Author

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

jr. member
Activity: 71
Merit: 3
February 14, 2024, 01:02:27 PM
#88
Original Bitcoin Classic developer abandoned project, coin was taken over by investors community, I contacted exchange to reactivate coin, they ask for a secret word, who have developer contacts please
full member
Activity: 560
Merit: 111
August 13, 2017, 07:41:34 PM
#87
Now all miners signaling segwit acceptance, because no any profit not to do this.
But when come time to fork BITCOIN of 2014 (CLASSIC) from BITCOIN SEGWIT "soft fork" this will be changed.
full member
Activity: 182
Merit: 111
August 01, 2017, 03:08:27 AM
#86
Since Bitcoin Cash is a large block hard fork, does this mean that Bitcoin Classic (current protocol with no changes as discussed in this thread) will be a third chain actively supported on August 1?
Yes
hero member
Activity: 980
Merit: 523
July 30, 2017, 12:42:55 PM
#85
The world will not die with a bang, but with a whisper. I believe that this soft Fork while it solved many problems, basically since people up for hard Forks in the future. Basically, you get people past the first soft Fork, build up a lot of fear, and then show them there was nothing to be afraid of. Then, after a little more time is past. You start issuing a few more soft Fork here and there.
It is right that nothing happening with the world to destroy completely and may be the expected fork solved many problems in future for a smooth run of bitcoin in the market. We should have to keep hope for better of the future. Why we consider that the fork will be hard, may be it is soft. For the time being sorrow may not cause for complete disappointment.
sr. member
Activity: 686
Merit: 277
July 29, 2017, 04:12:00 PM
#84
The world will not die with a bang, but with a whisper. I believe that this soft Fork while it solved many problems, basically since people up for hard Forks in the future. Basically, you get people past the first soft Fork, build up a lot of fear, and then show them there was nothing to be afraid of. Then, after a little more time is past. You start issuing a few more soft Fork here and there.
Problem is: no reason to trust bitcoin-core developers.

yeah, let's trust some random guy that can't even speak english that spams forum with nonsense instead
Yes exactly we are watching these people in the forum in daily base they should need to contact to writers that they will write a posts for them. That they will run this forum if they are do not know about English but instead saying you should need to say that in positive words that he might not get hurt by this because he also want to work in bitcoin but it is not his fault suggest him some site where he can learn.
legendary
Activity: 3472
Merit: 4801
July 29, 2017, 03:54:13 PM
#83
Wait if I understood this correctly assuming the current futures price of BCC is correct they will get around 10% of bitcoins mining power, that means I will have to wait over 1-2 hours per confirmation? That makes it even less attractive a choice...

I haven't looked at BCC code yet, so I'm not ceratin, but I'm guessing that they altered the difficulty calculation so that mining will initially be easier.
member
Activity: 105
Merit: 10
July 29, 2017, 02:30:15 PM
#82
- snip -
Need to generate 1 block at the and of 15 days period and it will cause 4x difficulty  drop.
- snip -

Not true.

Difficulty adjusts after 2016 blocks.  NOT after 15 days.

If blocks happen at near NORMAL speed (average 1 block every nearly 10 minutes) then difficulty adjusts after approximately 14 days:
2016 blocks * 10 minutes = 20160 minutes = 336 hours = 14 days

If there is not enough hash power and therefore blocks take longer, then difficulty takes longer to adjust.

2016 blocks * average 40 minutes per block = 80640 minutes = 1344 hours = 56 days until difficulty adjusts 4X

See code here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/pow.cpp#L19

Specifies params.DifficultyAdjustmentInterval:
Code:
// Only change once per difficulty adjustment interval
    if ((pindexLast->nHeight+1) % params.DifficultyAdjustmentInterval() != 0)
{
    ...

params.DifficultyAdjustmentInterval calculated here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/consensus/params.h#L63
Code:
int64_t DifficultyAdjustmentInterval() const { return nPowTargetTimespan / nPowTargetSpacing; }

nPowTargetTimespan is set here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/chainparams.cpp#L79
Code:
consensus.nPowTargetTimespan = 14 * 24 * 60 * 60;
Note: 14*24*60*60 = 1209600

nPowTargetSpacing is set here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/chainparams.cpp#L80
Code:
consensus.nPowTargetSpacing = 10 * 60;
Note: 10 * 60 = 600

So, DifficultyAdjustmentInterval = 1209600 / 600 = 2016

So, adjustment happens when:
(pindexLast->nHeight+1) === 2016

In other words...

Only once every 2016 blocks.



What I could say on this overwhelmingly mathematical information that bursts into my  small head. This are really amazing.

I am just the other guy who gladly receiving great information.

As understanding on the suggestion above. I have to pull out my bitcoin from online and put it to my desktop wallet. To make it safe.

Now if you're smart you'll keep it off of exchanges for the rest of your life... or you'll be one of these dumbos that shows up only when their bitcoins get hacked off of each exchange they use. Buy your bitcoins then transfer them to yourself. Don't ever trust an exchange.

Wait if I understood this correctly assuming the current futures price of BCC is correct they will get around 10% of bitcoins mining power, that means I will have to wait over 1-2 hours per confirmation? That makes it even less attractive a choice...
legendary
Activity: 966
Merit: 1042
July 29, 2017, 02:19:39 PM
#81
- snip -
Need to generate 1 block at the and of 15 days period and it will cause 4x difficulty  drop.
- snip -

Not true.

Difficulty adjusts after 2016 blocks.  NOT after 15 days.

If blocks happen at near NORMAL speed (average 1 block every nearly 10 minutes) then difficulty adjusts after approximately 14 days:
2016 blocks * 10 minutes = 20160 minutes = 336 hours = 14 days

If there is not enough hash power and therefore blocks take longer, then difficulty takes longer to adjust.

