Can someone explain how does the introduction of this BIP activation bring changes to the confirmations required by websites ?
I noticed nitrogen made an announcement that now they will require 6 confirmations due to the BIP activation.
Topic: BIP 91 activation is scheduled to take place in: 350 Blocks (Read 1659 times)
That's why i survey the version of Blocks ... every 12h.
BIP9 signaling (more than 95%) : http://bitcoin.sipa.be/versions.html
https://www.xbt.eu/ (144 Blocks)
BIP9 signaling (more than 95%) : http://bitcoin.sipa.be/versions.html
https://www.xbt.eu/ (144 Blocks)
Now the BIP 141 is trying to lock in. But this time, it needs 95% and so far only 51.2% of the blocks have signaled it. So it is not projected to lock in during this signalling period. But I have high hopes for the next signaling period, because 94.4% of the blocks which were mined today supported the SegWit (the BIP 141 version).
Now this has just become more confusing. So BIP 141 locking in is a good thing, right? If that and BIP 91 fails how does BIP 148 fit in with the whole scenario? Will miners be forced to activate Segwit then?
What does bip91 activation mean exactly? They still need to lock in and activate bip141, right? That require 95% and if I understood correct that will be reached much more easily now when bip91 soon starts to reject non-segwit blocks? Was that the whole purpose of bip91?
to force the activation of bip141, to get other miners to follow the activation and reject as you said the non-segwit blocks http://www.coindesk.com/bip-91-locks-means-bitcoin-not-scaled-yet/
i have missed that its by bitmain so they are pro segwit, but not segwit2x...it's becoming a chaos...
What does bip91 activation mean exactly? They still need to lock in and activate bip141, right? That require 95% and if I understood correct that will be reached much more easily now when bip91 soon starts to reject non-segwit blocks? Was that the whole purpose of bip91?
I think it's a good news for us all bitcoin holders, it never hurts to hold bitcoin inside our wallet before going to the moon
Now the BIP 141 is trying to lock in. But this time, it needs 95% and so far only 51.2% of the blocks have signaled it. So it is not projected to lock in during this signalling period. But I have high hopes for the next signaling period, because 94.4% of the blocks which were mined today supported the SegWit (the BIP 141 version).
Then what should we do with this news, do we have to sell all bitcoin to fiat? I'm also worried about the BIP 91 issue that made me sell 1.75 btc a few days ago.if you get scared of things you don't understand or generally if you are scared with each bump on the road then you did the best thing to sell because bitcoin will have these types of drama and bumps on the road until it reaches $10,000 and you won't last long with a weak heart
More than 93% of miners have signaled support to BIP91 and this is only the first stage in upgrading the SegWit2x system. The upgrade process has not ended here, the lock-in phase of BIP91 will end in two days to wait for miners to activate the software, which will take another 2 weeks for SegWit to deploy. After entering stage 2 of SegWit2x requires 100% consensus from the miners and this phase will decide for the future context 
Now the BIP 141 is trying to lock in. But this time, it needs 95% and so far only 51.2% of the blocks have signaled it. So it is not projected to lock in during this signalling period. But I have high hopes for the next signaling period, because 94.4% of the blocks which were mined today supported the SegWit (the BIP 141 version).
Then what should we do with this news, do we have to sell all bitcoin to fiat? I'm also worried about the BIP 91 issue that made me sell 1.75 btc a few days ago.
Now the BIP 141 is trying to lock in. But this time, it needs 95% and so far only 51.2% of the blocks have signaled it. So it is not projected to lock in during this signalling period. But I have high hopes for the next signaling period, because 94.4% of the blocks which were mined today supported the SegWit (the BIP 141 version).
Well, it is locked in yes.
Could the miners pull out and not activate it? That remains to be seen. They could completely do a fake on us all and crash it hard. They probably won't though.
It will be done sometime in the next day or two.
We will see!
Could the miners pull out and not activate it? That remains to be seen. They could completely do a fake on us all and crash it hard. They probably won't though.
It will be done sometime in the next day or two.
We will see!
BIP91 LOCKED-IN
229 blocks until rejecting non-SegWit blocks. https://www.xbt.eu/
I don't think the miners would do such a thing. Want benefit will it bring? They will just crash resulting to investors losing trust in the bitcoin technology.
So here comes the question... What will happen in the future, if the 2MB block size also becomes incapable of handling all the transactions? I am asking this, because the number of users have risen by many times during the past 2 years. We can expect the momentum to be maintained in the near-future as well. So what will happen if the problem with delayed transactions and high fees occur once more after one or two years?
Then we will have the same situation all over again. Drama, FUD, Debate and Civil War. Well, let's just enjoy the ride for the next 2-5 years or so before seeing it again. Hah, the soap opera will continue again.
