You could still have low fees and use the viabit accelerator. The accelerator works and I have tried it a couple of times now with great success. If you dont get to use the accelerator then with low fees it could take days, or the transactions will be reverted back to the original address.
Of course. However when everyone uses systems like viabit you’re back to square one. It’s a classic Queen’s race, where everyone runs faster and faster to stay in place.
You can see the issue clearly. Eventually some people will have to drop out of Queen’s race exhausted. So bitcoin adoption essentially stops or even shrinks.
Hopefully the community will stop playing sectarian politics and come up with a consensus solution.
I’m holding on to the bitcoin I’ve got now. If it forks, I’ll hold on until I know what the successful fork is, but I don’t think this is a good future for bitcoin. It’s just even more confusion to help prevent mass adoption.
I’m now diversifying into a few alts just in case. But if I loose the lot because crypto becomes a failed experiment, I can live with that.
Published at Sat, 04 Mar 2017 18:05:54 +0000
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