Is bitcoins forking again? So there gonna be a third coin bitcoins gold? I also heard ether is forking?
yes Forking on the 25th of October, now we have bitcoin gold yes i heard that too but i dont know too much about the ether fork, curious on peoples thoughts on either forks
I reckon bitcoin gold will flop but maybe people will buy BTC beforehand just to get free coins and dump them. The real fork to investigate is segwit2x in November.
Bitcoin Gold is basically just a change of the mining algorithm from SHA256 to Equihash. It is intended to return power to users mining with GPU instead of the ASIC powered centralised mining. I am not convinced it will have significant traction though it might get a lot of support from small players. SegWit2x is basically an increase of the block size from 1MB to 2MB which is part of the New York (Peace) Agreement that was struck months ago, even before the last fork of Bitcoin Cash. That agreement was to implement segwit and then increase the block size and it had over 90% support from miners. Problem is the Bitcoin Core development team do not support the blocksize increase and only wanted the segwit activation so it is likely to cause a coin split also. Bitcoin Gold IMHO will just be seen as more free coins that can be dumped and pose no real threat to BTC. But SegWit2x may actually have enough support from miners and big players that it could genuinely split the market cap of BTC. Time will tell. There is no specific date for SegWit2x (other than a vague notion of it happening in November) but Bitcoin Gold I believe is happening on Oct 25.
Ok, so this is interesting :- https://busy.org/bitcoin/@kingscrown/predict-next-bitcoin-hardfork-split-price-with-trading-on-bfx What we have at Bitfinex is some markets for BT1 and BT2 in anticipation of the SegWit2x split. What it tells us is what the market thinks the split ratio is likely to be. Currently it is about 75% for BT1 (BTC segwit 1MB) and 25% for BT2 (SegWit2x) Keep track of it here :- https://www.bitfinex.com/stats Right down the bottom you will see BT1/BTC and BT2/BTC trading pairs.
I read that doesn't really make 100% sense to me but seems Segwit2x is pretty important and atm looking like 20% so in theory it'll 20% of btc price and btc might drop by 80% Do you know about the ether fork buggedout is ether gonna split?
Haven't looked at ETH recently. I am more interested in EOS for the DApp niche but am currently holding neither.
Came across this short 5 min vid explaining a bit about the ETH hard fork. This guy is usually pretty good. https://steemit.com/ethereum/@boxmining/ethereum-hardfork-in-a-nutshell
