[Guide] Handling splits: UASFs, BIP148, etc. - page 13.

aesma

hero member

Activity: 2380

Merit: 916

fly or die

Quote from: Sorai on July 21, 2017, 07:10:30 AM

All these people posting in this thread who acted on fear of a fork by converting to USD are down quite a lot of money today.

This whole thread made the issue appear overly complicated. Keeping your Bitcoins in cold storage -- paper or hardware wallet -- was all you had to be sure to do. BTC should be stored that way regardless.

Well reading that thread a lot of people, even with 300 activity, don't understand the first thing about BTC. For them, a "wallet" is already mysterious.

hv_

legendary

Activity: 2520

Merit: 1055

Clean Code and Scale

Time Lines / Mile Stones

https://medium.com/@jimmysong/uasf-segwit2x-scenarios-and-timelines-1a540336c4be

Sorai

member

Activity: 92

Merit: 10

All these people posting in this thread who acted on fear of a fork by converting to USD are down quite a lot of money today.

This whole thread made the issue appear overly complicated. Keeping your Bitcoins in cold storage -- paper or hardware wallet -- was all you had to be sure to do. BTC should be stored that way regardless.

hv_

legendary

Activity: 2520

Merit: 1055

Clean Code and Scale

Quote from: achow101 on July 20, 2017, 10:15:26 PM

Now that BIP 91 has almost locked in, once it activates, it will hopefully make BIP 148 a non-event. However there is risk that enforcement does not happen for BIP 91 and BIP 148 may still happen. Even if BIP 91 is enforced, there may be many smaller forks since not 100% of the hash power is signaling BIP 91 and thus may end up mining BIP 91 invalid blocks. These invalid blocks could be briefly extended upon by spy mining and by other non-BIP 91 miners thus resulting in a fork. Such forks would likely be reorged out but they may happen multiple times, so we would end up with several mini-forks that go away.

Thx you update us all on the latent risks, even if their entry prob is mostly neglectible(now).

I'd expected this from UASF fan-boys since it is fully up to their duties to take care and responsibilities, or are they fine with a split by any means?

KNK

hero member

Activity: 692

Merit: 502

There are orphan blocks all the time and this will be no different - nothing to worry about

achow101

staff

Activity: 3374

Merit: 6530

Just writing some code

Now that BIP 91 has almost locked in, once it activates, it will hopefully make BIP 148 a non-event. However there is risk that enforcement does not happen for BIP 91 and BIP 148 may still happen. Even if BIP 91 is enforced, there may be many smaller forks since not 100% of the hash power is signaling BIP 91 and thus may end up mining BIP 91 invalid blocks. These invalid blocks could be briefly extended upon by spy mining and by other non-BIP 91 miners thus resulting in a fork. Such forks would likely be reorged out but they may happen multiple times, so we would end up with several mini-forks that go away.

KNK

hero member

Activity: 692

Merit: 502

It's 15/15 now, so we can start counting!

EDIT: With 4 quick blocks from AntPool we are 1 block closer

KNK

hero member

Activity: 692

Merit: 502

Quote from: torrentco on July 20, 2017, 02:13:15 PM

40 out of 56 blocks and everythings cool.
it is almost guaranteed.

29 of 44 now - it is not guaranteed till it happens (and the price drop shows the fear Grin

)

The missing block is:

Quote

476729 0x20000000 Kano CKPool

The luck may play a bad role here, but such massive support in such a short time is remarkable even for a dictatorial regime Shocked

... when miners are united against a common enemy (the fork) ...

EDIT: Oh and SegWit2x/NYA support is already at 98%, so that's another almost

torrentco

sr. member

Activity: 2100

Merit: 418

40 out of 56 blocks and everythings cool.
it is almost guaranteed.

hv_

legendary

Activity: 2520

Merit: 1055

Clean Code and Scale

Quote from: c1ph3r513 on July 20, 2017, 01:45:38 PM

This should be one heck of a fireworks show come Aug. 1st...

Come to Switzerland. This is the Swiss Nation day and fireworks a lot anyway.

Cheesy

c1ph3r513

newbie

Activity: 3

Merit: 0

This should be one heck of a fireworks show come Aug. 1st...

MienEva

newbie

Activity: 3

Merit: 0

so at some point the split will cause no transactions or tiny amounts of transactions being processed. so what happens with bitcoins value if it becomes untouchable for extensive period of time?

Yefet

hero member

Activity: 643

Merit: 501

Crypto Mentat

Quote from: ashish1234 on July 20, 2017, 10:17:24 AM

Here is my query:
I have stored my coins over Electrum desktop wallet and noted down seed and private key on paper.
on 1st Aug. bitcoin get split ( 2 or 3 ), then there will be separate guideline to get all split currency or what will be steps.

