Topic: No fork detected--> Segwit is now active UASF is active! WE did it! (Read 2609 times)

Not sure what you did considering it is dropping like a mofo, havent seen a red candle like that in quite awhile, 300 in a very short space and dropping, glad i decided to convert to USD

Segwit not yet realy active.
https://bitcointalksearch.org/topic/here-is-how-the-fork-will-happen-2044085

To be fair, this "alt" has a lot to do with the "network upgrade". Hate to say it, but in an objective view, BBC weren't wrong to refer to them as Bitcoin rebels. Plus, they had to make good on their threats or people would take them even less seriously then they already are.

That's harsh but I wish so too. I hate it that there is this Bitcoin impostor so I also support the idea.  And honestly I think it is for the common good, for Bitcoin itself, that BitcoinCash will fail. Surely newbies who want to enter the Bitcoin world would now find it confusing which is which.

I think this is a false alarm at this time because going through website would have solve this false alarm at this time when everyone is skeptical of whatever is about to happen. Lets just that everything will work for the benefit of bitcoin while some set are optimistic about the fork happening, others are of the opinion that it should not happen and OP statement has shown the side he belongs to.

Excellent, we've upgraded without a fork!  Except for the fork... but that doesn't count as a fork because it's a fork, so that fork is now irrelevant as a fork.  So since the only fork is a fork, there are no forks!  Yay!!!

 

I'm pretty sure that's been the case since the start of this difficulty period, because BIP 91 is designed to be a method of activating BIP 141 which is also compatible with BIP 148.  

You can see that even though only 87.5% of the blocks have signalled their intention to support SegWitx2, 100% of blocks in this difficulty period have supported BIP 141, because miners are already rejecting non-SegWit blocks.
UASF has not caused a split.  The split will happen at about midday.

Well of course any mining company can influence the price and hashrate of any coin they want... especially if they run an exchange too (ViaBTC)! But at the end of the day, what will determine the market value of BTC/BCC (or whatever coin) is its UTILITY on the open market. So Core and Lukejr must be shaking in their boots that BCC will be MORE USEFUL because it's not encumbered by blocksize limits and technical debt of Segwit, and thus potentially MORE VALUABLE than BTC.

Economically speaking,, the BTC money supply is essentially doubling, although the BCC tokens will initially be undervalued.  The total market cap for BTC should equal that of BTC+BCC in a few months. This would mean a BTC price drop and BCC price fluctuation.

Obviously in the short term people will be dumping BCC as quickly as they can for either BTC or cash, whichever seems to offer a higher return for minimal effort. My guess would be people initially will be exiting BCC to BTC, since selling BCC for fiat involves Chinese exchanges and Yuan forex markets, etc., except for Chinese people, who are relatively fine with Yuan. I don't see many exchanges offering BCC/BTC other than ViaBTC, but many of the mainstream exchanges will be monetizing BCC when the fork happens.  If exchanges don't offer BCC/BTC monetization, they could essentially steal their users' BCC. Quite a smart move creating that situation on the BCC developers' part.

If and when BCC/alt exchanges start popping up, things will really get interesting!

Important note on the timing of Bitcoin Cash hard fork activation
 
The criterion for activation of the Bitcoin Cash hard fork activation is based on "Median Time Past", or MTP. This means that the chain split will not occur at exactly 12:20 UTC on Aug. 1st, but some time after.
 
MTP is a statistic calculated over 11 blocks, and trails behind wall clock time by about 6 blocks. This means that the last common block will be approximately the 6th block with a timestamp after 12:20pm. The block after that will be different on either chain.
 
Users attempting to split coins, and transact separately on the two networks should be aware of these details in order to properly identify the last common block, and the first post-split block.
 
For specific technical details, please refer to the User Activated Hard Fork specification.

After fork, how long will exchanges take to update our BCC? Does this procedure take hours?

Yes sir, nothing has happened yet. My popcorn is getting stale.

So we are still waiting to determine the actual ramifications of the split?

As far as the information I gathered there will be still a BTC split which is BCC/BCH (Bitcoincash). First there will be update to BTC systems then after few hours there will happen the BCC/BCH.

At the risk of pissing on your parade, UASF was technically obsoleted by the miners activating BIP91 and in turn, shortly BIP141.  The only way UASF can still play a role now is if miners suddenly change their mind and back out at the last second, which I see as being beyond unlikely.  This is categorically in the territory of MASF, not UASF.  

That said, one could certainly argue that the miners wouldn't have activated BIP91 if UASF hadn't put the gun to their heads first, but the sting in the tail is that some of the miners are still looking to support the '2x' part of SegWit2x, which I know not all of you approve of.  Perhaps celebrations now might be premature.  Best to wait 'til November to see for certain.



To be precise, it's ViaBTCCash.  BitmainCoin was only going to launch if UASF had resulted in a split between miners and nodes, but the miners went for SegWit2x and avoided a split (at least until November).  BitcoinCash is a actually a different hardfork to the one Bitmain were proposing, heh.  Bitmain have released a statement on BCC (but them calling it a UAHF is stupid, because this would clearly be miner activated).  They say they're still focused on SegWit2x for the moment.  Although I suspect they'll be keeping a close eye on BCC to see what happens and they don't rule out the possibility of supporting it later.  Contrary to popular belief, the pools aren't a hive-mind and do have different opinions.

well it's true fee are now very low, 18k satoshi 226 byte

Code BIPxx that automatically limit blocks from miner to X blocks per day. The list should be decentralized.

We knew this could happen, you knew right? because it's in the core of open source software, we might look at it as a currency but it's still a software, now it's a good time for those non miners to start mining bitcoin, since hashrate will drop but difficulty remains the same but not for a long time, actually I'd say lets not start mining until the difficulty drops by at least 30% and then start your miners to benefit from a low difficulty level for 2 weeks

I hope there's no really split will happen and bitcoin remain as itself.
No bcc will circulate in the market, like I dont really like the idea of it.
And yeah the day has not yet end so better watch as many more news will be release.

Bitmain might shift their mining resources to BCC and start buying BCC and selling BTC to cover their monthly expenses. Pushing BCC up and BTC down on purpose. Then I think we could have the Double Moon scenario  

Never trust a sleazy miner  


BCC and BTC are separate entities. BTC + BCC doesn't automatically equal current BTC price halved after the fork.
What the price of BTC will be after the fork is a gamble.