Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
dumbfbrankings
on 07/06/2016, 01:45:17 UTC
The facts are more or less that XT/Classic failed to provide sufficient evidence or logic to support a protocol change that would involve a hard increase in the blocksize limit.  Accordingly, since there remains a lack of consensus for such position, there is no obligation for anyone to attempt to implement such a unnecessary change... that is only supported by a very small minority.... accordingly, the status quo continues, in which bitcoin is not broken.. and likely seg wit will be implemented and also achieve a consensus after a large majority of sensible folks realize that it is not controverted.

Incredible how easy it is to manipulate opinion online.  There was a conscious effort to give the appearance that there was more support among the community for a contentious hard fork than there really was.  Every time something Classic was brought up, market dumped.  Now that the smoke has cleared, Bitcoin is mooning.  Hmm...  wonder what the market wanted. 

The market wanted one of the most powerful miners to block the rewrite of Bitcoin contained in the Segwit Omnibus Change-set unless Blockstream relented on their stubborn refusal to HF increase the max block size, obviously.

See how fun this is?


Nah, I kid, you're probably correct that investors just really like a global wealth storage and transfer system with a throughput of ~3.5 tps.