Bitcoin Forum

Bitcoin.org just gave an alert on their website of a confirmed potential fork on Aug 01 and some warnings to users of bitcoin. It is unpredictable yet though how the market is gonna be like but it seems it ain't gonna be pretty. I was having hopes it may not get to this at first, unfortunately they are dashed. God help us as we help ourselves too. :(
https://bitcoin.org/en/alert/2017-07-12-potential-split

Not confirmed, just a warning. When the XT shit was happening, I think there was a similar warning too. Not sure if they bothered with Classic and Unlimited.

Once it's clear that there will be no hardfork, the market will react posibility.

In the small chance of a hardfork, the forked chain will crash in price as all the whales (except Roger Ver...) dump their JarzikCoins for sovereign legacy chain.

As small holders all we have to do is wait and see. If you want, you can help by dumping the JarzikCoins for more legacy chain coins.

Many people might loss their bitcoins because of this

Still people are using coinbase and xapo like web wallets that doesn't share private keys.

    
"Confirmed potential" Oxymoron does not compute.  :D

It's hilarious that you promote UASF so passionately, and yet don't realise that this post is about the chain split that UASF would cause with a minority in hash rate and economic support.  It's actually about a soft fork, not a hard fork.  Segwitx2's chain split would happen three months from SegWit activation, rather than precisely when SegWit activates.

Did you actually read the post?

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The chances are that the UASF chain will be irrelevant, and it's likely that SegWitx2 will happen before then.

However, it's always good practice to keep your coins in a wallet where you can export the private keys.  Also, if UASF does become relevant, your coins might just be legacy coins when kept in web wallets and exchanges, so it's definitely a good idea now, as a precaution.

The split would kind of increase the popularity of ETH as is the second pair used mostly everywhere. So many big exchanges use btc as pair and is one reason for btc dominance. See, a split would put one coin first and other as it's test subject for the future.

"confirmed potential"  ::) so nothing changed.

There was also a hard fork all the way back in 2010, yet look at where Bitcoin is today. Hard forks are sometimes necessary. This is a much better long-term solution than BIP148 which is only temporary.

Are you sure that their was a hard fork in 2010 because till now i never heard of this and if their was hard fork on 2010 then i think this hard fork should not have been facing so big problem. Can you please confirm your saying by giving any link where we can find the full details about it.

Something has come to my mind. Is there an exchange platform that anticipates this fateful date of the first August? I don't remember reading something about it.  Otherwise if none of them has done something, don't you find that weird from a company?

This is not a certain confirmation coming from them. They just warn us to be ready in case of a hard fork. That's all. We all gonna prepare ourselves for a possible hard fork. For sure.

How can I be sure my coins are secure? I don't want to get a transaction lost or coins dissappear. What do I need to do?

jesus can you read? where you found the word 'hard fork' in that article?
it is totally about something different as you are trying to present us here...

read the article...?
your BTC are safe, just don't make transactions on affected time, that's all

It simply says that we should take our money to coldwallets and make them stay there without moving till everything gets solved.

Any transaction you make after Aug/1 will have a possibility of disappearing If UASF chain has the support from the majority.

Pro Hint; Convert any bitcoins you get into USD starting from Aug/1 If you want to be %100 safe. (no need to convert the older coins because they'll exist on both chains)

Is that right?  :'(

I saw the same warning. Its pretty ridiculous. There will be no hard fork. From a different thread:

UASF nodes might be forked off Bitcoin on Aug 1. No problem, just 5% of nodes wont follow Bitcoin blockchain anymore. UASF is not worth the drama, nothing significant going to happen on Aug 1, it reminds of Y2K :D

Just make sure that you store your bitcoins if your wallet where you have the complete control over your private keys and if so you are safe rather than saving your coins in exchanges and online wallets.So it is almost certain that we will see a split ,that is really bad,i thought we could see a swift upgrade and things goes smoothly and the price will rise after that,but with this scenario i am not sure how things will go.

Do you mean the exchange that gives the anticipate to the first August? and I think it is no one.