Thanks

Specifically for Electrum there's a guide

How to split your coins using Electrum in case of a BU Hard Fork

or you can simply import your privkeys to the clients of the splitcoins, eg Bitcoincash, which declared to fork anyway.

ashish1234

full member

Activity: 158

Merit: 100

Here is my query:
I have stored my coins over Electrum desktop wallet and noted down seed and private key on paper.
on 1st Aug. bitcoin get split ( 2 or 3 ), then there will be separate guideline to get all split currency or what will be steps.

Thanks

aesma

hero member

Activity: 2380

Merit: 916

fly or die

Quote from: R3d Antz on July 19, 2017, 11:54:50 PM

Quote from: cybersofts on July 19, 2017, 09:04:37 PM

Quote from: ClownSpider on July 19, 2017, 06:10:47 PM

When will you people stop posting lies and being information terrorists, frightening the masses?

There will only be one bitcoin.
Forks are for eating. Not for scaring people.

If someone makes a new digital currency, nobody gives a flying fuck.
Bitpay, coin desk, coinbase, purse, and major players like overstock who accept bitcoin are NOT going to magically have the ability or care about some new fake ass currency by Kanye West, or whatever jerk thinks they can compete with Bitcoin.

Your bitcoin is safe, your bitcoin will always be bitcoin even if someone invents a new crypto currency based off the bitcoin blockchain.
You're bitcoin is not stolen. lol How dumb are people?

In fact everyone will suddenly have double the coin!
Whatever amount of BTC you have, you will also have of a new coin! Hopefully it is worth more than nothing, so you profit.
But Bitcoin is still valued as bitcoin, and bitcoin is the only widely accepted, established digital currency you can shop on Amazon, and even buy a lamborghini.

So stop scaring people.

One of the posts that makes sense around here. The rest are just scary Grin

Totally agree with your opinion, a lot of confusing information that blows about HF

Bitcoin is complicated stuff. You don't need to understand everything to use it, but closing ones eyes and repeating that nothing is happening doesn't make it so. Something is happening. It may all be fine, it may all go to shit, you must be prepared.

aesma

hero member

Activity: 2380

Merit: 916

fly or die

Just unbelievable :

Quote from: Andrey123 on July 19, 2017, 11:43:11 PM

Guys, and keep the coins on the site: blockchain.info is it safe?

I do not understand where to download the other wallets and how to transfer the coins ((

So you've got more than 350 posts on this forum but have never visited bitcoin.org : https://bitcoin.org/en/choose-your-wallet

Or the noob sections here ?

Yefet

hero member

Activity: 643

Merit: 501

Crypto Mentat

Quote from: mindrust on July 20, 2017, 09:04:29 AM

Quote from: sunny163 on July 20, 2017, 08:56:09 AM

Quote from: Yefet on July 20, 2017, 08:54:37 AM

Quote from: sunny163 on July 20, 2017, 08:47:52 AM

There will be no fork ?
Price is rising like anything

will be a Fork, but no Split - no reasons to worry (almost Wink

mostly all will be happy but i am little bit unhappy because i sold 20 btc at 1910 and now price is rising too much i am in point of nowhere what to do

You learnt why you shouldn't sell your coins in any occasion. That was a 600$*20 lesson for you. Now get your coins back because the moon is near. You are better off buying back from 2500$ instead of 10k$.

I did the same mistake in the past.

Never, ever, never ever sell any bitcoins in any situation.

Remember bitcoin got killed 23436464 times in the past and this was the 23436465th time. Cool

Yes, if you're not a trader just hodl
And by the way, there is always an airdrop for the Bitcoin holders around the corner Grin

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: sunny163 on July 20, 2017, 08:56:09 AM

Quote from: Yefet on July 20, 2017, 08:54:37 AM

Quote from: sunny163 on July 20, 2017, 08:47:52 AM

There will be no fork ?
Price is rising like anything

will be a Fork, but no Split - no reasons to worry (almost Wink

mostly all will be happy but i am little bit unhappy because i sold 20 btc at 1910 and now price is rising too much i am in point of nowhere what to do

You learnt why you shouldn't sell your coins in any occasion. That was a 600$*20 lesson for you. Now get your coins back because the moon is near. You are better off buying back from 2500$ instead of 10k$.

I did the same mistake in the past.

Never, ever, never ever sell any bitcoins in any situation.

Remember bitcoin got killed 23436464 times in the past and this was the 23436465th time. Cool

sunny163

member

Activity: 126

Merit: 10

Quote from: Yefet on July 20, 2017, 08:54:37 AM

Quote from: sunny163 on July 20, 2017, 08:47:52 AM

There will be no fork ?
Price is rising like anything

will be a Fork, but no Split - no reasons to worry (almost Wink

mostly all will be happy but i am little bit unhappy because i sold 20 btc at 1910 and now price is rising too much i am in point of nowhere what to do

Yefet

hero member

Activity: 643

Merit: 501

Crypto Mentat

Quote from: sunny163 on July 20, 2017, 08:47:52 AM

There will be no fork ?
Price is rising like anything

will be a Fork, but no Split - no reasons to worry (almost Wink

Topic: [Guide] Handling splits: UASFs, BIP148, etc. - page 13. (Read 48553 times)