Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[bones261]

Whats the scoop on trezor, can you move BCC directly to an exchange from there ? I wanna dump that garbage first thing tom morning

They are going to do a firmware update to the Trezor, and it will include some process to move the BCC to different addresses. No firm date when the firmware will be available. You may have to wait, and by that time, your BCC will probably be dust unless you have lots of BTC.

https://blog.trezor.io/bitcoin-cash-hard-fork-chain-split-safe-guide-abbe3e9c553f

[TeeBone]

Whats the scoop on trezor, can you move BCC directly to an exchange from there ? I wanna dump that garbage first thing tom morning

They are going to do a firmware update to the Trezor, and it will include some process to move the BCC to different addresses. No firm date when the firmware will be available. You may have to wait, and by that time, your BCC will probably be dust unless you have lots of BTC.

https://blog.trezor.io/bitcoin-cash-hard-fork-chain-split-safe-guide-abbe3e9c553f

Eh, whatever. I was gonna totally ignore it anyway til i saw Nick Szabo's comment the other day....convinced me to dump it.

[marcus_of_augustus]

So is it August 1st wherever it's supposed to be August 1st yet?

August 1 12:50pm in New Zealand and bitcoin still working, so looks like everything will be fine. 

[bones261]

So is it August 1st wherever it's supposed to be August 1st yet?

August 1 12:50pm in New Zealand and bitcoin still working, so looks like everything will be fine.  

Let's just hope the BCC code doesn't have a bug that ends up confusing the nodes that are not BIP91 or UASF enforcing...

Or worse, a bug and a BCC miner signals for Segwit.

[dakiller]

So is it August 1st wherever it's supposed to be August 1st yet?

August 1 12:50pm in New Zealand and bitcoin still working, so looks like everything will be fine. 

Yes, its 1am UTC, when is this meant to be happening?

[matt4054]

Confusing because I thought that BIP148 was a non-issue and that BIP91 pretty much nullified BIP148 because it accomplishes the same objectives that are outlined in BIP148 and even BIP148 has language to the effect that it is nullified if segwit BIP141 is in the process of locking in or maybe it has to be locked in for BIP148 to be nullified?

It is very confusing indeed. Here is my understanding, but I might be wrong, feel free to correct me.

UASF (BIP148) is logically redundant because of BIP91, which share the same SegWit (BIP141) implementation, but with a different activation time: as I'm writing this, there are still 1325 blocks remaining before BIP141 is expected to lock in, while BIP148 starts just about now. But using SegWit before BIP141 activates would be silly because SegWit requires "protection" from network consensus made for SegWit (sorry for the massive oversimplification), and there are not enough BIP148 nodes on the network to offer this.

[empowering]

So is it August 1st wherever it's supposed to be August 1st yet?

August 1 12:50pm in New Zealand and bitcoin still working, so looks like everything will be fine.  

Yes, its 1am UTC, when is this meant to be happening?

Handy little countdown clock currently on display here  = https://coin.dance/

On August 1, 2017 12:20PM UTC,

In about 11 hours 15 mins time from now

[Elwar]

Hmm, but what about BIP148? I thought that was at midnight.

[marcus_of_augustus]

Great American Total Solar Eclipse time 21 Aug 2017 at 15:46 UTC

Estimated SegWit Activation time 21 Aug 2017 10:28:40 UTC

 Aliens!!

[r0ach]

Even if you were ultra evil and wanted bcc to usurp btc you still wouldn't trade your bitcoin for bcc.

Lol?  While it would be inconvenient for a few people, I fail to see how such an action would be "evil".  If anything, trying to force the entire planet onto a single blockchain with extremely limited scaling would be the evil choice since it's inherently PRO-USURY.  I'm not a religious person, but what's the only time in the bible Jesus got violent with people?  Flipping over the tables and kicking out the usury Yids from the temple.

If you weren't a lying scammer solely trying to pump your own investment, you would logically pick the "non-evil" solution to be everyone dumping the fuck out of any currency with limited scaling and built in rent seeking, usurious middlemen (meaning all cryptocurrency), and purchasing gold or silver instead.

