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Don't panic, but your Bitcoins may just vanish into the ether next month
Well, actually, do panic. A pending code change could bring a period of instability
The community-driven organization overseeing Bitcoin on Wednesday warned that any Bitcoins received after Monday, July 31, 2017 at GMT-0700 may vanish into thin air or be rejected as invalid.
Bitcoin.org said that at the end of the month, Bitcoin confirmation scores – a number that represents the difficulty of altering the associated transaction – may become unreliable for an unknown period.
"This means that any Bitcoins you receive after that time may later disappear from your wallet or be a type of Bitcoin that other people will not accept as payment," the group said.
The reason for this "potential network disruption" is Bitcoin Improvement Proposal 148 (BIP 148), which describes a "user-activated soft fork" (UASF). It's an effort to implement a code revision referred to as a Segregated Witness, or SegWit, a method for separating signature data from transaction identifier data in a Bitcoin transaction.
Doing so offers a number of ostensible benefits, including increasing the Bitcoin blocksize, limiting the extent to which transaction data can be modified by third parties, and simplifying scripting upgrades.
The SegWit operation depends on the consensus of Bitcoin miners. If a majority of the Bitcoin miners signal their support through their mining activity, the change should become active across all compatible Bitcoin clients.
But if BIP 148 is only embraced by a minority, the blockchain could split. That would create a situation where BIP 148 Bitcoins and legacy Bitcoins would be incompatible.
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The transaction confirmation time in the Bitcoin network is gradually increasing. ... YOU SHOULD NOT BE AFRAID OF AUGUST 1 ... situation where two types of crypto-illate bitcoin arise - one based on the protoco
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Not really looking like dying any time soon
People focus so much on what the price of bitcoin is that they don't look at *how* bitcoin is traded. Bitcoin is quite interesting because it is the first asset whose trading/exchange infrastructure was created from a clean sheet, and so you have things like 24/7 trading, multiple exchanges, and direct trading with counterparties, that are going to eventually be used to trade everything else. |
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It's not just bitcoin. The issue is that the global banking and payments system is fundamentally broken. Bitcoin is merely one part of general set of financial technologies that will reshape the banking system.
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on August 1 will go 4000$ and on 2August under 2000$
i dont think so.. |
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The new code update called BIP 91 has been locked in with 93.8 percent of miners showing support for the proposal in the last 24 hours, according to Coin Dance, a site which tracks bitcoin blocks.
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Bitcoin nears record high price after 'milestone' in fierce debate over its future The price of bitcoin traded near its all-time high.
A key milestone in the so-called "scaling debate" which has been consuming the bitcoin community was reached.
But some in the bitcoin space said there are more hurdles to jump over yet.
What's been going on? Within the bitcoin community, a so-called "scaling debate" has been going on. There is a big backlog of transactions on the bitcoin blockchain — the technology that underpins the cryptocurrency. That's because the bitcoin code only allows a certain number of transactions through in one "block". What next? The new code update called BIP 91 has been locked in with 93.8 percent of miners showing support for the proposal in the last 24 hours, according to Coin Dance, a site which tracks bitcoin blocks.
It is essentially a software update that miners need to run. So 93.8 percent of miners are signaling their intention to run it.
There will now be a two-day grace period for miners to prepare for the activation of BIP 91. Following that, there will be an adjustment period which could take two weeks. The actual increase of the block size might not take place until November.And there could be some potential issues. For example, one bitcoin developer Bryan Bishop, said that miners might not upgrade their software, even though they are signaling that they will. |
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So whats you stats saying? in how many days it will cross $3000btc
as far as 1st august is coming the bitcoin is rising. it seems that it will be at $5000 after 1 Aug
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no the bitcoins will not end, it will rise just wait and watch it will become more popular so dont worry
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Yes most people area afraid but there is so much chance that it will effect btc as most of the parties have agreed on btc splitup so it will be sure benifit for all people as you can see again btc prices are rising high to high and reached back to $27800. so i suggest you to wait and watch you will be getting great amount of benefit after 1st august.
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today bitcoin price is 2770$ what do you thinh we should still wait as it will increase? be patience but its also a big risk so fingers crossed lets see what will happen finally in the market , on the other hand i am also very excited
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It is rising is just saw the price it is at 2770$ and i don't understand the reason why is the price increasing so fast suddenly. 2 days back it was at 1800$ and now it is at 2800$ why did you even sell your bitcoin if yoh would have waited you could have easily made 1000$ per bitcoin in just 2 days which you won't get anywhere in the world
yes it is being said that it will rise to 3000$ btc , what will happen after 1st august?? it so confusing to me |
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I think you sold it under the panic selling wave pressure and yes, I can understand that it is difficult to sustain in such conditions especially in the early days of investing. Since price is started to rise now, I am sure you must have learned a lesson from this incident and it will help you every time in the future during such fluctuations in the price. In such kind of market conditions, I would say go with buy orders but will lesser units and higher frequencies so that it will be cost averaging for the period. (I might be completely wrong, please do your own research before investment).
yes i bought at 2300$ btc rate and still i got much profit |
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i have checked Godday and namecheap the are giving 1 year hosting plus domain in 12$-17$
but i am having problem , i have no paypal account and i have only bitcoins avail for purchase. i tried deposited btc in namecheap but they re not deposited and the namecheap support team is working on it.
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I can provide you with cheap domains. $2 for .com, .net, .org, .biz, .us, .info, .in and .co. with free whois protection and email forwarding.
i also need hosting |
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wow man that very creative and amazing designs, i really love these.
it a great concept and great idea i would love to have this art.
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there are many ways to earn online btc, check bitcoin faucets ,there are so many and pays as well
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hi i need domain and hosting 1year validation ,
the domain and host should me renewable.
also mention the price.
Thanks
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can you post pictures of your product?
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