2016 blocks * average 40 minutes per block = 80640 minutes = 1344 hours = 56 days until difficulty adjusts 4X

See code here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/pow.cpp#L19

Specifies params.DifficultyAdjustmentInterval:
Code:
// Only change once per difficulty adjustment interval
    if ((pindexLast->nHeight+1) % params.DifficultyAdjustmentInterval() != 0)
{
    ...

params.DifficultyAdjustmentInterval calculated here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/consensus/params.h#L63
Code:
int64_t DifficultyAdjustmentInterval() const { return nPowTargetTimespan / nPowTargetSpacing; }

nPowTargetTimespan is set here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/chainparams.cpp#L79
Code:
consensus.nPowTargetTimespan = 14 * 24 * 60 * 60;
Note: 14*24*60*60 = 1209600

nPowTargetSpacing is set here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/chainparams.cpp#L80
Code:
consensus.nPowTargetSpacing = 10 * 60;
Note: 10 * 60 = 600

So, DifficultyAdjustmentInterval = 1209600 / 600 = 2016

So, adjustment happens when:
(pindexLast->nHeight+1) === 2016

In other words...

Only once every 2016 blocks.



What I could say on this overwhelmingly mathematical information that bursts into my  small head. This are really amazing.

I am just the other guy who gladly receiving great information.

As understanding on the suggestion above. I have to pull out my bitcoin from online and put it to my desktop wallet. To make it safe.

Now if you're smart you'll keep it off of exchanges for the rest of your life... or you'll be one of these dumbos that shows up only when their bitcoins get hacked off of each exchange they use. Buy your bitcoins then transfer them to yourself. Don't ever trust an exchange.
newbie
Activity: 15
Merit: 0
July 29, 2017, 02:17:44 PM
#80
Since Bitcoin Cash is a large block hard fork, does this mean that Bitcoin Classic (current protocol with no changes as discussed in this thread) will be a third chain actively supported on August 1?
full member
Activity: 182
Merit: 111
July 29, 2017, 01:34:36 PM
#79


What I could say on this overwhelmingly mathematical information that bursts into my  small head. This are really amazing.

I am just the other guy who gladly receiving great information.

As understanding on the suggestion above. I have to pull out my bitcoin from online and put it to my desktop wallet. To make it safe.
Keep it till all forks will done. Then sell separately.
member
Activity: 61
Merit: 10
July 28, 2017, 06:43:58 PM
#78
- snip -
Need to generate 1 block at the and of 15 days period and it will cause 4x difficulty  drop.
- snip -

Not true.

Difficulty adjusts after 2016 blocks.  NOT after 15 days.

If blocks happen at near NORMAL speed (average 1 block every nearly 10 minutes) then difficulty adjusts after approximately 14 days:
2016 blocks * 10 minutes = 20160 minutes = 336 hours = 14 days

If there is not enough hash power and therefore blocks take longer, then difficulty takes longer to adjust.

2016 blocks * average 40 minutes per block = 80640 minutes = 1344 hours = 56 days until difficulty adjusts 4X

See code here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/pow.cpp#L19

Specifies params.DifficultyAdjustmentInterval:
Code:
// Only change once per difficulty adjustment interval
    if ((pindexLast->nHeight+1) % params.DifficultyAdjustmentInterval() != 0)
{
    ...

params.DifficultyAdjustmentInterval calculated here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/consensus/params.h#L63
Code:
int64_t DifficultyAdjustmentInterval() const { return nPowTargetTimespan / nPowTargetSpacing; }

nPowTargetTimespan is set here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/chainparams.cpp#L79
Code:
consensus.nPowTargetTimespan = 14 * 24 * 60 * 60;
Note: 14*24*60*60 = 1209600

nPowTargetSpacing is set here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/chainparams.cpp#L80
Code:
consensus.nPowTargetSpacing = 10 * 60;
Note: 10 * 60 = 600

So, DifficultyAdjustmentInterval = 1209600 / 600 = 2016

So, adjustment happens when:
(pindexLast->nHeight+1) === 2016

In other words...

Only once every 2016 blocks.



What I could say on this overwhelmingly mathematical information that bursts into my  small head. This are really amazing.

I am just the other guy who gladly receiving great information.

As understanding on the suggestion above. I have to pull out my bitcoin from online and put it to my desktop wallet. To make it safe.
full member
Activity: 182
Merit: 111
July 28, 2017, 05:57:23 PM
#77
will reject segwit blocks.

In block N have segwit transaction from A->B .
In block N+1 have normal transaction from B->C .
Block N+1 rejected by BITCOIN of 2014 (CLASSIC) because B have zero balance.
Wouldn't that then make SegWit a hard fork if clients do not accept it? Are you referring to miners or regular wallet users in this example?
Just send RAW not segwit transaction in block N+1 from B->C.
New segwit software (of miners) will accept it, BITCOIN of 2014 (CLASSIC) will reject.
It can do anyone who own BTC to pay transactions fee.

Not true.

xbiv2 is wrong.  He does not understand how bitcoin works and he does not understand how segwit works.

If block N has segwit transaction from A->B, and there are no non-segwit unspent transaction outputs to B, then it will be impossible to create "normal" transaction from B->C.  Transaction MUST satisfy segwit script requirements to spend segwit output.

