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In three ways, from august the first 2017. With the anger gone, let me get things into perspective a bit more here. Hold on to your BTC private keys for a while. With my innitial rage out off the way...

8 years ago, comments: 35, votes: 31, reward: $3.63

In three ways, from august the first 2017.

With the anger gone, let me get things into perspective a bit more here.

Hold on to your BTC private keys for a while.

With my innitial rage out off the way, thanks to getting back at it with some Star Trek related humor, as shared with Mr. Meesterboom. And reading about some real great developements, I am now ready for any crypto split. It sometimes helps to get the anger out, to let the sadness breathe, to give it a voice. Especially when drawn into a division where there is some fighting by the sword going on. And like the saying goes: "Fight by the sword, die by the sword." Well, as I prefer to die laughing, I decided to embrase the sunny side of it all. So, the Bitcoin blockchain might split on august the first 2017 at 12:20 UTC. The chance is ever so getting more real by the day. And I actually went in a bit deeper into the subject. One thing I would find important is that transactions stay on the right network. Basicly that is already it. And the first upcoming split version called Bitcoin Cash {BTCC?} has a unique fork-id bit set to secure that.

Then there is Bitcoin United {BCU?}, as this is on the Bitshares blockchain there is no problem with transctions at all. But I do not know if the Bitcoin Cash fork-id bit also keeps those transactions out off the Bitcoin Core blocks. It would have to be, I guess, otherwise the Bitcoin Core blockchain would be messed up by Bitcoin Cash transactions. Let me have a realistic look at it. First of all, it is going to happen sooner or later, as it seems. And even though I find some claims questionable from both camps: Bitcoin Cash and Bitcoin Core, I let them have their own arena to settle it. Because I already was laughing again when the announcement came that Bitcoin United would become real on the Bitshares network as soon as the split was a fact. And of course there is the usual discussion again about that not being a real coin. Like Bitcoin is supposed to be, because of the holy work of Sakamoto Natoshi, or whatever. And I let it be... ZEN!

No, I decided that I am okay with it now, let there be a split, as that will bring Bitcoin United to life too. On a fast superior blockchain, with its own unique transaction system, like 3-2-1-DONE! And as a bonus it has a decentralized exchange where I can trade my Bitcoin United {BTCU or BCU?} right away! And all I need to make sure of is that I have my Bitcoin private keys within my own hands. Although I still believe centralized exchanges will create Bitcoin Cash wallets for all those who hold BTC there right now. So, all in all, with transactions secured to only be possible on the blockchain they were made, I can live with an upcoming split. The reason being that no matter what, because I have my BTC private keys, I will have the same amount on all three possible versions: Bitcoin Core, Bitcoin Cash and Bitcoin United. (Although I have to claim them on the Bitshares version, using my private keys.)

This way the developers can keep doing what they do best at any of the versions they prefer. The cryptocurrecy market can support what ever version they want to. And the total market capacity can even grow further. Nothing is impossible, even though the split might stil seem a little improbable, I do see a sunny side. Have one set of BTC private keys and gain acces to three different cryptos with it, all giving the same amount in coins! And I am done diving into the division, it is bad for my blood pressure, it is bad for my mood. All I can state now is that if the cryptos realm wants a split, let it have its split. Or as Jean Luc Bithard of the United Federation Of Cryptos would say: "Make it so, encrypt...!"

Have a great one!


Bitshares the future home of Bitcoin United.
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screenshot cc-by-sa @oaldamster