'best of both worlds', for the time being...  this sounds most reasonable to my mind, as it makes sense to gradually increase blocksize in line with the availability of affordable large hard drives. The blockchain is currently only 126MB, and is growing linearly. Affordable hard drive capacity is growing at a faster rate than the current 1MB blocksize bitcoin blockchain. Given this, I don't understand why anyone in Bitcoin (not BCH) would choose to not implement the doubling blocksize n November, agreed on for Segwit2x.


In brief, trying to summarise further:
- 8MB too big for now, so bad for node decentralisation, but should be fine once computer hardware gets cheaper. Computer hardware for 2MB is affordable currently. Both should bring down the transaction fees and free up the smooth running of the network.
- BCH doesn't have certain bug fixes which Segwit has. How critical are these bugs?
- How much of a security threat is Segwit? Can it be updated sufficiently well to address the issues raised (which I am not familiar with) pertaining to security?

I think that it is more of a threat than ETC is to ETH. I worry about hashrate leaving BTC for BCC in November.

so anyone out there think that we'll have to wait until November for ATH conditional on the 2x block size going ahead?

There are no few blocks getting mined currently because they have to slow down the mining for a 12 hour period in order to dramatically lower the difficulty level, so that they can mine properly with what they've got thereafter

foolish naive journalism. According to https://www.reddit.com/r/btc/comments/6r33fz/difficulty_adjustment_triggered_at_0940_utc/dl24nbj/, it's actually part of the plan to slow down BCH mining for a few hours, so that their difficulty level can adjust down as far as possible.

saw that too. Tried to sell into it, but Kraken, well, Kraken

I DOUBLE DARE YOU MA'AF'KA!

maybe I'll buy this dip then . . .  eek!

So it's dumping/correcting/profit taking   Have BCH been arriving on exchanges? I know that's not the case for Kraken at least, though Coinfloor has been taking transactions for a while now.

yes, both Trezor and Ledger have included both coins

Ah, yes, I'd noticed that. So when's the BCH difficulty due to adjust? That would be the precursor to the turning point probably

indeed. That said, getting very tempted to buy some BCH now.

Anybody here have any good indications of how long it might be until deposits start getting accepted in the major exchanges?

all of you who are frustratedly waiting to get your BCH deposited are lucky. I took the risk of keeping my Bitcoin on Kraken and Coinfloor, so was able to dump very happily at 0.07. FFS, really kicking myself now!

Trace Mayer publicly stated tht he was waiting for the order book to fill up before dumping big on it

Jimmy Song was estimating about 10% on that youtube show  https://www.youtube.com/watch?v=xgAPGtr0go0

Many of us just couldn't help ourselves. I just made so much money from dumping, and yet I had a  pretty good notion that a pump was on the cards too make much more than that.

Good luck to those of you who didn't dump yet. That price might go allot higher yet

Kraken processing Bitcoin withdrawals now  

that dump feels better than I though it would!

I would like to but Coinfloor are still offline. Placed a sell order on Kraken anticipating a manipulation to panic pump

Coinfloor still offline. Not impressed