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Author Topic: Bitcoin after 1st august = Unstoppable?  (Read 2722 times)
Variogam
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July 09, 2017, 02:39:37 PM
 #21

Is it safe to say that? assuming that everything will go as planned, UASF SegWit2x will get activated and everyone will switch to it and support it. (both services and individuals with more nodes etc.)


I had to fix it for you, as there is very little support for UASF BIP148. On the other way, SegWit2x has good service support.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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July 09, 2017, 02:44:19 PM
 #22

As long as something happens and moves bitcoin forward it will be a win in terms of future proofing bitcoin.

Bitcoin has been stale for way too long already, it's time to move on.

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July 09, 2017, 02:59:32 PM
 #23

I agree with you, Segwit is the first step to a global, by many people used currency. If it is as fast as Visa,... it can be implemented in everyday life and if it is implemented in everyday life, price will rise and more features will come (f.e. smart contracts)

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July 10, 2017, 09:57:36 PM
 #24

Is it possible, the issue of August is deliberately made to keep balance the bitcoin, so that the purchase price is not too over the selling point. So the bitcoin value will rise steadily.

If it is gonna be just like the bitcoin we can really rely on then I think It will be unstoppable, if we are not gonna rely on miners and fees would become lesser but I have a doubt with it because of the risk that is involve, but I am still looking forward that even if bitcoin would split I only wish that it can still be the same bitcoin as of now, the bitcoin you can surely trust and can surely earn a lot from it!
well it’s another thing that bitcoin has changed the whole theory of its use and of the user that bitcoin is increasing its space and time each and every day so we cannot say that we are afraid of august it will be a good day as others were .

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July 10, 2017, 10:01:59 PM
 #25

Is it safe to say that? assuming that everything will go as planned, UASF will get activated and everyone will switch to it and support it. (both services and individuals with more nodes etc.)

If everything goes as envisaged then probably bitcoin will reach a new height after 1st August and probably everything will be back to normal. People who are frustrated about the long confirmation time, will get some relieve.

So I see it as a great time to buy more bitcoins because you may not have the same price after that date and you will have to shell out more money for the same amount of bitcoin compared to today's price. I am still in accumulation mode and will continue to do so.

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July 10, 2017, 10:08:20 PM
 #26

I think all the hype around it is not needed, bitcoin will stay the same and nothing will happen, maybe a slight decrease of value but nothing else

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July 12, 2017, 06:28:36 AM
 #27

I think all the hype around it is not needed, bitcoin will stay the same and nothing will happen, maybe a slight decrease of value but nothing else

I think bitcoin will stay forever, bitcoin now have slightly decrees its market value, I think more people are afraid of these August 1 bitcoin split!

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July 12, 2017, 06:49:13 AM
 #28

Is it possible, the issue of August is deliberately made to keep balance the bitcoin, so that the purchase price is not too over the selling point. So the bitcoin value will rise steadily.

If it is gonna be just like the bitcoin we can really rely on then I think It will be unstoppable, if we are not gonna rely on miners and fees would become lesser but I have a doubt with it because of the risk that is involve, but I am still looking forward that even if bitcoin would split I only wish that it can still be the same bitcoin as of now, the bitcoin you can surely trust and can surely earn a lot from it!
well it’s another thing that bitcoin has changed the whole theory of its use and of the user that bitcoin is increasing its space and time each and every day so we cannot say that we are afraid of august it will be a good day as others were .
we an also conclude from the price of bitcoin that there will no such bad think happen about bitcoin, because the investors are still confident and they are still investing money in bitcoin, while those people who already have bitcoin they are saving it and holding for the future.

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July 12, 2017, 07:05:06 AM
 #29

SegWit2x looks like won't ready before 1st August since SegWit2x testnet failure, so i UASF should have more support and will be activated and will become majority chain if block/chain split happen.
But i think we still need lots of upgrade which allow bitcoin network process hundred of transaction every second while still decentralized before bitcoin is really unstoppable.

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July 12, 2017, 07:30:25 AM
 #30

I think all the hype around it is not needed, bitcoin will stay the same and nothing will happen, maybe a slight decrease of value but nothing else

I think bitcoin will stay forever, bitcoin now have slightly decrees its market value, I think more people are afraid of these August 1 bitcoin split!
a little bit uncertainty it s there but i do no think that people still too much confident about the price of bitcoin. and therefore the price of bitcoin is still trading above 2300$ level. hope everything will become normal very soon.

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July 12, 2017, 07:36:54 AM
 #31

Is it safe to say that? assuming that everything will go as planned, UASF will get activated and everyone will switch to it and support it. (both services and individuals with more nodes etc.)

