Post
Topic
Board Bitcoin Discussion
Re: Bitmain announces plan to create altcoin if BIP148 succeeds
by
pokapeski
on 14/06/2017, 17:28:53 UTC
After thinking about it for not too long (and after cuddling in foetal position for some good 10 minutes realizing how consensus-less fanatics have provocked this abrupt awaken of a beutiful dream) by now I am cashing my BTC immediately.

This is actually great news for Bitcoin holders (seriously). People are dumping for dumb reasons (is it news to anyone that there is a contentious scaling debate)? Meanwhile, the major obstacle to scaling is declaring that they are going off and creating their own altcoin, and in doing so signaling that BIP148 must have greater strength than generally realized, which means it is likely to succeed now.

In short: Bitcoin price is down at precisely the time when we can see some light at the end of the tunnel.

I beg to differ here, mate. features appart, bitcoin is a currency and as such it has to protect value. All this frenzy TV-soap with unilateral UASF is the kind of idiocy that bitcoin could have helped to prevent a long track of idiotic monetary policies in different countries where people had been exposed until now. Stronk Bitcoin is a clear message to authorities declaring that if you screw your monies I flee to bitcoin and screw you. This last chapter is a pathetic show on how we as a community are not able to represent a decent alternative to any fiat currency. as sad as it makes me writing this.