Post
Topic
Board Bitcoin Discussion
Re: will the bitcoin ecosystem learn anything from the August crash?
by
aTriz
on 17/07/2017, 06:02:55 UTC
So, it is already here. it was to be expected. the market do not want a fork and it shows it with a big fall and the market will be in this mood until the situation clears out. The fork will be imposed anyway because...reasons. pick the one you like. Your prefered excuse won't change the situation we are to face until mid August.

Now, the question, looking forward is, will the bitcoin participants learn something from this? is there any change to be expected on how bitcoin will develop in the future? is a change even desirable?

my impression is that as it is, bitcoin governance is better than free beer for propagandists and I do not see why this would change any time soon. Reason is dead.

People have already learned about the August 1 hard fork, and that is probably the reason why the Bitcoin price has to feel so quickly these couple of days, due to this pre segwit anticipation that has caused everyone to think that bitcoin will probably die soon and they will lose all their money. This is called pre segwit anticipation and is causing most of the people who have invested in Bitcoin to panic and then quickly sell it at around 2000 USD even though it is a loss.