Bitcoin reaches record price

[siru]

The digital exchange rate jumped as much as 16 percent from Friday to an unprecedented $3,292.41, even after bitcoin’s division last week. The debate has revolved around how to upgrade its underlying technology, with a group of developers backing a solution called SegWit2x against miners -- some of whom have created an offshoot called Bitcoin Cash -- who want to increase the size of data blocks more drastically.

 

“The miner-orchestrated hard fork has had limited traction and will not impact the price or future development of bitcoin,” said Aurelien Menant, chief executive officer of Gatecoin Ltd., a cryptocurrency exchange in Hong Kong, referring to the split. “The activation of SegWit is a significant milestone in bitcoin’s technological evolution.”

At the heart of the dispute is an issue that has dogged bitcoin’s development: as its popularity grew, transactions slowed because of a cap on the amount of data processed by the blockchain. Under SegWit2x, some of that data will be moved off the main network while block sizes will be doubled to 2 megabytes in November -- a quarter of that for Bitcoin Cash. While the first step of SegWit2x has been locked in and the technology will probably be adopted at some point in August, infighting could disrupt the transition.

[lazybugger]

when are you buying your private jet? 

[tortoise]

8 minutes ago, lazybugger said:

when are you buying your private jet? 

good morning lazy

[lazybugger]

3 minutes ago, tortoise said:

good morning lazy

Hi Torty!!  

I bought a new jet, wanna ride? 

[siru]

11 minutes ago, lazybugger said:

when are you buying your private jet? 

haha..i wish.

I thought bitcoin would come down in price after the split but th eopposite happened. Guess i dont know lol

[tortoise]

4 minutes ago, lazybugger said:

Hi Torty!!  

I bought a new jet, wanna ride? 

yes

[lazybugger]

5 minutes ago, siru said:

haha..i wish.

I thought bitcoin would come down in price after the split but th eopposite happened. Guess i dont know lol

but why? I thought it was common knowledge that the price would shoot.

Halwa, the idiot, even posted that here as if he discovered that sh1t himself, with such persistence.

Hope atleast that fcuker's buying his private jet. and get busy and stop posting nonsense henceforth. 

[siru]

15 minutes ago, lazybugger said:

but why? I thought it was common knowledge that the price would shoot.

Halwa, the idiot, even posted that here as if he discovered that sh1t himself, with such persistence.

Hope atleast that fcuker's buying his private jet. and get busy and stop posting nonsense henceforth. 

haha..maybe he did buy a jet..dont see him active in the db