Bitcoin still has a problem

In my previous post (https://steemit.com/bitcoin/@firemonkey/bitcoin-has-a-problem) I signaled a problem with bitcoin. Some major miners had switched from mining BTC to mining BCC leaving the BTC blockchain with insufficient hashing power to process all transactions. For now the problem has been solved because big miners as Antpool, BTC.TOP and F2Pool seem to have switched back to mining BTC.

This may however be a temporary solution because the general expectation is that Segwit will be implemented succesfully within 4 or 5 hours and that the BTC exchange rate will profit from that. After the implementation of Segwit however the discussion on the 2MB blocksize will continue and another hard fork seems inevitable. After that fork we will have three bitcoins: BCC, BTC1 (Bitcoin Core) and BTC2 (Segwit2x). If Blockstream doesn't support Segwit2x nobody really wants BTC2 because that was just a compromise to achieve bigger blocksizes and to avoid a fork. My expectation is that in anticipation of the fork most miners and many nodes will switch to BCC. The problem I mentioned in my previous post will return and the exchange rate of BTC will soon be affected by this.

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