i think this is a turning point.
yes quote me on this.
The losses of nodes over the past 2 months (from the previous ATH) have been gained back and then some in 3 days time.
Like technical analysis on markets this too is in a sense, a market.
ATH is a clear sign of things to come.
I'll be switching over today as well.
This is a turning point. The point where XT officially became a laughingstock.
After so much chaos and drama, you have a mighty 3% of the nodes to show for it?
Team XT
lost the technical debate, and there is
zero propensity for XT gaining an economic majority.
Plus, we now have this handy Domination Post from thermos:
Activating a hardfork based on what miners do is really bad. You could easily have a situation where 75% of miners support XT but none of the big Bitcoin exchanges or businesses do. Then miners would start mining coins that they couldn't spend anywhere useful, and SPV users would find that they can't transact with the businesses they want to deal with. The currency would be split, and in this case XT would be in a far weaker position than Bitcoin. The possibility of this sort of network/currency split is what makes XT not a "legitimate hardfork", but rather the programmed creation of an altcoin. A consensus hardfork can only go forward once it has been determined that it's nearly impossible for the Bitcoin economy to split in any significant way. Not every Bitcoin user on Earth has to agree, but enough that there won't be a noticeable split.
Bitcoin is not ruled by miners. In a hardfork, miners barely matter at all. (Softforks are different.) What's important is what the economy does.
Face it old buddy, XT got rekt like Stannis at Winterfell.
Now, when can I order my 1000 XMR 1oz Platinum Lealana? Do you want Cryptonic to eat your lunch?
"1. First they ignore you
2. then they laugh at you
3. then they fight you, then you win."
At what point are we at? 1, 2, or 3?