Re: Estranged Core Developer Gavin Andresen Finally Makes Sensible 2MB BIP Proposal!
Price upwards when it happens? I think it won't affect bitcoin price since most users won't feel difference after upgrade & most media won't share about that.
If Bitcoin forks (and especially with 75% vs 25% of the network) there is going to be a (negative) effect on the price. The network will essentially be damaged due to a split. Just imagine the great situation once media starts making articles with titles such as "Bitcoin split in two", "Confusion/panic in the Bitcoin community", etc. The only panic right now is because people realized Bitcoin Core main plan is basically stop possibility of further Bitcoin adoption, their roadplan is the evidence - 1.5 MB will be eaten very likely this year, but no futher increase possible till late 2017, thus no addoption posible. Lets face it, with such roadmap Bitcoin gives its huge marketshare to altcoins clompletly for free - really no bad intentions have to be assumed from such minority vetoing the majority
BIP101 would have seen the block capacity grow into the GB range. The 2MB bump is an ultra-conservative needed fork.
Why? Because you say so?
Partnering with PwC and staying in Bitcoin Core lead development is much worse for Bitcoin than Mike leaving Bitcoin and helping R3
https://medium.com/@WasintMe3/everything-you-never-wanted-to-know-about-blockstream-s-new-boss-pricewaterhousecoopers-716d46d3257b#.fqfokdtvk
Hopefully still independent Bitcoin Core developers clears the watter from bad actors inside Bitcoin Core soon before media shit hits the fan, if not, we need clearly move away from Bitcoin Core so the damage for Bitcoin is minimal