Legacy Bitcoin Rises Surreptitiously as the Reserve in a new Two-tier Monetary System; whilst impostor Bitcoin Core Dies

Does it mean bitcoins on legacy wallet (starting with 1) will be worth something?

I’ve been positing in my prior recent blogs, that legacy Bitcoin (i.e. Satoshi’s original protocol, not BSV) would rise to $100+k in 2020 after the posited SegWit attack start date at the Bitcoin mining reward halving event on May 14, 2020, because the reward for mining will increase from current 12.5 to perhaps (at least temporarily) 1000+ BTC per block:

And Quora answers (including my answer on Quora):

Let’s say Craig Wright is Satoshi or at least has the private keys to the billion-dollar trust. Should I sell my BTC because the price will drop once it is public or once Kleinmann gets his share and BSV is now the next thing?

And written ~2.5 years ago:

If that is the case all alt coins should be converted to BTC before may and be sold before or after may 14, or I am getting this wrong?

In this blog, I’m positing that the peak price of altcoins relative to BTC will be in February and/or at the latest mid-March. Get ready to sell altcoins at the peak targets I’ve written in this blog (c.f. my latest updates to this blog).

But the problem is we may not be able to cash out legacy Bitcoin anymore to fiat currency, because of what I blogged about:

Our Bitcoins Will Be Taken/Frozen By the Miners; Involuntary INCOME Tax on Frozen Bitcoin!

The exchanges may be destroyed. The FATF may step in with onerous capital controls, c.f. also “Recent news” about draconian AML, KYC, PoSoFs coming “within a few months”.

Refer to the list of 5 strategies in this blog.

Note in the U.S.A. the income tax issue on the Core airdrop can be perhaps offset by claiming a loss on the value of the Core ”BTC” airdrop in the same tax years (i.e. 2020).

What will happen with BCH?

REKTD.

Also, do you see any alt coin surviving this kind of disaster?

Some will survive (e.g. Ethereum if it moves to proof-of-stake before or during the attack), but no current altcoin has any use case beyond roughly 2021. For example, Ethereum is unscalable and proof-of-stake is not trustless (oligarchies take control) thus will die in a clusterfuck as will Steem (and every other DPoS crapola). For example:

Bitcoin Gold Is Held Captive by Whale With Almost Half the Supply

The only way any altcoin could have a use case longer-term is if someone solves how to have proof-of-work not succumb to rented hashrate attacks, control by ASIC mining farms and make it scale transaction volume. ASIC mining farms put the control of the blockchain into future control of the FATF.

That’s the altcoin I’ve wanted to develop, but my chronic illness has stopped me thus far.

PoSoF means proof of source of funds.

RE: Bitcoin Movements Ahead on the Way to the Moon

Legacy Bitcoin Rises Surreptitiously as the Reserve in a new Two-tier Monetary System; whilst impostor Bitcoin Core Dies