[leowonderful]

Hmm, but what about BIP148? I thought that was at midnight.

It just recently activated, less than an hour ago if I am correct. Price is beginning to go downwards slightly now, it will probably accelerate once we hit 12:20PM UTC tomorrow. Will be interesting to see what the price will be once the fork happens- I expect BTC at ~2400-2500 or less.

[Gyrsur]

Hmm, but what about BIP148? I thought that was at midnight.

It just recently activated, less than an hour ago if I am correct. Price is beginning to go downwards slightly now, it will probably accelerate once we hit 12:20PM UTC tomorrow. Will be interesting to see what the price will be once the fork happens- I expect BTC at ~2400-2500 or less.

at the moment the active UASF nodes are accepting all blocks because 100% of the blocks signal BIP141 (bit1).

here ist the countdown to the split later today:

https://coin.dance/

[micky123]

This is so confusing, users on Yobit exchange are already selling BCC and it is tanking as expected. If the fork has not happened yet, where on earth are they getting the BCC from? Can some please explain? Thanks!

[bones261]

This is so confusing, users on Yobit exchange are already selling BCC and it is tanking as expected. If the fork has not happened yet, where on earth are they getting the BCC from? Can some please explain? Thanks!

They are virtual IOU tokens. Also, Yobit is not allowing BTC withdrawals or deposits. So you cannot claim anymore BCC going that route. You cannot withdraw BCC either, yet.

[yefi]

This is so confusing, users on Yobit exchange are already selling BCC and it is tanking as expected. If the fork has not happened yet, where on earth are they getting the BCC from? Can some please explain? Thanks!

Yobit pulls coins out of their ass, no joke.

[micky123]

This is so confusing, users on Yobit exchange are already selling BCC and it is tanking as expected. If the fork has not happened yet, where on earth are they getting the BCC from? Can some please explain? Thanks!

They are virtual IOU tokens. Also, Yobit is not allowing BTC withdrawals or deposits. So you cannot claim anymore BCC going that route.

Thank you for your reply, so essentially they are trading something that isn't even here yet! Maybe something like futures? Wow, what happens if the split does not really take place? or is the split imminent... sorry for the n00b questions, but this is all so confusing!

Yobit pulls coins out of their ass, no joke.

My question, is this a possible indicator to how people would react to BCC IF the split happens?

[matt4054]

Thank you for your reply, so essentially they are trading something that isn't even here yet! Maybe something like futures? Wow, what happens if the split does not really take place? or is the split imminent... sorry for the n00b questions, but this is all so confusing!

Hilarity ensues, I guess?

Seriously, the fork is likely to happen. The value of the forked coin (Cash) is mostly unknown. So is the behavior of the new untested chain, to a certain extent at least. Yes, things might go wrong.

[Torque]

WTF? So is Roger Ver full of shit? Is this BCC fork thing not happening now?

I swear to the gods, if that guy and the whole lot of them was bullshitting this whole time about a fork, then I think it's time to gather up the torches, pitchforks, and some rope, fellas. We need to end this FUD garbage once and for all.

[bones261]

Thank you for your reply, so essentially they are trading something that isn't even here yet! Maybe something like futures? Wow, what happens if the split does not really take place? or is the split imminent... sorry for the n00b questions, but this is all so confusing!

Hilarity ensues, I guess?

BCC virtual token buyers get screwed over. People getting screwed over by buying coins on Yobit that are now worthless is not new.  

[JayJuanGee]

Whats the scoop on trezor, can you move BCC directly to an exchange from there ? I wanna dump that garbage first thing tom morning

They are going to do a firmware update to the Trezor, and it will include some process to move the BCC to different addresses. No firm date when the firmware will be available. You may have to wait, and by that time, your BCC will probably be dust unless you have lots of BTC.

https://blog.trezor.io/bitcoin-cash-hard-fork-chain-split-safe-guide-abbe3e9c553f

Does ledger's coin splitting process occur more quickly?