You think I am talking about Core vs Classic? Only slightly. Primarily I just want to discuss Fiat Coin vs Bitcoin seeing as how Fiat coin it seems now has a name (at least one of them does.)
But 1st the Core vs Classic skirmish, for indeed that is all it will be.... a nasty, brief skirmish where one side gets destroyed. 2 things seem clear....
1) Classic will easily garner 75% and there will be a fork.
2) Core/Blockstream supporters seem deadset on causing as much confusion and destruction as possible. There have been comments in support of DDOS attacks on Classic Nodes. The lies are just growing bigger and bigger. Those in the media willing to sell themselves as whores for some ad revenue are being used in an attempt to drum up outrage in those who don't know better. But in the end Core passes away, and I for one Will Remember every bad actor, and will not forgive easily. Most won't. Blockstream and others should consider this in the days to come.
End result here is generally going to be that Classic prevails. At that point, once all the smoke clears, Bitcoin (the Classic Version) will be jumpstarted, and probably see a huge price increase, and development will grow wings, investment monies will again flow like wine etc. Only thing unknown is how much confusion and damage there will be in the interimn. If Core/Blockstream doesn't look to go quietly, traders will pull their coins a week or so before "activation" of Classic. They won't want their trading priniciple to sit idly in the possibility of a protracted period of confusion (I say this because it will be dangerous to be moving coins around in the period that both fork chains are active - before one dies.... and if that looks like a long time - nobody wants their coins to be sitting idly and in jeopardy - and investment will flee to the safety of other coins)[/i]. Bitcoin price will see a dramatic price drop as trading money runs for the doors, and shorts heap on extra pressure (I predict a serious price bloodbath - IF Blockstream/Core supporters make it clear they are going to sabotage a clean fork). Altcoins will be the immediate recipient of the gains. One coin in particular.
BUT LETS TALK ABOUT THAT "ONE COIN"..... because it is clear that Ethereum has been chosen to be the primary Fiat Coin - at least for the Western World. * Ripple may gain traction in Southeast Asia. China will also do a coin.
WHAT IS GOING TO HAPPEN in the confusion of the short but disruptive fork, is that Ethereum is going to be releasing Homestead, and we'll see a huge jump in price, and in application buildout, and in users, and in nodes. Its going to hit the Crypto world like a storm, and the Media will fixate on Ethereum positives, and point to the confusion in Bitcoin. We'll know its temporary - but the masses of humanity will AGAIN see confusion/negativity/risk - while they are drumming up Ethereum Blockchain. And it will soar!
And after the fork, and Core/Blockstream finally a good riddance memory, SOME of that money/investment will flow back into Bitcoin, but some will remain in Ethereum. And then the real coin wars will begin......
BE FOREWARNED.... Bitcoin will soar in exaltation once the 75% supermajority is reached...... then crash into the abyss as the activation approaches. For once I can't tell you how this one ends..... because there is going to be a surprise for you all in the midst of the chaos, and I honestly don't know how it will play out.
But for now, buckle up.... its Fork Time
* all hands on deck, lock and load your classic node!
But 1st the Core vs Classic skirmish, for indeed that is all it will be.... a nasty, brief skirmish where one side gets destroyed. 2 things seem clear....
1) Classic will easily garner 75% and there will be a fork.
2) Core/Blockstream supporters seem deadset on causing as much confusion and destruction as possible. There have been comments in support of DDOS attacks on Classic Nodes. The lies are just growing bigger and bigger. Those in the media willing to sell themselves as whores for some ad revenue are being used in an attempt to drum up outrage in those who don't know better. But in the end Core passes away, and I for one Will Remember every bad actor, and will not forgive easily. Most won't. Blockstream and others should consider this in the days to come.
End result here is generally going to be that Classic prevails. At that point, once all the smoke clears, Bitcoin (the Classic Version) will be jumpstarted, and probably see a huge price increase, and development will grow wings, investment monies will again flow like wine etc. Only thing unknown is how much confusion and damage there will be in the interimn. If Core/Blockstream doesn't look to go quietly, traders will pull their coins a week or so before "activation" of Classic. They won't want their trading priniciple to sit idly in the possibility of a protracted period of confusion (I say this because it will be dangerous to be moving coins around in the period that both fork chains are active - before one dies.... and if that looks like a long time - nobody wants their coins to be sitting idly and in jeopardy - and investment will flee to the safety of other coins)[/i]. Bitcoin price will see a dramatic price drop as trading money runs for the doors, and shorts heap on extra pressure (I predict a serious price bloodbath - IF Blockstream/Core supporters make it clear they are going to sabotage a clean fork). Altcoins will be the immediate recipient of the gains. One coin in particular.
BUT LETS TALK ABOUT THAT "ONE COIN"..... because it is clear that Ethereum has been chosen to be the primary Fiat Coin - at least for the Western World. * Ripple may gain traction in Southeast Asia. China will also do a coin.
WHAT IS GOING TO HAPPEN in the confusion of the short but disruptive fork, is that Ethereum is going to be releasing Homestead, and we'll see a huge jump in price, and in application buildout, and in users, and in nodes. Its going to hit the Crypto world like a storm, and the Media will fixate on Ethereum positives, and point to the confusion in Bitcoin. We'll know its temporary - but the masses of humanity will AGAIN see confusion/negativity/risk - while they are drumming up Ethereum Blockchain. And it will soar!
And after the fork, and Core/Blockstream finally a good riddance memory, SOME of that money/investment will flow back into Bitcoin, but some will remain in Ethereum. And then the real coin wars will begin......
BE FOREWARNED.... Bitcoin will soar in exaltation once the 75% supermajority is reached...... then crash into the abyss as the activation approaches. For once I can't tell you how this one ends..... because there is going to be a surprise for you all in the midst of the chaos, and I honestly don't know how it will play out.
But for now, buckle up.... its Fork Time
* all hands on deck, lock and load your classic node!