Latest Bitcoin Hard Fork Attempt Causes Worries in Crypto-Currency Markets

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Published on:
Dec/30/2017

Prior to Bitcoin's latest hard fork attempt Thursday, Jim Cramer of CNBC said that "Bitcoin is not an investment".


Bookmaker accepts most crypto-currencies

"You can't find supply, so you have to reach until supply is felt," Cramer went on.  "That's not investment.  That's just poor mechanics of an instrument."

On December 28th, one of the main hard forks took place in Bitcoin history, Segwit2X, which revealed acute problems in the work of crypto-exchanges, wallets, and decentralization in general, News BTC wrote this week.   This second fork occurred with barely a wimper, however. 

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From NewsBTC:

Recall that after the announcement of the Segwit2X project, the price of B2X futures increased 3-fold, and the day before the fork, the price for them rose by another 75%. Right after the start, the most powerful support for Segwit2X was provided by the miners.

So Did Segwit2x Actually Succeed?

The big question on most people's minds is "did this latest hard fork go through"?

The popular tplusd YouTube channel for “all things crypto-currencies” says it can't answer that question just 48 hours after the fork was to have taken place.

"We are not getting a lot of information when it comes to the Segwit2x.  The only information we are currently getting is from the team itself."

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That team includes the likes of Jaap Terlouw, said to be heading up the Segwit2x hard fork.  He and his team are not the same individuals behind the failed Segwit2x hard fork back in November.

"Most of the exchanges are uncomfortable with the development work behind the Segwit2x hard fork -- the code itself as well as the experience of the team handling it," said Alexandre Tabbakh, the CEO of PUBLIQ, a blockchain-powered distributed media platform, in an interview with TheStreet.com.

From TheStreet:

Forks are serious stress tests for the whole Bitcoin community, which has to show unity and discipline to handle them successfully. Tabbakh explained that whenever Bitcoin survives these "little revolutions," it strengthens its status as the first and most reliable blockchain.

The online gambling sector will be watching and waiting as they continue to take on most of the known crypto-currencies that are out there.  In recent months, the oldest established North American facing Web gambling operator, Bookmaker.eu, has added close to two dozen crypto-currency options.

- Aaron Goldstein, Gambling911.com

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