BTC Bitcoin Hard Fork SegWit - How to PROFIT from it.
The Bitcoin Hard fork, August first is judgement day when it comes to bitcoin... or doomsday a lot of people are making it a huge deal and in a way it kinda is a huge deal.
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But what does it really mean? We have all noticed that bitcoin just keeps getting slower the transactions, compared to other cryptocurrencies the transaction speed with bitcoin.. it takes for ever you might send a little bit of bitcoin from one wallet to another it can take hours sometimes I just wait till the next day. And than finally find it in my wallet. So this is a very big problem because the pride of bitcoin was the speeds and transaction fees. Many more Alt coins have come on the market that are so fast and so cheap.
Bitcoin is just lagging behind them all, There are many different opinions regarding this by expanding the current block size of 1 MB and adding other types of features that would enable bitcoin to catch up.
The big debate among bitcoin is because of miners and the fees associated with every transaction it seems more like an auction to get your transaction on a block to be confirmed.
Ethereum has already gone through a hard fork to current some past codes because of a theft that happened and which were recovered.
Now the best way we can compare that may happen and it looks like it will is two bitcoin blockchains will be built like a fort the old blockchain will continue but some miners will still be mining on that old blockchain that it would just continue, and thus create 2 bitcoin block chains, again much like ETH and ETC.
For more information go to 1august.org
Basically what is going to happen is there will be two coins one would be original bitcoin and another
I want to secure my Bitcoin!
Electrum
Mycelium
All information was pulled from 1august.org
You got that right.
This post received a 4.0% upvote from @randowhale thanks to @zeartul! For more information, click here!
Prepare for the big hammering.
Big drop than profit on both, who says there cant be two bitcoins? I am stacking.
Upvote if you like the release of the new Avengers movie to the public:
https://steemit.com/hot/@medevlo/infinity-wars-official-trailer-rough-but-real
;D
Premise is incorrect. My last transaction was instant and cost 0.03% (three hundredths of a percent). Bitcoin. Use it. Live it. Love it.
Yes it depends on the network. But you send 1 for that fraction of a percent?
Bitcoin. USE IT. Live it. Love it.
Finally a good post explaining all of this...
We need more friendly content so people dont get fud with the market!
Keep up the good work
Good article. Same thoughts here. In my opinion blockchain is here to stay. A proper investment for the long term. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? Do you know this interesting site? https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. On: https://www.coincheckup.com/coins/Bitcoin#analysis To watch Bitcoin Analysis