Hard Fork speculation thread

[gentlemand]

I should also add a question - what would be a good hedge for the fork. I am inclined to think that LTC should be one - all other alts has already had their rallies, LTC has been long in a bear mode, it is not the most innovative. But exactly because of the lack of innovation it is the closest alternative for BTC - so it should be a good hedge for forks in BTC.

USD, gbp or whatever takes your fancy that isn't crypto. You'd be batty to think that Bitcoin pissing all over itself wouldn't have an effect on everything else too. If there is a contentious hard fork, and I don't believe there will be, I'd leave and not come back.

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[Slark]

I spent a lot of time looking at alts, and eventually chose XMR. Even if bitcoin does not hard fork, which is most likely, XMR has decent change of succeeding. It's the unique combination of qualities, many of which follow up on the original promises of the bitcoin project:

1. Fungible
2. Decentralized
3. Great Dev Team
4. Trailing Emissions
5. Adaptive Block Sizes
6. Not Instamined/Scammed
7. Unique Code Base
8. Everything is 100% Community Funded
9. Already in Use by Darknet Markets
10. Currently Undervalued (IMO)

2. Highly arguable argument. There are some well known facts which can discredit monero developers very easily.
7. Monero developers used to copy&paste code from various repositories like Bytecoin & Boolberry without giving credits.
9. How this is a positive? This will be the reason which will ostracize monero in the long run and top its growth and adoption.
10. I disagree. Price is rather inflated IMO.

[Wind_FURY]

Or read this http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

Why not follow Roger Ver and the other big blockers and hold everything in the new up and coming altcoin called BTU. It has a better scaling solution than BTC. Haha!

I believe many supporters of BTU will change course and go back supporting Core again, now that the exchanges declared BTU will be the altcoin.

[Marma Kalari]

Or read this http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/
Why not follow Roger Ver and the other big blockers and hold everything in the new up and coming altcoin called BTU. It has a better scaling solution than BTC. Haha!
I believe many supporters of BTU will change course and go back supporting Core again, now that the exchanges declared BTU will be the altcoin.

It is a hard battle now as bitmain has to make a decision now on what their future is as it will be a great blow to their plans if BU is considered as an altcoin and if they loose control over the market it wont be that good for their plans,only time will tell and i am waiting to see how the next step will be ,because when antpool announced that they are going with BU they found the fatal bug in BU and now major exchanges are with the core and it is like a soap opera now.

[mikenz]

I don't think it is all about miners. Developers have also something to say and who will get the name BTC (and this will be central in this battle) will be decided by the exchanges.

they already deccided to stay with Core.

I expect the price to go %50  below of what it is now.(double the bitcoin number, same USD available = bitcoin loses half of its value in USD. simple math.)

And that is only the purely mathematical side. You also have to factor in speculation, uncertainty, fud. People who dont know anything technical about bitcoin have to learn that there are now two suddenly. It will also have a major price impact. It will promote distrust in bitcoin. Markets hate uncertainty.

we could use a decentralized super computer like Golem as a central authority to validate large blocks

a central solution. awesome  

My speculation is that the worst thing for bitcoin right now is deadlock on the scaling debate. Anything that moves us closer to a resolution, even if it means HF, will be perceived by the market as bullish.

in the long run definitely. But short and mid term the price devaluation would be significant. The ETH guys had to wait for what, 8 months now for the price to reach the former levels again. With a low of less than 30 % of the price before the HF.

"Coinbase, Bitfinex Would List Bitcoin Unlimited As “Altcoin” After Soft Fork: Mow" https://cointelegraph.com/news/coinbase-bitfinex-would-list-bitcoin-unlimited-as-altcoin-after-soft-fork-mow

That is how BU lost the name battle.

Polo too. I currently estimate a winning Bitcoin Core as more likely. However if BU would achieve to keep the major part of the hash power for a long time (say months) then sooner or later they would  be regarded as the winning chain and market participants had no other choice than to recognize them as the true Bitcoin, also the exchanges. I dont think its likely right now, but its within the realm of possibilities.