Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I'm going to guess that the way Bitfinex has handled the debt is illegal on multiple levels and they are going to be hearing from the likes of CFTC again. You don't see anything like this happening in the real world.
Well,it's Bitcoin & Hong Kong....any more questions??
Well I'm waiting for the pissed off (loss of face) China miners to announce an 8mb hard fork due to issues with such a timeline by bitcoin core...only reason we have not heard such
by now is Bitfinex mess..but wait for it .won't really effect me in that I mine LTC and BTC and hold mostly..but man the price will dump again imho on this new FUD fruitcake.
crypto: more drama than a Mexican soap opera
This is totally off base. Miners have been brought to heel re: the Blockstream vision, high fee, low throughput main chain, with payment channel contracts (LN) overlaid for the transactional layer. If they were going to do something else in the next 12 months, you would have heard about it by now.
This is not to say a fork is out of the question. It wont come from the chinese miners though. It would be a spinoff coin, using the utxo and ruleset of Bitcoin, but without the 1MB4EVA and soft fork salad upgrade path. It will use GPUs for security, and will try to compete as a small minority fork, like ETC. If it receives any kind of demand, it could easily begin taking hash away from ETC and ETH. More decentralized mining, and higher throughput, free market capitalism will find a way.