Topic: Whats next after BIP 91? (Read 958 times)

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

Those are saying another wave for the bitcoin will come in september, i mean BIP148 and the possibility of the split for bitcoin in the future. A lot of people have discussed that at this time.
I think there is a possibility while we see another fork will come in the future.

pearlmen

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Quote from: skyline247 on July 25, 2017, 12:29:23 AM

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

I will say no one is sire of what will happen next even the fork is not certain to happen although all body language are suggesting to that direction not to talk of what will happen after. I am sure that whatever will happen, its not going to be just one person that will be affected and the administrators of the forum as well as those who are in the know on how things work will guide everyone else accordingly.

Serco

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After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.

Why dont they just implement the hard fork already so that they wont be fear among investors again in November, August 1 has already caused enough problem among investors which drove the currency way down last weekend.

  There was a hard fork already back in 2010, and look where we are now. I don't see any reason why we shouldn't do the same as we did then.
  BIP 91 is an extremely short-term solution. Increasing the block size only helps for so long, but eventually it will need to happen again, and again, etc.
  In any case, the price has risen back up now and seems to be stabilizing around $2,600. We might even see a real breakthrough of $3,000 as the previous one was too short-lived to really count. Not to mention it only crossed 3k on some exchanges, not all (like BTC-e).

So this has happened in 2010 then? and now it's happening again in the present time,do you mean? I did not know about this in previous year and this is so first year i know about hardfork and such,because i still new to know bitcoin. curious about the continuation after 1st August

skyline247

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Quote from: CyberKuro on July 24, 2017, 01:47:45 PM

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.

Why dont they just implement the hard fork already so that they wont be fear among investors again in November, August 1 has already caused enough problem among investors which drove the currency way down last weekend.

There was a hard fork already back in 2010, and look where we are now. I don't see any reason why we shouldn't do the same as we did then.
BIP 91 is an extremely short-term solution. Increasing the block size only helps for so long, but eventually it will need to happen again, and again, etc.
In any case, the price has risen back up now and seems to be stabilizing around $2,600. We might even see a real breakthrough of $3,000 as the previous one was too short-lived to really count. Not to mention it only crossed 3k on some exchanges, not all (like BTC-e).

negancoin

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all you need to do is hold ur BTC in cold storage and wait.
no one here knows exactly what will happen.

syaripudin

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I do not think it can be predicted what will happen after BIP 91. but I think it is a technical so that bitcoin kedepanya will be better again. I think all the improvements there will be risks in the face. But if this is so that there is no chain split I do not think this is a problem. Only this will create a panic for the investors. But I'm sure this is a requirement that must be done so kedo bitcoin can be better again. Indeed this is a rather complicated issue. But I think this technique needs to be done. Because the problem is. How to avoid divisiveness. I hope after this BIP 91 will get a bright signal.

cellard

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After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.

For now, we could just speculate about what will happen on August but miners seems enforcing BIP91 which likely lead to segwit activation. The maximum block size after hard fork is not 2Mb but it could be 8Mb, doesn't mean it will be good for us and I tend to not support it.
After BIP91 has been locked-in, to activate segwit2x requires 80% hash rate and the deadline on July 29. And fyi segwit2x is = segwit + hard fork to a larger block size. Segwit will be activated but hard fork won't be, I guess.

The water is clear until around mid October. When October comes, it's time to start being wary again and keep your coins off exchanges pretty much until 2018... do not risk it, exit scams are all time highs when the big blockers FUD with a hardfork, so get your Bitcoin Core ready because it's the best way to keep in control of your coins.

It's sad to see but I think big blockers will ruin the uptrend once again when the segwit2x bullshit comes.

Bitcoin Cash will be a non event, no one cares.

CyberKuro

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After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.

For now, we could just speculate about what will happen on August but miners seems enforcing BIP91 which likely lead to segwit activation. The maximum block size after hard fork is not 2Mb but it could be 8Mb, doesn't mean it will be good for us and I tend to not support it.
After BIP91 has been locked-in, to activate segwit2x requires 80% hash rate and the deadline on July 29. And fyi segwit2x is = segwit + hard fork to a larger block size. Segwit will be activated but hard fork won't be, I guess.

ss890

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After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

Why live in future if you could do all possible things right today. It's not good to jump into another situation or think of "next what" situation right when you are in the middle of different problems. I mean come on logically you should be focusing on august thing and let the conclusion come out for the fork. The news will spread instantly for your question too.

JohnBitCo

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Quote from: examplens on July 24, 2017, 02:05:17 AM

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

The only thing that we do have to fear about this soft Fork, is the fact that it is now opening Bitcoin up to Future updates and changes. I could be wrong but I believe for Bitcoin itself this is the first major software change other than changes to the core software.

mrayazgul

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There's been a lot of fear creation about August 1st. The fact is that this is going to do nothing but improve Bitcoin. All it is is a bigger size and a little bit more security so that transactions get confirmed quicker which is something that's important if it's going to ever make it into the common Marketplace

Amph

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well the goal is to activate segwit and have more room for transaction, either that or we will remain at current state, one of these things will happen

So, Bitcoin is decentralised currency, but who decide these things about BIP 91, Segwit etc..? At first glance, it looks like a few guys thinking "what's next"

it's actually the users that are enforcing this, so it's decentralized as it get, still you can't believe that every average joe have a possible voting on the upcoming chain split if will happen

miners rules the place, but full nodes have also their meaning

omonuyak

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We should focus on how to develop crytocurrency and since we have little knowledge on the technical aspects of bitcoin is better some experts from this forum should explain to us what is next! Many speculation are flying in the air and some few explanations has been given but we need reliable information then.

examplens

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So, Bitcoin is decentralised currency, but who decide these things about BIP 91, Segwit etc..? At first glance, it looks like a few guys thinking "what's next"

ecnalubma

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So it means that there's a lot to watch then after BIP91 proposal, this year is giving us a lot headaches. We don't have choices but to rely on agreement between parties, bitcoin still have a lot of debate to encounter but as normal users we can't decide on our to stick or withdraw.

leyton11

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Quote from: makulo123 on July 23, 2017, 02:33:20 PM

Well, I did a mistake and I sold 90% of my Bitcoin reserve before the price skyrocketed to 2800 USD Undecided

But I am still hodling my ETH, some alts and 10% of my BTC. The split is not gonna occur as far as I am convinced and that is why no one should be scared...

Don't sadly with that, I think you decisive sell your Bitcoin when the price reach $2800 is very good, because although in August 1st not have HardFork with BIP148 or BIP141, but ViaBTC and Bitmain still want split Bitcoin to Bitcoin Cash and Bitcoin ABC, with this news can create some panic when nearest deathline Segwit and you can buying again Bitcoin with money you had earned when take profit at $2800

Russelmain

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Quote from: dunfida on July 24, 2017, 12:17:12 AM

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.

Why dont they just implement the hard fork already so that they wont be fear among investors again in November, August 1 has already caused enough problem among investors which drove the currency way down last weekend.

We do really like on this way but we cant do anything since this is already been set and you are right August 1 event did really affect bitcoins environment which causes for its price to dip again but instead of worrying too much we should really see this as an opportunity than as a problem. If you are an active trader you will surely love these movements for sure.

The fact is that this case may affect Bitcoin and in another way, has created exact copies of Bitcoin existing to date. So there can be two flows and how exactly to get out of this situation I do not know yet. How to recognize bought and how to delete it. But nevertheless, these are just conversations and I do not take them seriously seriously.

dunfida

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