Hard fork has been adverted! Breaking NEWS!

GideonGono

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Quote from: ninche on July 22, 2017, 03:19:13 AM

so 1st aug means nothing now!!!!!

Nope. We can't say that for sure. We can affirm this if the August 1 will arrive or pass. The article has not provide enough details and facts to put our hearts at ease but still considering that 80% had voted with it then 20% should think hard not to damage what Bitcoin is today in the decision that they will make. Anyway, as of now, we can't really tell unless we have access to the minds of the 20% who voted against it.

basesaw

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Quote from: Xavofat on July 22, 2017, 05:15:17 AM

Quote from: ninche on July 22, 2017, 03:19:13 AM

so 1st aug means nothing now!!!!!

False. There will be a hard fork to create the coin Bitcoin Cash, which is designed to be BTC with a drastically larger block size.

Bitcoin Cash is currently trading at around 20% of Bitcoin's value on the ViaBTC. When the tokens actually exist (as of August 1st) it's hard to say what the value will be, but I suspect that people will be dumping it at first.

It's important that you understand what's happening and keep your coins safe in a wallet where you control your private keys. Misinformation like this is what causes users to lose money by keeping their coins in Coinbase or other exchanges which may take your forked BTC.

Personally I don't intend to interact with my Bitcoin Cash at all, but I should still have it in case I ever want to sell.

LOL. It is like btu on hitbtc. some exchanges creating some fake tokens and results to their system to be annoying. I remember when I was trading on hitbtc maybe mid march they release the btu(hardfork of btc) but we all know that it doesnt exist at all. dont support those fake token please.

Xavofat

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Did you see that ludicrous display last night?

Quote from: ninche on July 22, 2017, 03:19:13 AM

so 1st aug means nothing now!!!!!

False. There will be a hard fork to create the coin Bitcoin Cash, which is designed to be BTC with a drastically larger block size.

Bitcoin Cash is currently trading at around 20% of Bitcoin's value on the ViaBTC. When the tokens actually exist (as of August 1st) it's hard to say what the value will be, but I suspect that people will be dumping it at first.

It's important that you understand what's happening and keep your coins safe in a wallet where you control your private keys. Misinformation like this is what causes users to lose money by keeping their coins in Coinbase or other exchanges which may take your forked BTC.

Personally I don't intend to interact with my Bitcoin Cash at all, but I should still have it in case I ever want to sell.

digaran

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Quote from: RaptorBTC on July 21, 2017, 02:03:32 PM

I did not believe in split, holded my BTC despite the fall this month.

Did you holded it really tight? lol so far Bitcoin has been the top crypto currency despite so many similar copies of it in the market even identical copies but the name has it's magic doing the job keeping it on top, as experts mentioned so many times, every body miner could fork at any time, that's something which was with Bitcoin from the day one, but what does it matter when they will not have the ticker of BTC? when they fork your coins double but you'll never have double of BTC on a single chain.

xuan87

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If this news is true then I am relieved, I never hoped that forking is going to happened, it really messed up everything, Bitcoin price dropping severely the traders also afraid to trade and the most important is the trust from the investors is dropping significantly, and now with this news Bitcoin can continue it's dominance

Napole0n

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Quote from: ninche on July 22, 2017, 03:19:13 AM

so 1st aug means nothing now!!!!!

I also hope so, this is an issue that wants to lower the price of bitcoin because they feel the price is expensive and want to buy bitcoin cheaper than now.

spadormie

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Since before I do not believe in this. But since there is a news regarding that this hardfork will not be issue or it will not happen. Well its good to hear that tho.

ninche

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so 1st aug means nothing now!!!!!

mundang

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Quote from: dreamer81 on July 22, 2017, 03:10:01 AM

As I said.. no matter what happens, bitcoin price will rise... why? because the only thing that can bring the price down, is if it crashes.

