Topic: Aug 1 summary - page 7. (Read 96452 times)

Where can I find an official countdown for the actual activation of segwit?

After the Aug 1 event everything is positive and back to normal for bitcoin system infact latest news that the govertment of United States of America is now planning to adopt the bitcoin system and block chain program as they are amaze for its very reliable and strong process. This also is indeed a sucess summary  for bitcoin and achievements.

I understand that much of these hardforks and softforks and upgrades can become confusing, yet it seems to me that you are conflating three events around August 1, and asking for a comparison of what would or could happen in November as compared with what happened surrounding the August 1 events.

Some people engage in conflation in these events on purpose because they are trying to spin and confuse the bitcoin community, and so it is not necessarily appropriate to blame some innocent bystanders who might become confused and engaged in the same conflating of these events - because who has time to follow a lot of these activities - and I admit that I have a come across a large number of recent events in this scaling debate in which I become confused too - partly because of the conflating that is taking place on an ongoing basis (intentionally or not).

Let me see if I can unconflate some of this, to clarify somewhat, and to respond to your question(s).

In mid 2015, various big blockers started arguing and asserting that bitcoin needed to have a hardfork in order to increase the size of the blocksize limit from 1mb to 2mb, and through the last two years they built a following of whiners who argued the technical necessity for such an increase of the blocksize from 1mb to 2mb through a hardfork and they also had some quasi-hidden agenda to change the governance of bitcoin (to make these kinds of changes easier in the future).  

These big blocker nutjob folks have been prominent in circles involving proposals of bitcoin xt, then bitcoin classic, then bitcoin unlimited, then emergent consensus, then bitcoin cash and currently segwit2x.  A lot of these are the same folks and building a whining following based on desires to change bitcoin governance while acting as if there is some kind of technical justification for their various proposed changes that play on the same fabricated theme suggesting that bitcoin is broken and that bitcoin needs an upgrade and an ability to more easily upgrade.

In late 2015, segregated witness was proposed by one of the core developers and was initially quite noncontroversial as a kind of scaling solution that fixed some other issues in bitcoin too (most widely known fix was transaction malleability), but as time passed, segwit became a kind of political football to be used by the bigblocker nutjobs and to argue as if segwit were controversial when it was not (like calling black white for a long time and after a while people start to believe it).  

In any event, segwit was coded and tested through 2016 and was able to be signaled by miners to be activated starting in November 2016.  In other words, after 11/16 as long as segwit signaling reached 95% for a 2 week period under BIP141, then segwit would lock in and then activate in the subsequent 2 weeks.  

Largely, through the summer of 2017, the signaling of segwit bounced between 25% and 35% through; however in April 2016 and in May 2017, there were meetings of largely the bigblockers that proposed ways to come to agreements to accomplish both segwit that would be tied to a 2x increase in the blocksize limit (aka hong kong agreement (HKA) and New york agreement (NYA)); however, the agreements  of those meetings were neither binding on core nor officially processed through any BIP that would be "officially" approved and allow for an adoption and consensus mechanism to achieve both segwit and 2x.  The fact of the matter was that neither the HKA nor the NYA had widespread support - even though the bigblocker whiners frequently asserted that they had wide-spread support - yet likely a fatal flaw with both "agreements" was that they were lacking in any kind of mechanism to truly and unambiguously demonstrate that they had support by causing some mechanism that would bind adoption (still no software to run that would cause binding support, either).

One of the first usages of the August 1 date was through BIP 148 (user activated softfork) that would have caused a mechanism to attempt to force miners to signal segwit in order that segwit could achieve the required 95% signaling (and such segwit activation would not include any 2x requirement).  In about June 2017, there was a BIP 91 that caused a path forward for reconciling the various roads to pending segwit activation and the 2x increase by causing a mechanism to activate segwit first; however, BIP 91 did not provide any mechanism for the 2x portion  of any prior discussions and/or agreements... so even though it referred to NYA (and implicitly HKA), there still was no binding mechanism regarding the 2x portion.  

For a variety of reasons, BIP91 became very popular including that it allowed segwit first and that if successful it seemed to avert a need to attempt a forcing of segwit through BIP148... So the passage of BIP91 largely caused the August 1 date to be a non-issue in terms of segwit because it became fairly clear that segwit was going to activate through the terms of BIP91.  And, like I mentioned earlier, BIP91 seemed to provide a binding path forward for segwit, yet remained ambiguous about any kind of 2x requirement (especially because the reference to underlying possible mechanisms of the HKA and the NYA, did not have any kind of binding mechanisms and were largely ambiguous at best).

