Get Your Bitcoin off any exchanges right now - For the end of the world is nigh

[AnOminous]

Although if you're good at reverse engineering and have much free time, I'd recommend going into ETH and trying to hack existing ETH contracts. Their security is laughable.

What's more bizarre is instead of trying to fix that shit, they're just accepting it as part of the architecture. This is largely why ETH itself had a hard fork, to break a hack where someone stole something like 1/3 of the ETH in existence.

So if I'm going to get into bitcoin I should buy buy buy right after the fork when the price drops?

Bizarrely, it has actually gone up another $500 or so since the split, while BCC has lost about half its pre-fork value (which is not at all surprising). Considering it was essentially "free" in the first place, this would seem to indicate the BIP-91 fork may have been a good idea.

If it doesn't actually implement the block size increase on time, that might change attitudes.

I'd say if you have both, hold on to both of them as a hedge. There's not really any point in panicking about volatility and you shouldn't invest your nest egg in cryptocurrency in the first place.

 

[m0rnutz]

In English what is happening is a virtual recession will be eminent as we undergoa bitcoin crash. Right?