If block N+1 has valid transaction for segwit, then it will ALSO be valid for 0.14.1



Even if I am wrong,  non-segwit miners can create 0.14.1 blocks, so "CLIENTS EARLIER VERSION 0.14.1 WILL NOT START REJECTING NEW BLOCKS"



If I'm wrong about 0.14.1 accepting segwit blocks (I'm not), and if there are no non-segwit miners creating 0.14.1 blocks, then difficulty will be VERY high, and it will take a VERY long time (many months? many years?) for you to create a 0.14.1 block.
xbiv2 is right.
About difficulty you must read this tread, all not so bad like you imagine.
legendary
Activity: 3472
Merit: 4801
July 28, 2017, 01:59:09 PM
#76
will reject segwit blocks.

In block N have segwit transaction from A->B .
In block N+1 have normal transaction from B->C .
Block N+1 rejected by BITCOIN of 2014 (CLASSIC) because B have zero balance.
Wouldn't that then make SegWit a hard fork if clients do not accept it? Are you referring to miners or regular wallet users in this example?
Just send RAW not segwit transaction in block N+1 from B->C.
New segwit software (of miners) will accept it, BITCOIN of 2014 (CLASSIC) will reject.
It can do anyone who own BTC to pay transactions fee.

Not true.

xbiv2 is wrong.  He does not understand how bitcoin works and he does not understand how segwit works.

If block N has segwit transaction from A->B, and there are no non-segwit unspent transaction outputs to B, then it will be impossible to create "normal" transaction from B->C.  Transaction MUST satisfy segwit script requirements to spend segwit output.

If block N+1 has valid transaction for segwit, then it will ALSO be valid for 0.14.1



Even if I am wrong,  non-segwit miners can create 0.14.1 blocks, so "CLIENTS EARLIER VERSION 0.14.1 WILL NOT START REJECTING NEW BLOCKS"



If I'm wrong about 0.14.1 accepting segwit blocks (I'm not), and if there are no non-segwit miners creating 0.14.1 blocks, then difficulty will be VERY high, and it will take a VERY long time (many months? many years?) for you to create a 0.14.1 block.
full member
Activity: 182
Merit: 111
July 28, 2017, 12:31:56 PM
#75
Quote
AS SOON AS THE SEGWIT IS ACTIVATED, I WILL MAKE A HARD FORK, AS IT IS SAID HERE:
https://bitcointalksearch.org/topic/segwit-it-fail-try-to-prevent-bitcoin-classic-of-2014-existince-2018878
AFTER THIS BITCOIN CORE CLIENTS EARLIER VERSION 0.14.1 WILL START REJECTING NEW BLOCKS.


0.14.1 will not not reject segwit blocks.

If 0.14.1 does reject segwit blocks, then some miners can create 0.14.1 blocks, so blocks will still happen and difficulty will adjust after 2016 blocks.

If miners do not create 0.14.1 blocks, then difficulty will be VERY high, and it will take a VERY long time (many months? many years?) for you to create a 0.14.1 block.

will reject segwit blocks.

In block N have segwit transaction from A->B .
In block N+1 have normal transaction from B->C .
Block N+1 rejected by BITCOIN of 2014 (CLASSIC) because B have zero balance.
Wouldn't that then make SegWit a hard fork if clients do not accept it? Are you referring to miners or regular wallet users in this example?
Just send RAW not segwit transaction in block N+1 from B->C.
New segwit software (of miners) will accept it, BITCOIN of 2014 (CLASSIC) will reject.
It can do anyone who own BTC to pay transactions fee.
legendary
Activity: 3472
Merit: 4801
July 28, 2017, 11:45:06 AM
#74
Quote
AS SOON AS THE SEGWIT IS ACTIVATED, I WILL MAKE A HARD FORK, AS IT IS SAID HERE:
https://bitcointalksearch.org/topic/segwit-it-fail-try-to-prevent-bitcoin-classic-of-2014-existince-2018878
AFTER THIS BITCOIN CORE CLIENTS EARLIER VERSION 0.14.1 WILL START REJECTING NEW BLOCKS.


0.14.1 will not not reject segwit blocks.

If 0.14.1 does reject segwit blocks, then some miners can create 0.14.1 blocks, so blocks will still happen and difficulty will adjust after 2016 blocks.

If miners do not create 0.14.1 blocks, then difficulty will be VERY high, and it will take a VERY long time (many months? many years?) for you to create a 0.14.1 block.
full member
Activity: 182
Merit: 111
July 28, 2017, 11:41:16 AM
#73
Period = 2016 blocks.

If it is 56 days from first block of period to new period, then period is 56 days.

14 * 3 = 42 days

56 day period - 42 days after last block = 14 days to last block.

So, full period of 2016 blocks in 14 days?

If there is 42 days from last block to difficulty retarget, what happens during those 42 days?  No blocks?  Why no blocks? How will you stop miners from creating blocks? Why will you stop miners from creating blocks?
Do read 1st post

Read first post.

It does not answer the questions.

Quote
AS SOON AS THE SEGWIT IS ACTIVATED, I WILL MAKE A HARD FORK, AS IT IS SAID HERE:
https://bitcointalksearch.org/topic/segwit-it-fail-try-to-prevent-bitcoin-classic-of-2014-existince-2018878
AFTER THIS BITCOIN CORE CLIENTS EARLIER VERSION 0.14.1 WILL START REJECTING NEW BLOCKS.
legendary
Activity: 3472
Merit: 4801
July 28, 2017, 11:34:14 AM
#72
Period = 2016 blocks.

If it is 56 days from first block of period to new period, then period is 56 days.

14 * 3 = 42 days

56 day period - 42 days after last block = 14 days to last block.

So, full period of 2016 blocks in 14 days?

If there is 42 days from last block to difficulty retarget, what happens during those 42 days?  No blocks?  Why no blocks? How will you stop miners from creating blocks? Why will you stop miners from creating blocks?
Do read 1st post

Read first post.

