Keep calm
Bitcoin isn’t going anywhere and SegWit no matter what your opinion, is after all a ‘soft fork.’ However, there are forces at work that may be trying to move Bitcoin from its core principles as the People’s Network, the Internet of Money, trusted, fair and transparent to a darker place.
It is inevitable the old thinking of greed and fear will try to turn Bitcoin into a mechanism for a few to make money. For me, as a Libertarian, this is my main concern and must never be allowed as we will be back to square one.
As Fractional Reserve Banking implodes and central banks continue to print too much money and countries like Japan with -245 percent GDP to debt will never catch up, Bitcoin is the future and may be the only financial system that works as the next crisis emerges from the US once again.
It is likely price volatility will increase as we await the outcome of SegWit and for Bitcoin users, there will be some adjustment required as different wallets are needed for different purposes. But your BTC remains safe for the time being and price should start to move in the right direction through August.
The transition period will be tricky. Traditionalists are intent on standing their ground behind the current network, and where the enterprise movement will favour the economics of SegWit, albeit they may have sensible intentions may open the door to collusions, further concentration of power and new cartels entering the network the result of which is sure to create a Hard Fork event…
Stand by your beds. The story of Bitcoin is going to get more interesting, more dramatic and why we are making a mini series about it called “21Million” as this story has to be told…