There is a lot of the latest warning regarding the upcoming hardfork like theymos's said that not good to keep your amount on the exchange site. 


What a thing that looks weird for you? It seems I was missing something from there.

Just hope for the best. Am pretty sure bitcoin is causing all this panic in the crypto exchanges.

They need to do it, they cannot be irresponsible and not let people know what it is happening, also until the fork happens then it is not confirmed, there is the chance that it may happen but until the miners pulled it off then it is just a potential, a terrible potential if you ask me, but still a potential that can be avoided.

nothing to worried if there is a split for bitcoin and we don't have to be panic to selling our bitcoin. its better to save it offline wallet like Theymos said. we are responsible with our bitcoin and only us that will know what we should do for our best. what we need to is make sure that our bitcoin is safe by doing what Theymos suggested and from other sources so we don't have to be worried. just make sure that in july 31 and august 1 we don't make any transaction because this would make our bitcoin is disappear and changing into other currency.

You and most people here are very worried about the transition of bitcoin, but whatever the outcome, success or failure, bitcoin is influencing the entire virtual currency market, bitcoin goes down drag. Follow most other altcoins. I do not know how to face it.

UASF winning wouldn't create 2 chains because the legacy chain would reorg. JarzikCoin would create a permanent split forever.

The whales will destroy JarzikCoin, or any other hardfork efforts. They are wasting their time.

That opinion is based on a number of assumptions that may never materialise and a number of variables that may never align to make it occur.  It is nowhere close to being a statement of fact.  It should also be noted that what people describe innocently as a "user activated soft fork" is, I would say emphatically, a significantly larger change in the manner in which the network is run then any change in consensus or reference client could ever be.  Or to put it another way, a fork with consensus is more natural and organic than an attempted fork with the hope or wish that consensus might catch up at some vaguely defined point in the future, which is what BIP148 amounts to.  I don't recall anyone prior to shaolinfry's proposal being made ever describing the network functioning in such a manner before. 

All updates have been deployed through UASF. Satoshi used UASF in the past. This is not the thing.

What disturbs the network is gathering behind closed doors with a couple corporations to try to hardfork into JarzikCoin.

UASF BIP148 wouldn't exist if they weren't trying to hardfork. And again, if BIP148 has no traction it will die and nothing will happen. JarzikCoin will permanently create a situation where we have 2 goddamned bitcoins.

While many softforks have certainly taken place, none of them have met the criteria laid out in shaolinfry's proposal (https://bitcointalk.org/index.php?topic=1805060.0) (linked so you can read it "from the horse's mouth" as to how it differs to a conventional softfork).  I mean, you do actually know how this thing you've been campaigning for actually works, right?  I'm genuinely starting to wonder now.  You did post in that thread, so I'm assuming you read and understood it, so I don't see how you think that such an event has ever occurred before (although, as Iranus points out, you didn't really read or understand this thread particularly well before blurting out your views, so maybe that's a factor).

Name one previous "user activated" softfork that went ahead without a majority of mining support under the assumption that miners would at some juncture later later follow the non-mining nodes based on economic activity even if they didn't agree in principle.  One.

I honestly think you still haven't read bitcoin.org's post.  This is about a chain split happening on August 1st, due to UASF.  If you don't think it will happen, you're basing that on the assumption that UASF will have >50% hash rate by August 1st.  That is a shockingly bold claim.

Also, SegWitx2 will only have a hard fork three months after SegWit activation.  This is obviously not a warning for that.

Before writing, you just need to think "is this actually relevant to the post or am I just showing my opinion on scaling?"  There are plenty of threads to express your views on the situation, if that's what you intend to do.  Bitcoin.org's post is an important warning for people to bring their coins into a wallet where they control the private keys, in order to keep their coins safe during UASF.

Several major groups, including DCG, support SegWitx2. It's quite unpleasant to see people trying to shove their views into their writing instead of giving helpful information to the OP.

Have all answers.
Easy topic:
https://bitcointalk.org/index.php?topic=2007635.msg19988238#msg19988238
Complex topic:
https://bitcointalk.org/index.php?topic=2018878.msg20119234#msg20119234

Your title is misleading, Confirmed potential hard fork is like dead on arrival but maybe dead.

