Daily: Bitcoin ($5700!) and Ethereum mega Rally, F2P withdraws segwit2x support

in #bitcoin7 years ago

1:02 Market Recap - Bitcoin Breaks $5700, Ethereum $340
4:01 Blockchain.info Releases Full Bitcoin Cash Support, Users Receive Coins
4:40 Pirate Bay is Mining Cryptocurrency Again, No Opt Out
5:39 PBoC Digital Currency Director Calls for Centralized State Cryptocurrency
6:16 F2Pool Withdraws Support Segwit2X support
6:16 Discussion: Segwit2X

Coinbase announces instant BTC, ETH, and LTC purchases from US Bank Accounts
https://blog.coinbase.com/announcing-instant-bitcoin-ethereum-and-litecoin-purchases-on-coinbase-c29d8a94e152

Pirate Bay is Mining Cryptocurrency Again, No Opt Out
https://torrentfreak.com/pirate-bay-is-mining-cryptocurrency-again-no-opt-out-171011/

Korea’s Biggest Bitcoin Meetup Publicly Condemns SegWit2x
https://cointelegraph.com/news/koreas-biggest-bitcoin-meetup-publicly-condemns-segwit2x

F2Pool Deals Possible Death Blow to SegWit2x Fork, Withdraws Support
https://cointelegraph.com/news/f2pool-deals-possible-death-blow-to-segwit2x-fork-withdraws-support

Blockchain.info Releases Full Bitcoin Cash Support, Users Receive Coins
https://cointelegraph.com/news/blockchaininfo-releases-full-bitcoin-cash-support-users-receive-coins

Bitcoin, Dash Can Now Be Spent at 40 Million Stores Worldwide, Thanks to Wirex Debit Card
https://cointelegraph.com/news/bitcoin-dash-can-now-be-spent-at-40-million-stores-worldwide-thanks-to-wirex-debit-card

PBoC Digital Currency Director Calls for Centralized State Cryptocurrency
https://www.coindesk.com/pboc-digital-currency-director-calls-centralized-state-cryptocurrency/

Jeff Bandman Gives His Take On Blockchain Tech To SEC Investor Advisory Committee
https://www.ethnews.com/jeff-bandman-gives-his-take-on-blockchain-tech-to-sec-investor-advisory-committee

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This is what the mempool on the legacy chain looks like right now:

mempool

Anyone who says Segwit is enough needs a reality check. Yes, there are periods where TX fees are low due to lower volatility, but when there is action it the markets, the confirmation wait times and fees go through the roof. Let's not even mention the effect of miners chain-hopping to boost their profits, which makes the issue even worse.

Bigger blocks are needed on the main chain, there's just no way around it.

its just a matter of when.

Good share
Thank you

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Yo ,
Thanks for the great content