Hard Fork Drama?

[MatTheCat]

Who can explain to me in a nutshell, what this 'Hard Fork Drama' is?

I remain generally ignorant of the more technical aspects of Bitcoin but am seeing this 'Hard Fork' being discussed,  and traders of Bitcoin sweating blood over it........so, aside from the fact this 'Hard Fork' is bearish as fuck, what actually is it?

[1713483731]

1713483731

[1713483731]

1713483731

[Hyena]

Who can explain to me in a nutshell, what this 'Hard Fork Drama' is?

I remain generally ignorant of the more technical aspects of Bitcoin but am seeing this 'Hard Fork' being discussed,  and traders of Bitcoin sweating blood over it........so, aside from the fact this 'Hard Fork' is bearish as fuck, what actually is it?

It means everyone will double their bitcoins. One copy of their stash for one fork and another copy for the other fork. So, more bitcoins for everyone bullish as fuck

[Denker]

I wouldn't care about that "drama".
The only ones who are dramtizing are the XT and BIP 101 supporters.
Now they are freaking out because bitcoin.org removed Coinbase as wallet.
Nothing will happen.The roadmap for 2016 is out and this is the way Bitcoin will go.

[ElectricMucus]

I don't even think thermos can explain it, but you're missing the point.
Which is the drama is supposed to be out of just grasp for the rational mind to comprehend.

That is what makes it so entertaining.

/r/Buttcoin makes a good job cataloging the interesting bits as they happen on reddit, as for the part that is going on in this forum and on irc I don't think anybody has the time for that.

[Alley]

People still think XT has a chance of hardforking the chain?  BIP101 has 2 blocks out of the last 1000...

[Cconvert2G36]

Miners are perfectly ready to do some modest increase and the hard fork would likely go off without a hitch.

Buuuuut.... Core has plans for layer 2 solutions to scale Bitcoin, wants to keep hard forks scary, and wants to introduce a complicated accounting trick (moving signatures out of blocks) to get to about 1.75MB equivalent maybe by 2017.

Many think this is too little too late and will cripple the network right when we have a chance of seeing some decent adoption, so they are looking at routing around Blockstream Core's inertia... not a simple task. Largely, it will be a miner decision. If they accept soft fork segwit-only as a solution, then segwit-only it shall be... and we'll do this whole argument again in 12-24 months.

[r0ach]

There is no hard fork drama because the vast majority of hash rate will fork to either 4mb or 2-4-8 without any kind of mexican standoff or war going on.

[NorrisK]

Who can explain to me in a nutshell, what this 'Hard Fork Drama' is?

I remain generally ignorant of the more technical aspects of Bitcoin but am seeing this 'Hard Fork' being discussed,  and traders of Bitcoin sweating blood over it........so, aside from the fact this 'Hard Fork' is bearish as fuck, what actually is it?

It means everyone will double their bitcoins. One copy of their stash for one fork and another copy for the other fork. So, more bitcoins for everyone bullish as fuck

Except for the fact that every exchange will switch over to one of the forks, making it impossible to sell your double bitcoins. And even if they were to be traded, one coin would drop in value so fast hardly anybody could profit from it.

Also, the order books would probably be cleared before any such event, so the chance of profiting over this is near nil.

[suda123]

Who can explain to me in a nutshell, what this 'Hard Fork Drama' is?

I remain generally ignorant of the more technical aspects of Bitcoin but am seeing this 'Hard Fork' being discussed,  and traders of Bitcoin sweating blood over it........so, aside from the fact this 'Hard Fork' is bearish as fuck, what actually is it?

some bs that's going to fail so they can tank the price