There is only a chance of this happening if the hard fork/segwit goes as planned and doesn't flop. There is a chance of the total opposite happening, and bitcoin failing miserably after august the first. Right now, bitcoin is dropping in price as due to pre segwit panic, and how people are thinking that segwit will kill bitcoin, while in my opinion it will do the exact opposite. The hype that is related to segwit is a bit annoying, since there is a high chance of nothing happening to bitcoin, except a small price change. I would recommend not selling right now, and holding your bitcoin, since there is a chance of bitcoin rising super high after segwit, and I would take that chance.


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July 12, 2017, 07:38:41 AM
 #32

hopefully everything goes well, for the sake of my bags.. but nobody really knows, theres always that one bastard who has to screw evreything for everyone  Tongue
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July 12, 2017, 07:54:10 AM
 #33

A big yes, mate!

After this temporary hiatus which is basically to improve everything there is in bitcoin, the price will soar like an eagle.  Wink

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July 12, 2017, 08:02:43 AM
 #34

if the exchange and merchants that are currently accepting bitcoin, don't switch to it(segwit), then it's all lost, we remain with 1mb like we are now, which is what miners want i think

but anyway bitcoin have experienced a bad crash in the past already, even if it crash heavy now it's not something out of the ordinary, and will not be worse than 2014 dump

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July 12, 2017, 08:19:34 AM
 #35

if the exchange and merchants that are currently accepting bitcoin, don't switch to it(segwit), then it's all lost, we remain with 1mb like we are now, which is what miners want i think

but anyway bitcoin have experienced a bad crash in the past already, even if it crash heavy now it's not something out of the ordinary, and will not be worse than 2014 dump

Miners want to stay at 1mb? If that's the case then why they are proposing SegWit2X in order to get both SegWit and block size increase, and according to coin.dance, they have the needed hashing power.


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July 12, 2017, 08:28:58 AM
 #36

Is it safe to say that? assuming that everything will go as planned, UASF will get activated and everyone will switch to it and support it. (both services and individuals with more nodes etc.)

We should not assume, look at the truth, people are still arguing, this will lead to the division of bitcoin, and the value of bitcoin will certainly decrease.

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July 12, 2017, 08:43:11 AM
 #37

Is it safe to say that? assuming that everything will go as planned, UASF will get activated and everyone will switch to it and support it. (both services and individuals with more nodes etc.)

We should not assume, look at the truth, people are still arguing, this will lead to the division of bitcoin, and the value of bitcoin will certainly decrease.

most of these people who are arguing are either idiots who don't understand what is going on and just love to argue and win an argument to feel good or they are shills doing this for some hidden agenda and in order to create chaos.
some are even altcoin pumpers who think they can gain some foothold if they harm bitcoin.


 
 
 
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krishnapramod
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July 12, 2017, 11:06:18 AM
 #38

SegWit2x looks like won't ready before 1st August since SegWit2x testnet failure, so i UASF should have more support and will be activated and will become majority chain if block/chain split happen.
But i think we still need lots of upgrade which allow bitcoin network process hundred of transaction every second while still decentralized before bitcoin is really unstoppable.

Either through Segwit2x or UASF, bitcoin would have Segwit activated by August 1. The glitch in Segwit2x testing was attributed to mempool being empty due to testnet and someone intentionally messing up with the chain before the developers intended to start the test, but yeah the concern over how the mainnet deployment plays out is real. The whole coding process of Segwit2x has been a rushed affair, if some serious bugs pop up when it is added into the main network then there would be serious implications for the whole bitcoin community.

UASF is a much safer option than Segwit2x, but it looks it would be Segwit2x activating Segwit, the hard fork isn't a matter of concern right now, most probably it wouldn't even happen.

Yeah once Segwit gets activated further side solutions can be implemented to make bitcoin unstoppable. Segwit is the stepping stone.

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July 12, 2017, 11:47:43 AM
 #39

Is it safe to say that? assuming that everything will go as planned, UASF will get activated and everyone will switch to it and support it. (both services and individuals with more nodes etc.)

Maybe for a few weeks, months or years but Altcoins will always do anything just to beat bitcoin in terms of price. they need to try harder because bitcoin is getting much popular nowadays so it will still be on top for a longer years

In terms of price?
What is that?

The shitcoins can get higher in price per coin can get higher in price as marketcap (see Mediterranean coin) but never ever have hey matched the acceptance and usage of bitcoin.

With bigger blockchain capacity the ltc advantage is reduced to the faster blocks.
Thing that can also be done with bitcoin, although I really doubt it.

What can shitcoins do other than bitcoin? Except bankrupting noobs?

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July 12, 2017, 12:32:56 PM
 #40

What can shitcoins do other than bitcoin? Except bankrupting noobs?

to be fair there are a lot of good features in many of the altcoins (i won't name any because i will be accused of advertising it) but if you look around among them and look at their white papers and read the details of the good projects not just see the price you can see there are many innovations there too.
none of them have yet succeeded at anything though. and i believe th reason for it is because of their price and how it becomes a toy in the hands of pumpers.


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