One thing is certain: have your bitcoins in your own wallet by 31st July. Of course that's just one persons view based on 90 minutes of research - would appreciate other opinions.īut one thing is sure - a month is a LOONG TIME is crypto-world, so it pays to stay in touch with what is going on, especially if you are being paid regularly in BTC. BTC is still a big token - but just a token. and BTC's first mover and brand name advantage is slipping. Given that BTC has already dropped from 95% to about 45% of the total crypto-coin market capitalisation in just 4 months during 2017, I get the feeling that this move just exacerbates the situation. 3/ Will BTC effectively have 100% inflation? From 21m max coins to 21m max of each coin? 2/ It will split the evangelical fan base meaning a possible wave of selling. 1/ It will split the mining base meaning less volume potential. without paying attention to new developments. So it will pay to keep aware of the ever changing situation. It all adds to the feeling I have though that BTC may not be around for the long haul (2020 and beyond) - and certainly not guaranteed to be at the values that it is at present. It seems convoluted though - with talk of possible accidental (or fraudulent) "double spend" of coins on both chains so it may pay to keep your BTC and BCC tokens in your wallets for a while until it all sorts itself out. The net effect is that the coins with split on August 1st, and holders of BTC at that stage will also have matching BCC tokens. So it looks like bitcoin developers are no different to any other group of techno nerds and they cannot work together.Ī group of Bitcoin miners (so-called Big-blockers) are going to fork off BTC into a new token BCC (Bitcoin Cash).Īfter failing to agree on a scaling solution it seems BTC will use Segwit2X while BCC will go with bigger block sizes above 1MB.
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