CAUTION: If the exchange you are using doesn't list BIP148 you are being SCAMMED

[BillyBobZorton]

If the exchange or service you are using does not list BIP148 coins after august 1st, you are being effectively scammed, since if you are keeping the coins there, the split will happen anyway, but they are not giving you the opportunity to manage your own money, so most likely they will keep the 148 coins for themselves and act as if nothing happened.

Be aware that if BIP148 gains traction, the legacy coins would disappear and you would lose all money.

Demand all exchanges and services to list BIP148, and if they don't, point at the fact that they are scammers.

Get all of your coins back in your Bitcoin Core wallet before august 1st to guarantee you get the coins on both chains.

[1714891912]

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[thejaytiesto]

Exchanges that don't prepare for this are going to go bankrupt. Look at the ETH/ETC clusterfuck. If BIP148 actually wins and people lose their money, they are going to need to pay millions to customers in loses. Coinbase would go out for sure.

Anyone not holding their coins on a full validating node is a god damn moron at this point. If you trust anything but your own full validating node you are a pushover.

[swogerino]

I only keep a very small amount on exchanges so I am good about it. This is a great advice for people who are daily traders and are forced to keep the majority of their coins in the exchanges they do the trading. I also think that anyone should withdraw their coins to a wallet of their choice in which they have control over the coins and this should be done at least a few days before the August 1.

[pedrog]

Aren't miners the ones forking with the Bitcoin SegWit2x?

[jonald_fyookball]

you guys are funny.  exchanges aren't going to support bip148 because they would be forking themselves from the main chain.

[cellard]

Aren't miners the ones forking with the Bitcoin SegWit2x?

Miners will never do anything to scale bitcoin because it would mean they lose money on fees, which is why bitcoin can only scale by force (UASF)

you guys are funny.  exchanges aren't going to support bip148 because they would be forking themselves from the main chain.

This is nonsense. UASF is happening august 1 independently on what you think about it. If you have customers holding BTC in your exchange and you don't give them their equivalent of holdings in the UASF chain, you are robbing them. If UASF wins, it will end badly for those not supporting UASF coins.

[matrix zion]

oh... I have to say I don't understand everything quite well ^^

But the idea is that there is a chance for a fork in august?
So that we'll have a BTC1 and a BTC2?

Then I'll just be careful about withdrawing my btc, whatever what the exchange says it'll be much safer I guess.

[ebliever]

Aren't miners the ones forking with the Bitcoin SegWit2x?

Miners will never do anything to scale bitcoin because it would mean they lose money on fees, which is why bitcoin can only scale by force (UASF)

you guys are funny.  exchanges aren't going to support bip148 because they would be forking themselves from the main chain.

This is nonsense. UASF is happening august 1 independently on what you think about it. If you have customers holding BTC in your exchange and you don't give them their equivalent of holdings in the UASF chain, you are robbing them. If UASF wins, it will end badly for those not supporting UASF coins.

Jonald thinks Exchanges don't want to handle multiple coins... think about why exchanges exist. LOL. This will be a profit opportunity for them.

[ebliever]

oh... I have to say I don't understand everything quite well ^^

But the idea is that there is a chance for a fork in august?
So that we'll have a BTC1 and a BTC2?

Then I'll just be careful about withdrawing my btc, whatever what the exchange says it'll be much safer I guess.

https://bitcoinmagazine.com/articles/bitcoin-beginners-guide-surviving-bip-148-uasf/

August 1 is Bitcoin Independence Day.

[BillyBobZorton]

Aren't miners the ones forking with the Bitcoin SegWit2x?

Miners will never do anything to scale bitcoin because it would mean they lose money on fees, which is why bitcoin can only scale by force (UASF)

you guys are funny.  exchanges aren't going to support bip148 because they would be forking themselves from the main chain.

This is nonsense. UASF is happening august 1 independently on what you think about it. If you have customers holding BTC in your exchange and you don't give them their equivalent of holdings in the UASF chain, you are robbing them. If UASF wins, it will end badly for those not supporting UASF coins.

Jonald thinks Exchanges don't want to handle multiple coins... think about why exchanges exist. LOL. This will be a profit opportunity for them.

