Re: Coindesk: If hardfork with BTU, major exchanges will list it as an Alt Coin

As per Coindesk: In the event of a hardfork with BTU, major exchanges will list BTU as BTU or XBT.

Source: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

Let me repeat this, BTU will be an ALT COIN NOT BITCOIN!

Expect prices to drop.

You can bet they are going to fight over the name, since they will argue they are the real bitcoin if they get enough hash power to attempt a hard fork, that will not be true of course, but they are going to still argue for it because the one that keeps the name will probably win a little popularity.

I doubt there will be any kind of fork any time soon if ever.

It's still reason to question what would happen if a hard fork actually occurred. And at the time that they made the statement, the hard fork was appearing more imminent than it is now that I've concluded a consensus will never be reached.

I see only 2 likely outcomes moving forward.

1. Contentious hardfork with multiple chains/coins (2-3).

2. Desperation consensus due to rapidly declining value.

True. Lets fork already and destroy the price to let it grow afterwards. Thats better than doing nothing and letting altcoins getting btc's marketcap. I am sure that the price will recover after a hardfork. I just want bitcoin to move otherwise it could be too late.