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Topic: HERE IS HOW THE FORK WILL HAPPEN. - page 4. (Read 6285 times)

full member
Activity: 182
Merit: 111
July 25, 2017, 10:53:46 AM
#28
If Bitcoin forks it will be a killer for everyday user acceptance. Non cryptogeeks barely understand Bitcoin, talk to them about two different Bitcoins and they will turn away for sure.

Many people forced to use bitcoin. But "investors" yes, can run away.
sr. member
Activity: 259
Merit: 250
July 25, 2017, 10:48:39 AM
#27
If Bitcoin forks it will be a killer for everyday user acceptance. Non cryptogeeks barely understand Bitcoin, talk to them about two different Bitcoins and they will turn away for sure.
legendary
Activity: 2026
Merit: 1034
Fill Your Barrel with Bitcoins!
July 25, 2017, 10:45:06 AM
#26
Bitcoin is the Rai Stones of Cryptocurrencies. Sure, newer and different "Coins" will come out that are possibly easier and quicker to transact... but just like Rai Stones, Bitcoin's value will continue to appreciate in value.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
July 25, 2017, 10:44:53 AM
#25

3-4 months ago, poloniex had explained that they were ready for hard fork and they will also issue the splitted bitcoin one. But this time, they're very silent and we don't know what will happen to our bitcoins.

Of a truth, Poloniex has become criminally silent on this and other important matters of concern. The support system has broken down and no complaints or query seem to be getting resolved lately. I am just concerned and worried that the worse may happen with Polo in days to come.
legendary
Activity: 1218
Merit: 1006
July 25, 2017, 10:39:42 AM
#24
It looks like an interesting analysis, but I'm optimistic hard fork will not happen and of course the exchanger will try to secure the account because they do not want to lose the business.
Hard fork is still possible but all these bitcoin clones can't compete with bitcoin if we look at current support level segwit have.

Bitcoin exchange platform might keep all those free clones or give them to their respected owners if there will be network split. But to give those free coins to their users they have to add those clones in trading pairs which most of the platform might not do.
full member
Activity: 182
Merit: 111
July 25, 2017, 10:30:55 AM
#23
they do not want to lose the business.
Not realy, sometime it happen, Mt Gox and now btc-e.com
sr. member
Activity: 1722
Merit: 252
July 25, 2017, 10:26:15 AM
#22
It looks like an interesting analysis, but I'm optimistic hard fork will not happen and of course the exchanger will try to secure the account because they do not want to lose the business.
full member
Activity: 182
Merit: 111
July 25, 2017, 08:47:03 AM
#21
we had a strong consensus in Bitcoin community
Not really. Mining pools and modern bitcoin-core developers trying to push his opinion. But not only this people in community.
legendary
Activity: 3024
Merit: 2148
July 25, 2017, 06:42:15 AM
#20
This feels like it'll be a damn cluster fuck.

No it's not. The ability to fork was always there, but we had a strong consensus in Bitcoin community, so it wasn't really needed, but now, but now there's a split and some groups accuse each other of attempting to centralize Bitcoin and take it over, so people started talking about forking. But I believe that economic majority of users still suport Core and no fork can affect Bitcoin's price for a long period. So, as always. just relax and hodl. Or try to play the markets, if you brave enough  Cool
full member
Activity: 182
Merit: 111
July 25, 2017, 06:10:30 AM
#19
Also Exchangers position about fall of "soft fork" is not clean.
is it safe to let big sums in exchanger these days?

No it is definitely not safe, because you have ZERO control over the decision where your coins will go during a possible hardfork. On the other hand, if you had control over your private keys, then you would be the one making these decisions. I suggest that people move their coins out of exchanges for about 2 days prior to the event and also for about a week afterwards.

Also avoid making large transactions during these days. < wait for more confirmations too >
If you have many Bitcoins in wallet every you transaction is big.
Transaction look like
https://blockchain.info/ja/tx/82b3a32652541e0a18be1ee6412a0bd96a5d75407eec1a9008dd4063aab7793c
you send all you Bitcoins, some part to yourself, some to receiver.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
July 25, 2017, 12:30:32 AM
#18
Also Exchangers position about fall of "soft fork" is not clean.
is it safe to let big sums in exchanger these days?

No it is definitely not safe, because you have ZERO control over the decision where your coins will go during a possible hardfork. On the other hand, if you had control over your private keys, then you would be the one making these decisions. I suggest that people move their coins out of exchanges for about 2 days prior to the event and also for about a week afterwards.

