This is going to have serious implications for Bitcoin and I want to hear your thoughts and opinions.
Here's what I know so far:
- A mining company that has about 30% of total hash power wants to hard fork and create Bitcoin Cash.
- Futures for this are trading on a few Asian exchanges at a current price of $422 USD.
- They want to implement an 8mb block size.
- There are going to be trading and service disruptions.
- Many are advising not to transfer (send/receive) Bitcoin on August 1st or for about a week afterwards.
I have read comments on prominent YouTube channels which specialize in Cryptocurrency.
Some are saying they will dump Bitcoin Cash as soon as they can.
Some are saying this will be a benefit by providing cheap and fast transactions.
Then there's the speculators who say they will buy Bitcoin Cash after the price drops.
Are you taking a firm position or a particular side?
Sources:
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~prep4shtf