oh no here comes another test of 400
There were a couple of key moments that I remember. At one point, everybody was asked if they supported the Hong Kong compromise from the week before (segregated witness in April, then code for a 2MB hard fork in July of 2016 with a minimum of a year before 2MB blocks are allowed).
Everybody who support that, raise your hand : a dozen or so people, most of whom were part of that Hong Kong meeting, raise their hands.
Everybody who does not support that, raise your hand : everybody else (forty? fifty people?) raises their hands.
There was a lot of talk about moving the July of 2017 date closer. In particular, a plan was presented that had a three month grace period after 95% of hashpower voted yes and 75% of coin-age-weighted-transaction-volume-in-some-time-period also indicated support.
well it seems very little poeple actually agree with the Hong Kong compromise, everyone has their own idea of exactly how it should all go down in history.
this is horrible news...
Of course we don't agree. I support the compromise only because it would force Core to change it's requirement of unanimous consent to any big change. Either that or they renege on the deal and can be jettisoned from any future serious discussions. The terms are absolutely crappy. SegWit should be a hard fork. 2 MB needs to happen by the halving.
I would say a test of $300 would be more appropriate than merely $400, but this is Bitcoin, so who the hell knows? One million of the 8 million in recent leverged longs on BFX has closed already. That leaves only about another 17000 coins to be sold before overhead resistance is back to normal levels.
i agree with you 100% 2MB needs to happen sooner rather than later... but i'll put aside my preferences/beliefs and back anything that promises some increase block size in some way, and has a shot at gaining >75% hashing power.
it's good to know soon resistance will be back to normal levels. I do fear 350$ may need to be hit before this happens... oh well, we'll see, in end end i'm confident it will all work out
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