Here we go again, another group of people have decided to issue a hard fork on bitcoin come block 499,999 in which a new coin will be created called LBTC or Lighning Bitcoin. This blockchain is designed to allow for 24 million transactions in a day or roughly 275 transactions per second.
While this would be a large jump in the number of transactions a block chain can handle it is still a far cry to what is needed for regular day to day transactions. LBTC is said to acomplish this by using a new system called DPOS which is a like a POW system however DPOS allows for holders to vote.
Also guess what yet again another leader from China go figure.... Ever since BTC regulations they have been trying to hard fork the coin to create one that is not regulated just like with BTC Cash and others in which yes I take a firm stance on and do not support.
ANYWHO... That means come December 23rd 2017 or a bit sooner or later depending on how fast blocks are mined we are in for some more free coins which as we have seen in the past has always increased BTC price.
This along with BTC becoming traded on stock exchanges December 11th should mean we could possibly see a solid 15k by end of year. A far cry from the predicted 5k just 6 months ago.
So many hardforks..
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Interesting.
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Keep trying till we get it right :-) This Baby is still shitting in its pants, walking is down the road yet. LOL
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This is starting to get a little ridiculous. (Actually a lot ridiculous).
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Of course it is ridiculous. when a token suddenly goes from 2000 to 10000, it goes that high because of being ridiculous. If there is that much money to be made in a month, there must also be associated risk. And these stories about forks and government interferences maybe are the reasons for this volatility. We are too early in the crypto era. So i suspect way more ridiculous things will happen then what we are witnessing right now. While I'm sure blockchain technology will survive the coming era, I'm not sure if Bitcoing will.
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Just as it reads here. What a shame. Bitcoin never deserved such a treatment:
https://steemit.com/bitcoin/@melip/the-bitcoin-game-of-manipulation-dare-to-think-outside-bitcoin
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How the fook do I get in on the free coins this time?.. Add me to find out-Nah jk I don't know
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free coins ...yeyyeeeyy
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This can make the price of Bitcoin jump only if the hard fork is popular enough. If we consider the Bitcoin Diamond hard fork, it did not impacted the price of Bitcoin with a penny. This one may be different, who knows?
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So an ICO for the purpose of free money is too difficult these days. Just make a BTC fork and have a Lamborghini for free.
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Very nice post...@bitcoinflood .... Bitcon is really a good investors... for those who get little or much of it by now..
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Good to be extra cautious and keep and eye on movements, thanks for update @bitcoinflood
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