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It looks like there definitely WILL be a hard fork now for Bitcoin..
Bitcoin Cash is a community going a different direction than Segwit2x Bitcoin, and anyone holding Bitcoin will automatically get 1:1 Bitcoin Cash!
Here is the quote stating this on their site https://www.bitcoincash.org/:
Because Bitcoin Cash is a fork of the ledger, that means you own the same amount of Bitcoin Cash as you did Bitcoin at the time of the forking block. However, if your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your cash.
How is Bitcoin Cash different?
The Bitcoin Cash community states that they are focused on a peer-to-peer electronic cash system instead of a "settlement layer" which is what they think Segwit2x is becoming.
Now besides increasing the block size to 8MB instead of 2MB (and that's even if it hard fork's from 1MB) Bitcoin Cash has a lot of other great features like:
Fast Transactions: Transact in seconds. Get confirmation in minutes.
Reliable Network: A reliable network that runs without congestion.
Low Fees: Send money globally for pennies.
Simple: Easy to use. No hassles.
Stable: A payment system that's a proven store of value.
Secure: World's most robust blockchain technology.
Low fees and fast confirmations will resume with Bitcoin Cash. The network will be allowed to grow again. Users, merchants, businesses, and investors will return.
Conclusion
So not only will Bitcoin Cash be years ahead of Bitcoin Segwit2x by going to 8MB instead of 2MB, but everyone will already have it!
Now if everyone already will get 1:1 Bitcoin Cash for however much Bitcoin they have then which one are people more likely to use.. because technically they will both be hard forks?
Only time will tell, and I am excited to see different projects that are giving us different options out there, because that way the people really can decide which one they prefer!
Let me know what you think in the comments below, and thanks for checking out my post!
All of this information and A LOT more can be found on https://www.bitcoincash.org/
Disclaimer: I am not an Investment Advisor, and this is not investment advice. This for entertainment purposes only!
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