Topic: The Bitcoin Balance of Power - page 2. (Read 790 times)

We should not worry about folks. Let's wait and see what will happen at those days. The best will survive .

Another hard fork is looming and most probably it would happen in November and Bitcoin would split into two. This hard fork is definitely going to have a much bigger impact than the BCH fork. Since majority of miners are backing the NYA, S2x (Segwit2x), I am assuming if a split happens S2x chain would have a bigger hashrate than S1x (Segwit).  Replay protection, difficulty readjustment are a couple of technicalities to be considered before the split.

I do agree with Core's PR, rather than having a disruptive split, a smooth transition is a much better option. Interoperable nodes right before the split and then suddenly two chains and then the minority chain having a tough time finding peers. Waste of resources.

It could be argued that Core didn't agree to NYA, 2x, or a rushed hard fork.

It could be argued that a 2x hard fork wouldn't be claustrophobic to the network or would cause too much utilization of resources or lead to node centralization.

It could be argued that the individuals behind NYA want to control the network, bitcoin being controlled by a few individuals.

It could be argued that Segwit combined with other scalability implementations including LN are apt scalable solutions and a hard fork isn't a necessity at this point in time.

These arguments can be made regarding the upcoming split. No matter from which side you argue, the other side would try to make you sound politically incorrect.

The BCH split was an easy one, got BCH, dump it. Over.

The November split wouldn't going to be so easy. It would be hard deciding which one would be the altcoin. Majority might push the value of one coin, but in the long-term the other coin might be perceived valuable by users. Hodlers and long-term bitcoin users would be at crossroads in November.

I do really hope the split is somehow averted. At least the NYA participants could analyze the impact of Segwit and other soft fork implementations and then if necessary proceed with 2x hard fork at a future date with an efficiently planned out, well-prepared, well-reviewed code.

https://medium.com/@AudunGulbrands1/the-bitcoin-balance-of-power-poster-91271ab31b86