You are viewing a single comment's thread from:

RE: Govt-sponsored Segwit is DOA (Dead on Arrival)....Here's why:

in #bitcoin7 years ago

Interesting pessimistic (to market) view of it. But now I am curious about your prediction. Do you also believe people will like to keep the coin (BCC) once there's a chance to flow value from one chain to the other (BTC-BCC)? Miners can also see the big picture, right? Therefore won't it be too obvious that if a chain like BCC gains so much value, that it could suffer a big punch afterwards? And then, there's the rest, like adoption by the entire community...

Anyway, it will be interesting to see how it goes. I would say also a fork is inevitable, but just because confusion has already begun, and after that, there is only chaos... Crypto is hard to control, and therefore things like segwit or bigger blocks, will all eventually end up in "a" chain of BTC. Forked or not... it's just a matter of time. This is my view.

Sort:  

If BitcoinCash gets any significant hashrate, it will snowball fast because it will be so much cheaper to transact on the BitcoinCash chain, no one will want to use the 1MB limited segwit chain, so miners will stop mining it.

Yep, I get it. And something definitively worth watching, but currently they are not a big player. 2k BTC of daily volume is not yet to be considered attractive. But I see your point. Not sure though if the snow ball you mention would be something quicker than the other developments that usually follow up after discovering something is not right. But let's see. Fingers crossed.

Coin Marketplace

STEEM 0.29
TRX 0.11
JST 0.031
BTC 70098.52
ETH 3942.97
USDT 1.00
SBD 3.70