JayJuanGee
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How much alt coin diversification is needed? 0%?


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October 03, 2017, 12:56:33 PM

Has everyone decided what to do with their S2X fork coins? Could this be the version that backdoors onto Wall street ETF-style?

If I understand it correctly we will not be able to use 2x coins without replay protection. transfering 2x coins without replay protection also transfers your bitcoins.

fuck that!

Actually, the coins can be splitted, but they must be tainted by newly mined coins. While this option can be included  in the wallets updates, I am not sure if this will be done by all major exchanges. In the past they required replay protection, we will see this time what they decide. Anyway, for some time nobody will know what the price of the 2 bitcoins should be, which may lead to another bearish fall during the days/weeks of uncertainty. At least this happened after the announcements about the BU fork. Now again the two sides for pollitical reasons are refusing to make mandatory replay protection. If Lee's advice is followed, the new 2x thing should be altcoin like BCH:
"So Coinbase is forced to support both forks at the time of the hardfork and need to let the market decide which is the real Bitcoin. Now the question is which fork will retain the “BTC” and “Bitcoin” moniker and which will be listed as something separate. Although Coinbase signed the NYA agreement, I do not believe that this agreement binds them in any way with respect to how to name the separate forks. For practical reasons, the BTC symbol belongs to the incumbent, which is the original chain. This is because there will be no disruption to people who are running Bitcoin Core software and depositing/withdrawing BTC to/from Coinbase and GDAX. And only if you trade the coin on the 2x fork, would you need to download and run the BTC1 Segwit2x client.
If the market really supports this Segwit2x upgrade, that coin will trade at a higher price. And then we will all agree which is Bitcoin and which is a minority fork. There will be no contention at that point."

In the same time everyone is asking how btc will be the 'true bitcoin' with 5-10% of the hashrate? Huh Huh Huh



I believe that in this tweet, ledger is describing how they anticipate supporting both forks with a kind of forced split that only allows transacting on one of the sides of the split, perhaps?

https://twitter.com/BTChip/status/896056752948486148