THIS JUST IN....BTC LEADERS FINALLY AGREE ON SEGWIT CONSENSUS
Upon a little reading today I just found out and was alerted to the recent news that just hit the streets, the Bitcoin scaling drama has finally hit a consensus among top BTC players today. Barry Silbert (Digital Currency Group), Roger Ver (Bitcoin.com) and big scale mining players Jihan Wu (Bitmain) and Valery Vavilov (BitFury), have come to a general agreement at the currently ongoing Consensus conference in New York....
All involved have agreed to collectively enable the SegWit proposal for Bitcoin scaling!!
This means finally all the year of drama about this issue is over, the uncertainty...the constant back and forth indecision may finally be a thing of the past. Furthermore this should empower even more investors to take heed to feel more secure in their Bitcoin investments and one can only speculate at the enormity this could provide to coming weeks in chart uptrends. This news couldn't have come at a much needed moment for Bitcoin, as the number of transactions being stuck in the backlog has reached record heights in recent days. So SEGWIT will be enabled and finally turn the issues around.
Yes my friends you can breath, they finally listened to all of us...
Valery Vavilov, CEO BitFury said of this historic crypto currency moment this:
"We are glad that consensus has been finally reached. BitFury, along with vast majority, is fully supporting this historic decision. This is a very important moment for the ecosystem with this solution setting the new chapter for the Bitcoin technology."
I for one am so glad to know these guys may have drug their asses for a long time but came to the wisest choice for the crypto currency community as a whole.
Great Post! China, Japan, Australia adopting it as money has had these effects. it's the lighting of a rocket.. wait till all the people who have heard of bitcoin... but know nothing about it. Now imagine all the retirement money they have socked away in government sponsored funds that return 0%.. The stampede is only beginning.
My friend this a such a great time for us that found this early on enough to catch that second wave. I am so in hope this will further us and get that mainstream usage going so we can fix the issues in this world. I really appreciate the compliment on the article, tried to write it as fast as I could so everyone caught the news as it hit lol. Now I just wish I had not put most of my stuff in Alts lol....been holding on a few for a while, might have to rethink my investment strategies now even more but I have a funny feeling this will raise all of the coins, new blood coming in very very soon
you want to store BITCOIN as much as possible.
I hold a few atlos myself.. I use their sky-rocket performances to load my BITCOIN when the market allows me.
I also have learned that volatile swings do happen. patience is key when you cop a beating.
Very awesome and wise advice. I have always been kind of small time, just enough to get by and make ends meet but definitely need to start thinking bigger, between my Steemit slowly growing, my past work within PIVX and all this uptrends popping up like crazy everywhere, I must start thinking of saving in this area of Crypto lol. Really appreciate that advice, couldn't agree more
I'm in the same boat as you. It was if you described my own personal life.
without a paddle lol. My friend it always gets better, I am such a directed soul I refuse to ever give on up lol. Tell you what, crypto is and always will be the opportunity of a lifetime...just a matter of moving onto the right thing at the right moment
You are aware that still 95% of the world has never heard of BITCOIN!?!?!?!?!?!?
You are in at the right time.
It seems we may both be lucky this time!
This is a good read and a good news! Will read some more about it. Can you recommend some other helpful articles for this?
Really appreciate the compliment on this one, I rushed this one off as soon as I seen the information so hopefully I did the news some justice. If you want to read up more on this I seen a lot of articles already today floating around about this....the best one so far is from Coindesk here:
http://www.coindesk.com/bitcoins-new-scaling-agreement-reaction/
and this one here was a great read as well:
https://www.cryptocoinsnews.com/bitcoin-scaling-agreement-officially-met-segwit-2mb-hard-fork/
Hope that helps...thanks again
Big help! Thank you so much! Resteemed :)
I really appreciate the RESTEEM, hopefully this news brings big things for all of us
So no hard fork on the horizon then?
Its looking like the hard fork route is not happening, kind of amazed Roger Ver finally gave up the battle, gotta admit he stuck that one out for longer than I expected. Basically we go into firing up Segwit now, should clear up a lot of the issues. My biggest concern, will this really help the high transaction fees as I hear it should, if so then everyone is great but till I see that drop I will still be a bit on the fence if all the issues are completely resolved. I think though this was the obvious choice to get Bitcoin back on track with their users, positive more forward without having to do a hard fork
Assuming unlimited fans stop sending dust to bolster their argument, we might see a drop in wait times and transaction fees nice and quick.
This is great news
I agree, more users need to voice this concern about the fees and wait times. I probably would be holding more myself if its wasn't for these very issues and I will tell you this, its far easier to move money around in Alts than BTC has been lately. But I have a feeling this news today will finally start the process to getting Bitcoin back on track for the users, least I hope that is going to boost that side of their future plans.
Good Post , i'll follow
I really appreciate that, man that was the fastest I ever spit out an article lol...seen that lightning on this news and had to get it out to you guys. I followed in return and as soon as I get a moment I will check out your stuff and hook you up with a few upvotes. We are about to see some price soars I think, exciting moment today
Good information! Thanks for posting this 😊
Anytime....I been following this drama with Bitcoin and the Segwit stuff a while and as soon as I seen this today I had to write about it. Just glad they finally came to their senses. Have a feeling this is going to do some amazing things for all of us involved in crypto...even here down in Steemit land. Glad you enjoyed, I try to keep as up to date with the crypto stuff so if anything new comes up I will try to post as quick as I can for everyone
It's About Time!
lol...I know what your saying lol...I been screaming just do it all year.
Listen to this everbody mainstream is only laughing at bitcoin this was the view of An Economic Lecturer yesterday in Ireland.
https://www.todayfm.com/DermotandDave/podcasts/72044/Dermot-and-Dave---Bitcoin---Why
I wrote a blog about it earlier on Steemit
https://steemit.com/bitcoin/@dannyascork/bitcoin-discussion-on-today-fm-ireland-what-a-laugh
Waits till it hits $5,000! Best wishes everybody!
Great article, just checked it out and following you. I agree, as the dollar falls they are seriously trying to downplay our rise here but in the end the numbers never lie. I suspect they will have to admit the truth when its completely in their faces lol
Good post, I'm learning so much here. I swear you can learn more from the comments on Steemit than on most financial sites. (which seem so far behind) Thanks for the info. soaking up the knowledge...
My friend that is mainly how i learned how to use Crypto and what was going on within it. Seems odd but comments go a long way, I used to troll the old youtube comment sections a lot lol....and it really is a wealth of information when you really engage other users out there. Financial sites do help..they give the bottom lines but I think knowing what the users are into the most is a big key to crypto success. Feel free to comment anytime, I don't know it all but learning like yourself but always down to pass along info where I know something. Plan to do a bit more in depth crypto article writing as time goes on so hopefully you keep coming by, always welcome here
that's great to know. Thanks so much for the information. I think the crypto world is one of the most exciting things to happen in a long time. Even my 80 year old Mom is into it. She keeps telling me, "now I need to make sure you have all my passwords in case this coin blows up after I'm gone." What a great time to be alive!
Wow ! Awesome news , thanks for posting.
I know a lot of us been waiting on this day, had to write it up...the drama is finally officially over lol
I'm resteeming as well.
I really appreciate that...any help I can get out there is huge to me, still kind of young in Steemit but I think I am finally getting the hang of it lol. Thanks for the RESTEEM, I followed you and about to hook you up with some upvotes
Thanks man. Just wait till there's mass adoption, what a ride were in for !
Very exciting news indeed...
2017 is the year of Crypto lol...so amazing how far we are coming and to know BTC finally stopped the drama and pushed the Segwit button, think we are all in for an exciting summer ahead