It does not answer the questions.
full member
Activity: 182
Merit: 111
July 28, 2017, 11:25:15 AM
#71

Period = 2016 blocks.

If it is 56 days from first block of period to new period, then period is 56 days.

14 * 3 = 42 days

56 day period - 42 days after last block = 14 days to last block.

So, full period of 2016 blocks in 14 days?

If there is 42 days from last block to difficulty retarget, what happens during those 42 days?  No blocks?  Why no blocks? How will you stop miners from creating blocks? Why will you stop miners from creating blocks?




Do read 1st post
legendary
Activity: 3472
Merit: 4801
July 28, 2017, 11:20:47 AM
#70
D1=blocks/days
D2=blocks/(days+days*3)
D2=D1/4


result is 4X difficulty fall at 56 or more days.
56 days from 1st block of period.
and 14*3 days from last block of period to new

Period = 2016 blocks.

If it is 56 days from first block of period to new period, then period is 56 days.

14 * 3 = 42 days

56 day period - 42 days after last block = 14 days to last block.

So, full period of 2016 blocks in 14 days?

If there is 42 days from last block to difficulty retarget, what happens during those 42 days?  No blocks?  Why no blocks? How will you stop miners from creating blocks? Why will you stop miners from creating blocks?



full member
Activity: 182
Merit: 111
July 28, 2017, 10:59:38 AM
#69
D1=blocks/days
D2=blocks/(days+days*3)
D2=D1/4


result is 4X difficulty fall at 56 or more days.
56 days from 1st block of period.
and 14*3 days from last block of period to new
legendary
Activity: 3472
Merit: 4801
July 28, 2017, 10:29:47 AM
#68
D1=blocks/days
D2=blocks/(days+days*3)
D2=D1/4

Maximum possible is handled here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/pow.cpp#L58
Code:
if (nActualTimespan > params.nPowTargetTimespan*4)
nActualTimespan = params.nPowTargetTimespan*4;

Since target timesapan is 14 days, if actual timespan is greater than:
14 days * 4 = 56 days

Then actual timespan is adjusted and set equal to
14 days * 4 = 56 days


Difficulty retarget is then calculated here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/pow.cpp#L65
Code:
bnNew.SetCompact(pindexLast->nBits);
bnNew *= nActualTimespan;
bnNew /= params.nPowTargetTimespan;

So...

Start with existing difficulty X
Code:
X

Multiply by actual timespan (maximum 56 days)
Code:
56 * X = 56X

divide by target timespan (14 days)
Code:
56X / 14 = 4X

result is 4X difficulty fall at 56 or more days.
full member
Activity: 182
Merit: 111
July 28, 2017, 09:01:42 AM
#67
- snip -
optimal is 15*3 = 45 days, for 4x difficulty fall (maximum posible for 1 period).

Check the math in case I'm wrong, but I think 45 days is only 3.2x difficulty fall.

If you want 4x difficulty fall, I think you need 14*4 = 56 days.


D1=blocks/days
D2=blocks/(days+days*3)
D2=D1/4
legendary
Activity: 3472
Merit: 4801
July 28, 2017, 07:49:34 AM
#66
- snip -
optimal is 15*3 = 45 days, for 4x difficulty fall (maximum posible for 1 period).

Check the math in case I'm wrong, but I think 45 days is only 3.2x difficulty fall.

If you want 4x difficulty fall, I think you need 14*4 = 56 days.
full member
Activity: 182
Merit: 111
July 28, 2017, 07:40:06 AM
#65
then (after 15 days) generate 1 block.

Maybe more than 15 days.

Maybe 28 days.  Maybe more than 56 days.
optimal is 15*3 = 45 days, for 4x difficulty fall (maximum posible for 1 period).
member
Activity: 107
Merit: 10
I've got amazing powers of observation
July 28, 2017, 06:10:08 AM
#64
I have created a poll to see how the community views the fork and the future of bitcoin. Please answer the poll so we can have a statistically significant number of responses.

https://bitcointalk.org/index.php?topic=2048167.0;all

I am trying to be fair on that poll and included as many answers as I could think of. I will keep the poll open until a couple of hours before the Aug 1st fork. Let's see if the wisdom of the forum is indicative of how it will turn out.

Thank you for participating.
legendary
Activity: 1120
Merit: 1000
July 27, 2017, 06:47:32 PM
#63

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.
Bittrex also has just announced their statement regarding the hard fork.

Quote
If you have a Bitcoin (BTC) balance on Bittrex 24 during the BCC UAHF time on August 1st, 5:20am (12:20pm UTC), you will be credited the equivalent amount of Bitcoin Cash (BCC) on a 1:1 basis. i.e. 1 BTC on Bittrex held during the on-exchange snapshot will get you 1 BCC.

Here's the link : https://support.bittrex.com/hc/en-us/articles/115000808991

I personally control my private key, i have some on poloniex and bittrex but only small amount, it's not big deal if something bad happens with my coin.
legendary
Activity: 3472
Merit: 4801
July 27, 2017, 06:33:38 PM
#62
then (after 15 days) generate 1 block.

Maybe more than 15 days.

Maybe 28 days.  Maybe more than 56 days.
full member
Activity: 182
Merit: 111
July 27, 2017, 05:48:18 PM
#61
Need to make blockchain split just before Difficulty adjusts, then (after 15 days) generate 1 block.

How many blocks during those 15 days?

If blockchain splits then there will be less hash power.

If there is less hash power, then blocks will be slower.

