Bitcoin Bitcoin Shitcoin

[ZhuldyzKaladinova]

Is Bitcoin a Shitcoin? I think it's not. But sometimes, with all the split chains, it appears to be a shitty situation.

But BTC Classic, the original by Satoshi Nakamoto, it's so nice man.

[tiggytomb]

It will be interesting to see how it all works out IF there is a split and we end up with Bitcoin Core and Bitcoin Unlimited, we have seen it with ETH and ETC where the original chain is still active but is behind the rolled back ETH. 

I wonder what will happen with bitcoin, I would like to think that bitcoin core would prevail as the only true chain and we don't bow down to the hijacking of the original idea.

[Fatunad]

Is Bitcoin a Shitcoin? I think it's not. But sometimes, with all the split chains, it appears to be a shitty situation.

But BTC Classic, the original by Satoshi Nakamoto, it's so nice man.

If there would be a split then we should be ready on that one. For now i dont have any idea if i have to cash out all my bitcoin or leave it as it should be. If there would be a split then i dont know what to do since i dont really have much idea on what would happen totally on my precious bitcoin.It wont really be a shitcoin since its the main crypto currency but having 2 choices do lose up my trust already, This is just my opinion though.

[OROBTC]

It will be interesting to see how it all works out IF there is a split and we end up with Bitcoin Core and Bitcoin Unlimited, we have seen it with ETH and ETC where the original chain is still active but is behind the rolled back ETH. 

I wonder what will happen with bitcoin, I would like to think that bitcoin core would prevail as the only true chain and we don't bow down to the hijacking of the original idea.

Yes, I would go along with that.  It all comes down to exactly what happens prior to August 1, and how it is implemented.  If the developers and/or miners agree on the changes, and if the code changes are stable, then we could have a great outcome (higher BTC prices and more acceptance among new people).

It all depends on if and how the experts agree...  If they screw up Bitcoin, that would be a tragedy (and big losses for many of us).

[mindrust]

There are massive communication problems between the miners and the devs.

Majority of the miners are located in China and most of them do not know even know how to speak English. They have a boss and they are doing what they are told.

We can't have a healthy development process with a community like this but ironically those clueless masses (both miners and some users) make bitcoin  valuable because they help its adoption.

We have to hard fork bitcoin every once in a while to develop it further and hope that people will be following the development instead of following morons whose best ability is to change the block size parameter.

There will be many hard forks and many versions of bitcoin but only one chain will be the future and the others will stay in the past with their outdated techs.

[Reid]

Could end up getting worse then sh1t really happens.
Okay someone says the ETH split was one example which was a success.
But this is bitcoin we are talking about and is getting more valuable everyday.
Now, what could happen? Could there be a large scale of price fall or will it lead to a rise (which I doubt now).
They all want the number 1 because of the money residing in it.

[haroldtee]

Not very sure if things would really get messy but if it eventually does, then that is really gonna be shitty. I feel bitcoin's reputation over the years should help it come back stronger when compared with ETH. Even if the value drops, I am sure with what most have seen within this few years, most people will quickly wanna take the advantage and stash up for the rainy days, hence it will throw us back on track.

[Kronos21]

There are massive communication problems between the miners and the devs.

Majority of the miners are located in China and most of them do not know even know how to speak English. They have a boss and they are doing what they are told.

We can't have a healthy development process with a community like this but ironically those clueless masses (both miners and some users) make bitcoin  valuable because they help its adoption.

We have to hard fork bitcoin every once in a while to develop it further and hope that people will be following the development instead of following morons whose best ability is to change the block size parameter.

There will be many hard forks and many versions of bitcoin but only one chain will be the future and the others will stay in the past with their outdated techs.

I think that the communication problem not a language barrier and in human greed. The miners used to earn coins while doing nothing. All the work for them makes the equipment. They want to continue but it becomes a problem for all users.

[OROBTC]

...

FWIW, I just read in another thread that the various major players in the Bitcoin Ecosystem will likely come to an acceptable agreement and implementation of changes by August 1.

There is BIG MONEY involved.  Big money encourages stakeholders to keep the system stable.  Instability would likely lead to huge losses, and I cannot think of anyone offhand who would gain...  Yet, I do understand that more money will be made by certain players should certain things happen.

I do not think that this scaling debate/problem has been FUD as is occasionally suggested.

While I hope for the best, I am preparing for a bad outcome too. 

[Dudeperfect]

I am optimistic about this upcoming event and I believe that bitcoin will have faster transactions with lower fees which would result not only in the rise in the user base but also in the price of the bitcoin. However, we must understand that price volatility is not going anywhere and still, we can expect a sustainable growth from the next year. There are multiple companies and even the individuals are waiting for the solution on slower confirmation time and increased transaction fees.