TNW uses cookies to personalize content and ads ethereum a classic tale of two chains make our site easier for you to use. This is a tale of two Bitcoins. The lack of consensus among the Bitcoin community was cited as the reason for abandoning the so-called Segwit2X plan. Indeed, at the time of this writing, there are overunconfirmed Bitcoin transactions.
Bitcoin Cash was the surprise winner in all of this, at least temporarily. While the price has since experienced a 50 percent retrace, spectators were stunned at the sudden rise. As more users discover Bitcoin and its popularity increases, there is a growing danger that it will be a victim of its own success. Bitcoin is at an existential crisis where it has grown large enough and attracted enough quality people to provide very clear yet different roadmaps for the future backed by passion, money and brilliance.
From one perspective this creates friction ethereum a classic tale of two chains has resulted in splits. From another we get to see in parallel both philosophies play out in real time and compete for market share. No ecosystem can keep ethereum a classic tale of two chains happy nor can it satisfy divergent visions. So they have to find a way to split like so many open source projects before then without destroying the value already accumulated and the underlying communities. There is a high degree of confusion among these users that is making matters worse.
There are people out there who have the ability to increase the price of a particular coin and when there is enough buzz around a coin, it is simply the matter of dumping it and making a neat profit.
The good news is that as more people discover cryptocurrencies, there is space for both flavours of Bitcoin to exist and prosper. This is just the way cryptocurrencies are. Just like we did with Ethereum and Ethereum classic. Perhaps democracy is the biggest winner and a byproduct of cryptocurrencies, and that is the silver lining. This post was originally published by The Cointelegraph. Check out their excellent coverage and follow them down here: Published November 13, — November 13, — Gaurav is of the view that Bitcoin has gained relative maturity with the passage of time: Fran also adds his voice: As Hoskinson puts it: Shivdeep Dhaliwal November 13, —
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