When is Bitcoin fork date? and what is impact on alts

e-coinomist

legendary

Activity: 2380

Merit: 1085

Money often costs too much.

Quote from: Gambit1306 on October 04, 2017, 03:19:48 PM

Also wondering: what are BCH's chances in all of this. Will one definitive BTC finally emerge? Will there be yet more forks?

Well, their chances are there: BCH would remain SHA256. And 100% of the blockchain's hashrate is running on SHA256.

Quote from: HPC1984 on October 04, 2017, 02:59:42 PM

- Algorithm change from Sha-256 to Equihash

Any Equihash would just run on some GPUs that formerly did ETH or something else. Since ETH turning POS.

I don't like that perspective!

Quote from: HPC1984 on October 04, 2017, 02:43:37 PM

A few have mentioned at block 494,784

We are at Height 488317 so this would be 6467 blocks ahead, or (10 minutes each) 45 Days ahead. Six weeks.

go4crypto

sr. member

Activity: 798

Merit: 263

It is likely to cause some selling and FUD ahead of fork date just like the last one.
Hard to know which coin out of the two forks will be considered real bitcoin
and carry more value so probably best to hold your bitcoin in your wallets
before and after the fork until it settles down.

handschi

newbie

Activity: 64

Merit: 0

i bet its gonna be two coins then...

the one that the big exchanges adopt will be "bitcoin" and the other may become "bitcoin classic"...

then we have the bitcoin-cash situation again... so get your coins into your own wallets, off all services.

Captain_Planet

full member

Activity: 448

Merit: 102

Yeah there has been alot of FUD about the new fork. Not sure whats going on and what will it impacts on the altcions. I myself love trading the altcoins and the previous previous fork hit hard at me lol.

Gambit1306

member

Activity: 89

Merit: 10

Also wondering: what are BCH's chances in all of this. Will one definitive BTC finally emerge? Will there be yet more forks?

HPC1984

full member

Activity: 147

Merit: 100

It's hard to say because this fork is supposedly different to previous forks and I'm honestly not even sure what's true about this fork, but some rumored changes:

- 1MB blocks increase to 2MB blocks
- Algorithm change from Sha-256 to Equihash
- Fork is winner-takes-all (i.e. one version ceases to exist)

I'm guessing a lot of FUD will erupt and that seems to favor holders of Bitcoin as people retreat to what they know in the short-term.

hadoop

full member

Activity: 126

Merit: 100

Quote from: HPC1984 on October 04, 2017, 02:43:37 PM

I don't think a specific date has been set, but November is what I've been seeing mentioned pretty much everywhere.

A few have mentioned at block 494,784

do we see massive dump of alts to join fork party? or otherway around ?

HPC1984

full member

Activity: 147

Merit: 100

I don't think a specific date has been set, but November is what I've been seeing mentioned pretty much everywhere.

A few have mentioned at block 494,784

hadoop

full member

Activity: 126

Merit: 100

when is date? what is your speculation for alts? will they go down massively ? as fork is around the corner is good time to buy before fork or after? thought please

Topic: When is Bitcoin fork date? and what is impact on alts (Read 397 times)