What is UASF?

[BlackJacky]

Hey folks,

could sombebody explain what the User Activated Soft Fork is and what it will enable?

Thanks

[mindrust]

Hey folks,

could sombebody explain what the User Activated Soft Fork is and what it will enable?

Thanks

You can find all the information you need here: http://www.uasf.co

UASF aims to get the favor of the economic majority (bitcoin users) to activate segwit because miners fail to do it themselves. That's basically it.

[BlackJacky]

Hey folks,

could sombebody explain what the User Activated Soft Fork is and what it will enable?

Thanks

You can find all the information you need here: http://www.uasf.co

UASF aims to get the favor of the economic majority (bitcoin users) to activate segwit because miners fail to do it themselves. That's basically it.

Cool thanks, I will have a look on it!

[BillyBobZorton]

UASF is an all or nothing card. If it doesn't get enough support, it will just disappear and it will bel ike nothing ever happened.

If it gets enough support, legacy-chain will die and it will continue as the same bitcoin, but with segwit.

The big problem....: If it's a tie, it will be a mess of 2 coins co-existing.

[deisik]

UASF is an all or nothing card. If it doesn't get enough support, it will just disappear and it will bel ike nothing ever happened.

If it gets enough support, legacy-chain will die and it will continue as the same bitcoin, but with segwit.

The big problem....: If it's a tie, it will be a mess of 2 coins co-existing

That won't be for long anyway

Obviously, only one coin should prevail in the end. But personally, I don't think that it is ever going to escalate to that (i.e. hand-to-hand fighting). Basically, the BIP148 option is pretty safe unless someone (and we all know his name) goes totally nuts. But if he just goes insane on his own (BIP or no BIP), the result wouldn't be much different, so it is six of one and half a dozen of the other. One may ask why this option is safe. The reason is as simple as snow. If BIP148 doesn't obtain enough support, it will just go away without trace (as you said), and that's pretty much all. On the other hand, once it gets enough support, it will make no sense to ride against the tide (unless you want to get exposed, of course, as per Buffett)