Exactly. Exchanges will list anything that allows them to rack up fees, and this will surely create for some good fee racking opportunity.

But this is beyond some altcoin fee racking operation, we are talking about the possibility of UASF coin winning and then every exchange that didn't list UASF coins would have lost MILLIONS to all the holders of legacy coins that don't get UASF coins.

They are forced to list BIP148 coins, anything else is a recipe for disaster.

Sorry, but the only way to stop this is if miners signal segwit, and they will not, so get ready.

[Kprawn]

The end result of this is going to be a division between miners on the one side and services on the other. The smart miners will go towards BIP148,

because it will be the dominant path in the future. The BIP148 will surely create some panic amongst some users, but it's just a small learning

curve and then it is back to normal business.  ..... We need to move forward, even if some people are going to be left behind. 

[Rufsilf]

How can i know that the exchange that i'm using is supporting BIP148 and what are the wallets that also supports BIP148 aside from bitcoin core wallet because that wallets takes a lot of years before you sync it.

[jonald_fyookball]

They are forced to list BIP148 coins, anything else is a recipe for disaster.

Sorry, but the only way to stop this is if miners signal segwit, and they will not, so get ready.

if there's a split, sure they might list it as an altcoin "uasf-coin". 

[Wind_FURY]

Can anyone speculate how much of the total hashing power would be behind UASF? Would it be good to assume that the 30% that are signalling Segwit now would all support UASF?

30% would surely cause a split.

[cr1776]

As of a few days ago, coinbase support recommended people move their coins off coinbase prior to August 1:

Eric - Coinbase support:

When Ether forked into ETH and ETC, we provided a way for our customers to withdraw ETC for a limited time--as a courtesy. But we only supported one chain moving forward.

There is no guarantee that we will do the same for future forks, as we consider each fork individually. A decision on BIP148 has not been made yet.

As @Gleezy said, the best advice is to withdraw your coins before the fork to your own wallet. Then you have complete freedom with your coins after the fork occurs.

https://community.coinbase.com/t/what-is-coinbases-plan-regarding-bip148/15391

[Scoremaster]

Seems like it would be safer to not use exchanges as we get closer. Better to be smart than to keep it om exchanges.

[franky1]

Can anyone speculate how much of the total hashing power would be behind UASF? Would it be good to assume that the 30% that are signalling Segwit now would all support UASF?

30% would surely cause a split.

UASF itself causes a split... deemed as a hard bilateral split*
which is:
much much worse than a hard contentious upgrade
much much much worse than a hard consensual upgrade

* technically if its User activated (non mining) then its a hard bilateral split, not soft
but if they want to pretend its 'soft' (not user related) then its actually MAST not UASF

but core do love playing buzzword games to stroke people to sleep with false pretenses of soft cushions and fluffy clouds

[Wind_FURY]

They are forced to list BIP148 coins, anything else is a recipe for disaster.

Sorry, but the only way to stop this is if miners signal segwit, and they will not, so get ready.

if there's a split, sure they might list it as an altcoin "uasf-coin". 

They can call it what ever they want, but those coins should be in their customers' control if there is a split.

[franky1]

They can call it what ever they want, but those coins should be in their customers' control if there is a split.

if your funds are in an exchange you have no control..
learn lessons from 8 years of "we Been hacked bankruptcies"

you can only HOPE they do the honourable thing.

[Wind_FURY]

Can anyone speculate how much of the total hashing power would be behind UASF? Would it be good to assume that the 30% that are signalling Segwit now would all support UASF?

30% would surely cause a split.

UASF itself causes a split... deemed as a hard bilateral split*
which is:
much much worse than a hard contentious upgrade
much much much worse than a hard consensual upgrade

* technically if its User activated (non mining) then its a hard bilateral split, not soft
but if they want to pretend its 'soft' (not user related) then its actually MAST not UASF

But would it not also depend on how much hashing power is behind it? What if there is only a total of 5% or less supporting it?

but core do love playing buzzword games to stroke people to sleep with false pretenses of soft cushions and fluffy clouds

Why bring Core into this? They are against UASF if I am not mistaken.