Consequences of the hardfork?

[Kvazimoda]

Everything will go back to normal after the small kinks and complications of a hard fork have been solved and patched. The greatest concern of it is the replay attacks. You better make sure that you have your coins intact in both chains. I wish someone would be nice enough to write a guide on how to do it. I dont want to hold my BTC in an exchange during the hard fork just to make sure I have them in both chains.

but core wont do it. they want to have their tx's free to be useable on another chain but not other chain used on their. thus cor users can double up but non-core users cant.(theoretically). basically core want to dominate and take advantage rather then protect themselves

I dont blame them with the other group trying to fork it all away from them. You have to admit that both sides have their own dirty tricks. One group wants to retain control while the other longs for it.

It's just a section of power and resources. I'm very sorry that bitcoin suffered this. It seems to me that because of these confusions, simple bitcoin holders may suffer.

[zoga]

The most positive for BTC: BTU gets dumped hard and is progressively abandoned or acquires the status of a standard altcoin, miners change back to BTC. That's what some are hoping in the Core group. If it comes true, then we can expect a continuation of the Bitcoin rally (>1000$ prices) and maybe Segwit will be relatively fastly approved.

[pinkflower]

Everything will go back to normal after the small kinks and complications of a hard fork have been solved and patched. The greatest concern of it is the replay attacks. You better make sure that you have your coins intact in both chains. I wish someone would be nice enough to write a guide on how to do it. I dont want to hold my BTC in an exchange during the hard fork just to make sure I have them in both chains.

but core wont do it. they want to have their tx's free to be useable on another chain but not other chain used on their. thus cor users can double up but non-core users cant.(theoretically). basically core want to dominate and take advantage rather then protect themselves

I dont blame them with the other group trying to fork it all away from them. You have to admit that both sides have their own dirty tricks. One group wants to retain control while the other longs for it.

It's just a section of power and resources. I'm very sorry that bitcoin suffered this. It seems to me that because of these confusions, simple bitcoin holders may suffer.

Its just a natural order of things in BTC I think. Who said decentralization was not going to be ugly? If an ordinary Bitcoin holder wants everything quiet and not chaotic them a centralized cryptocurrency might be for them.

[deisik]

I'm always reading about this Segwit BU problem that could lead to a hardfork.
At the moment i'm trying to get an overview about what both things would do with bitcoin.
But do we have some kind of time frame where the hard fork could happen?
I mean, are we talking about weeks, or years??

core plan on doing something before mid november 2017

non-core implementations are ignoring the bear pokes of 'fork off' and will continually and happily plod along and leave it up to bitcoins natural consensus to decide if non-core implementations activate. no deadlines, no threats. just leave it to consensus to decide. so far non-core implementations have been running for 2 years and not rocked the boat.

it has been core that have tried rocking the boat and pointing the finger at everyone apart from themselves. first it was other implementations who just laughed. now core have bypassed node vote. core are pointing the finger at pools (hypocritically after only giving the pools the vote in the first place)

So making someone reveal his inner self you call hypocritical?

At max, I would call it a cynical and deliberate approach, but, as the saying goes (it should be carved in stone), you cannot lie down with dogs without rising with fleas. Giving the vote right might have been necessary to reveal to the public eye the corruptness of the mining pools which are only claiming to be pro-Bitcoin while in reality they are exclusively pro-profit only. But since their days are numbered already (the days of mining as we know it today, more specifically), hiding their real self is no longer profitable for them (if not outright causing financial losses). You should understand that on this side there are no fools either. This is no kindergarten, this is no disneyland

[alyssa85]

For an idea of what will happen, look no further than ethereum.

Both ETH and ETC survived, the exchanges decided to list them both. Both are heavily traded, but ETH has the higher price. That in a nutshell is what will happen when BTC forks.

The other thing to note is that there will be a lot of volatility after the fork - both ETH and ETC plummetted just after their fork - it takes about a year to stabalise and for the price to return to it's pre-fork levels, and then people just carry on.

[deisik]

For an idea of what will happen, look no further than ethereum.

Both ETH and ETC survived, the exchanges decided to list them both. Both are heavily traded, but ETH has the higher price. That in a nutshell is what will happen when BTC forks

There's more important question to ask and answer

That is, is it wise to switch to something else other than Bitcoin for the time being (fiat or another cryptocurrency) so as not to get hit by possible Bitcoin dramatic devaluation or it might in fact be more profitable to keep bitcoins (or even buy more) since after the hack fork the number of your coins gets doubled? So in due course when everything settles down and the sun shines again, hefty profits may be booked since both currencies may cumulatively outperform the one that would be there if there were no fork at all. It is obvious now that you should move your coins to your personal wallet if you choose to stay with Bitcoin when the shit starts massively to hit the fan

[machinek20]

The one that i afraid if fork happened is the trust, if no more people believe in that coin after forking then it will be the end of that coin, and forking also can hurt the coin stability and the coin will be lost its value