1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

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

    Joined:
    Dec 7, 2007
    Messages:
    1,580
    Likes Received:
    1,302
    Occupation:
    unemployee
    Location:
    Blockchain
    • Thanks Thanks x 3
    Last edited: Jul 18, 2017
  2. pofigy

    pofigy Senior Member

    Joined:
    Mar 11, 2012
    Messages:
    940
    Likes Received:
    823
    Occupation:
    playing with paypal
    Thanks,its informative
     
  3. AlphaKevin

    AlphaKevin Newbie

    Joined:
    Feb 14, 2016
    Messages:
    12
    Likes Received:
    5
    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 Jr. VIP Jr. VIP

    Joined:
    Sep 7, 2016
    Messages:
    111
    Likes Received:
    14
    Gender:
    Male
    Occupation:
    Cryptos
    Location:
    LV
    Ty for informative chart.
     
  5. daveinit8

    daveinit8 Jr. VIP Jr. VIP

    Joined:
    May 19, 2014
    Messages:
    160
    Likes Received:
    23
    good topic, thanks for sharing!
     
  6. adwordsvoucher

    adwordsvoucher Jr. VIP Jr. VIP

    Joined:
    Feb 3, 2015
    Messages:
    208
    Likes Received:
    29
    great info. :)
     
  7. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

    Joined:
    Dec 7, 2007
    Messages:
    1,580
    Likes Received:
    1,302
    Occupation:
    unemployee
    Location:
    Blockchain
    Looks like no hardfork though.
    Segwit is coming.
     
  8. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP

    Joined:
    Oct 28, 2011
    Messages:
    3,909
    Likes Received:
    2,170
    Occupation:
    Ninja
  9. jp_smith86

    jp_smith86 Jr. VIP Jr. VIP

    Joined:
    Jul 6, 2012
    Messages:
    903
    Likes Received:
    359
    Location:
    DIL APNA PUNJABI
    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

    Joined:
    Apr 25, 2011
    Messages:
    10,414
    Likes Received:
    8,116
    I thought bip91 already reached 80% support and so we should have had a hard fork.??
     
  11. davids355

    davids355 Jr. VIP Jr. VIP

    Joined:
    Apr 25, 2011
    Messages:
    10,414
    Likes Received:
    8,116
    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.
     
    • Thanks Thanks x 1
  12. jp_smith86

    jp_smith86 Jr. VIP Jr. VIP

    Joined:
    Jul 6, 2012
    Messages:
    903
    Likes Received:
    359
    Location:
    DIL APNA PUNJABI
    Your post makes sense and finally some relief for me. Cheers man. Thank you for your post man.
     
    • Thanks Thanks x 1