And those who place an order when bitcoin crash at 1900$ last week, are the ones enjoying thier easy profit. I did not smell that bitcoin will regain its 2600$ price in a day despite of having trouble about two weeks. If i knew that i maybe place an order too.

dreamer81

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As I said.. no matter what happens, bitcoin price will rise... why? because the only thing that can bring the price down, is if it crashes.

cjmoles

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This whole thing is just one big hassle! I don't know what to think any more....Somehow I get the feeling that this whole incident is going to lead to something very weird happening. I just hope it doesn't lead to the community losing confidence in the platform. It's actually a big deal in my mind ---> coinbase even telling me to secure my coins because they're going to stop transactions until the dust settles. I think the whole incident is being down played!

Sithara007

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Quote from: Xavofat on July 21, 2017, 03:07:35 PM

What you don't understand is that anyone could cause a chain split at any time.

BIP91 has been locked in. SegWit will be activated. We'll find out in three months whether miners follow through on their agreement to fork to a 2MB base block size. At that point there will be a chain split.

As for Bitcoin Cash, that's unrelated to BIP91 or what the vast majority of miners are supporting. BITMAIN-operated pools (pools led by Jihan Wu) are supporting BIP91 as a compromise, but they would ideally like Bitcoin Cash to succeed, as Bitcoin Cash is similar to Bitcoin Unlimited (block size increases).

You could argue that Bitcoin Cash is an altcoin, or you could argue that it's a modified version of Bitcoin. Either way, it will happen on August 1st and you will own some of it.

I think that they are going to keep their promise on the block size increase. Else their reputation will be lost and in the future they will not receive any sort of support from the other bloc of users.

deisik

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Quote from: bryant.coleman on July 21, 2017, 02:35:43 PM

All this is quite confusing. Someone is saying that it is still not 100% sure that the SegWit2x will be activated or not. And someone is saying that a split is still going to happen, with Jihan Wu & Co. pushing hard with Bitcoin Cash (BCC). Anyway, as per my understanding, there will be no chain split now. The BCC will be an altcoin rather than a split version of the BTC

It is actually a matter of convention

As to me, anything which is based on the copy of the blockchain made at some point means a split. You could call it an altcoin but that won't change the fact that it is a clone of the existing blockchain. If it doesn't get enough traction, enough support from both users and miners, it will quickly die. Otherwise, it is the regular Bitcoin which may bite the dust with the "altcoin" turning into a new Bitcoin. It is really a difference of degree, not of kind. And if there is enough "degree", it can be "safely" called a split, otherwise we can prefer to call it an altcoin

Xavofat

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Did you see that ludicrous display last night?

Quote from: bryant.coleman on July 21, 2017, 02:35:43 PM

All this is quite confusing. Someone is saying that it is still not 100% sure that the SegWit2x will be activated or not. And someone is saying that a split is still going to happen, with Jihan Wu & Co. pushing hard with Bitcoin Cash (BCC). Anyway, as per my understanding, there will be no chain split now. The BCC will be an altcoin rather than a split version of the BTC.

What you don't understand is that anyone could cause a chain split at any time.

BIP91 has been locked in. SegWit will be activated. We'll find out in three months whether miners follow through on their agreement to fork to a 2MB base block size. At that point there will be a chain split.

As for Bitcoin Cash, that's unrelated to BIP91 or what the vast majority of miners are supporting. BITMAIN-operated pools (pools led by Jihan Wu) are supporting BIP91 as a compromise, but they would ideally like Bitcoin Cash to succeed, as Bitcoin Cash is similar to Bitcoin Unlimited (block size increases).

