Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 24/06/2019, 20:03:56 UTC
Bitfinex to introduce 100x leverage...

The Rogue Wave and coming nosebleed ATH and collapse of Core BitcOn (perhaps to ~$775 at the halving).



So we all need to move our coins to legacy addresses?

The downside to keeping hodl stash/cold storage coins in legacy addresses is that you'll probably have higher transaction fees when you finally move them.
The upside is that you'd avoid any potential segwit based attacks on bitcoin, like if miners decide to take all the segwit coins.

So, I guess you have to balance the estimated future fees for non-segwit transactions with the estimated potential for miner theft.

Another set of downsides is that you are not supporting segwit, increasing the likelihood of a segwit attack through your nonsupport and supporting the FUD spreaders predictions by doing what they want you to do..  You can do what you want, but don't you find it a bit problematic to try to get others to do the same, especially when it remains a kind of attack on bitcoin's current direction involving segwit and based on incomplete information of BIGblocker FUD spreaders?

So, if I keep my cold storage coins in a legacy address, how does the affect anyone but me?

Attacking segwit isn't going to accomplish much at this point anyway. That battle was already fought, and the pro-segwit side achieved a decisive victory. I agree that any negatives about segwit will remain big blocker talking points, as they try to make BTC look weak. That doesn't mean there aren't still legitimate criticisms of segwit, and lightning, for that matter.

I said my piece already, so no need to repeat further (at this time) and I will likely engage with anyone spouting out anunymint nonsense talking points.. so let's see where it goes. 

Hopefully, it is largely a dead topic, but I doubt it.. these kinds of nonsense anti-bitcoin talking points do seem to come back to life on a fairly regular basis.. like freddy krugger from nightmare on elmstreet or michael myers or jason in friday the 13th