I wouldn't dare pretend to know anything about the blockchain crisis with Bitcoin.
But wow, does anyone? We've had this month long crisis with prices tanking to almost pre-April prices, thousands of pounds, sometimes tens of thousands just being shaved off people's portfolios, and for what?
Phantoms, ghostly promises of blockchain splits that as of yet seem completely unfounded. Are people really such scaredy cats?
The goal is to reach an 80% consensus for whichever protocol, and BIP91 is reaching that consensus. In fact, as I speak, money is once again leaving altcoins and entering Bitcoin. After August 1st it's quite possible that Bitcoin will reach never before seen heights.
So...how unnecessary was all this!
The only thing this will do is make the brave investors richer, and the 'weak hands' look stupid.
If you want to succeed you have to be a bit more savvy than that boys if you want to get one of these:
I've been in crypto for a while, and its fun for me, I guess I do have goals I want to reach (Japan, Japan, Japan) but I'm not so desperate that I would reach for a rope if I lost everything. I can't imagine the horrors of those who've lost actual investment principal during this crisis. I (am simply down on profits).
When I was on holiday last month, my profits were £8000, now I'm down to around £2000, I want that 8k back, and I'm sure when the bull run comes after this segwit nonsense is over, I'll have that - AND MORE.
So take heart, and by god, don't have weak hands right now.
