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Topic: Bitcoin Scaling Flowchart (Read 1466 times)

newbie
Activity: 3
Merit: 0
July 20, 2017, 02:52:16 AM
#25
found another good one here, like the dark colour theme better  Grin
https://i.imgur.com/g32xKY7.jpg?3
full member
Activity: 140
Merit: 100
July 19, 2017, 08:20:30 AM
#24
So if the hard fork happens, is it better to have my BTC on a paper wallet, HW wallet or an exchange?

I think the best place to keep it is in your own wallet. Of course that can be a paperwallet, but don't leave it on exchanges or something like coinbase. Keep it safe until everything is over.
full member
Activity: 378
Merit: 101
July 19, 2017, 06:58:23 AM
#23
It's not BIP91 that I'm concerned about. According to this chart, things are looking messy down the road (November 1st)
100% miner support, seriously??? So, a split is confirmed in November???

I agree. All the stress about Aug 01 was just FUD. It is the November date people need to worry about.
sr. member
Activity: 322
Merit: 253
Property1of1OU
July 19, 2017, 06:44:23 AM
#22
BIP148-UASF last step... "change of POW" ...   Roll Eyes

How can I buy "GPU manufactures" stock shares ?   Grin

Nvidia is on stock exchange not sure about amd u betta off shorting them soon

I also was wondering here if that event would some how affect GPU Cloud market (AWS, GCE, Azure, Bluemix, etc) although their hardware are mostly based on Nvidia Tesla Series ... I'm not sure if that GPU is the optimal hardware for mining since Tesla Series are optimized for Machine Learning applications ...
sr. member
Activity: 489
Merit: 253
July 19, 2017, 06:35:33 AM
#21
BIP148-UASF last step... "change of POW" ...   Roll Eyes

How can I buy "GPU manufactures" stock shares ?   Grin

Nvidia and amd on nasdaq better off shorting them soon particularly amd
sr. member
Activity: 322
Merit: 253
Property1of1OU
July 19, 2017, 06:28:10 AM
#20
BIP148-UASF last step... "change of POW" ...   Roll Eyes

How can I buy "GPU manufactures" stock shares ?   Grin
sr. member
Activity: 489
Merit: 253
July 19, 2017, 05:09:28 AM
#19
Here is another good flowchart

https://imgur.com/a/0nWwn
legendary
Activity: 3248
Merit: 1070
July 19, 2017, 04:43:17 AM
#18
so either solution will happen, this current main chain will be a thing of the past, i mean the current block limit will be removed in soem way on 1 august

It's not BIP91 that I'm concerned about. According to this chart, things are looking messy down the road (November 1st)
100% miner support, seriously??? So, a split is confirmed in November???

If there were 100% miner support where do you see a split ?

There won't be a 100% support. I don't see it. There are folks with different opinions and it's nearly impossible for them ALL to agree on one thing.


as long as the majority agree who care about the other, the consensus was never about reaching 100%, at worse 95% i remember, which is still high
full member
Activity: 146
Merit: 100
July 19, 2017, 04:09:49 AM
#17
Minecache I really enjoy your posts. they are on the point and often helpful so i thank you brother for your contributions to this world. are you a ethereum community advisor ?
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
July 19, 2017, 03:58:17 AM
#16
It's not BIP91 that I'm concerned about. According to this chart, things are looking messy down the road (November 1st)
100% miner support, seriously??? So, a split is confirmed in November???

If there were 100% miner support where do you see a split ?

There won't be a 100% support. I don't see it. There are folks with different opinions and it's nearly impossible for them ALL to agree on one thing.


Sure - now the lock-in period is to show how big the majority is 80 / 90 ...  than the minority can be orphaned more or less...
full member
Activity: 173
Merit: 100
July 19, 2017, 03:33:34 AM
#15
It's not BIP91 that I'm concerned about. According to this chart, things are looking messy down the road (November 1st)
100% miner support, seriously??? So, a split is confirmed in November???

If there were 100% miner support where do you see a split ?

There won't be a 100% support. I don't see it. There are folks with different opinions and it's nearly impossible for them ALL to agree on one thing.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
July 19, 2017, 03:30:01 AM
#14
It's not BIP91 that I'm concerned about. According to this chart, things are looking messy down the road (November 1st)
100% miner support, seriously??? So, a split is confirmed in November???

If there were 100% miner support where do you see a split ?
full member
Activity: 173
Merit: 100
July 19, 2017, 03:23:43 AM
#13
It's not BIP91 that I'm concerned about. According to this chart, things are looking messy down the road (November 1st)
100% miner support, seriously??? So, a split is confirmed in November???
newbie
Activity: 11
Merit: 0
July 19, 2017, 03:19:29 AM
#12
From the look of this source https://coin.dance/blocks it looks like we not gonna get BIP 91 by 1st of August where coindesk states here http://www.coindesk.com/happen-bitcoin-visual-guide-scaling-outcomes/ that BIP 91 likely to happen "Today, 76% of bitcoin's mining hashrate is signaling for BIP 91"

Am I missing something?
sr. member
Activity: 560
Merit: 253
July 19, 2017, 03:08:51 AM
#11
So if the hard fork happens, is it better to have my BTC on a paper wallet, HW wallet or an exchange?
hero member
Activity: 994
Merit: 544
July 19, 2017, 02:45:32 AM
#10
Helpful for visualising what can happen when.



I have a hard time imagining things as to what will happen if one is not approved or one is approved. But your charts have made it clear as to what will be the next situation if BIP91 will be approved or not. But I do hope that BIP91 will be accepted by all miners and that there will be no more bitcoin split. Hope that the August 1 event will be successful so that the community will not be in panic again.
sr. member
Activity: 868
Merit: 259
July 19, 2017, 02:44:30 AM
#9
I didnt expect this to be so confusing. If we were going to have Segwit anyway why didnt the miners just activate it and it could have saved us a lot of time and money. Not to mention all the stress that came with it.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
July 19, 2017, 02:40:02 AM
#8
Thanks a lot for this OP. I think this explains all the answers of a common man. But truly from this chart, I am now more confused with the segwit2x thing. Hope we are not heading down a jagged road?
We want to avoid that path.
sr. member
Activity: 644
Merit: 299
July 19, 2017, 01:36:33 AM
#7
Thanks a lot for this OP. I think this explains all the answers of a common man. But truly from this chart, I am now more confused with the segwit2x thing. Hope we are not heading down a jagged road?
hero member
Activity: 812
Merit: 509
July 18, 2017, 11:05:38 PM
#6
Helpful for visualising what can happen when.



Thanks for that, I took a screenshot and might make that my wallpaper for my laptop for the coming days as a warning. Recent pumps in bitcoin and other alt coins have pushes bitcojn through the 2300 mark again and this tells me that segwit will probably not kill Bitcoin. Good luck to all the people who are still holding towards the August first mark, prep your private keys and lets hope for the best.
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