Post
Topic
Board Bitcoin Discussion
Re: Activation of segwit via BIP141 = $10,000 overnight
by
MingLee
on 09/07/2017, 17:30:27 UTC
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.
You're expecting way too much of them though bud. There is no way that they would do anything but drum up more drama so they can farm as much value as they can off of the fees they get from transactions. If they didn't have the extra money flowing in then chances are they would be a lot more comfortable with pumping the value of something they ca already easily pull value from. Nowadays that isn't something that should be expected, at all really.