Afraid of August One?

[pokemail4me]

how could it split if segwit support is above 80% ?

It won't and the fear of a split is all FUD and even UASF has no real economic or miner support behind it. What is going to happen is that segwit will get adopted and everyone will forget about these small things and be happy once the price shoots up.

why is UASF a problem if it is mean to support segwit (the majority, nowadays)

[BitHodler]

how could it split if segwit support is above 80% ?

Support only means that when pools mine a block, that they include a 'message' saying I support this or that ~ at this point it doesn't hold any value.

Certain pools that signal support for SegWit2X, also happen to do so for Emergent consensus (Bitcoin Unlimited). We'll only find out what's going to happen when it's actually happening.

[sebr1ng]

Maybe a stupid question - I have a blockchain.info BTC wallet - is it safe to transfer my BTC there before 1st August and wait or is it better to get another wallet just to be safe? Thanks!

[patimahsunda]

We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?

I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.

This is very simple thing , you should think that lot of amount of the Bitcoin are hold by the owner of the Bitcoin , so what will happ if the network of the blockchain will face problem , I mean we don't need to worry much about this , and instead of this some preacuation should be taken by us .
1) Before 1 August transfer your all Bitcoin at the blockchain wallet .
2) If you have Bitcoin then transfer only Bitcoin to your address of blockchain also  .
3) don't make transaction like things from any of the Bitcoin wallet .
4) Make backup of your wallet of the blockchain before the 1 August  .
If you will do these things , then I don't think that you need to worry anything ways , because you are in official ways and platform and nothing is problem in the official wallets

Thank you for the advice. I will do as you suggest. I hope everything is fine for me.

[xfaqs01]

We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?

I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.

"United we stand divided we fall"
I think the main problem that were about ti face is if the bitcoin connunity will be divided, after segwit, hardfork big148 or whatever term u may call on bitcoin software upgrade the conmunity should stay united, but what if chain split occur? Which will you suport? What are your actions? We are clouded with uncertainties until august 1 will pass. Hold your horses, take precautions, observe and wait..

[DOGE12321]

Yeah I have to confess that I am a tad bit afraid about August 1. The hardfork may screw up the Bitcoin network or deliver it a massive boost. Hopefully, developers get behind Segwit. We should see a price increase then. However, if they don't Bitcoin is in for massive price corrections.

I already invested in Ethereum and Litecoin to avoid the hard-fork. I still have to transfer some Bitcoin to Ethereum, but I think I may keep the rest; backed up and safe.

Now all I can do is wait and worry.

[Russlenat]

Yeah I have to confess that I am a tad bit afraid about August 1. The hardfork may screw up the Bitcoin network or deliver it a massive boost. Hopefully, developers get behind Segwit. We should see a price increase then. However, if they don't Bitcoin is in for massive price corrections.

I already invested in Ethereum and Litecoin to avoid the hard-fork. I still have to transfer some Bitcoin to Ethereum, but I think I may keep the rest; backed up and safe.

Now all I can do is wait and worry.

I think this August 1 is just net propaganda and for me I have nothing to worry about it. But I can't argue some people to be panic because they hold huge amount of bitcoin, we just see then what is happen on that said date.

[Windpower]

We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?

I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.

While I am nervous, I am also quite excited at the same time. I don't think that I'm afraid to be honest. As August 1 is quickly approaching and segwit is pretty much 100% going to be activated, the price seems to be rising. I think that people are finally investing into Bitcoin as they know a big change is about to happen that will make Bitcoin a lot better and is 1 step towards it becoming a mainstream and legal currency for many countries.

Maybe a stupid question - I have a blockchain.info BTC wallet - is it safe to transfer my BTC there before 1st August and wait or is it better to get another wallet just to be safe? Thanks!

It is definitely not a good idea to keep any of your Bitcoin in an online wallet. I don't know about blockchain but most of the other online wallet companies haven't released statements on whether they will accept both forms of code after the fork. I would recommend either a software or hardware wallet that has already been confirmed to accept both codes. I know that ledger and trezor will, so I am all good with my ledger H.W.1.

