• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Breaking News: Billionaire VC Tim Draper Tells Businesses To Keep Payroll In Bitcoin
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Billionaire VC Tim Draper Tells Businesses To Keep Payroll In Bitcoin
Bitcoin price hard fork
Advertisement

Bitcoin Price Hits 60-Day Low as Hard Fork Fears Loom

Evander Smart by Evander Smart
6 years ago
in Bitcoin Price, Altcoins, Bitcoin Acceptance, Bitcoin core, News, News teaser
0
Advertisement

The Bitcoin community is not enjoying their weekend, thus far, as the Bitcoin price continues to fall as the week comes to a close. Bitcoin value approaches $900 USD as a major player speaks on the forking turmoil.


Bitcoin Price Falls on Fork Fears

According to CoinMarketCap, Bitcoin price has fallen almost $350 over the last ten days, after reaching a low on Saturday of $904. This volatility follows a February showing nothing but gains, and a turbulent January, where Bitcoin price jumped to almost $1200 and then fell to almost $750 after regulators clamped down on China’s no-fee trading practices.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

chart

The interest in Bitcoin Unlimited (BU) largely seems to be relegated to the mining community, the ones who will profit the most from its adoption and hard fork.

For example, a poll was done in Germany about the market interest in following BU or staying with Core and adding Segregated Witness (SegWit.) Only 3% support a move to BU. 26% would like to see a block size increase to 2MB with SegWit, the largest voting contingent.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

TOP MINER SPEAKS ON BU POSITION

Speaking on Weibo about the conflict, Jihan Wu, head of BitMain and AntPool, said the following (translated on Reddit), in an attempt top dismiss and spin the BU bug problems:

Core have made even more serious mistakes leading to bugs causing thefts, fake coins, unintended forks. For technical ability, BU now gets 60 points and Core gets 90. But BU’s direction of travel gets 90 points beats by a long way Core’s 30 points. There’s no mechanical way to reconcile a societal divergence. That’s if both sides of the divergence are unwilling to compromise and behave in a way that falls short of their agreements.

If you go back to this time last year, there was virtually zero interest among miners in Bitcoin Unlimited.  This percentage is now approaching 50/50. AntPool made their Bitcoin Unlimited intentions clear back on March 7th.

Jihan

If Bitcoin does fork, the greater exchange community has already stipulated that BU will be listed as an altcoin, regardless of hash rate or size of chain. The Ethereum forking model has shown that Ethereum survived its fork mainly because the greater market picked one side over the other.

If the Bitcoin market is split, as the mining community seems to be, then Bitcoin itself may not fair so well in the aftermath. Polls and other information indicate this will not be the case. For more on why the miners may never win a forking war against Core, click here.

What are the chances of a hard fork? Will Bitcoin split in two? Share your thoughts below!


Images courtesy of coinmarketcap.com, Shutterstock.com, Twitter

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Evander Smart

Evander Smart

Related Posts

Nasdaq

Nasdaq Targets Mid-2023 For Crypto Custody Launch

17 hours ago
Crypto.Com Became The10th Largest BONE Holder

Crypto.Com Became The10th Largest BONE Holder

3 days ago
Hong Kong

Hong Kong Set To Welcome Prominent Crypto Data Firm

1 week ago
BUSD

BNB Whales Dump Millions Of BUSD, Here’s What They Are Buying

1 week ago
USDC Minting And Redemption Backlog Almost Cleared by Circle

USDC Minting And Redemption Backlog Almost Cleared By Circle

1 week ago
crypto conference the alliance

Crypto.ro Announces “The Alliance,” a Highly Anticipated Crypto Conference in 2023

1 week ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
UU.Game
UU.Game
K8
K8

Press Releases

  • Tokens To Watch In Q2 2023: Aptos (APT), Optimism (OP) And...

    11 hours ago
  • Market Experts Predict Big: TMS Network (TMSN) Will Beat...

    12 hours ago
  • XRP Price Breaks Out Of Multi-Year Wedge: XRP Price...

    14 hours ago
  • Is it the right time to ditch Solana (SOL), Shiba Inu...

    15 hours ago
  • Top 6 DeFi Tokens to Buy for Big Profits in 2023

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.