Quote from: DannyHamilton on August 30, 2017, 08:09:20 PM

Quote from: relentless1 on August 30, 2017, 07:47:17 PM

Regardless of what they are trying to do with increased block size and transactions, could it mean we will have 4 coins?

BTC
Bitcoin cash
BTC SegWit
BTC SegWit2x

So one main BTC coin and 3 Alt coin?

More likely it will be 3 coins.

First there was:

Bitcoin

Then at the beginning of August Bitcoin split into 2 coins:

Bitcoin (which added support for the SegWit functionality and kept the limit on block size at 1 megabyte)
Bitcoin Cash (which increased the limit on block size to 8 megabytes, and did not add SegWit functionality)

Then in November, it is expected that Bitcoin (not Bitcoin Cash) will split into two coins that both want to call themselves "Bitcoin":

Bitcoin (keeping SegWit functionality and keeping the limit on block size at 1 megabyte)
Bitcoin (keeping SegWit functionality and increasing the limit on block sizes to 2 megabytes)

Since Bitcoin Cash will continue to exist at that time, there will be 3 coins:

Bitcoin (keeping SegWit functionality and keeping the limit on block size at 1 megabyte)
Bitcoin (keeping SegWit functionality and increasing the limit on block sizes to 2 megabytes)
Bitcoin Cash (which increased the limit on block size to 8 megabytes, and did not add SegWit functionality)

It may become confusing which "Bitcoin" a merchant or exchange is accepting.

Some may call the one with the 2 megabyte block size limit "2X", others may call the one with the 1 megabyte block size limit "SegWit". It will be interesting to see how the market comes to an agreement on what names to use for the 2 variants.

Great explanation! Thank you again.

I take it satoshi did not imagine this would happen with 1mb block size.

If we are to bring this main stream why not just increase block size to 500mb or at the rate of visa at 21k transaction per second. Is this too simplistic?