[Casabrandy]

Yeah I have to confess that I am a tad bit afraid about August 1. The hardfork may screw up the Bitcoin network or deliver it a massive boost. Hopefully, developers get behind Segwit. We should see a price increase then. However, if they don't Bitcoin is in for massive price corrections.

I already invested in Ethereum and Litecoin to avoid the hard-fork. I still have to transfer some Bitcoin to Ethereum, but I think I may keep the rest; backed up and safe.

Now all I can do is wait and worry.

I think this August 1 is just net propaganda and for me I have nothing to worry about it. But I can't argue some people to be panic because they hold huge amount of bitcoin, we just see then what is happen on that said date.

I don't see too the logic on why people are on panic because of bitcoin split, A hard fork might occur? Are you kidding. Bitcoin split blockchain will boost the current speed of transaction and this is a good sign. Folks nowadays are drinking coffee too much  that's why there are always a major panic whenever a minor changes will occur.

[Sadlife]

If there is an split sell the other coin and buy more of tglhe original, i guess the mining pools are tired of this bitcoin scaling issue and may have lost resources to be able to do this decision. I hope there not idiots to be agreeing to something that might lose them lots of money. I would still keep my bitcoins in the same place or convert it into fiat currency as that site has thst kind of functionality. I dont worry about bitcoin because it has face countless tragedies many times just keep calm and trust in bitcoin. This currency is not like any other altcoin this digital currency is strong.

[szpalata]

Yeah I have to confess that I am a tad bit afraid about August 1. The hardfork may screw up the Bitcoin network or deliver it a massive boost. Hopefully, developers get behind Segwit. We should see a price increase then. However, if they don't Bitcoin is in for massive price corrections.

I already invested in Ethereum and Litecoin to avoid the hard-fork. I still have to transfer some Bitcoin to Ethereum, but I think I may keep the rest; backed up and safe.

Now all I can do is wait and worry.

I think this August 1 is just net propaganda and for me I have nothing to worry about it. But I can't argue some people to be panic because they hold huge amount of bitcoin, we just see then what is happen on that said date.

I don't see too the logic on why people are on panic because of bitcoin split, A hard fork might occur? Are you kidding. Bitcoin split blockchain will boost the current speed of transaction and this is a good sign. Folks nowadays are drinking coffee too much  that's why there are always a major panic whenever a minor changes will occur.

Exactly, I don't think we should entertain fear and panic because of August one possible splitting, we've come a long way and a solution is needed. We need to tweak things a little in order to stand a chance of finding a possible solution. I don't think we should entertain fear now.

[Schuyler]

For as long as what happens in August 1 contributes to a better experience for users, I am all for it. It might not be something that everyone could agree into but if it benefits the majority, then let's give our support. What happens in August 1 is just the start of series of events to unfold and I am really looking forward to it even though the results may not be certain right now, but steps need to be taken for bitcoin to continue its development.

[sebr1ng]

Maybe a stupid question - I have a blockchain.info BTC wallet - is it safe to transfer my BTC there before 1st August and wait or is it better to get another wallet just to be safe? Thanks!

It is definitely not a good idea to keep any of your Bitcoin in an online wallet. I don't know about blockchain but most of the other online wallet companies haven't released statements on whether they will accept both forms of code after the fork. I would recommend either a software or hardware wallet that has already been confirmed to accept both codes. I know that ledger and trezor will, so I am all good with my ledger H.W.1.

Thank you - I'll give one of them a try!

EDIT: What software wallets do you recommend that support both code? Thanks again!

[South Park]

We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?

I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.

I’m not afraid but I’m cautious the problem is not that segwit is going to be activated, that is fine, the problem is that the miners want to make a hard fork, and there is nothing to see at the moment, segwit was tested for a long time before it was a viable solution and now the miners seems to want to hard fork in a fast track, that could kill bitcoin if there is a bug in the code.

