 Bitcoin is difficult to attack head on. It is decentralized and is designed to get stronger with each and every attack. Who might want to attack Bitcoin you ask? Well, Central banks and Governments do not like Bitcoin and crypto currencies because it threatens their global power and ability to manipulate global affairs by means of their Fiat currencies. So far it boils down to this. If any individual, corporation or government is against Bitcoin and crypto currencies, than they have criminal intent. They are profiting from the current corrupt Fiat monetary system and do not want any changes to take place. This is the epitome of evil and selfishness of evildoers. This type of thinking loves the oppression of people, as long as they are on top and benefiting from the suffering of others. Bitcoin eliminates the financial injustices of today's monetary system and creates a fair equitable playing field. Bitcoin Hard Forks are basically nuisance attacks. These are delay attempts to try and discourage the adoption and use of Bitcoin. These enemies of crypto currencies are hoping to stall the inevitable. They are trying to create a perception of drama and lack of cohesiveness in the Bitcoin community. Will we see more Bitcoin Hard Forks in the future? Yes, however, each and every subsequent Hard Fork will have less and less of an impact on the Legacy Core Chain. Will we see a possible fork in November of SegWit 2X? Maybe. If we do, it will have less effect than Bitcoin Cash (BCH)had on August 1st of this year. The first Bitcoin Hard Fork of the BCH will always have been the biggest test of Bitcoin's (BTC) legacy chain. All of the drama surrounding this fork, lead to certain FUD and the temporary price decline of BTC. The fork caused confusion among exchanges, hard wallets and miners. Enough time has passed now, that the market has settled in and the price rebound has begun. The majority of crypto adopters understand the difference between the two chains and which ones they support and why. If we do have another Hard Fork in November with SegWit 2X (using a mandatory 2 mega byte block), the drama will be brief and once again, people will support their favorite Bitcoin version. It seems to me, that those who support BTC and the original Core development team will never be shaken. BTC has dominance and longevity. BTC is scaling at the appropriate speed. BTC will have improvements such as the recent 0.15 protocol which will allow for fee estimations on your BTC transactions. BTC has adopted Segregated Witness and is working towards Smart Contract's, anonymity signatures and more. The recent sell offs that we have seen in Bitcoin and other crypto currencies/tokens is healthy. The market is getting rid of weak kneed participants (which probably did not belong in this market in the first place) and replacing them with "Hard Core" adopters. Yes, Bitcoins are ending up in the cold storage wallets of long term thinkers. Those of us who know the value of the blockchain and of Bitcoin are holding and storing for generational wealth. We are not easily shaken. We will never panic sell. We are the backbone of the blockchain and crypto currency global adoption!
author | jetblake |
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permlink | bitcoin-hard-forks-is-another-name-for-nuisance-attacks |
category | bitcoin |
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wakeupnd | 0 | 19,163,650,224 | 18% | ||
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I'm not that techno in the terms of the blockchain of just what is happening with the hard forks and segwit, but I do agree with your analytical thought process of who wants to hack into and try to manipulate it. Use scare tactics and call it a money of criminals, the governments and more so the bankers. They are losing billions in fiat money as dollars being dumped for crypto. It's the same as silver and gold, smack it down and say it's not worth buying, I say buy all three as much as you can.
author | buster544 |
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permlink | re-jetblake-bitcoin-hard-forks-is-another-name-for-nuisance-attacks-20170918t170100883z |
category | bitcoin |
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buster544 | 0 | 7,362,056,336 | 100% | ||
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You are 100% correct. I agree, all Fiat currencies are junk and on their last leg. I buy all three myself. I buy every 10 days regardless of price, gold/silver coins and crypto's
author | jetblake |
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permlink | re-buster544-re-jetblake-bitcoin-hard-forks-is-another-name-for-nuisance-attacks-20170918t170803773z |
category | bitcoin |
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buster544 | 0 | 7,220,478,330 | 100% |
Every 10 days? That's great! I may get a few a month but you my friend are doing fantastic if your able to buy into this that often. Definitly agree with that, buy and buy some more.
author | buster544 |
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permlink | re-jetblake-re-buster544-re-jetblake-bitcoin-hard-forks-is-another-name-for-nuisance-attacks-20170918t171316552z |
category | bitcoin |
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