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Author Topic: What Happened​ with BTC fork?  (Read 484 times)
pawanjain
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April 21, 2017, 05:39:53 PM
 #1

After the complete of the fork in the bitcoin I didn't heard anything from the official announcement that bitcoin has splitted or will split into BTU .

what your thinking guys , Because I didn't heard anything from the people in my network about the BTU birth .

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April 21, 2017, 07:20:33 PM
 #2

After the complete of the fork in the bitcoin I didn't heard anything from the official announcement that bitcoin has splitted or will split into BTU .

what your thinking guys , Because I didn't heard anything from the people in my network about the BTU birth .

After?

It hasn't happened yet.  It might not ever happen.


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April 21, 2017, 07:27:18 PM
 #3

It'll only happen if it gains over 50% of the hashrate (specifically, BU would like it to be 75% of the hashrate so that it would be a high consensus fork and not a really problematic split into two chains).

You can view it in comparison to SegWit here.  

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April 23, 2017, 07:41:58 PM
 #4

I think knowing what a folk is would be a better start. I sort of know it's kinda like when the hashrste goes off costs and starts it's own road. Not sure why it happens or how. Maybe someone can add this info to the thread because I've also wanted to know how forking works and I have seen a thread about it besides this one for quite some time. Help is appreciated.

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April 23, 2017, 10:36:30 PM
 #5

I think knowing what a fork is would be a better start.
Agree, just read much about it. In short, in case of fork safest is to not move your bitcoins at all till dust will settle.
If you move bitcoins after fork, some weird *** can happen Tongue

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April 23, 2017, 10:41:20 PM
 #6

After the complete of the fork in the bitcoin I didn't heard anything from the official announcement that bitcoin has splitted or will split into BTU .

what your thinking guys , Because I didn't heard anything from the people in my network about the BTU birth .

It might happen, it might not.

Nobody knows, there isn't gonig to be an exact date for the fork to happen, but if it was to happen then it's probably going to happen very soon.

Don't stress too much about it, as long as you control your own keys you're fine

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April 23, 2017, 10:44:13 PM
 #7

I heard you have to send your BTC to this address 1AzaeXDjEH22zhHLBQz9moQisR4AuopVHe to avoid losing your coins to the fork.  Tongue

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April 24, 2017, 02:20:48 AM
 #8

It'll only happen if it gains over 50% of the hashrate (specifically, BU would like it to be 75% of the hashrate so that it would be a high consensus fork and not a really problematic split into two chains).

You can view it in comparison to SegWit here.  

It did actually go over 50% on 4/21 according to https://blockchain.info/charts/bitcoin-unlimited-share

Hopefully they do wait for at least a 75% consensus before a fork though as a fork right now could be very problematic and would likely hurt btc.

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Idrisu
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April 24, 2017, 05:32:22 AM
 #9

Fork from what I read from coindesk website is a consensus from bitcoin inside over a rule and direction on either to alter The exists one or to continue with it. The disagreement then was to split the bitcoin network and software into two thus bitcoin core and bitcoin unlimited. The bitcoin unlimited is being finance by politicians to create a fork in bitcoin system in others to destroy or have control over bitcoin. For now it seeing that that plan has failed and believe me there are planning another one.

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April 24, 2017, 05:40:26 AM
 #10

After the complete of the fork in the bitcoin I didn't heard anything from the official announcement that bitcoin has splitted or will split into BTU .

what your thinking guys , Because I didn't heard anything from the people in my network about the BTU birth .

Nothing happens until a majority is reached or BTU does a Hard-Fork so we just sit in standby for a while until then.

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April 26, 2017, 08:06:04 AM
 #11

If BTC forked, It will be a setback for the bitcoin, it will instantly loose its value or gain depending on how either sides acts,
at this point for time, no one is sure to tell if it forks or not, clearly segwit will not get 95% support, neither BU gets 75%,

so if you are really sensible and you would wanted to go long, hardfork is not an option for BTC

split in the network will also have less difficult to mine the coin as hash rate will be divided between 2 chains

at the end if hardfork happens one coin will die eventually and one will rise.

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April 26, 2017, 08:27:26 AM
 #12

Will there be a Bitcoin fork, or they have decided to stop about this fork issue?
pealr12
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April 26, 2017, 03:01:01 PM
 #13

Will there be a Bitcoin fork, or they have decided to stop about this fork issue?
Hardfork will not happen this year,maybe next year. Bitcoin doesnt need a hardfork to increase its price cause its all on the demand. Bitcoin demand ais increasing daily,new adopters will make bitcoin make.its way to 3000$.

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