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This is an eye opening read for any coin holder let alone if you hold Bitcoin. Dated 01 November 2017 https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/ Extract: The action plan to consolidate the market cap back into one Bitcoin Clearly the most obvious plan is to switch all our mining effort over to mining Bitcoin Cash, the only true Bitcoin as designed by Satoshi. However we must go about this in a coordinated fashion among all the mining pools for maximum effect: Firstly we must get our mining equipment ready to switch to the Bitcoin Cash chain at a moment's notice or the push of a button. Secondly we need to switch to Bitcoin Cash mining before the SegWit2X hard fork in order to have a chance at killing this unnecessary fork off before it begins. The plan is to put all our mining power on the Legacy Bitcoin until the next regular (2016 block) difficulty adjustment at block 493,920[ref] which will occur on about November 10 / 11. This ensures that the difficulty adjustment will increase and be as punitive as possible. This will make it practically impossible for any remnant miners to try keep the chain alive. Ignore any emergency difficulty adjustments occurring on the Bitcoin Cash chain during this time and keep mining Legacy Bitcoin for this two week period. Some of us with auto-profit switching turned on will need to turn this off. There should be a minimum amount of mining effort going towards the Bitcoin Cash chain at this time just to keep it moving steadily. The majority of the mining effort should stay on the Legacy Bitcoin chain to push the difficulty up as much as possible so it cannot survive with reduced hashpower in the future. Thirdly, before this upward difficulty adjustment has kicked in, send all your Legacy Bitcoin and recent mining profits to an exchange. This may take 3 or so confirmations to get there so put a reasonable fee on it. Mining pools still mining Legacy Bitcoin can include their own transactions before anyone else's to make sure they get onto an exchange. Setup immediate sell orders to dump your coins on the exchange and buy up all Bitcoin Cash that you can. This will put downwards pressure on the price of Legacy Bitcoin and upwards pressure on the price of Bitcoin Cash. Users and large holders of Legacy Bitcoin (whales) can also help out here by selling off their Legacy Bitcoin for Bitcoin Cash over the next few weeks. Finally, the most important part is when the upwards difficulty adjustment has occurred on Legacy Bitcoin this is the time to switch all our mining efforts to Bitcoin Cash. This means all mining pools or as many as possible. If you can't switch it quickly, turn the miner off until you can. We want the Legacy Bitcoin chain to slow down and freeze up completely. It will have 2016 blocks to go at maximum difficulty and minimal hash power. Also keep the miners pointed at the Bitcoin Cash chain regardless of any temporary price and profitability fluctuations. Eventually over a week or two the price of Bitcoin will collapse once the realisation and panic sets in because no more transactions will be getting confirmed and the chain will be effectively crawling or frozen. Once Bitcoin Cash has the majority hash power it is only a matter of weeks until it reaches the highest cumulative proof of work[ref]. Once this happens Bitcoin Cash will rightfully be able to take the Bitcoin name and BTC ticker moving forward if desired. The corporate takeover of Bitcoin will be averted. Effects and consequences Let's examine some of the effects for this plan of action: Users that held Legacy Bitcoin at the moment of the Bitcoin Cash fork on August 1st 2017 will have the same amount of Bitcoin Cash and will lose nothing. This will be the majority of people. A fair amount of money is still locked up in exchanges like Coinbase. Speculators and investors (or really we should call them gamblers), who have been buying into the Legacy Bitcoin over the past 2 months will lose their money if they do not sell their holdings over the next week or so. In reality they deserve to lose their money as they were buying into a worthless coin without doing their research. A store of value without any actual utility, or significantly degraded utility, is worthless. Legacy Bitcoin is terrible investment which shows they did not do their research at all. They were just buying into the hype and inflated price. A fool and their money are soon parted. People who sold their Bitcoin Cash after the fork instead of sensibly holding both coins and waiting for the eventual outcome will also be left with nothing. This will teach them for not doing their research properly and believing BlockStream/Core propaganda. The toxic BlockStream/Core developers, fanatics and their propaganda army which has been censoring discussion, trolling discussion forums, Reddit and Twitter will also be left holding bags of worthless SegWit coins. This will be a well deserved punishment for them. Censorship of forums and subreddits has played a big part in brainwashing many people. BlockStream and Core will have some serious explaining to do. Any remaining miners not on board with this plan and still mining Legacy Bitcoin will be left mining a slow, high difficulty chain, perhaps at best 1 block every few hours or 1 block per day. Their profitability will sink and they will eventually need to switch to Bitcoin Cash to maintain profitability. BlockStream/Core may even come up with a drastic plan to introduce a hard fork to change the Proof of Work algorithm and add a new dynamic difficulty adjustment algorithm of their own. However by then it will be too late, the largest cumulative Proof of Work will be with Bitcoin Cash. Legacy Bitcoin will no longer be able to carry the Bitcoin name. BlockStream/Core may even try to throw their weight behind the Bitcoin Gold fork which uses GPU mining but with evidence of a 100,000 coin pre-mine and no software released so far it is essentially a scam coin[ref]. End of Extract
As the time approaches I would like to have your opinions about the possible August 1 bitcoin sewgwit activation. As the bitcoin price affects generally the price of all other altcoins. Although there ara some topics in this forum telling that now XRP price is not correlated with any other big crypto currencies, I think if bitcoin price drops dramatically after August 1 that will have a negative effect for XRP and all other alts. Do you believe that "big event" priced for XRP or bitcoin. For me, as I long term investor I will continue keeping my XRPs, but I wonder what can be the best strategy in the short term. Maybe going cash and waiting for the wave pass would be better who knows.
from https://xrpcharts.ripple.com/#/topology I can see there are nodes still running on 0.28 (now 0.60.x) I was wondering if there's any plan/roadmap for node upgrades without requiring a hardfork e.g tezos project technically I am not sure what is it call but it's something like chromebook where it automatically upgrades to "eliminate" backward imcompatibility I know ripple is a company unlike other open source project but i'm just curious as I have "skin in the game"