Hey guys, Been spending a lot of time searching the threads for a good description on the upcoming fork, found bits and pieces but nothing complete. Also what is a fork in general.
Can you explain what exactly will happenn and why? Explain it like its your 5th grade cousin. BTC Thoughts?
The November event is actually an attempt by Central Bank Oriented people to destroy bitcoin. It is similar to Bitcoin Cash. All are futile attempts to destroy Bitcoin. They are always complaining about scalability. Even though Bitcoin Cash and Bitcoin Gold does not even know how to address such problems. Increasing the block size is stupid. You will need to increase it periodically maybe every 5 years or so. Which is stupid. As stupid as the Central Banks.
I agree with you, the block size doesn't completely solve the scalability issue. Five years is a long time in software. If that was all that was required I think that wouldn't be an issue. I'm surprised they aren't ok with at least alleviating the problem in the short term.