Isn't segwit2x only good for miners and bad for everybody else? That's what I've read.
How it can be bad for normal bitcoin users? It will make bitcoin transactions cheaper and faster again and also opens doors for lightening network which will add lots of new features and possibility to bitcoin and it will make transactions instant.So here comes the question... What will happen in the future, if the 2MB block size also becomes incapable of handling all the transactions? I am asking this, because the number of users have risen by many times during the past 2 years. We can expect the momentum to be maintained in the near-future as well. So what will happen if the problem with delayed transactions and high fees occur once more after one or two years?
Isn't segwit2x only good for miners and bad for everybody else? That's what I've read.
How it can be bad for normal bitcoin users? It will make bitcoin transactions cheaper and faster again and also opens doors for lightening network which will add lots of new features and possibility to bitcoin and it will make transactions instant. So if the initial segwit is activated, does this mean that things will move faster and cheaper for everyone?
https://bitcoinmagazine.com/articles/bip-91-has-activated-heres-what-means-and-what-it-does-not/
Quote
Although well over 80 percent of hash power has signaled bit 4 for BIP 91 lock in, this doesn’t actually guarantee anything. Most importantly, it doesn’t in itself mean that these miners will signal bit 1 for SegWit.
Indeed, so far, most miners don’t. Currently, the proportion of miners signaling bit 1 is still far lower than BIP 91 activation would suggest. It is even lower than 50 percent.
Moreover, BIP 91 will probably be enforced by hardly any economically relevant nodes; that is, nodes operated by users that accept bitcoins as payment. Almost no Bitcoin users on the network recognize BIP 91 or its bit 4 signaling at all, and will therefore continue to accept blocks with or without bit 1.
Indeed, so far, most miners don’t. Currently, the proportion of miners signaling bit 1 is still far lower than BIP 91 activation would suggest. It is even lower than 50 percent.
Moreover, BIP 91 will probably be enforced by hardly any economically relevant nodes; that is, nodes operated by users that accept bitcoins as payment. Almost no Bitcoin users on the network recognize BIP 91 or its bit 4 signaling at all, and will therefore continue to accept blocks with or without bit 1.
Well, it is locked in yes.
Could the miners pull out and not activate it? That remains to be seen. They could completely do a fake on us all and crash it hard. They probably won't though.
It will be done sometime in the next day or two.
We will see!
Could the miners pull out and not activate it? That remains to be seen. They could completely do a fake on us all and crash it hard. They probably won't though.
It will be done sometime in the next day or two.
We will see!
Good news!
BIP 91 has now met the required signalling level for the period (80%) and has now locked in.Miners have until this time to upgrade their nodes. Blocks not signalling BIP 141 (bit 1) will be rejected after activation.
Bitcoin to the moon!
BIP 91 has now met the required signalling level for the period (80%) and has now locked in.Miners have until this time to upgrade their nodes. Blocks not signalling BIP 141 (bit 1) will be rejected after activation.
Bitcoin to the moon!
Many people do not understand that BIP 91 meeting the threshold is is not warranty that Segwit will be active. Miners have to signal for bit 1 and less than 50% are signalling for it. BIP 91 is enforced by hash power alone. This means that a majority of miners (by hash power) could back out of BIP 91. I think this is what the whales want. Drive the price up with this supposed "good" news then pull the rug out from those that have not done their due diligence!
Miners could be false-signaling and then change their position in the last second, but this would be totally insane, whoever is involved with this would lose all credibility so I give this a small chance of happening. If it happens, most of the community would agree on getting rid of the miners that make such a bitch move.
At this point BIP148 should kept until segwit is actually working.
The BIP91 phases :
A - 336 block Signalling phase
B - Lock-in period
C - 336 block grace period
D - Enforcement -- the rejection of non-SegWit blocks until BIP9/BIP141 locks in and activates SegWit on regular Core nodes
We just finished the Lock-in phase, so we need to wait for another few days to see if the regular nodes will follow suit. ^hmm^
A - 336 block Signalling phase
B - Lock-in period
C - 336 block grace period
D - Enforcement -- the rejection of non-SegWit blocks until BIP9/BIP141 locks in and activates SegWit on regular Core nodes
We just finished the Lock-in phase, so we need to wait for another few days to see if the regular nodes will follow suit. ^hmm^
Yes, these are few steps which are required to complete the BIP91 and we do not care if they takes even few days to complete. The main point is that we have BIP91 locked in and now there is zero percent chance of BIP148 or hard fork. This is a sign of relief for many bitcoin holders as they were fearing a loss in coins and value in case a hardfork was locked in.
Ok heres another confusing thing for me, where does the hard fork to 2mb blocks come in here? Has it yet to be coded and are the miners trusting the developers to really follow the NYA? What if they back out from it?
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