billyjoeallen
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billyjoeallen
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January 20, 2016, 04:02:47 AM

Sounds like get everything the fuck into cold storage to me & await the chaos.


Why does everyone seem so certain this will blow over? I think it will, but it's not even close to a certainty, in any amount of time. This is the largest test of Bitcoin's anti-fragility yet and it's likely to get worse before it gets better. BitcoinClassic isn't an implementation. It's a proposed governance model that is only promising.  When concrete proposals get rolled out to be attacked, criticized and nitpicked, support may waver. 

The game isn't over. It's not even half time yet. We won't win until the longest chain has a block in it bigger than 1MB.  There's a bunch of stuff that can go wrong before then. Hell, it's possible something could go wrong AFTER that.

There are three main possibilities:
1. Bitcoin goes down before it comes back up.
2. Bitcoin could go up before it crashes again.
3. It could go down and stay down, like the Japanese stock market. 2 decades later and nowhere near it's all-time high.

The one thing that almost certainly will not happen is it goes up and stays up, because that would bring in new users and the network can't handle them. Fees higher than Mastercard AND the ChiComs have the kill switch?  Hey, what's this GooglePay app preinstalled on my new phone?