As we seen back in August last year the scaling debate split the bitcoin, however, if you've been long enough in this space, you'll know how dirty that debate goes on.
*Note: The main topic is on point number 3.
1. Censorship.
You can find so many evidence about this one.
medium.com/@johnbloc...-bitcoin-c85a290fe43
2. There is a possibility of False Price Appreciation.
It has BTC handle despite it's not the same coin, it's actually a fork.
**you might want to say, but it's backward compatible, etc, ok that's true,
but what's the option to move on? I mean it decide a path, it forced another client to follow the soft fork. in case suddenly segwit is somehow gaining mass support like 90%+, well the old client won't recognize the transaction, and well you know it forced to go along.
This problem causes a confusion, I am sure many people won't realize that it's not the same coin anymore. (Both of it are a fork, well you can asses yourself which one that have the more similar characteristic to the old BTC).
TLDR; Both coins are a fork.
"soft forks clearly institutionally favor coercion over secession, whereas hard forks have the opposite bias"
vitalik.ca/general/2...rks_and_markets.html
3. This is the main topic: If you're a miner (SHA-256), What will you do? (Assuming there is no single coin that profitable to mine.)
There is an argument out there "Miner won't sell the coin because it's not profitable, they will hold the coin."
Well, Will them? I don't think, everybody gonna risk their capital to wait the price goes up,
there's always the people or a group that want to sell the coin first to cover up their capital as soon as possible.
What I can think of:
*Miner will sell the coin and reduce the production.
*Miner will sell the coin and stop mining.
--->Both options above cause the transaction slowed down or stuck which can lead FUD that drives the price down.
Unrealistic path:
*Miner will hold the coin and still gonna mine it as usual.
If this option is viable, they still need to sell some portion of their coin to cover up the cost,
probably by placing a lot of coin in the order book which can lead to a huge resistance at some price point. (in the profitable area).
--->I think this option is just like a time bomb if the resistance is not broken,
The Support needs to cover their production Cost.
A way out?
The major resistance must be broken, but who will take a risk to sacrifice their capital?
data.bitcoinity...oin/hashrate/7d?f=m5&g...
bitinfocharts.com/co...ce-hashrate-btc.html
Based on this BTC dominance chart, the supporter of bitcoin already split into many coins.
coinmarketcap.com/charts/
What do you think? will BTC gonna be survived with the decreasing hash power and 1 MB blocks? how about the whales?
Thanks for reading, I am sorry if there are some grammatical error, bad vocabulary and writing structure.
*Note: The main topic is on point number 3.
1. Censorship.
You can find so many evidence about this one.
medium.com/@johnbloc...-bitcoin-c85a290fe43
2. There is a possibility of False Price Appreciation.
It has BTC handle despite it's not the same coin, it's actually a fork.
**you might want to say, but it's backward compatible, etc, ok that's true,
but what's the option to move on? I mean it decide a path, it forced another client to follow the soft fork. in case suddenly segwit is somehow gaining mass support like 90%+, well the old client won't recognize the transaction, and well you know it forced to go along.
This problem causes a confusion, I am sure many people won't realize that it's not the same coin anymore. (Both of it are a fork, well you can asses yourself which one that have the more similar characteristic to the old BTC).
TLDR; Both coins are a fork.
"soft forks clearly institutionally favor coercion over secession, whereas hard forks have the opposite bias"
vitalik.ca/general/2...rks_and_markets.html
3. This is the main topic: If you're a miner (SHA-256), What will you do? (Assuming there is no single coin that profitable to mine.)
There is an argument out there "Miner won't sell the coin because it's not profitable, they will hold the coin."
Well, Will them? I don't think, everybody gonna risk their capital to wait the price goes up,
there's always the people or a group that want to sell the coin first to cover up their capital as soon as possible.
What I can think of:
*Miner will sell the coin and reduce the production.
*Miner will sell the coin and stop mining.
--->Both options above cause the transaction slowed down or stuck which can lead FUD that drives the price down.
Unrealistic path:
*Miner will hold the coin and still gonna mine it as usual.
If this option is viable, they still need to sell some portion of their coin to cover up the cost,
probably by placing a lot of coin in the order book which can lead to a huge resistance at some price point. (in the profitable area).
--->I think this option is just like a time bomb if the resistance is not broken,
The Support needs to cover their production Cost.
A way out?
The major resistance must be broken, but who will take a risk to sacrifice their capital?
data.bitcoinity...oin/hashrate/7d?f=m5&g...
bitinfocharts.com/co...ce-hashrate-btc.html
Based on this BTC dominance chart, the supporter of bitcoin already split into many coins.
coinmarketcap.com/charts/
What do you think? will BTC gonna be survived with the decreasing hash power and 1 MB blocks? how about the whales?
Thanks for reading, I am sorry if there are some grammatical error, bad vocabulary and writing structure.
Comment:
Hello, here's some update.
At this level of price, the hash rate won't keep up.
No worries! I have some proof that the price actually the ecosystem.
Price ---> Hash rate ----> Unconfirmed transaction----> (Diff adjust? Approx. Nextweek) -----> Too many Unconfirmed Transaction FUD? ------> Price.
blockchain.info...s/mempool-count?timespan=6... oh look, it's raising.
Here some "Tech-analysis". :/
At this level of price, the hash rate won't keep up.
No worries! I have some proof that the price actually the ecosystem.
Price ---> Hash rate ----> Unconfirmed transaction----> (Diff adjust? Approx. Nextweek) -----> Too many Unconfirmed Transaction FUD? ------> Price.
blockchain.info...s/mempool-count?timespan=6... oh look, it's raising.
Here some "Tech-analysis". :/
Comment:
Typo: Affect the ecosystem.
Comment:
Correction: The adx trend's Strength Value is topped at 65 before not 80, I'm sorry, I mistaken the 8 as 6.
Trade closed: target reached:
Woops, Forgot to update this post.
As we see the price is in favor with this post.
The question now, Will there be any squueze to 5-6k.
1. Yes
2. No
Is it possible to not have any correction?
YES, why? Big Money tends to do deep research on commodities,
If you don't believe it, try to mention at least 3 Fundamental aspect on Why you have to buy Bitcoin, Try to answer it under one minute below in the comment section.
Fundamentally, not the stupid thing like it goes to the moon lol.
As we see the price is in favor with this post.
The question now, Will there be any squueze to 5-6k.
1. Yes
2. No
Is it possible to not have any correction?
YES, why? Big Money tends to do deep research on commodities,
If you don't believe it, try to mention at least 3 Fundamental aspect on Why you have to buy Bitcoin, Try to answer it under one minute below in the comment section.
Fundamentally, not the stupid thing like it goes to the moon lol.
Let's see how the miners and the whale reaction.