If blocks are slower, then it takes more than 15 days for difficulty adjustment.
https://bitcoinwisdom.com/bitcoin/difficulty
split will happen 99.99% , people want trustable software and miners want money and will do it.
legendary
Activity: 3472
Merit: 4801
July 27, 2017, 05:43:06 PM
#60
Need to make blockchain split just before Difficulty adjusts, then (after 15 days) generate 1 block.

How many blocks during those 15 days?

If blockchain splits then there will be less hash power.

If there is less hash power, then blocks will be slower.

If blocks are slower, then it takes more than 15 days for difficulty adjustment.
full member
Activity: 182
Merit: 111
July 27, 2017, 04:22:25 PM
#59
- snip -
Need to generate 1 block at the and of 15 days period and it will cause 4x difficulty  drop.
- snip -

Not true.

Difficulty adjusts after 2016 blocks.  NOT after 15 days.

If blocks happen at near NORMAL speed (average 1 block every nearly 10 minutes) then difficulty adjusts after approximately 14 days:
2016 blocks * 10 minutes = 20160 minutes = 336 hours = 14 days

If there is not enough hash power and therefore blocks take longer, then difficulty takes longer to adjust.

2016 blocks * average 40 minutes per block = 80640 minutes = 1344 hours = 56 days until difficulty adjusts 4X

See code here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/pow.cpp#L19

Specifies params.DifficultyAdjustmentInterval:
Code:
// Only change once per difficulty adjustment interval
    if ((pindexLast->nHeight+1) % params.DifficultyAdjustmentInterval() != 0)
{
    ...

params.DifficultyAdjustmentInterval calculated here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/consensus/params.h#L63
Code:
int64_t DifficultyAdjustmentInterval() const { return nPowTargetTimespan / nPowTargetSpacing; }

nPowTargetTimespan is set here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/chainparams.cpp#L79
Code:
consensus.nPowTargetTimespan = 14 * 24 * 60 * 60;
Note: 14*24*60*60 = 1209600

nPowTargetSpacing is set here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/chainparams.cpp#L80
Code:
consensus.nPowTargetSpacing = 10 * 60;
Note: 10 * 60 = 600

So, DifficultyAdjustmentInterval = 1209600 / 600 = 2016

So, adjustment happens when:
(pindexLast->nHeight+1) === 2016

In other words...

Only once every 2016 blocks.

Need to make blockchain split just before Difficulty adjusts, then (after 15 days) generate 1 block.
legendary
Activity: 3472
Merit: 4801
July 27, 2017, 04:09:57 PM
#58
- snip -
Need to generate 1 block at the and of 15 days period and it will cause 4x difficulty  drop.
- snip -

Not true.

Difficulty adjusts after 2016 blocks.  NOT after 15 days.

If blocks happen at near NORMAL speed (average 1 block every nearly 10 minutes) then difficulty adjusts after approximately 14 days:
2016 blocks * 10 minutes = 20160 minutes = 336 hours = 14 days

If there is not enough hash power and therefore blocks take longer, then difficulty takes longer to adjust.

2016 blocks * average 40 minutes per block = 80640 minutes = 1344 hours = 56 days until difficulty adjusts 4X

See code here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/pow.cpp#L19

Specifies params.DifficultyAdjustmentInterval:
Code:
// Only change once per difficulty adjustment interval
    if ((pindexLast->nHeight+1) % params.DifficultyAdjustmentInterval() != 0)
{
    ...

params.DifficultyAdjustmentInterval calculated here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/consensus/params.h#L63
Code:
int64_t DifficultyAdjustmentInterval() const { return nPowTargetTimespan / nPowTargetSpacing; }

nPowTargetTimespan is set here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/chainparams.cpp#L79
Code:
consensus.nPowTargetTimespan = 14 * 24 * 60 * 60;
Note: 14*24*60*60 = 1209600

nPowTargetSpacing is set here:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/chainparams.cpp#L80
Code:
consensus.nPowTargetSpacing = 10 * 60;
Note: 10 * 60 = 600

So, DifficultyAdjustmentInterval = 1209600 / 600 = 2016

So, adjustment happens when:
(pindexLast->nHeight+1) === 2016

In other words...

Only once every 2016 blocks.
full member
Activity: 182
Merit: 111
July 27, 2017, 03:39:47 PM
#57
This feels like it'll be a damn cluster fuck.

To be completely honest, it feels like there is more cluster FING going around by trolls and or paid trolls. Ithink once the update happens there really won't be almost any drama.

we are in the middle of pre-drama and it is worse than what is really gonna happen.
People are not able to correctly assess information. People respond to the tone and keywords like animals.
hero member
Activity: 700
Merit: 500
July 27, 2017, 02:48:57 PM
#56
This feels like it'll be a damn cluster fuck.

To be completely honest, it feels like there is more cluster FING going around by trolls and or paid trolls. Ithink once the update happens there really won't be almost any drama.

we are in the middle of pre-drama and it is worse than what is really gonna happen.
full member
Activity: 182
Merit: 111
July 27, 2017, 02:23:06 PM
#55
fact: core devs have kept bitcoin safe and segwit has made the price skyrocket
How you know?
you are going to need more than that to convince me to run outdated software
Only well tested and trustable software.
full member
Activity: 168
Merit: 100
July 27, 2017, 01:13:10 PM
#54
fact: core devs have kept bitcoin safe and segwit has made the price skyrocket

you suggest going back to some old ass insecure version for no reason other than segwit conspiracy theory paranoia

you are going to need more than that to convince me to run outdated software
full member
Activity: 182
Merit: 111
July 27, 2017, 12:26:59 PM
#53
The world will not die with a bang, but with a whisper. I believe that this soft Fork while it solved many problems, basically since people up for hard Forks in the future. Basically, you get people past the first soft Fork, build up a lot of fear, and then show them there was nothing to be afraid of. Then, after a little more time is past. You start issuing a few more soft Fork here and there.
Problem is: no reason to trust bitcoin-core developers.

