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Showing posts with the label chain spiral of death

Twitter Poll - Bitcoin Chain Death Spiral

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I'm conducting a Twitter poll right now regarding the Legacy Bitcoin odds of a chain spiral of death. Please complete the Twitter poll. It's free. Thank you! This post is no longer live. "I'm thinking about getting back into $BTC. What are the odds of a chain spiral of death?" — Jared Schlar (@jaredsc) November 21, 2017 The results are in and out of 728 votes, 29% of people said there was no likelihood of a chain spiral of death. Versus 71% said there is some odds of a chain spiral of death. View the image for exact details. Interested in learning more? Explore our  Connecticut SEO Agency  and delve into our  Bitcoin Blogspot  for a wealth of free, original content. Don't miss out—share this post, and thank you for reading!

Chain Death Spiral

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As I have touched on in a previous post there are several known risks with Bitcoin Legacy aka Bitcoin Core right now. You can read my previous post here: https://www.jaredschlar.com/2017/11/now-that-bitcoin-segwit2x-fork-passed.html Bitcoin Legacy has some problems: Bitcoin Legacy - Chain Death Spiral. If you want to read more about this potential problem from an expert visit - https://bitcoinandtheblockchain.blogspot.com/2017/08/chain-death-spiral-fatal-bitcoin.html Bitcoin Legacy - Severe network congestion. There are about 58MB in the pool right now for Bitcoin Legacy vs Bitcoin Cash which is .1MB. Bitcoin Legacy - Civil War with BCH and other contentious groups. There may be another fork coming in January. We shall see. This brings up a good point which is unless you are 100% confident in holding one coin, it’s best to diversify into multiple coins. Interested in learning more? Explore our  Connecticut SEO Agency  and delve into our  Bitcoin Blogspot  for a wealth of free, original