Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Ibian
on 28/06/2018, 19:53:44 UTC
Welp. We know how high level money and power works. When it's financially worthwhile to do so, someone will get together the required processing power and buy off the proper authorities and make an honest attempt to steal segwit coins. Whether it succeeds or fails, it will be a big blow to the faith people have in the system (bitcoin in all its forms, authorities, moneyed people (us, even if simply by association)).

Just the first line in your post sold it for me. What in the actual fuck.

I feel dumb. I've been a segwit cheerleader without knowing all the facts. I see now that some of it is tribalism, as you mentioned earlier.

Anyway, it's what we've got now, and I still support Bitcoin. I won't be keeping my cold storage coins in a segwit address though.
Group identity is a powerful thing. What's important now is what to do going forward.

I didn't even know why it might be bad, I just had a funny feeling due to the lack of open discussion of its pros and cons. When only one side is being talked about, it's time to be careful.