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Author Topic: UASF - What needs to happen for a smooth activation.  (Read 470 times)
25hashcoin (OP)
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May 19, 2017, 06:22:46 PM
 #1

This is a USER based movement. You can not sit on the sidelines and do nothing.

What you need to do now:

1. Every supporter needs to signal in favour of UASF on their node.

2. Every supporter needs to write to their exchange saying they will only use exchanges that trade the SegWit chain. (It's okay if they trade both chains if there's a fork - in the long term the other chain dies when the hash power moves over to the SegWit chain).

3. Every supporter needs to write to all mining pools instructing or asking them to signal for SegWit before the UASF activation date to avoid a split.

4. Since you're asking miners and exchanges to support the UASF, there is no harm in asking Core developers to do the same by releasing a version that makes it easy to signal for the UASF prior to August 1st.

Every day from now on:


1. Unless they've already agreed, write again to your exchange saying you will only use exchanges that trade the SegWit chain.

2. Unless they've begun signalling for SegWit, write again to all mining pools instructing or asking them to signal for SegWit before the UASF activation date to avoid a split.

3. Keep on asking core developers to support UASF in Bitcoin Core.

Prior to August 1st:


Download and run a UASF enforcing node. Quit any non-UASF supporting node which would propagate blocks not signalling in favour of SegWit.

www.uasf.co



Sharing from https://www.reddit.com/r/Bitcoin/comments/6c2ty9/uasf_what_needs_to_happen_for_a_smooth_activation/ All credit to original poster.

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Raxitto
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June 19, 2017, 12:10:53 PM
 #2

When we speak on August 1, 2017, it promises to be a highlight in Bitcoin's future, as there is a great chance that there will be a division in the blockchain on account of the UASF improvement of BIP 148. Note that if most of the miners (mostly Which hold the largest hash force) do not adhere to and support the activation of SegWit through BIP148, Bitcoin's blockchain will be split in two. Thus creating two types of Bitcoin tokens, one for coins in the bifurcated chain and another for the Bitcoin legacy of coins in the chain that did not run the BIP148.
Many speculate and come to consider good news, that every bitcoin existing in the instant prior to UASF would be effectively copied to both strings. Where would you have your Bitcoins in both networks the new one with BIP 148 and Legada currently, one with SegWit and another without. But as you reader, you must already be concluding, this will be a mess and will bring a lot of risk to the market.
YuginKadoya
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June 19, 2017, 12:24:44 PM
 #3

When we speak on August 1, 2017, it promises to be a highlight in Bitcoin's future, as there is a great chance that there will be a division in the blockchain on account of the UASF improvement of BIP 148. Note that if most of the miners (mostly Which hold the largest hash force) do not adhere to and support the activation of SegWit through BIP148, Bitcoin's blockchain will be split in two. Thus creating two types of Bitcoin tokens, one for coins in the bifurcated chain and another for the Bitcoin legacy of coins in the chain that did not run the BIP148.
Many speculate and come to consider good news, that every bitcoin existing in the instant prior to UASF would be effectively copied to both strings. Where would you have your Bitcoins in both networks the new one with BIP 148 and Legada currently, one with SegWit and another without. But as you reader, you must already be concluding, this will be a mess and will bring a lot of risk to the market.

Well I am very curious if this will be OK to literally split the coins in two, and I think I would simply not know what kind of bitcoin I am gonna support right now! but I am hearing good points over the Segwit part, but let's just say that it is truly very risky I would just watch first if what really gonna happen with the current coins everyone have, but I would not gonna risk my coins on stock I am gonna convert it to fiat just to be safe!
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June 19, 2017, 03:40:42 PM
 #4

People might think that everything is in miners hands, because they can decide what version of Bitcoin to mine, but in reality the market will decide Bitcoin's fate. If people will hold and buy UASF coin and threat it as the only Bitcoin, while dumping coins on legacy chain, miners will have no choice but to mine UASF chain, otherwise they will not be able to even cover electricity costs. And I'm sure that this is what going to happen, because majority of Bitcoin users and holders support Core and SegWit.
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June 19, 2017, 03:44:19 PM
 #5

If as expected UASF bitcoin (SegWit) succeeds & Legacy chain fails then what kimd of instant impact(s) can we expect on the price?

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iamTom123
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June 19, 2017, 04:04:41 PM
 #6

When we speak on August 1, 2017, it promises to be a highlight in Bitcoin's future, as there is a great chance that there will be a division in the blockchain on account of the UASF improvement of BIP 148. Note that if most of the miners (mostly Which hold the largest hash force) do not adhere to and support the activation of SegWit through BIP148, Bitcoin's blockchain will be split in two. Thus creating two types of Bitcoin tokens, one for coins in the bifurcated chain and another for the Bitcoin legacy of coins in the chain that did not run the BIP148.
Many speculate and come to consider good news, that every bitcoin existing in the instant prior to UASF would be effectively copied to both strings. Where would you have your Bitcoins in both networks the new one with BIP 148 and Legada currently, one with SegWit and another without. But as you reader, you must already be concluding, this will be a mess and will bring a lot of risk to the market.

Well I am very curious if this will be OK to literally split the coins in two, and I think I would simply not know what kind of bitcoin I am gonna support right now! but I am hearing good points over the Segwit part, but let's just say that it is truly very risky I would just watch first if what really gonna happen with the current coins everyone have, but I would not gonna risk my coins on stock I am gonna convert it to fiat just to be safe!


I am not personally wishing for a scenario where there would be a necessary split because as what others can be saying the whole thing can get complicated or messy. But at the back of my mind, would it not be really nice if there would be a split and the value of my Bitcoin can double?

I know this is kinda simplistic or a fairy tale but it would be nice to think this whole thing that way because if this can be the case then the whole mess experience can be worth getting into. I know many would object of such an idea because we all want to be in the safer side.
mike4001
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June 19, 2017, 04:22:14 PM
 #7

Why still bother with the UASF when miners will implement SegWit before August 1st and also have the hashpower to do this properly?
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