Quote from: Afrikoin on October 09, 2017, 11:15:52 PM

will be interesting to see Bitcoin eventually change current POW algo

i am especially interesting in hearing arguments supporting this *new* move and actually follow through with arguments.

Bitcoin doesn't excite me anymore like it used to. TBH

A large part of that is the decline in community quality, Bitcoin core spiraling into egos and broken promises. i Have trust as top of my list as preferred qualities.

I cant believe Core actually back pedaled on SegWit2X?! Doesn't matter what arguments you make. They intentionally misled a whole consensus process to get what they wanted.

I am laughing because i dont see how they can be trusted anymore.

Bitcoin Cash proponents always said Core would not keep their end of the deal regarding 2X. Surreal watching it play out now.

You have your facts wrong. Core was never involved in SW2x.

You sold BITCOIN over a year ago, because you thought it was going down. And it has done nothing but go up. There is a part of you emotionally invested in being "right" instead of getting rich. Yes, we know you "decided" there was a better opportunity to make money with alts, EXCEPT now alts are in what will probably turn out to be a looooong bear market. And BTC continues to go up.

Meanwhile the next 6 weeks before the fork will probably be bullish as people dont believe the FUD anymore about price crashes due to the main chains resilence in the face of the last fork. Therefore, people are buying to get 2 coins for the price of 1.

And before you say that the legacy chain will die in this next fork or will need to be saved with a POW change, let me break it down for you EXACTLY how it is going to go down. And please feel free to bookmark this post.

One of two things will happen.

A. (least likely) Segwit2x will fall part before it begins and never happen.

B. (more likely) Segwit2x will fork with 70-90% of the hash power. The legacy chain will have very slow blocks before the difficulty readjusts. So people will not be able to send BTC to exchanges to sell. Meanwhile B2x will have much faster blocks and so people will be able to send coins to the exchanges to sell. What doest this matter? Well it matters a lot, because all the major exchanges will have the legacy chain remain BTC and the new coin be B2x. B2x will have a price much lower than BTC and as people start selling, the price will go even lower. This will create a situation where miners have a choice to lose millions of dollars a day OR switch back to the legacy chain. Of course, they will switch back because B2X will not be profitable.

And thus, in what might be one of the biggest ironies of bitcoin history, this fork will show the world that miners don't have any control. They are in a business of expense and reward, but one of no power.