We should just need to be positive because everything will be okay after the august one because bitcoin will just get some upgrades on its system and it might be a good cause for bitcoin or bad because there will be a split in the chain but the only thing that i am sure is, it will have a little dump of the price because of the similar scenario with this title, the people are afraid so they will just sell their bitcoins.

If users affraid on what will happen in that date i think thry need to sell their bitcoin that is simple solution to be made. But me i will hold my bitcoin what ever happen because i beleived that bitcoin will not leave us instead their value will start to increase more due to more adoption will come. Just wait and relax.

There is a difference between being afraid and losing confidence in bitcoin, I think another reason people are afraid is simply that people are always afraid of something they do not understand and bitcoin is so complex that many of us do not understand it fully and any big change to the code is always met with some degree of fear that something may go wrong.

[xingming]

if i was going to spit ball, I would say you could possibly cut your SC and LBC holdings by 50%, and pick up one or two more alts, but that could hurt as much it would help you. Just the only suggestion i could think off. you have a much more balanced portfolio than me!

[xfaqs01]

if i was going to spit ball, I would say you could possibly cut your SC and LBC holdings by 50%, and pick up one or two more alts, but that could hurt as much it would help you. Just the only suggestion i could think off. you have a much more balanced portfolio than me!

i agree to this, an alternative way if you dont have a safe wallet, better buy alcoins before august 1

[NorrisK]

I'm not afraid at all. I have always had a diverse crypto portfolio, so if something goes completely wrong I can fall back on my other coins (assuming they don't get hit too much by a bitcoin freefall).

Furthermore, I'm just happy stuff is getting done.

[RudyCenJia]

Is it really going to rise in the month of August 1st? If the time will rise, better buy when it comes down in July this end because it will be very profitable if in August august will rise.

[chocolah29]

We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?

I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.

This is very simple thing , you should think that lot of amount of the Bitcoin are hold by the owner of the Bitcoin , so what will happ if the network of the blockchain will face problem , I mean we don't need to worry much about this , and instead of this some preacuation should be taken by us .
1) Before 1 August transfer your all Bitcoin at the blockchain wallet .
2) If you have Bitcoin then transfer only Bitcoin to your address of blockchain also  .
3) don't make transaction like things from any of the Bitcoin wallet .
4) Make backup of your wallet of the blockchain before the 1 August  .
If you will do these things , then I don't think that you need to worry anything ways , because you are in official ways and platform and nothing is problem in the official wallets

Thank you for the advice. I will do as you suggest. I hope everything is fine for me.

yes these are all precautions in the upcoming hard fork like its better to be safe than sorry.
its better to do these even if the activation will be succesful or not. stop spreading some fud about the splitting of coin as it brings some confusions to the community.

[KennyR]

We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?

I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.

This is very simple thing , you should think that lot of amount of the Bitcoin are hold by the owner of the Bitcoin , so what will happ if the network of the blockchain will face problem , I mean we don't need to worry much about this , and instead of this some preacuation should be taken by us .
1) Before 1 August transfer your all Bitcoin at the blockchain wallet .
2) If you have Bitcoin then transfer only Bitcoin to your address of blockchain also  .
3) don't make transaction like things from any of the Bitcoin wallet .
4) Make backup of your wallet of the blockchain before the 1 August  .
If you will do these things , then I don't think that you need to worry anything ways , because you are in official ways and platform and nothing is problem in the official wallets

Thank you for the advice. I will do as you suggest. I hope everything is fine for me.

yes these are all precautions in the upcoming hard fork like its better to be safe than sorry.
its better to do these even if the activation will be succesful or not. stop spreading some fud about the splitting of coin as it brings some confusions to the community.

Not really, the confusion happens with the users who make the participation into bitcoin activities with hesitation. One who makes a better understanding will never panic on situation of splitting or other hard fork issues. Because in reality such issues have been overcome by bitcoin in the past and has benefited the one who stayed with it holding tightly.