Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
AlexGR
on 17/01/2016, 11:36:22 UTC
It's funny how the dev side has more small blockers, while the speculation side is almost entirely large blockers nowadays.  Why is this?  Because the dev side doesn't understand markets.  

XT fork news and classic fork news have both sent price lower. The markets were going pretty well despite the "fullblockalypse" bullshit. 200->300->400->450 - even 500+ for a while. For the most part, everyone had priced in that an upgrade will be implemented at some point and all will be well. The moon was the limit. The core roadmap was in the same line.

-Violent hard forks with low consensus that will split the currency / double the monetary supply / create distrust for the future of the currency for possible future forking events
-governance coups,
-dividing the community and throwing around "bitcoin is dead" to the mainstream media

...are not by any means "market-friendly".

Plus driving out the bulk of current developers, who are actually developing solutions, and pretending to be the ultra-dev for changing a 1MB constant to 2MB, and leaving bitcoin development AND MAINTENANCE, orphan for the future, is not "bullish" by any standard.

And if Satoshi's warning is true that in case of a successful fork he'll be forced to declare Bitcoin a failure (I would probably disassociate my name as well after a hostile takeover and admit defeat) then we have a real problem ahead of us.

No, the "classic" people do not understand markets, unless their purpose is to destroy bitcoin - in which case they understand markets pretty well.