2X or NO2X? Should Bitcoin fork?
Is it wiser to enjoy the outrageous fortunes of Bitcoin, or to take action against a sea of imagined troubles?
I’m pretty wholeheartedly against 2X and another hard fork in general. I’m all for a bigger block size, I think we all know it has to happen someday. But that day doesn’t have to be anytime soon. The proposal put forth so far is alarmingly slipshod, with no replay protection or adequate time for discussion and planning. It simply doesn't solve a long-term pressing need.
I believe Bitcoin will eventually be the de facto transfer mechanism for real wealth. That does not mean Bitcoin needs to be used for every transaction. Sidechains and solutions like Lightning Network that are later aggregated and settled up in larger slower Bitcoin transactions is a much better solution.
Bitcoin should be the gold standard within cryptocurrencies. It might be a little heavier and you might not want to use it for every single transaction. But it is where you will put your saving and your retirement accounts. Let Litecoin, Lightning Network and the others be the silver and copper of the cryptocurrencies. Don’t let the alchemist from NYC convince you that by adding in elements of silver and copper you are getting more gold. You may get something that looks like gold, but it will quickly tarnish.
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7 年That all said...The fork is obviously happening. I'm just hoping the B2X (as Coinbase calls it) dies on the vine.