What are the bitcoin hyperwhales thinking about the current situation?

[thejaytiesto]

As we know, bitcoin is mooning, but the scaling situation is still not solved. The so called "Barry agreement" has already been broken, with Roger Ver, Jihad Wu, and some other people involved disagreeing between them:



This is what happens when you don't bring Core developers to the agreement, corporate idiots don't know the technical details and just make a mess. Then again this could have been what some wanted (just keep delaying it)

Ideally, there should be an agreement with a segwit activation through soft fork and a 2MB hard fork later, developed by Core to avoid any nonsense. Unfortunately, this seems unlikely.

Then there's UASF, which will cause a clusterfuck unless snowball effect kicks in and the legacy chain gets reorg'd. If not then we'll have 2 coins listed in (some) exchanges for X amount of time.

In order for UASF to work, the big whales would need to dump legacy for UASF coins. It would also be needed that big exchanges list it. August 1 is around the corner and there isn't a single big exchange making any statement. If UASF works, then great, but as of right now im very skeptical, and the compromise option remains the best, as long as it's developed by Core, because no one is going to download software that is not Core-approved.

My question is, what are the big bitcoin whales like Mircea Popescu or Bruce Wagner thinking about the current situation? what are they planning to do? If I had billions in bitcoin, I would be paying close attention. I checked Mircea's blog, and he hasn't posted anything bitcoin related for ages, he just posts his usual weird stuff.

If anyone has some info then let us know.

So far, im aware of this 40,000 BTC whale showing UASF support:

https://www.reddit.com/r/Bitcoin/comments/6d2tp1/i_am_the_bearwhale_uasf_now/

[cellard]

Well, Roger Ver is supposedly a 300,000 BTC whale, but I suspect he has lost a ton of money due bribing miners, propaganda tactics, bad investments and so on.
Also, he has never signed his coins.

To the contrary, Loaded has signed 60,000 BTC and probably has tons more. Remember the Roger Ver vs Loaded thread? that Loaded:

https://bitcointalk.org/index.php?topic=178336.msg18280485#msg18280485

Now the question is, will either Roger Ver sell his UASF coins for Legacy coins, or will Loaded sell his Legacy coins for UASF coins? We could do another bet for this one.

[Kprawn]

I doubt if any of them are going to be in a rush to sell now. This is not the Moon stage yet, and they will kick their own ass... if this thing goes to

$10 000 or more. I would never sell huge amounts of bitcoins now, because this is still the "baby" phase of this experiment. Just imagine where

this is going to go once the scaling has been sorted.  { We have not even had 1 killer/viral App yet...  } .... Whales.. please sit on those coins.

[thejaytiesto]

I doubt if any of them are going to be in a rush to sell now. This is not the Moon stage yet, and they will kick their own ass... if this thing goes to

$10 000 or more. I would never sell huge amounts of bitcoins now, because this is still the "baby" phase of this experiment. Just imagine where

this is going to go once the scaling has been sorted.  { We have not even had 1 killer/viral App yet...  } .... Whales.. please sit on those coins.

Im not talking about the current price situation, but specifically about the UASF situation. There will be UASF coins and legacy coins, so whales have 3 options:

1) Sell Legacy for UASF
2) Sell UASF for Legacy
3) Do nothing

But even on the "do nothing" phase, if they are receiving payments, they will have to choose to get paid in UASF chain or Legacy chain, i doubt they will convince people to pay them on both, even tho it would be ideal.

So eventually the market will go either way.

If hyperwhales dump legacy for UASF we may actually see a successful UASF and miners will be forced to join UASF chain.