Hi Peercoin community,
I have been following the Bitcoin scaling war quite a lot during the last couple of months, and it seems that there is an end in sight. Initially, after the New York Consensus was reached between main players, Core devs didn’t like it, but during the last days there have been some discussions on the developper mailing list about new proposals that build on the New York Consensus.
This morning, a new “Omnibus proposal” was posted that combines a Segwit soft fork with 80% threshold, a flag-day activation, and a 2 MB hardfork in one BIP. Luke-jr, the driving force of the Segwit-UASF, is already supporting this new proposal. It’s too early to tell if this will be the path that will be chosen, but discussions are slowly moving towards finding a solution. A fork of Bitcoin in two chain has become less likely.
Longterm I am still concerned about Bitcoin’s Proof-of-work model, but short-term, we might see a big Bitcoin bubble. As you know, markets are climbing during time of uncertainty, and when things have been solved and are implemented, the market will be already be on the top and it will be too late to get in.
So I just thought to share this with you. I still regret not sharing the news about the Decred airdrop with our community back in late 2015. So this time, I try to do it better.
New York Consensus
P.S. If you have got Bitcoin, check out also Byteball and Stellar, as you can get some of these two altcoins for free soon.