What are our expectations on August 1st?

HCP

legendary

Activity: 2086

Merit: 4361

Quote from: Drnice on July 11, 2017, 04:06:13 PM

Can mycelium be used for it too, cause it has cold storage too.

Simple test to see if your wallet is suitable for holding coins during a fork:

1. Does your wallet provide you with the private keys for all addresses contained in it?

Yes? Wallet is OK.
No? Wallet is not Ok.

In the case of Mycelium, the answer to 1. is "Yes". So as long as you are happy to store your coins in a mobile wallet on your phone then whatever happens on August 1st, you will be fine... regardless of which way the Mycelium app developers decide to go. You can easily export your Master Private Key/Seed and use the BIP39 mnemonic code converter (https://iancoleman.github.io/bip39/) to get all your private keys and use whatever wallet you need/want.

If you have access to the private keys, you are good to go regardless of what happens. You can put your private key(s) into "LeftForkWallet"™ and have access to "LeftForkCoins"™... and/or you can put your private key(s) into "RightForkWallet"™ and have access to "RightForkCoins"™

What you DO NOT want to do is put your coins in any online service like an exchange/gambling site/web wallet etc where you do not have direct control over the private keys and are at the mercy of that service as to which way they want to send to your coins.

Drnice

sr. member

Activity: 588

Merit: 251

Quote from: cr1776 on July 11, 2017, 02:58:52 PM

Quote from: Drnice on July 11, 2017, 01:59:23 PM

Quote from: goinmerry on July 11, 2017, 11:34:17 AM

Quote from: Drnice on July 11, 2017, 11:15:31 AM

I have some questions Embarrassed

and I need your help guys

1. What will happen on August 1st will it be hard fork or soft fork?
2. What will there advantages and disadvantages be?
3. If I don't move my coins for instance from coinbase to blockchain I loss my coin, but what will now happen to coinbase after the segwith, will they also not be able to gain access to Bitcoin again?
???and I need your help guys

1. The happening on August 1 will happened on August 1 itself so your questions is not answerable yet.

2. All things that expected to happen have advantages. The bitcoin price is the main concerned by most of the others.

3. Ask Coinbase or wait for their announcement about their moves. For your safety, pullout all your funds on web exchanges and keep your bitcoin alongside with their private key.

You can help yourself if you have a doubt. There are lots of websites and articles about what should happened on bitcoin after August 1. Take time to research.

Which wallet can I use, cause the only ones I know of are web wallets and that is risky to me. And the ones too that are compactable with Mobile phones could not see any.

Cold storage or a wallet where you control the keys - e.g. Bitcoin Core, electrum etc

Can mycelium be used for it too, cause it has cold storage too.

cr1776

legendary

Activity: 4228

Merit: 1313

Quote from: Drnice on July 11, 2017, 01:59:23 PM

Quote from: goinmerry on July 11, 2017, 11:34:17 AM

Quote from: Drnice on July 11, 2017, 11:15:31 AM

I have some questions Embarrassed

and I need your help guys

1. What will happen on August 1st will it be hard fork or soft fork?
2. What will there advantages and disadvantages be?
3. If I don't move my coins for instance from coinbase to blockchain I loss my coin, but what will now happen to coinbase after the segwith, will they also not be able to gain access to Bitcoin again?
???and I need your help guys

1. The happening on August 1 will happened on August 1 itself so your questions is not answerable yet.

2. All things that expected to happen have advantages. The bitcoin price is the main concerned by most of the others.

3. Ask Coinbase or wait for their announcement about their moves. For your safety, pullout all your funds on web exchanges and keep your bitcoin alongside with their private key.

You can help yourself if you have a doubt. There are lots of websites and articles about what should happened on bitcoin after August 1. Take time to research.

Which wallet can I use, cause the only ones I know of are web wallets and that is risky to me. And the ones too that are compactable with Mobile phones could not see any.

Cold storage or a wallet where you control the keys - e.g. Bitcoin Core, electrum etc

Drnice

sr. member

Activity: 588

Merit: 251

Quote from: goinmerry on July 11, 2017, 11:34:17 AM

Quote from: Drnice on July 11, 2017, 11:15:31 AM

I have some questions Embarrassed

and I need your help guys

1. What will happen on August 1st will it be hard fork or soft fork?
2. What will there advantages and disadvantages be?
3. If I don't move my coins for instance from coinbase to blockchain I loss my coin, but what will now happen to coinbase after the segwith, will they also not be able to gain access to Bitcoin again?
???and I need your help guys

1. The happening on August 1 will happened on August 1 itself so your questions is not answerable yet.

2. All things that expected to happen have advantages. The bitcoin price is the main concerned by most of the others.

3. Ask Coinbase or wait for their announcement about their moves. For your safety, pullout all your funds on web exchanges and keep your bitcoin alongside with their private key.

You can help yourself if you have a doubt. There are lots of websites and articles about what should happened on bitcoin after August 1. Take time to research.

Which wallet can I use, cause the only ones I know of are web wallets and that is risky to me. And the ones too that are compactable with Mobile phones could not see any.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: Drnice on July 11, 2017, 11:15:31 AM

I have some questions Embarrassed

and I need your help guys

1. What will happen on August 1st will it be hard fork or soft fork?
2. What will there advantages and disadvantages be?
3. If I don't move my coins for instance from coinbase to blockchain I loss my coin, but what will now happen to coinbase after the segwith, will they also not be able to gain access to Bitcoin again?
???and I need your help guys

1. The happening on August 1 will happened on August 1 itself so your questions is not answerable yet.

2. All things that expected to happen have advantages. The bitcoin price is the main concerned by most of the others.

3. Ask Coinbase or wait for their announcement about their moves. For your safety, pullout all your funds on web exchanges and keep your bitcoin alongside with their private key.

You can help yourself if you have a doubt. There are lots of websites and articles about what should happened on bitcoin after August 1. Take time to research.

Drnice

sr. member

Activity: 588

Merit: 251

I have some questions Embarrassed

and I need your help guys

1. What will happen on August 1st will it be hard fork or soft fork?
2. What will there advantages and disadvantages be?
3. If I don't move my coins for instance from coinbase to blockchain I loss my coin, but what will now happen to coinbase after the segwith, will they also not be able to gain access to Bitcoin again?
???and I need your help guys

1. What will happen on August 1st will it be hard fork or soft fork?
2. What will there advantages and disadvantages be?
3. If I don

Topic: What are our expectations on August 1st? (Read 694 times)