r/Bitcoin•
BCJoey

The 2X fork will separate the hodlers from the cup of coffee coiners. It will be a better windfall from the last fork. Here's why.

My guestimate is that China is trying to influence their Bitcoin owners to get out of bitcoin and into the fork alt. They believe they have enough hashpwer control to take the lead and centralize Bitcoin. Bitmain will leverage their hashpower and possibly activate Antbleed. So what.

Coinbase and others did not initially offer the alt after the last fork. They will absolutely offer the 2X alts given that Barry Silbert is the initiator. The fact that many of the exchanges did not offer the last alt, it buffered the selloff considerably. Not this coming fork. Coinbase and the other signing exchanges will be smack dab in the middle of the foray. The economic majority will capitalize on the free cash regardless of the remaining hashpower as many miners know that there will be money to be made supporting them. Additionally, North Korea and Russia, as well as others, will be licking their chops at the opportunity to support the original Blockchain with less competition from China.

China will try to steal the majority with possible influence from the government. This will only make those converting to the original Bitcoin richer.

2X is nothing but another attempt to centralize Bitcoin. It will end up becoming another alt as the rest of the world will not mind hodling while the hashpower quickly returns. Meanwhile, those that want to use bitcoin for a cup of coffee can do so with their new coin....in China.

I'm hodling my bitcoins through the fork as the sum of the parts will be greater than the whole. And I'm putting them on Coinbase (who will make a ton of $ on transactions through this) for faster opportunity to convert. So many missed the last conversion during the peak price. If you agree, please up vote to share with the other hodlers.

Posted Aug 17, 2017, 8:11 PM UTC

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