On today's episode of The Cryptoverse:
You’re not going to believe this, but Bitcoin Core just made a change to their software that makes it incompatible with Segwit2x which may result in another split to Bitcoin in November.
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So disturbing. Makes me keep my trust (and transactions) in the stability of litecoin. Where does Lightning play in all this? I thought the whole point was to lower transaction time and fees. Is that being accomplished by any of this?
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Bitcoin Core developers want to implement the Lightning network and keep the block size small so as to let as many people as possible to run full nodes. They completely oppose a 2MB increase not only because of centralization fears, but also because it's too rushed.
From what I've seen, SegWit2X developers also have no plans to support the Lightning Network, but it's 100% certain that we'll be getting it on Bitcoin core now that SegWit is due for actiation.
If you'd like to read more about this, check out this post I've made on what's next for Bitcoin.
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Thanks for the link, will check out your post!
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Awesome comment, thanks for that!
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I've been into Bitcoin for a year now and I am sick and tired of this Bitcoin Civil War you spoke of. While the drama and struggle between groups keeps things interesting, it is anything but professional. I believe it is high time for this Bitcoin community to begin acting as professionals and pull together for the strength of Bitcoin and not apart. For my part I am going to start by making sure I run a wallet compatible with Segwit2x, and then start leaving positive pro-professional conduct comments on YouTube channels like "The Bitmeister" encouraging these creators to stop the name calling and civil war rabble rousing, and start getting back to serious coverage of what is going on in the world of Bitcoin and why.
Thanks for your observations @marketingmonk. This video struck a chord in me.
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Hopefully this next hard fork goes as smooth as the last one did (although my gut is telling me the coming hard fork might be a little more messy then the last one, with a bigger division in support between the 2 camps then BTC/BCH had last month).
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Thanks for the videos, I've been watching on YT and glad to see you on Steem!
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Glad to see you too
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This makes me sick! The cryptoworld is becoming a joke! Sad
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This will increase FUD in the community again, not neccesarily a bad thing. Alot of knowledgeable investors will take any dips and capitalize, increasing their portfolio size by leaps and bounds.
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Segwit has been approved by over 90% of miners. Segwit 2x (increased blocksize) could happen after segwit, but no guarantees. I think users will use the Bitcoin Core version that priotises usability and functionality over mining profits. If Core do fork it would be a great thing as it would prove bitcoin's democratic feature
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On the one hand, another split may result in even more free money. On the other hand, another split may hinder mass adoption, thus ruining the whole foundation of bitcoin.
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I'll just leave this here for you to ponder about.
https://pastebin.com/n0aGBMQr
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follow me i will follow you and upvote all your future post lets work together
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