yeah, let's trust some retard that can't even speak english that spams forum with nonsense instead
Successful people talk about facts. Unsuccessful people talk about people.
full member
Activity: 168
Merit: 100
July 27, 2017, 12:24:33 PM
#52
The world will not die with a bang, but with a whisper. I believe that this soft Fork while it solved many problems, basically since people up for hard Forks in the future. Basically, you get people past the first soft Fork, build up a lot of fear, and then show them there was nothing to be afraid of. Then, after a little more time is past. You start issuing a few more soft Fork here and there.
Problem is: no reason to trust bitcoin-core developers.

yeah, let's trust some random guy that can't even speak english that spams forum with nonsense instead
full member
Activity: 182
Merit: 111
July 27, 2017, 12:22:08 PM
#51

Problem is: no reason to trust bitcoin-core developers.

once a forking is no big deal

If you have big money it big deal.
legendary
Activity: 1190
Merit: 1024
July 26, 2017, 11:07:23 PM
#50
The world will not die with a bang, but with a whisper. I believe that this soft Fork while it solved many problems, basically since people up for hard Forks in the future. Basically, you get people past the first soft Fork, build up a lot of fear, and then show them there was nothing to be afraid of. Then, after a little more time is past. You start issuing a few more soft Fork here and there.
Problem is: no reason to trust bitcoin-core developers.

You get people desensitized, to code changes, get them to the point where they expect him every few weeks or every few months or whatever, and then once a forking is no big deal, that's when you slam in the hard Fork with the big changes.
full member
Activity: 182
Merit: 111
July 26, 2017, 06:47:51 PM
#49
The world will not die with a bang, but with a whisper. I believe that this soft Fork while it solved many problems, basically since people up for hard Forks in the future. Basically, you get people past the first soft Fork, build up a lot of fear, and then show them there was nothing to be afraid of. Then, after a little more time is past. You start issuing a few more soft Fork here and there.
Problem is: no reason to trust bitcoin-core developers.
hero member
Activity: 966
Merit: 506
July 26, 2017, 11:32:26 AM
#48
The world will not die with a bang, but with a whisper. I believe that this soft Fork while it solved many problems, basically since people up for hard Forks in the future. Basically, you get people past the first soft Fork, build up a lot of fear, and then show them there was nothing to be afraid of. Then, after a little more time is past. You start issuing a few more soft Fork here and there.
full member
Activity: 182
Merit: 111
July 26, 2017, 10:49:45 AM
#47

True. but if it wasn't for "Stuped" investors the price of btc would be very low.. or no existent.  it would be based on the actual practical use of bitcoins which is very low. Might even be just an open source software project where shares are worth 0.

All of the lemmings and bull raving up bitcoins on here are investors or they are just inexperienced.

-The Bulls are raving it up to get the lemmings and sheep to stay in and keep pilling money in.

-The Lemmings are the clueless sheep who believe they are in some ground level secret that will make them rich.

To be honest I am mostly interested in the technology of crypto and the blockchain. I am a tech person absorbing info and trying to find stuff valuable I can offer people with it. Sure I buy on the dips and sell on the peaks and harvest a little money while I am focused on it. Not sure how "Stuped" that is.

All this people will not survive.
newbie
Activity: 42
Merit: 0
July 26, 2017, 10:47:37 AM
#46

I am making some. not millions though, Playing markets is a percentage game you get back what you put in and.. can lose what you put in. I put in what I can afford to lose which is not millions.

There are big players that have millions even billions to play with. These are the people that are making the market swing.
This people make price stabile. Stuped "investors" make it unstable.

True. but if it wasn't for "Stuped" investors the price of btc would be very low.. or no existent.  it would be based on the actual practical use of bitcoins which is very low. Might even be just an open source software project where shares are worth 0.

All of the lemmings and bull raving up bitcoins on here are investors or they are just inexperienced.

-The Bulls are raving it up to get the lemmings and sheep to stay in and keep pilling money in.

-The Lemmings are the clueless sheep who believe they are in some ground level secret that will make them rich.

To be honest I am mostly interested in the technology of crypto and the blockchain. I am a tech person absorbing info and trying to find stuff valuable I can offer people with it. Sure I buy on the dips and sell on the peaks and harvest a little money while I am focused on it. Not sure how "Stuped" that is.
full member
Activity: 182
Merit: 111
July 26, 2017, 10:38:52 AM
#45
Need wait 15 days for difficulty fall:

If hashrate falls, you won't be able to mine the blocks needed to reach next difficulty adjustement (that happens every 2016 blocks).

Here is code, 14 days:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/pow.cpp
Code:
unsigned int GetNextWorkRequired(const CBlockIndex* pindexLast, const CBlockHeader *pblock, const Consensus::Params& params)

Ok, need block for difficulty adjustement, also difficulty can change only on 4x maximum each period.

Need to generate 1 block at the and of 15 days period and it will cause 4x difficulty  drop.
It why no one thying to do it now. It will be made after FORK.
It will be little bit longer but it will happen.
If you will make any transaction with you Bitcoins in this period you will get only Bitcoin SEGWIT and lost all Bitcoin CLASSIC of 2014.
Do not update wallet to SEGWIT versions!
full member
Activity: 182
Merit: 111
July 26, 2017, 10:28:43 AM
#44

I am making some. not millions though, Playing markets is a percentage game you get back what you put in and.. can lose what you put in. I put in what I can afford to lose which is not millions.

