Wild night of trading, If you participated I hope you had a great time. I know I did. :)
Woke up to check on a morning pump and saw this statement from Bitcoin Cash's CEO
https://www.bitcoincash.org/letter-from-the-ceo.pdf
We’re a young community and eager to win the future – not just disrupt some old irritating players in finance, but actually win the future. And as the Chief Executive Officer of this young movement, I carry a special burden of not repeating the grave mistakes and mismanagement of our predecessor and spawnpoint. It was first observed by resilience expert Vinay Gupta, that while Bitcoin has an enormous technical resilience, it has – had – no more resilience against social bickering and bitter infighting than any other randomly chosen sucking project. As events have played out between 2015 and 2017, we know just how correct Mr. Gupta was, while everybody else was feeling invincible. In short, to succeed, we need the social dispute resolution mechanism Mr. Gupta called for. At the same time, this cannot be a mechanism that allows an adversary to slow us down, or even allow ourselves to slow us down, for we have seen what happens then all too closely, and at far too high a cost. But we also tend to be people who don’t take no for an answer, and we need to factor that in. So what happens when two of us do not agree? What is the outcome when we want different things?
What are your thoughts on the wild market swings? I don't think Bitcoin Cash will win the Bitcoin war, but it might provide us with a few more epic market swings.
Stay Tuned.
