Bitcoin-XT release causes fear in Bitcoin market; BTC price drops wildly (08-19-2015)
(FROM HTTPS://BITSELL.ME)
From the Economist: A spat between programmers may split bitcoin
It's an alarmist headline, but has, at least in the short term, an immediate effect.
The general concept is that a key member of the Bitcoin Foundation believes there are long term limitations with the original software, and wants to see them addressed. The issue is that you can't have a single network running two different software platforms like that - and Bitcoin XT has already been released. (Technically the two systems are backwards compatible, but eventually XT would by necessity win over the original software - it allows for larger blocks to be mined that the original software can't handle, so when those get produced, Bitcoin Core won't recognize them.)
The good news is any Bitcoins you have stored are safe, this won't mean anything you've saved to date is in trouble.
But, the price of Bitcoin is dropping. Plummeting, some might say.
Have a good think about your BTC, and if you decide you should sell now before the price drops any further, use https://bitsell.me to sell them for paypal, instantly.
