Re: Bitcoin Exchanges Unveil Emergency Hard Fork Contingency Plan

Quote from: Lauda on March 17, 2017, 09:59:51 PM

Quote from: dinofelis on March 17, 2017, 09:34:17 PM

The notion of altcoin will not exist any more. Bitcoin will have become a coin like any other.
First mover advantage gone if ever that happens.

Wrong. BTU will be, per definition, an altcoin. I'm not going to comment the latter part, but it will surely have a negative effect short term. I guess this is what they wanted when they were "concerned with the user experience". Roll Eyes

Quote from: Henkkaa on March 17, 2017, 09:57:25 PM

Quote from: Lauda on March 17, 2017, 09:24:33 PM

These you have it folks, the economic majority is coming to a consensus that the BU implementation is an altcoin and will be listed under BTU. Cheesy

But won't BU still make bitcoin's price go down a bunch, if it hardforks?

I'm a bit confused of this whole situation. I tried reading about this in many different places, such as coinbase, and everyone keeps saying bitcoin will hardfork. That would then decrease the value of bitcoin?? I'm a bit scared of what will happen with bitcoin to be honest.

Yes; to be frank, it will be a "fucking blood bath". Whales supporting their own chain will be dumping the other chain to the ground in hopes that their chain is significantly stronger than the opposition.

These blood letting portends no good experience for the average user, whales stands to buy back at ridiculous low prices, while average joe might have had a chunk of his worth and purchasing power gone with the wind. What to do now Huh

Guess the time is ripe for migration while these two elephants make a show of their sizes.