This is going to have serious implications for Bitcoin and I want to hear your thoughts and opinions.

Here's what I know so far:

A mining company that has about 30% of total hash power wants to hard fork and create Bitcoin Cash.
Futures for this are trading on a few Asian exchanges at a current price of $422 USD.
They want to implement an 8mb block size.
There are going to be trading and service disruptions.
Many are advising not to transfer (send/receive) Bitcoin on August 1st or for about a week afterwards.

I have read comments on prominent YouTube channels which specialize in Cryptocurrency.

Some are saying they will dump Bitcoin Cash as soon as they can.

Some are saying this will be a benefit by providing cheap and fast transactions.

Then there's the speculators who say they will buy Bitcoin Cash after the price drops.

Are you taking a firm position or a particular side?

Sources:
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Disclaimer:

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STEEM ON

~prep4shtf

Bitcoin Cash - Good or Bad?

This is going to have serious implications for Bitcoin and I want to hear your thoughts and opinions.

Some are saying they will dump Bitcoin Cash as soon as they can.

Some are saying this will be a benefit by providing cheap and fast transactions.

Then there's the speculators who say they will buy Bitcoin Cash after the price drops.

Are you taking a firm position or a particular side?