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Bitcoin 1/August/2017 - Segwit/BIP91/BIP148/HardFork (Explained)

Discussion in 'CryptoCurrency' started by PinguSpy, Jul 18, 2017.

  1. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

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    Last edited: Jul 18, 2017
  2. pofigy

    pofigy Senior Member

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    Thanks,its informative
     
  3. AlphaKevin

    AlphaKevin Newbie

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    Since it is a currency which is traded on the stock exchange is to be expected even after the conversion, the course may be a short time, but I believe that this will recover quickly.
     
  4. Raybanana

    Raybanana Junior Member

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    Ty for informative chart.
     
  5. daveinit8

    daveinit8 Jr. VIP Jr. VIP

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    good topic, thanks for sharing!
     
  6. adwordsvoucher

    adwordsvoucher Jr. VIP Jr. VIP

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    great info. :)
     
  7. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

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    Looks like no hardfork though.
    Segwit is coming.
     
  8. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP

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  9. jp_smith86

    jp_smith86 Jr. VIP Jr. VIP

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    Okay. One Question: I have around $30k worth of BTC stored in my Blockchain info wallet. Shall i move those to another Wallet to stay on the safe side. or its fine i don't need to worry and leave those all there?
     
  10. davids355

    davids355 Jr. VIP Jr. VIP

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    I thought bip91 already reached 80% support and so we should have had a hard fork.??
     
  11. davids355

    davids355 Jr. VIP Jr. VIP

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    I read through all of the articles from that link. This is what I take from it, in short -

    Bitcoin has to be upgraded in order to grow, block size needs to be increased and the way transactions are stored needs to be made more efficient. Everyone agrees with this, the only disagreement is how the upgrade should take place and how miners can co-ordinate with each-other during the upgrade. The risk is that not enough miners agree on the best route and a split coin is the result. The truth is that nobody will benefit from a split in the coin - because everything with be devalued. Considering the fact that everyone (Or at least the majority) agree on the upgrades, I think it’s much more likely to go ahead, you will have the people in the know agreeing on whatever looks like the best option and everyone else will follow their lead.

    Price probably wont go up or down based on the result because most of this stuff is already factored in. Price might even go down just purely because its inflated right now for being in the spotlight and for grabbing everyone's attention.

    But in the long term its just going to continue rising - as more and more people start accepting and using bitcoin, its value will go up to meet that demand - thats just simple economics right? And more relevant when it comes to crypto-currencies because the production of new coins is forever diminishing.
     
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  12. jp_smith86

    jp_smith86 Jr. VIP Jr. VIP

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    Your post makes sense and finally some relief for me. Cheers man. Thank you for your post man.
     
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