There are big players that have millions even billions to play with. These are the people that are making the market swing.
This people make price stabile. Stuped "investors" make it unstable.
newbie
Activity: 42
Merit: 0
July 26, 2017, 10:16:52 AM
#43
Yes people are making millions trading in this kind of environment.
Why you not making?

I am making some. not millions though, Playing markets is a percentage game you get back what you put in and.. can lose what you put in. I put in what I can afford to lose which is not millions.

There are big players that have millions even billions to play with. These are the people that are making the market swing.
full member
Activity: 182
Merit: 111
July 26, 2017, 10:12:21 AM
#42
Need wait 15 days for difficulty fall:

If hashrate falls, you won't be able to mine the blocks needed to reach next difficulty adjustement (that happens every 2016 blocks).

Here is code, 14 days:
https://github.com/bitcoin/bitcoin/blob/1b046603b30ebfab6199a2f92015d507b248b590/src/pow.cpp
Code:
unsigned int GetNextWorkRequired(const CBlockIndex* pindexLast, const CBlockHeader *pblock, const Consensus::Params& params)

Ok, need block for difficulty adjustement, also difficulty can change only on 4x maximum each period.
full member
Activity: 182
Merit: 111
July 26, 2017, 10:08:43 AM
#41


Yes people are making millions trading in this kind of environment.
Why you not making?
newbie
Activity: 42
Merit: 0
July 26, 2017, 09:46:13 AM
#40
webcrypt   Bitcoin is NOT making millions overnight. 
Bitcoin has been around for YEARS and grown bigger and stronger, with more and more payment processes accepting it.
Not so with other currencies.   Stop trying to trash talk with your uninformed BS.

If btc has a market cap of 41,000,000,000 it drops 10% and goes up 10% in 36hrs. That is 4,100,000,000 that vanished and came back. Yes people are making millions trading in this kind of environment. Yes that is millions of dollars, hundreds of millions

It is called “Pump and Dump” people get rich from it.

You are like a noob in their first speculative bubble. Like the guy in love with all of his Bennie Babies.
full member
Activity: 182
Merit: 111
July 26, 2017, 07:25:35 AM
#39
Need wait 15 days for difficulty fall:

If hashrate falls, you won't be able to mine the blocks needed to reach next difficulty adjustement (that happens every 2016 blocks).
15 days. In wiki wrong information.

Code:
unsigned int GetNextWorkRequired(const CBlockIndex* pindexLast, const CBlockHeader *pblock)
{
    unsigned int nProofOfWorkLimit = Params().ProofOfWorkLimit().GetCompact();

    // Genesis block
    if (pindexLast == NULL)
        return nProofOfWorkLimit;

    // Only change once per interval
    if ((pindexLast->nHeight+1) % nInterval != 0)
    {
        if (TestNet())
        {
            // Special difficulty rule for testnet:
            // If the new block's timestamp is more than 2* 10 minutes
            // then allow mining of a min-difficulty block.
            if (pblock->nTime > pindexLast->nTime + nTargetSpacing*2)
                return nProofOfWorkLimit;
            else
            {
                // Return the last non-special-min-difficulty-rules-block
                const CBlockIndex* pindex = pindexLast;
                while (pindex->pprev && pindex->nHeight % nInterval != 0 && pindex->nBits == nProofOfWorkLimit)
                    pindex = pindex->pprev;
                return pindex->nBits;
            }
        }
        return pindexLast->nBits;
    }

    // Go back by what we want to be 14 days worth of blocks
    const CBlockIndex* pindexFirst = pindexLast;
    for (int i = 0; pindexFirst && i < nInterval-1; i++)
        pindexFirst = pindexFirst->pprev;
    assert(pindexFirst);

    // Limit adjustment step
    int64_t nActualTimespan = pindexLast->GetBlockTime() - pindexFirst->GetBlockTime();
    LogPrintf("  nActualTimespan = %d  before bounds\n", nActualTimespan);
    if (nActualTimespan < nTargetTimespan/4)
        nActualTimespan = nTargetTimespan/4;
    if (nActualTimespan > nTargetTimespan*4)
        nActualTimespan = nTargetTimespan*4;

    // Retarget
    CBigNum bnNew;
    bnNew.SetCompact(pindexLast->nBits);
    bnNew *= nActualTimespan;
    bnNew /= nTargetTimespan;

    if (bnNew > Params().ProofOfWorkLimit())
        bnNew = Params().ProofOfWorkLimit();

    /// debug print
    LogPrintf("GetNextWorkRequired RETARGET\n");
    LogPrintf("nTargetTimespan = %d    nActualTimespan = %d\n", nTargetTimespan, nActualTimespan);
    LogPrintf("Before: %08x  %s\n", pindexLast->nBits, CBigNum().SetCompact(pindexLast->nBits).getuint256().ToString());
    LogPrintf("After:  %08x  %s\n", bnNew.GetCompact(), bnNew.getuint256().ToString());

    return bnNew.GetCompact();
}

New download address of the only secure version of 2014:
https://bitcoin.org/bin/insecure/bitcoin-core-0.9.1/
full member
Activity: 346
Merit: 107
July 26, 2017, 05:01:32 AM
#38
Need wait 15 days for difficulty fall:

If hashrate falls, you won't be able to mine the blocks needed to reach next difficulty adjustement (that happens every 2016 blocks).
sr. member
Activity: 434
Merit: 252
July 26, 2017, 04:46:50 AM
#37
Bitcoin has been around for many years and during that time has proved its right to exist. I do not believe that after 1 August we will see the plug. It is not beneficial to all. I hope that after that date we will see a sharp price increase of bitcoin and reduce the cost of transaction which will make it even more attractive.
hero member
Activity: 854
Merit: 500
July 26, 2017, 04:39:37 AM
#36
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.