Well, it seems that in July 2017 the hardfork bigblocker nutjobs saw the writing on the wall that segwit was going to get locked in and activated; however, they could not clearly and unambiguously cause a road forward for either 2x, nor hardforking nor changes in BTC governance mechanisms.  Therefore, they decided to ambush and perform a renegade and short notice hardfork - namely BCH, and they coopted the August 1 date, and likely they engaged in such renegade forkening because they considered such a move as a last chance to take advantage of ambiguities regarding the extent to which segwit, by itself, would be successful and ambiguities regarding the extent to such segwit sufficiently resolve any scaling issues that they had been fabricating for the past two years - in order to attempt to achieve their real goals, to undermine bitcoin's governance mechanisms.

So in the end, the August 1 BCH hardfork and the proposed upcoming November segwit2x hardfork, are likely to turn out very similarly, as renegade attempts to hardfork bitcoin and cause confusion in an attempt to change bitcoin's governance.  

Surely, since the proposed November segwit2x hardfork is in the future, no one can really say with anything approximating 100% certainty how the hardfork is going to turn out; however, at this point, it seems that bigblocker nut job whiners are likely to engage in such a gamble because they continue to NOT get their way through attempts to work within the system (and maybe they continue to see no advantages to attempt to work within the system to attempt to make changes within rather than acting like terrorist renegades).  So, sure, they are seeming likely to gamble a November hardfork, and, at this time, it seems that such a hardfork gamble in November (segwit2x) is quite likely (if it happens) play out in similar ways to the BCH hardfork - and to be recognized as renegade, minority, inferior and continued attacks on bitcoin, including largely the fact that these bigblockers want to attempt to change bitcoin's governance.

So, in the end, the odds seem to be pretty decent (at least the market seems to reflect that) the main bitcoin is likely to continue to dominate in these new dynamic of renegade hardforks - even when the renegade hardforks (such as the one that could happen in November-ish or sooner or have more of them) are attempts to dilute bitcoin in various ways, so if they are going to be successful and to really take over the real bitcoin, then they are likely going need to convince and inspire a larger spectrum of the bitcoin community to follow them (more than merely miners, but developers, consumers, investors, vendors and merchants).  

so what's it all about? what happens in november ? it it for just development like better transactions or another altcoin like Bitcoin Cash will get in to market  ?   

Gavin is either: 1) Compromised. 2) An idiot with a huge ego that can't admit to being wrong. Anyways, he's irrelevant nowadays.

I do not know and this thread isn't the right place to discuss that anyways.

Wrong. It is accurate. Anyone running btc1 will fork 90 days after Segwit activates, which is in November.

They say that in November there will be one more fork of bitcoin, but this is not accurate.

Look what we have here:

https://github.com/btc1/bitcoin/issues/34

It's a matter of fact Gavin Andresen gets involved. The usual suspects as always. Instead of contributing in Core, Gavin ALWAYS goes around whatever the fork of the hour is. He has been in XT, Classic, Unlimited, Cash and now im sure will start either contributing or promoting segwit2x. This pisses me off so much. It's clear their only goal is to get rid of Core devs and fork the network. I hate that they have been able to bribe a bunch of exchanges and mining power and now the dumb bulk of the population is going to be brainwashed into thinking segwit2x is BTC. Someone must stop this scam.

PS: Is there a thread to follow the NYC/segwit2x thing and comment with people along the way as thing happen? The thread by ck was closed.

It is as real as any other altcoin is.

It's a highly centralized altcoin with inherent flaws in its design. He stated that as one can't be fully sure what their plans are / whether this will survive at all.

Near zero.

You must be joking.

because i now feel BCC is for real 


once OP said in his first pages of replies that he is "not sure about the claiming period. may be whenever one like to claim or may not"

you makes sense , people should be able to claim until coin dies..

its obvious that bcc can't die but What do you think about BCC/BCH future ? will it grow price wise or not ? will it reach BTC ? any guesses ?

That's how it should be. I'm not sure why you're surprised.

You can "claim" as long as the coin itself does not die.

roger that !

I installed elecrum cash on my personal vpn  and tried show BCC balance by entering my BTC address, and i can see my BCC balance eventhough i have spent my BTC balance after the split i think the BCC balance i am seeing is related to the balance i had before split 

I don't wanna claim my BCC now ... may be later.. can i claim anytime in future ? or does it have a time limit something like if i don't claim by X particular time, then later i can't get to claim my BCC ? 
Well i don't think it makes sense and i think i should be able to claim my BCC any time in future.. am i right ? 

Don't enter your private key anywhere online.

More BTC for everyone I guess. Don't be surprised if more *Bitcoin [Whatever]* things pop up. This is just another type of attack on the Bitcoin network.

August the 1st has nothing to do with SegWit2x. That may or may not happen in November.

yes i found the way , what if i don't claim my BCC for longer? will they stay in my address forever right? i think they should , if not , is it possible and how and also why ? 

