If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.
Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.
Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.
Your choice.
How sure are you that it will reach $10,000 overnight? What if it does crash more if it was implemented because there would be fears of the unknown again. Yeah segwit is good, but not everybody understands it even if they are even holding a significant amount of bitcoins. Any forks doesn't really guarantee that it would skyrocket to be honest.
Nobody can really be certain that it would hit $10,000 overnight, but I'll argue the fact that a softfork will always be better than a hardfork. Not for the sake of an increase in price but for certainty that it will not crash any further.
I guess all we can do is wait for August 1st and see what happens. Fortune telling in all honor but nobody knows what will truly happen.
Of course a softfork is always prefer, we don't really want another ETH/ETC fiasco on our hands do we? Besides that's a pretty bad image that it will leave.
If miners stop playing stupid games and really want the best for bitcoin, they would stop stomping on the hardfork drums of war, and they would activate BIP141 as they have been told by everyone worth listening to in the space. But what happens when you give stupid janitors the ability to vote on engineering matters? that they will don't do the right thing.
Enable segwit with no stupid hardfork drama, and see bitcoin skyrocket.
Break bitcoin in half, see the price crash, and see everyone involved in the forked chain going bankrupt, with the price going to 0 on Forkcoin, and with Bitcoin crashing but going back 3 years in price and taking another 3 years to recover.
Your choice.
How sure are you that it will reach $10,000 overnight? What if it does crash more if it was implemented because there would be fears of the unknown again. Yeah segwit is good, but not everybody understands it even if they are even holding a significant amount of bitcoins. Any forks doesn't really guarantee that it would skyrocket to be honest.
It's just a figure of speech.
Bitcoin is too big to grow 400% overnight, but it may grow that much in the months following successfull transition.
Doesn't sound that it was a figure of speech, more of he was certain it would happen. I guess it "could" facilitate a growth by that much. But really, it is not something that could boost the prices by that much.
I would say that the best thing that could happen to bitcoins so that we could reach that price is that it gets mass adopted. Like most countries doing what japan did.