I've been worried about the changes that are going to happen with bitcoin, and I'm worried that the value of it will drop sharply, however, with what's happening, I can be sure. About bitcoin, it will not have too many changes.
full member
Activity: 182
Merit: 111
July 26, 2017, 04:29:47 AM
#35
ELI5 please.
1) Can I put my btc onto a desktop wallet and receive BCC? If so, which wallet do you recommend? 2) How much BCC/BTC do I receive (i.e. 1 BTC = 1 free BCC)?
Thanks
Keep away from BCC, it untested untrustable software can steal your money.
BITCOIN-CORE OF 2014 https://github.com/bitcoin/bitcoin/releases/tag/v0.9.1 only trustable at this moment.
hero member
Activity: 570
Merit: 504
July 25, 2017, 05:54:09 PM
#34
You only need the Bitcoin Core wallet on your computer.  Then if anyone gives a shit about this other new currency, you can get the wallet for that later at anytime if you have your private keys.

Nobody gives a shit about Koinye, or Litecoin..or other less know alt coins.
Bitpay, overstock, gyft, purse, Lamboghini, McLaren, Richard Branson,,, all accept BITCOIN.. not litecoin.. not etherm and not whatever new bullcrap Fork Fags make.

Only Bitcoin has wide acceptance.
Only Bitcoin has the payment processors accepting it.
Not even Etherum is accepted at coffee shops and car dealers.


webcrypt   Bitcoin is NOT making millions overnight. 
Bitcoin has been around for YEARS and grown bigger and stronger, with more and more payment processes accepting it.
Not so with other currencies.   Stop trying to trash talk with your uninformed BS.
newbie
Activity: 42
Merit: 0
July 25, 2017, 05:04:09 PM
#33
You know how many newbies are going to be burnt and throw fits and claim bitcoin is a scam, get ready for the news outlets to pick up on it and a price drop.

Bitcoin is extremely volatile and people are making millions over night on that. Much of the media outlets are in on it, just like Wall st. Sell just before bad news and buy just before good news. Along with other pump and dump schemes.

Just another speculative market.

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.

Exchanges usually have the most problems and support tickets as people try to turn crypto into cash. My guess is they are flooded with support tickets with everyone wanting to get money out and waiting for the last week, day, min to do it.

I bet all the exchanges are swamped with problems.
newbie
Activity: 1
Merit: 0
July 25, 2017, 04:09:31 PM
#32
ELI5 please.
1) Can I put my btc onto a desktop wallet and receive BCC? If so, which wallet do you recommend? 2) How much BCC/BTC do I receive (i.e. 1 BTC = 1 free BCC)?
Thanks
full member
Activity: 182
Merit: 111
July 25, 2017, 03:52:47 PM
#31
I'm sure even if fork really happens, most investors still choose bitcoin core, because altcoin is still relies on bitcoin core. If indeed Bitcoin unlimited win maybe altcoin will fall apart, it seems altcoin will also experience a price reset.

Because bip91 is already process and successful, it shows most miners are still very support bitcoin core, yes until really limit its supply later.
Bitcoin core SEGWIT or Bitcoin core of 2014?
Possible to get both.
full member
Activity: 378
Merit: 100
July 25, 2017, 11:17:04 AM
#30
Also Exchangers position about fall of "soft fork" is not clean.
is it safe to let big sums in exchanger these days?

It's not really safe, it has a hole, it can become a big hole that kills your money. That is what makes many people wonder when choosing a fork.
sr. member
Activity: 532
Merit: 250
July 25, 2017, 11:12:15 AM
#29
I'm sure even if fork really happens, most investors still choose bitcoin core, because altcoin is still relies on bitcoin core. If indeed Bitcoin unlimited win maybe altcoin will fall apart, it seems altcoin will also experience a price reset.

Because bip91 is already process and successful, it shows most miners are still very support bitcoin core, yes until really limit its supply later.
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.
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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.
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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
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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?
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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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July 24, 2017, 04:35:46 PM
#8

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.
legendary
Activity: 3276
Merit: 2442
July 24, 2017, 04:34:29 PM
#7
Also Exchangers position about fall of "soft fork" is not clean.
is it safe to let big sums in exchanger these days?
Not save
what's the safest method to stock crypto during forks?

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*
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Activity: 182
Merit: 111
July 24, 2017, 04:25:22 PM
#6
Also Exchangers position about fall of "soft fork" is not clean.
is it safe to let big sums in exchanger these days?
Not save
what's the safest method to stock crypto during forks?
BITCOIN-CORE OF 2014 https://github.com/bitcoin/bitcoin/releases/tag/v0.9.1
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Activity: 280
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July 24, 2017, 04:19:59 PM
#5
Also Exchangers position about fall of "soft fork" is not clean.
is it safe to let big sums in exchanger these days?
Not save
what's the safest method to stock crypto during forks?
full member
Activity: 182
Merit: 111
July 24, 2017, 04:13:48 PM
#4
Also Exchangers position about fall of "soft fork" is not clean.
is it safe to let big sums in exchanger these days?
Not save
full member
Activity: 280
Merit: 108
July 24, 2017, 04:13:23 PM
#3
Also Exchangers position about fall of "soft fork" is not clean.
is it safe to let big sums in exchanger these days?
full member
Activity: 182
Merit: 111
July 24, 2017, 03:58:30 PM
#2
Also Exchangers position about fall of "soft fork" is not clean.
full member
Activity: 182
Merit: 111
July 24, 2017, 01:03:15 PM
#1
Here is how the fork will happen.

https://boards.4chan.org/biz/thread/2918288
If you buy BITCOIN after SEGWIT you will not get BITCOIN OF 2014

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