What is happening August 1?

[Shawns]

Hello everyone,

I have heard from some people that the first of August "Judgementday" is for bitcoin. What happens on that day?

I googled around and found that it is possible that I lose all my coins if I dont control my private keys?

Please tell me more!

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[2bfree]

Hello everyone,

I have heard from some people that the first of August "Judgementday" is for bitcoin. What happens on that day?

I googled around and found that it is possible that I lose all my coins if I dont control my private keys?

Please tell me more!

I heard that before as well and it didn't come true.

[CARrency]

Hello everyone,

I have heard from some people that the first of August "Judgementday" is for bitcoin. What happens on that day?

I googled around and found that it is possible that I lose all my coins if I dont control my private keys?

Please tell me more!

More like a splitting of network. Bitcoin will be split into two, Bitcoin and Bitcoin Classic. Like Ethereum, there is ETH and ETC. It is a possible that you may lose your coins, but that has low possibility, as I've read some posts, your bitcoin wallet can be make yout coins safe. You don't need to worry unless you've made some transactions before it happens. So it is safe as long as you don't move your bitcoin on August, we all just need to wait.

[bamboylee]

BIP 148 will happen. It is a uasf or user activate soft fork. It is not 100% that the chain will split, but if not enough miners signal support, the chain will split. It is advised that  you move your bitcoins into a safe wallet; a wallet that  you control your the private keys. If you leave your coins in the exchange, if ever there is a split,  there is a possibility you will not get the other coin.

[Slow death]

BIP 148 will happen. It is a uasf or user activate soft fork. It is not 100% that the chain will split, but if not enough miners signal support, the chain will split. It is advised that  you move your bitcoins into a safe wallet; a wallet that  you control your the private keys. If you leave your coins in the exchange, if ever there is a split,  there is a possibility you will not get the other coin.

 

This is true? I'm in a place where the internet is very slow so i do not access the news sites i just go here in the forum and some other sites

But is it true that will have bitcoin classic or is this a joke?

[electronicash]

why am i not informed about this, i thought its just BU but there's also bitcoin classic?  i guess this can affect us all even to those not bitcoin holders.

what i do know though is that ICN is going to released their platform on august 1 and its going to moon. and finally we all could have access to the ICNX and ICNP. August 1 is definitely a good day to trade. so prepare you btc.

[Qartada]

BIP 148 will happen. It is a uasf or user activate soft fork. It is not 100% that the chain will split, but if not enough miners signal support, the chain will split. It is advised that  you move your bitcoins into a safe wallet; a wallet that  you control your the private keys. If you leave your coins in the exchange, if ever there is a split,  there is a possibility you will not get the other coin.

But is it true that will have bitcoin classic or is this a joke?

"Bitcoin Classic" is just a name we're using to refer to the original Bitcoin (the one we're using now).

People who say that are pretty much assuming that the BIP 148 chain will be relevant, and that if it is it will be listed as the main Bitcoin.  Whether that's true mainly depends on exchanges and merchants.

I suppose the comparison comes from Ethereum and Ethereum Classic.

i thought its just BU but there's also bitcoin classic?

Bitcoin Unlimited has not happened.