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Tuesday 29 August 2017

The Golden Fork

We have been dining out on a Bitcoin bull market. Crypto currencies are consolidating and the stock market is in decline. What was once a scary proposition, the hard fork, is now revealing itself as something else. The golden fork.

Anyone who had bitcoin a month ago now owns Bitcoin (worth $4200 at the time of writing) and Bitcoin Cash (worth $700) SO That's a gain. a win win, in fact, something to look forward to.

Now we have a potential third fork on the horizon with the second half of the Segwit2x agreement, the 2x part. I think that this will actually ramp the price of Bitcoin up.

Due to the relative success of Bitcoin Cash (also called BCash, BCC, BCH) the forking phenomenon could well also become a greater trend. Exacerbating the benefits from getting into Bitcoin early.

We will be creating a triple star formation. I previously illustrated a binary star analogy to describe the working of the blockchain into user and miners threads. The third star will be for Bitcoin industry companies. This dilutes the counter balance of and I think reduces the threat to the user blockchain

It is a bright future for Bitcoin. Etherium ICO frenzies are taking a step back. The new crypto bull market might be on the fork.


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