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Author Topic: No fork detected--> Segwit is now active UASF is active! WE did it!  (Read 2630 times)
classicsucks
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August 01, 2017, 08:33:43 AM
 #41


Bitmain might shift their mining resources to BCC and start buying BCC and selling BTC to cover their monthly expenses. Pushing BCC up and BTC down on purpose. Then I think we could have the Double Moon scenario  Grin

Never trust a sleazy miner  Cool

If we have both BTC AND BCC then how likely is that both BTC+BCC=<$2900(Current BTC value)?
 I just want to know if it's better to convert to USD before the fork.

BCC and BTC are separate entities. BTC + BCC doesn't automatically equal current BTC price halved after the fork.
What the price of BTC will be after the fork is a gamble.

Well of course any mining company can influence the price and hashrate of any coin they want... especially if they run an exchange too (ViaBTC)! But at the end of the day, what will determine the market value of BTC/BCC (or whatever coin) is its UTILITY on the open market. So Core and Lukejr must be shaking in their boots that BCC will be MORE USEFUL because it's not encumbered by blocksize limits and technical debt of Segwit, and thus potentially MORE VALUABLE than BTC.

Economically speaking,, the BTC money supply is essentially doubling, although the BCC tokens will initially be undervalued.  The total market cap for BTC should equal that of BTC+BCC in a few months. This would mean a BTC price drop and BCC price fluctuation.

Obviously in the short term people will be dumping BCC as quickly as they can for either BTC or cash, whichever seems to offer a higher return for minimal effort. My guess would be people initially will be exiting BCC to BTC, since selling BCC for fiat involves Chinese exchanges and Yuan forex markets, etc., except for Chinese people, who are relatively fine with Yuan. I don't see many exchanges offering BCC/BTC other than ViaBTC, but many of the mainstream exchanges will be monetizing BCC when the fork happens.  If exchanges don't offer BCC/BTC monetization, they could essentially steal their users' BCC. Quite a smart move creating that situation on the BCC developers' part.

If and when BCC/alt exchanges start popping up, things will really get interesting!
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August 01, 2017, 08:34:51 AM
 #42


UASF is being enforced Segwit is now active and no fork is detected!

Nonense.

Segwit still needs to lock in, will be active at the end of the month.

UASF is active tho so if any miner tries to make a non segwit block at any time a fork would happen. Right?
No block will be allowed to propagate across the network unless its signaling for segwit.  Right?
I'm pretty sure that's been the case since the start of this difficulty period, because BIP 91 is designed to be a method of activating BIP 141 which is also compatible with BIP 148.  

You can see that even though only 87.5% of the blocks have signalled their intention to support SegWitx2, 100% of blocks in this difficulty period have supported BIP 141, because miners are already rejecting non-SegWit blocks.
So we are still waiting to determine the actual ramifications of the split?
UASF has not caused a split.  The split will happen at about midday.

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K~Ehleyr
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August 01, 2017, 08:39:30 AM
 #43

Excellent, we've upgraded without a fork!  Except for the fork... but that doesn't count as a fork because it's a fork, so that fork is now irrelevant as a fork.  So since the only fork is a fork, there are no forks!  Yay!!!

 Cheesy
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August 01, 2017, 08:41:12 AM
 #44


UASF is being enforced Segwit is now active and no fork is detected!

I think this is a false alarm at this time because going through website would have solve this false alarm at this time when everyone is skeptical of whatever is about to happen. Lets just that everything will work for the benefit of bitcoin while some set are optimistic about the fork happening, others are of the opinion that it should not happen and OP statement has shown the side he belongs to.
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August 01, 2017, 08:45:53 AM
 #45

I'm sure BitcoinCash will plan to use fork/UAHF on 12.30 today which will happen in few hours and even forum news said that Roll Eyes
I just hope BitcoinCash price will crash hard to the point where no one even bother to invest on that altcoin.

That's harsh but I wish so too. I hate it that there is this Bitcoin impostor so I also support the idea.  Grin And honestly I think it is for the common good, for Bitcoin itself, that BitcoinCash will fail. Surely newbies who want to enter the Bitcoin world would now find it confusing which is which.
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August 01, 2017, 08:52:10 AM
 #46

BitmainCash is completely unrelated to bitcoin.

How so?

My understanding is if miners try to make a non segwit block now a fork would happen; it could happen at any moment but so far so good.

As far as BitmainCash thats just an altcoin. That has nothing to do with the Bitcoin network upgrade.

So regardless of what happens with BitmainCash in about 5 hours we have already succeeded in upgrading the network.  

To be fair, this "alt" has a lot to do with the "network upgrade". Hate to say it, but in an objective view, BBC weren't wrong to refer to them as Bitcoin rebels. Plus, they had to make good on their threats or people would take them even less seriously then they already are.

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xbiv2
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August 01, 2017, 08:52:41 AM
 #47

Segwit not yet realy active.
https://bitcointalk.org/index.php?topic=2044085.0

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August 01, 2017, 08:57:42 AM
 #48

Not sure what you did considering it is dropping like a mofo, havent seen a red candle like that in quite awhile, 300 in a very short space and dropping, glad i decided to convert to USD Shocked
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