What are your ideas about Bitcoin price action in view of the 1 August 2017 deadline? Love to hear your thoughts from a technical perspective.
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What are your ideas about Bitcoin price action in view of the 1 August 2017 deadline? Love to hear your thoughts from a technical perspective.
I wouldn't worry about the August 1st deadline too much. Any attempt at a UASF (essentially a Sybill attack on the Bitcoin network) without miner support is utter lunacy and doomed to fail. If the UASF goes forward, all that will happen on August 1st is a bunch of nodes will fork themselves off the network onto a chain that will probably never have a single block mined on it. Anyone can spin up many full nodes for next to no cost, so the count of full nodes is in no way representative of the "economic majority." The real economic majority will never follow a fork without majority support from the miners, as such a fork would be trivial to 51% attack.
I do not worry so much about a fork. The most popular one will win and that is how Bitcoin was designed. Any fork is a good opportunity to buy cheap coins.
Honestly, its all noise. Crypto is here to stay, it will weather storm after storm.