Aug 1 summary? uhhhh, china pushed their agenda bcc and are shoving lies into our faces, meanwhile I sell and increase my btc stash

ahhh yesss, i remember back in the day wondering the same thing.
At the time I was standing on the edge of a pool. The pool was called "The Deep End". Right next to the pool was a mountain. The mountain was called "Mt Learning-Curve". I considered my task, dive into the deep end, then clamber up Mt Learning Curve.
Diving into the deep end was fine, tha's easy, but while climbing up My Learning-Curve I would often get brain freezes, but tha's ok too, a good google often thawed them out

yes Chandu there are balance checks, just google bcc, bch or bitcoin cash balance... obviously don't use your private key to check it, just the public key is all at this stage...

Have fun on your journey, in life, there arn't many mountains to climb like this...

Regarding coins stored on a blockchain.info wallet, according to the below article, if you move your blockchain.info bitcoin after August 1, then the BCH are no longer going to be available through the coinomi app.

http://www.coinpurveyor.com/how-to/how-to-claim-bitcoin-cash-from-blockchain-wallet/

The article does not seem to really explain technically what happens to the BCH if the bitcoins are moved after August 1 - except maybe suggesting that the access to the BCH permanently destroyed by such movement?  Could that be?

The punchline is that I moved my Blockchain.info bitcoins after August 1, so can I no longer claim the BCH through any BCH wallet service - are my BCH gone?  or is there some other service that would allow me to claim the BCH that would have been at my addresses on that blockchain.info wallet as of the August 1 fork?

So far I used electron cash and BTC.com to reseed my 12 recovery words into them, and neither show any BCH, but I thought that possibly the electron cash problem was specific to electron cash because I was having the same problem with using my 12 recovery words seed in electrum - electrum would not show all of my blockchain.info addresses, either (and the electron cash and the electrum wallets seemed to have been based off of the same code).  The electrum wallet actually only showed one of my blockchain.info addresses (I have 57 addresses through that seed).  

Actually, I had a very similar problem with wallet on the ledger nano s, it would show me only 11 addresses, and only one address that had any bitcoin balance.  I couldn't get my ledger nano s to recognize all 57 addresses (or the large majority of my bitcoins that should have been there), so that was when I gave up attempting to split my BCH through the ledger nano s spitting capabilities and resorted to moving my bitcoins from the blockchain.info wallet in order to attempt to claim the BCH through one of the other BCH wallets that were listed on the bitcoincash.org website and mostly what I thought was in accordance with the suggestions of OP  - namely for me, so far, I tried electron cash and BTC.com and neither was able to identify any BCH balances available through my 12 word blockchain.info seed.

Any suggestions or links to information, anyone?  Or do I have to kiss those potential BCH as no longer being any kind of potential because of the way that they had been stored through that blockchain.info wallet system that could have somehow destroyed my ability to access BCH because of my moving of the BTC after August 1?  Seems like I might be missing some understanding of how this works exactly and how the blockchain.info wallet storage might be different from other storage systems and how OP was suggesting to claim BCH?

Edit 1:
I just looked at one of my BCH/BTC addresses on the BCH blockchain, and it shows that my BCH are still at that address and they have not been moved at the time that I moved the BTC off of that address.


http://blockdozer.com/insight/address/18akLArKa9oAWNCaGW9c3vH81dnhBfPyL


If you look at the same bitcoin address on the bitcoin blockchain, you can verify that I moved the bitcoins from that address on 8/18

https://blockchain.info/tx/f3f4920519786698826d5650b0f2c90b8fa31d952dc22037aa92e19dd155c233

So, yeah, it appears that all my BCH are still reachable through my various blockchain.info wallet addresses.  I just have to get to some kind of BCH interface in which I can plug in my 12 word seed and to see the 33 addresses that should have BCH on them... and then to be able to move or store them


Edit 2:

Actually, I decided to reload my ledger nano s and to attempt to get the BCH off of the one address with BCH that had showed up on there, previously, so I was able to send the BCH from one of the 33 addresses that should have BCH on them.  I sent it to Bitfinex for trading (namely selling) 1 address down 32 to go. 

Maybe the easiest way would be to figure out how I could get my ledger nano to recognize the other 32 addresses that have BCH in them?

One funny thing about the Ledger nano s, is that when I load the blockchain.info seed into it, it creates accounts.  So it created 11 accounts that all showed empty balances, except one account had a balance of BCH (that I sent to Bitfinex).  I could not find any place that there were a maximum number of accounts that it would recognize, but it is not recognizing approximately 46 out of 57 accounts --- 14 accounts (with no balances) and 32 accounts (with balances).

So when will finally take the SegWit2x? August 1 has already passed, but the size of the block is the same.

It looks like BCH was finally such a small Christmas gift for the bitcoin holder. HF has run smoothly, and it could spur further HFs in the future. What do you think about it?

Just wondering if there are any services / web wallet  - that will provide Bitcoincash in to balance by providing Bitcoin pvt key ?

Research does not require such trivial questions. You can find the solutions by using pretty much any search engine.

I don't see why you wouldn't be able to; I did that myself.

Then they are not worth redeeming at all to begin with.