Whether you think you can or you think you can't, you're right.
Henry Ford
18th October 2017  
 
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The Story

CalvinAyre.com has weighed in on the upcoming blockchain forks and we believe that Bitcoin Cash is the only Bitcoin faithful to the intention of the original Satoshi white paper.

 

Okay. First, let’s talk about the forks.

In Bitcoin parlance, a fork refers to an event where a blockchain diverges into two potential paths forward. Two new forks are planned to occur on the Segwit chain: SegwitGold is scheduled to split on or around October 25th, and the Segwit2x fork will happen at block number 494784, sometime in mid-November.

 

Why are they pushing for the Segwit2x fork?

The proponents of the Segwit2x fork aim to raise the block size to 2MB, in addition to using SegWit to strip digital signature data.

 

So the results of these forks will still be considered as bitcoins?

Here at CalvinAyre.com, we are taking a stand and won’t be recognizing SegWit1X (currently BTC, and likely SW1 after the SegWit2X split), SegWit2X (planned BTC, but likely SW2 after the fork if it fails to achieve majority miner support), and Segwit Gold (SWG) as bitcoin.

 

This leaves Bitcoin Cash as the only Bitcoin then.

It is our position that Bitcoin Cash is the version of Bitcoin that most closely adheres to the original design—considering that Bitcoin Cash closely adheres to the whitepaper and still affirms the years of common understanding that Bitcoin was meant to be an electronic cash system. Bitcoin (BCC) is better than these Segwit branches because the latter will entail high transaction fees and unsecured transactions.

 

I need to know more about these changes.

We got you covered. You can read more about the reclassification of the nomenclature here and you can go to CoinGeek.com and follow it on Facebook, Twitter, and LinkedIn.

 

Takeaway

The Bitcoin (BCC) has challenged the traditional Segwit1X network’s transaction capacity still stuck at 1MB of data per block. This is the reason why it is now in the lead. The entire gambling industry should start using Bitcoin (BCC) and leave the Segwit branches that will ultimately fall in value due to the large transaction fees.

 
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  FACT YOU NEED TO KNOW
 

The pioneers of the Las Vegas casino industry weren't all male mobsters: the first legal casino license was issued to a woman named Mayme Stocker in 1920 for the Northern Club. She opened the casino under her name and offered the only five games legal in Vegas at the time: stud poker, draw poker, lowball poker, 500, and bridge. 

 
 
 

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Congratulations to Stefan Schillhabel for winning the HK$250,000 6-Max at The Triton Super High Roller Series in Macau. Schillhabel disposed of the Canadian Mike Watson in heads-up action to win the HK$5,874,400 top prize.

 
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