Also avoid making large transactions during these days. < wait for more confirmations too >
full member
Activity: 182
Merit: 111
July 24, 2017, 11:47:03 PM
#17
Bitcoin Cash just announced that they will go ahead with the fork as scheduled on August 1. As to how things can be and would be, well, those things remain to be seen so we can only watch and be prepared for any untoward incident to happen with Bitcoin. However, I do believe that after all the dust is settled, we can still have a Bitcoin that is much stronger than before whether there will a split or no split. Maybe we should start now looking at a split as not something really bad after all as there are group of people who may want to see a split as being an advantage...so let it be.
All this forks very untrustable, i will never give em my private keys. SEGWIT the same.
hero member
Activity: 490
Merit: 501
July 24, 2017, 11:38:45 PM
#16
Bitcoin Cash just announced that they will go ahead with the fork as scheduled on August 1. As to how things can be and would be, well, those things remain to be seen so we can only watch and be prepared for any untoward incident to happen with Bitcoin. However, I do believe that after all the dust is settled, we can still have a Bitcoin that is much stronger than before whether there will a split or no split. Maybe we should start now looking at a split as not something really bad after all as there are group of people who may want to see a split as being an advantage...so let it be.
full member
Activity: 182
Merit: 111
July 24, 2017, 11:16:24 PM
#15

So like everyone has ever said, get your bitcoins out of exchanges!! Don't let them decide what's best for your money.

This thread:  Roll Eyes
Yes, smart decision.
legendary
Activity: 966
Merit: 1042
July 24, 2017, 09:32:04 PM
#14

Also Exchangers position about fall of "soft fork" is not clean.

3-4 months ago, poloniex had explained that they were ready for hard fork and they will also issue the splitted bitcoin one. But this time, they're very silent and we don't know what will happen to our bitcoins.

Check this:

https://poloniex.com/press-releases/2017.07.24-Our-plans-to-handle-potential-BTC-network-disruptions/

I think that Poloniex has gone back on its word. This is what they are saying now:

Quote
Even if two viable blockchains emerge, we may or may not support both and will make such a decision only after we are satisfied that we can safely support either blockchain in an enterprise environment.

So like everyone has ever said, get your bitcoins out of exchanges!! Don't let them decide what's best for your money.

This thread:  Roll Eyes
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
July 24, 2017, 09:25:02 PM
#13

Also Exchangers position about fall of "soft fork" is not clean.

3-4 months ago, poloniex had explained that they were ready for hard fork and they will also issue the splitted bitcoin one. But this time, they're very silent and we don't know what will happen to our bitcoins.

Check this:

https://poloniex.com/press-releases/2017.07.24-Our-plans-to-handle-potential-BTC-network-disruptions/

I think that Poloniex has gone back on its word. This is what they are saying now:

Quote
Even if two viable blockchains emerge, we may or may not support both and will make such a decision only after we are satisfied that we can safely support either blockchain in an enterprise environment.
full member
Activity: 182
Merit: 111
July 24, 2017, 08:49:08 PM
#12
This feels like it'll be a damn cluster fuck.
Yes, it will. Do not trust to anyone, not update wallet, just wait.
full member
Activity: 182
Merit: 111
July 24, 2017, 08:38:28 PM
#11
I really like the picture. It is right. You really can't beat the original. Bitcoin classic is the original coin there is. And regarding on the information you have given us. Thanks to that we don't need to search about this topic again. Instead to refer in this thread.
Do you like the ethereum classic? What do you mean the bitcoin classic is the original coin by the way. Didn't you understand what will be happening with the bitcoin in the future? The split will be happening and the Bitcoin classic will be appearing in the future. Do you think that the sound looks good for you?  Roll Eyes Are you kidding me?
Dont mix this https://bitcoinclassic.com/ scam (and posibly maked to stole you keys and all bitcoins)
and BITCOIN-CORE OF 2014 https://github.com/bitcoin/bitcoin/releases/tag/v0.9.1
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
July 24, 2017, 05:49:27 PM
#10
I really like the picture. It is right. You really can't beat the original. Bitcoin classic is the original coin there is. And regarding on the information you have given us. Thanks to that we don't need to search about this topic again. Instead to refer in this thread.
Do you like the ethereum classic? What do you mean the bitcoin classic is the original coin by the way. Didn't you understand what will be happening with the bitcoin in the future? The split will be happening and the Bitcoin classic will be appearing in the future. Do you think that the sound looks good for you?  Roll Eyes Are you kidding me?
full member
Activity: 182
Merit: 111
July 24, 2017, 04:38:53 PM
#9


Get them to an address which you control its private keys. Write your private keys down to an excel file, memorize them, make a necklace, or do whatever. Just make sure that your btc address don't have a connection to the internet. Stay offline with your private keys and you'll be fine.

*that pic is pure bullcrap btw*
Yes, and wait till all forks will finish (15 days minimum)
Then install only trustable wallets of forks and spend your coins separately.
The only well tested and trustable wallet now is BITCOIN-CORE OF 2014 https://github.com/bitcoin/bitcoin/releases/tag/v0.9.1 or older
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