Published on August 16th, 2015 | by bitcoin0
XT Uncertainty Causes Bitcoin Value Sink
The bitcoin value proposition is losing ground today as traders wake up to Gavin Andresen’s and Mike Hearn’s announcement of the public release of XT.
The uncertainty introduced by the prospect of a hard fork of the Bitcoin block chain is expressing itself in the chart, and rightfully so: the fork and its bigger block size is technically hazardous and threatens the bitcoins we hold as well as Bitcoin itself.
At 17h00 UTC, Saturday, Mike Hearn officially launched the renegade Bitcoin fork software XT that now creates uncertainty in the Bitcoin ecosystem and could potentially damage (or ruin) Bitcoin.
The concern is that developers see fit to flout the Bitcoin consensus rules to force their vision and in the process risk other peoples’ money and Bitcoin itself.
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