If split will happen on the said date for me it is okay because it is just only a split and we can't do anything about but to wait for further announcement in how to use it as two like ETH and ETC.

I know people is worried for the price of bitcoin to fall down and this is normal mostly to those invested their money right before this event will take it place, but trust me that bitcoin will surely surpass this and will become stronger more than before.

"Confirmed potential fork" is the same as "uncertain possibility of fork" or "it will fork, I think?" All are uncertain but to making a move to prevent casualties in your coins in a must. Though the split is not yet confirmed, having safety procedures is a good way to keep your Bitcoins safe. The article does not say anything certain about the split so we have to just relax and wait for further reliable news about the upcoming event on August 1st.

Since I'm still awaiting a reply to the previous point, I'll move on to the next one.


Horseshit.  Complete and utter.  If SegWit2x has no traction it will die and nothing will happen.  

Your issue is that SegWit2x does appear to have traction.  ANY proposal involving a fork that has enough support behind it can result in a permanent split.  Any proposal that doesn't have sufficient support can die off quietly and unnoticed.  The two are equally capable of creating a permanent split assuming there's traction behind them (although there's also a question of timing in this instance, where if SegWit2x activates in time, BIP148 becomes irrelevant).  Your post appears to indicate that because you don't think enough people give a shit about the proposal you care about, you can somehow pretend it isn't just as capable of creating a split.  That could either be a double standard and downright hypocrisy on your part, or possibly further proof that you simply haven't got the slightest clue what you're talking about.  

On such evidence of either questionable character or a general lack of understanding, back to the original point:



I'm not holding my breath, because I'm pretty sure the answer will involve an admission that your words were the result of ignorance at best or an outright lie at the worst, but I'd still like a response to this question.  Name one.

I am not very technical but ETHEREUM had a hard fork and both ETH CLASSIC AND ETHEREUM have gone up in price since the hard fork, so why not Bitcoiners benefit even after a hard fork? Why is there a lot of doom and gloom looking over a Bitcoin hard for issue?

Whether it's a hard fork or soft fork, it should be done so that we can go along with our lives, it's eventually going to happen and there is nothing to be done about it,

withdraw and you will be safe. it's simple :)

why would you keep BTC these days when you can buy later?

GREAT POINT !  Who cares about hard shit or soft shit? Shit happens anyway !

No it more like "of course you can win the lottery".

I'll grab some popcorn when they will remove the word potential, when we will see bitcoin hard forking , sheep panicking and surprise surprise after all this nothing will happen and bitcoin will be running as usual.


Ethereum had a hardfork because it's code was messy.

Bitcoin has hardforked twice in it's past but people tend to  forget things.

Confirmed Potential Hard Fork.

Already cleared that Longest chain will be winning chain and blocks involved in that chain will be confirmed and continued.

If there is a hard fork, always follow the longest chain (the chain with the most proof of work) as primary coin.

Bitcoins on the secondary chain however, will be made available for withdrawal by users after there has been a clear winning chain.

Tip* Keep Your Bitcoin Wallets private Keys safe and secure.

The effects of the potential hard fork and the split has already come. But its effects happens very much earlier and thus the market is now struggling since dumps are occurring rapidly. Price crash is inevitable due to the upcoming events such as hard fork and bitcoin split. Such uncertainties has stirred the bitcoin community to be on panic and selling bitcoin even at a lower value. Hope bitcoin will not crash down to 1000$ and below but what we have today is just hope. But let us not be in despair since the crash could be our best chance to buy more bitcoins that we can sell when the price will go up again someday in the future. More power to bitcoins and hope the August 1 event will empower bitcoins.

It's not possible to have a prediction and there will be no single answer untill the date, 1 August comes up. Exchanges will react of course, but there is still time for them.

What's the differences between this hard fork and the previous? Is there any links that I can read up on the previous 2 hard fork?? A quick Google search would only seems to reveal articles on the upcoming 1st Aug details and speculation..