August first, Bitcoin Core (Segwit) Vs BU (2MB blocks)
is going to happen.
UASF can get Segwit activated. Something Vitalik fears.
He's trying to say that UASF brings all down sides from a softfork and hardfork.
But he just doesn't mention the AsicBOOST scandle, Jihan Wu monopoly.
How bad 2MB blocks are on a technical side.
Bitcoin not activating Segwit would be in Vitalik own interest.
Assuming he is smarter than us and knows Segwit would bring Bitcoin to
new all time highs and makes Ethereum go down again and lose a couple of millions
from the marketcap.
If you haven't noticed the last two days has been one party literally devouring all the ethereum from all the exchanges in a very predictable pattern. I presume this one party is either an investment fund, a fund with a group of bitcoin whales that want to get out before the fork happens, or enterprise moving in. There is no denying that this one algorithm bot literally ate over 100 million dollars of eth over the weekend. Bears that dumped into it during the slow methodical rise from 260 to 300 got spanked hard. Not it's going in the other direction pumping bitcoin and dumping a little eth so that everyone panic sells into its buy walls placed all over the order book.
Yes, eth will correct. Yes, it will surpass bitcoin due to fundamentally being better and more evolved. Yes it will reach new highs at a slower rate after this bubble. However, I don't know about some of the delusions of it become a worldwide currency or hitting 10000 USD price levels.
everyone is free to have a look at github. If you did you saw bitcoin numbers are much more relevant still. I was comparing the core blockchainsnot forks and third projects but i bet bitcoin sees more activity there too.