BITCOIN DIARY: What the fork just happened?
And the prophets examined this event and concluded that it was 'meh'
* Lance Boyle may or may not exist And so it came to pass that on the appointed day, August 1, 2017, at 2.14, Eastern Standard Time, a new blockchain was set loose upon the world by rebellious miners. And the new currency was named Bitcoin Cash and it was filled with the promise of greater functionality than Bitcoin from whose loins it had wriggled forth. The prophets of doom and the prophets of profit had been warning the huddled masses of the hard fork, but when it came to pass, there was nary a movement of the needle of the markets with Bitcoin trading at a steady $2,706 or so, in line with trade prior to the annunciation. And the prophets examined this event and concluded that it was "meh". This from coindesk: An effort to create an alternative version of the bitcoin blockchain is officially moving ahead. After running into roadblocks this morning, miners were able to successfully create a block on a new blockchain, called Bitcoin Cash, at roughly 2.14pm ET today. The move effec...
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