You could argue that Bitcoin Cash is an altcoin, or you could argue that it's a modified version of Bitcoin. Either way, it will happen on August 1st and you will own some of it.

bryant.coleman

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All this is quite confusing. Someone is saying that it is still not 100% sure that the SegWit2x will be activated or not. And someone is saying that a split is still going to happen, with Jihan Wu & Co. pushing hard with Bitcoin Cash (BCC). Anyway, as per my understanding, there will be no chain split now. The BCC will be an altcoin rather than a split version of the BTC.

xbiv2

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Quote from: Iranus on July 21, 2017, 02:17:43 PM

1. This does not prevent a hard fork. A hard fork is supposed to happen to increase the base block size to 2MB in three months. That's why it's called SegWitx2.

2. Soft forks can also cause chain splits.

3.

Quote from: jt byte on July 21, 2017, 01:32:37 PM

Everybody is happy now, well except Bitcoin Unlimited has been foiled in their plans to undermine bitcoin

Bitcoin Unlimited support a hard fork which will happen on August 1st, creating "Bitcoin Cash".

Quote from: RaptorBTC on July 21, 2017, 02:10:46 PM

BTC insurgents can make their own coin.... and what? All this speculation on hardfork just whale games.

Mining pools just represent miners. If miners thought that their pool was particularly damaging, they could switch to a different one.

Quote from: xbiv2 on July 21, 2017, 02:01:27 PM

Have all answers, read my signature.

You are just an FUD factory.

Quote

You are just an FUD factory.

But you take all information from my signature.

RedditMaster

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I actually could not believe when I woke up and Bitcoin was up almost 50% in 24 hours. That is absolutely insane and I cannot think of another market where that has ever happened before.

Yakamoto

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Quote from: jt byte on July 21, 2017, 01:32:37 PM

Everybody is happy now, well except Bitcoin Unlimited has been foiled in their plans to undermine bitcoin and their users to their own doggleganger digital currency. Roll Eyes

https://qz.com/1035565/bitcoin-price-and-segwit-the-cryptocurrency-is-surging-because-a-hard-fork-has-been-averted/

I didn't think that BU was ever going to actually pass, it always seemed like there was a lot of talk against BU and if favor of Segwit, but I'm just glad technology isn't being poorly used and I'm fine with not handing more power over to a small cabal of people who are just trying to secure a major position to make themselves feel relevant.

I'm fine with a Segwit fork really. It could be a lot worse, as BU demonstrated, but it isn't the absolute top of the line it could be either iirc.

harizen

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Quote from: jt byte on July 21, 2017, 01:32:37 PM

Everybody is happy now, well except Bitcoin Unlimited has been foiled in their plans to undermine bitcoin and their users to their own doggleganger digital currency. Roll Eyes

https://qz.com/1035565/bitcoin-price-and-segwit-the-cryptocurrency-is-surging-because-a-hard-fork-has-been-averted/

At least (even a little bit) it will take away the worries of other crypto users who are not aware of what will really happened. And besides, the FUD recently test those bitcoin users. Some do cashout and withdraw, some acquired more coins and some just stay and hold while watching their bitcoin lowering it's price over time.

Now those who close their eyes to face the risk are now being overwhelmed of the resullt they have acquired from taking the risk.

Iranus

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1. This does not prevent a hard fork. A hard fork is supposed to happen to increase the base block size to 2MB in three months. That's why it's called SegWitx2.

2. Soft forks can also cause chain splits.

3.

Quote from: jt byte on July 21, 2017, 01:32:37 PM

Everybody is happy now, well except Bitcoin Unlimited has been foiled in their plans to undermine bitcoin

Bitcoin Unlimited support a hard fork which will happen on August 1st, creating "Bitcoin Cash".

Quote from: RaptorBTC on July 21, 2017, 02:10:46 PM

BTC insurgents can make their own coin.... and what? All this speculation on hardfork just whale games.

Mining pools just represent miners. If miners thought that their pool was particularly damaging, they could switch to a different one.

Quote from: xbiv2 on July 21, 2017, 02:01:27 PM

Have all answers, read my signature.

You are just an FUD factory.

Topic: Hard fork has been adverted! Breaking NEWS! (Read 1277 times)