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The ICO mania definitely contributes to this, but so does the worry about a Bitcoin split. I've read a lot about it and could not give you a coherent answer of

The ICO mania definitely contributes to this, but so does the worry about a Bitcoin split. I've read a lot about it and could not give you a coherent answer of what is likely to happen and what would be the impact if it does or does not happen. So people like me (probably in top 5% of knowledge among Bitcoin holders about the technical aspects) put holdings in other coins to wait and see. The coins that stand to benefit most from this are the ones traded on GDAX -- Ether and Litecoin. And Ether has the most breathless hype going for it right now. And this is the same advice I give to the non-technical people in my life who've jumped in late and don't have a Poloniex or Bittrex account to trade other coins (sign up for GDAX, balance things with a wait-and-see attitude towards August 1st). BTW - my 89 year old farmer grandpa who can't even get wired internet at his house now has a crypto portfolio, in case you're looking for bubble indicators. (And if you ask why my advice wasn't to avoid an investment you don't understand -- well, I am bullish on crypto long term and they really wanted to get in, and view it as a gamble, so . . .)

DiNovi 9y ago
I assume you sold him on the investment tho
- jraines 9y ago
  He sold himself just on whatever is said on Bloomberg etc. And he views it about like laying $$$ on the Georgia Bulldogs to cover against Alabama, so I'm not going to put up a fight.
anothercomment 9y ago
But even with a Bitcoin split, what would be the problem? You would simply double your coins (kind of).
- wyldfire 9y ago
  It would damage the brand of being the premier cryptocoin, having the most marketplace acceptance, secured by the most hashing power. Regarding hashing power -- I don't know; can the UASF and the original chain be merge-mined?
Obi_Juan_Kenobi 9y ago
The split, and there will be a split but not with UASF, is the perfect proving ground for Bitcoin. The entire purpose of the whole experiment is to see whether it can successfully generate consensus, even in the face of intense disagreement or attack. In this regard, I see it as inevitable that a chain will emerge that permits greater transaction throughput, and that consensus will organize around this chain. If it doesn't, then in a very real way the experiment will have concluded.

DiNovi 9y ago

I assume you sold him on the investment tho

jraines 9y ago
He sold himself just on whatever is said on Bloomberg etc. And he views it about like laying $$$ on the Georgia Bulldogs to cover against Alabama, so I'm not going to put up a fight.

anothercomment 9y ago

But even with a Bitcoin split, what would be the problem? You would simply double your coins (kind of).

wyldfire 9y ago
It would damage the brand of being the premier cryptocoin, having the most marketplace acceptance, secured by the most hashing power. Regarding hashing power -- I don't know; can the UASF and the original chain be merge-mined?

Obi_Juan_Kenobi 9y ago

The split, and there will be a split but not with UASF, is the perfect proving ground for Bitcoin. The entire purpose of the whole experiment is to see whether it can successfully generate consensus, even in the face of intense disagreement or attack. In this regard, I see it as inevitable that a chain will emerge that permits greater transaction throughput, and that consensus will organize around this chain. If it doesn't, then in a very real way the experiment will have concluded.