BIp91 locked in? | Bitcointalksearch.org

NUFCrichard

legendary

Activity: 1218

Merit: 1003

Quote from: pooya87 on July 20, 2017, 09:27:15 PM

Quote from: Searing on July 20, 2017, 09:19:53 PM

*until the next FUD in a few months ..when the 2mb option on this is pushed...

you mean the next "Discount day" whenever it comes.
this time the biggest one was a 60% discount on bitcoin (the summer sale) at $1830 since we are going to be nearly $2900-$3000 Grin

A 60% discount on $3000 is $1800? I personally would say it was a 40% discount...

We can laugh about it (after the fact) but the volatility of Bitcoin makes it a joke. 40% falls are fine in Zimbabwe, but for a serious currency, it can't happen.
Can you imagine being paid in Bitcoin based on a USD amount? You get paid 40% less this month, oh it's recovered now but your rent is due!

talks_cheep

legendary

Activity: 1036

Merit: 1000

Bitcoin and its underlying technology are 10 years old. I wouldn't call them young anymore. People all over the world have been slow to adopt btc, but don't confuse the adoption rate with age.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Quote from: iamTom123 on July 20, 2017, 09:32:57 PM

We are all happy with this turn of events...the most important thing is that the dreaded split may not be happening after all. Although there are some who can be questioning whether this solution can be for the long-term or just a band-aid approach, for now the thing is that they will not be rocking the boat, so to speak.

I think, after all, the split is an outcome very few would truly savour and many would fight to prevent, despite what outward intentions may appear to be. The repercussions on reputation and confidence for such a young tech is still too unpredictable. Band-aid solution it may be, but recognising that there will never be an end-all scaling solution buys Bitcoin the time it deserves.

pumpmydump

member

Activity: 151

Merit: 10

BIP91 (bit 4) shows an intent to signal BIP141 (bit 1, in order to activate Segwit) and to reject the nodes not signaling it. So you would expect that over 80% of miners would now signal BIP141. Yet BTC.com, Antpool and ViaBTC are still not signaling BIP141. They still have a grace period of 300 blocks to do so. When this grace period ends, the nodes enforcing BIP91 will reject those not signaling BIP141. Either the above pools will start signaling BIP141 soon, or they were lying about enforcing BIP91

edit: actually Antpool and ViaBTC have started signaling BIP141 now

Hyena

legendary

Activity: 2114

Merit: 1015

the rally is because of the block size increase part not the segwit part. segwit will just be ignored and not used just like in litecoin.

yugyug

sr. member

Activity: 616

Merit: 256

even though the bip91 was locked in, it doesn't give a guarantee that the current bitcoin development will not occur a lot of headaches in the long run. imho bip91 was just a politically motivated.

Totscha

hero member

Activity: 1276

Merit: 622

Quote from: howto on July 20, 2017, 10:13:11 PM

i'm confused about bit 91, on reddit i read BIP-91 lock-in does not guarantee segwit will be activated unless BIP-91 is actually enforced. what does it mean?? and now after bip 91 locked in price slowly down.

BIP 91 is a promise that miners will reject all blocks that do not signal SegWit i.e. BIP 141. By doing that the 95% support for SegWit will be acheived.

So, yeah. BIP 91 will have to be enforced.

moopser

newbie

Activity: 90

Merit: 0

Whats going to happen next?
BIP148 on Aug 1st and possible split depending on support level?

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

At least we are going to commit to something some progress is required towards development.
It's a lot of chaos but its progress of some sort.
http://www.cnbc.com/2017/07/18/bitcoin-soars-as-miners-move-to-solve-the-digital-currency-scaling-problem.html

howto

newbie

Activity: 38

Merit: 0

i'm confused about bit 91, on reddit i read BIP-91 lock-in does not guarantee segwit will be activated unless BIP-91 is actually enforced. what does it mean?? and now after bip 91 locked in price slowly down.

talks_cheep

legendary

Activity: 1036

Merit: 1000

It's just a band-aid. A temporary solution to a permanent problem. Without a clear and unified direction from the Core devs, btc is fundamentally broken.

iamTom123

hero member

Activity: 490

Merit: 501

Quote from: Wind_FURY on July 20, 2017, 09:10:31 PM

I believe this will be it. we have Segwit coming. So far so good, the market is happy, the miners are happy, most of the people in this forum are happy and that is all that matters for now.

We are all happy with this turn of events...the most important thing is that the dreaded split may not be happening after all. Although there are some who can be questioning whether this solution can be for the long-term or just a band-aid approach, for now the thing is that they will not be rocking the boat, so to speak.

The retreat of Bitcoin's value for the past weeks is largely contributed to that fear of what can be come August 1 because at that time speculations were flying from all directions and nobody can clearly state the direction Bitcoin was taken into.

Now, there is a euphoric feeling that after all the debates and shenanigans we finally come to a better conclusion. Though it might not be the ultimate solution the thing is that it can be the most acceptable for now...

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Searing on July 20, 2017, 09:19:53 PM

*until the next FUD in a few months ..when the 2mb option on this is pushed...

you mean the next "Discount day" whenever it comes.
this time the biggest one was a 60% discount on bitcoin (the summer sale) at $1830 since we are going to be nearly $2900-$3000 Grin

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

yep

https://www.xbt.eu/

dance bird dance

*until the next FUD in a few months ..when the 2mb option on this is pushed...

btc: always drama

.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

I believe this will be it. we have Segwit coming. So far so good, the market is happy, the miners are happy, most of the people in this forum are happy and that is all that matters for now.

BustyKuroNeko

full member

Activity: 125

Merit: 100

Canadian Miner Passing Through~~

Hi, well i just checked on
https://coin.dance/blocks
and it says that BIP91 is locked in and that it is scheduled for activation in 349 Blocks
Any thoughts?

Topic: BIp91 locked in? (Read 997 times)