Bitcoin Diamond - Another HF with Chain Split for BTC?
While B2X was canceled guy called BitPico (or group of people) decided they will still go on with the fork and split chain.
But today there was another HF with split announced for GPU miners (like Bitcoin Gold) called Bitcoin Diamond.
Bitcoin Diamond raised the block size limit to 8MB as part of a massive on-chain scaling approach. There is ample capacity for everyone's transactions. The speed of generating blocks will be increased five times and the ultimate goal is to improve transaction confirmation speed for the entire BTC blockchain.
Whats interesting is that they claim to have some exchanges listing support.
So i would say its still worth to keep your BTCs in wallets since we dont know how many splits and free coins can come out of this.
Lets check previous split chain - BCH/BCC
Will splits of BTC and popular coins become "the next ICO" hype? Time will tell.
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8mb? Can't these guys come up with something more original?? BCH already has 8mb you dumbshits.
I know right 😑
No more forks. I want my alts to rise!!!
I hope it forks 100 times. I like getting free coins.
Keep on forking! I could use all the free money I can get!
Time will tell. Wow and but so many split can all of this really help.
I tried once sending bch to exchange and it took me 6 hours plus to receive it.
bch is not meant to be fast it meant to be cheaper. Yes speed was also an issue but the fork was more over the fees
Guys there's something really cool going on RIGHT NOW
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Since I wrote it it's another 15% up.
LOL now BCH is over $1000 per coin. It is now more profitable to mine BitcoinCash than Bitcoin (for now).
That new b2x fork has probably only 5% of hashpower. It claims to be 30 but here is no way it could get it
when will people realise we can avoid this drama by sticking with Ethereum?
Posted a while back since ICOs where getting banned that "air drops" or how others call them hard forks will now be the wave of the future and here we are. Its going to be a huge freakin mess though seriously.
I believe today people got BTC confused with Bitcoin classic(which was a older hard fork from 2016)
true that it be messy but free money. And in one way people buying bitcoin for these free coins and the fact many people will just be selling those coin for btc will give the new coins a fake (fait) value and actually increasing bitcoin prices by the fork coin to bitcoin trade. Confusing but true
The institutional and big money will flow in now that CME and CBOE along with LedgerX all have planned exchanges for options/futures. In the next year there is no chance that these new spins on BTC/improvements siphon off much investment . Institutional money will go with what is most known, is perceived the safest way to invest in crypto and the one that has the longest history: BTC. My guess is that it will take time for the big money to move onto alt coins. The truth is that there is already big inertia behind Bitcoin (BTC). I can't imagine some benefit big enough to slow this train down. Perhaps years down the road when BTC is more ubiquitous and there are major bottlenecks on the blockchain and high costs that drive a move to an alternative. My bet is you will continue to see BTC and its blockchain dominant with Etherium staying in second place since it was created to fix some things perceived as wrong with the Bitcoin blockchain.
I am with morseke1 on this, there is no way CME or any other big company is going to jump up and be like oh look Bitcoin Cash is faster and jump onboard. They are all going big on bitcoin and where bitcoin is headed, everything else is an alt coin.
yes you are right CME and CBOE are joining the game, however they might also sit aside and watch for a while what is happening with this uncertainty.
I'm starting to think people are hard forking just to hard fork. I guess we'll have to wait and see what happens. I'm sure a lot of people already lost faith in the B2X fork happening, but it would still be cool to see it happen. Very interesting info. I honestly just laughed when I saw bitcoin diamond. I'll still research it though.
That new b2x fork has probably only 5% of hashpower. It claims to be 30 but here is no way it could get it
The value to a hardfork, rather than creating a new alt-coin, is that it will be much more widely distributed- regardless of initial value. This distribution will create a market itself since the demand has been artificially boosted.
I also think that the wisest thing is to keep BTCs in our wallets, at least for a while...
Better safe than sorry😅 ...
I love your posts, you go straight to the point ... and although I am not an expert in cryptocurrencies, you have helped me to understand, and to make good decisions ..!
MANY THANKS!❤❤ @kingscrown
Greetings from Venezuela
Hey there bitcore to claim while you wait https://steemit.com/crypto-news/@xwerk/bitcore-btx-guide-the-2nd-snapshot-for-btc-hodlers-free-btx-or-how-it-works
Bitcoin gold then bitcoin diamond surely next will be bitcoin platinum .
What about Bitcoin Emerald and Bitcoin Ruby. Bitcoin is becoming Pokémon :-D!
Hey what about bitcoin shadow i even did a whole article on what could be added https://steemit.com/bitcoin/@sames/newest-idea-for-a-bitcoin-fork-split-anonymity
The best part is this pokemon has real value
Hey what about bitcoin shadow i even did a whole article on what could be added https://steemit.com/bitcoin/@sames/newest-idea-for-a-bitcoin-fork-split-anonymity
Sure I believe many forks are yet to come .