Electrum and 1st of August.

[SVK]

What is it with you people and this imaginary 1st of Aug fork?

When will any of you learn?

It's not a hard fork, it's an user activated soft fork, those little eyes pricks are bluffing for this same reason> make you panic and when people panic they

Will do stupid things such as selling their old stash, you just save address with it's key and go to another star system and come back, you'll find your coins

In the same condition as before you left this planet.

I have read that there will be 2 bitcoins and 2 blockchains from 1st of August.

As I wasn't involved in BTC for long time it creates uncertainty in me.
BTC is BTC and that BTC has one blockchain.

Someone missed the train and didn't adopt at the start is now trying to make up for it by splitting BTC so he can get rich as quickly as possibly.
Not my problem he didn't adopt = go and create another coin and leave BTC alone.

1st August  = 2 different BTC coins and 2 different blockchains.

Now which of these two blockchains and coins would our original BTCs belong to ?
Divide and conquer.
 

[1500006216]

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[Red-Apple]

I have read that there will be 2 bitcoins and 2 blockchains from 1st of August.

the accurate statement is:
there might be 2 blockchains after 1st of August.

Now which of these two blockchains and coins would our original BTCs belong to ?

the one that can gain the support from majority.
or we will have 2 half ass blockchains with the price of both crashing hard!

[User365]

So I should have my bitcoin core client closed for a few days after August 1st ? Or opened ?

[btcdevil]

I think implementing Segwitx2 is not forking and it is not related to any dual blockchain. but it will start to accept high block size so that transactions get fast confirmed on low fees also.

So it is much better that if you are a long term holder then dont do anything to your wallet , just keep the backup of your wallet and do other things what you were doing from past , after August 1 just see how the things are going and then try to do some things after some weeks as if they implemented segwit then they will face some problem in the starting and when everything sorted out you can do other things.

[freebutcaged]

~Snip

I have read that there will be 2 bitcoins and 2 blockchains from 1st of August.

As I wasn't involved in BTC for long time it creates uncertainty in me.
BTC is BTC and that BTC has one blockchain.

Someone missed the train and didn't adopt at the start is now trying to make up for it by splitting BTC so he can get rich as quickly as possibly.
Not my problem he didn't adopt = go and create another coin and leave BTC alone.

1st August  = 2 different BTC coins and 2 different blockchains.

Now which of these two blockchains and coins would our original BTCs belong to ?
Divide and conquer.
 

Where did you hear perhaps from an infamous little eyes Wu? now hear it from me, he knows that he has a large mining company and his words

Could have great impacts on people's mindset and could change their decisions, that is why he is abusing that power and since he wants more money

He has orders filled already down to $1000 even if people were selling millions of coins that's his plans because he already has invested millions

Of dollars so what would be the next thing? having as many Bitcoins as possible. and usually others will divide you to conquer like what they're

Doing with Shia and Sunny Muslims. Wu is an insider he wouldn't divide himself, unless, unless of course someone has a gun to his head forcing

Him to do a hard fork that is a whole different story.

[mrayazgul]

What is it with you people and this imaginary 1st of Aug fork?

When will any of you learn?

It's not a hard fork, it's an user activated soft fork, those little eyes pricks are bluffing for this same reason> make you panic and when people panic they

Will do stupid things such as selling their old stash, you just save address with it's key and go to another star system and come back, you'll find your coins

In the same condition as before you left this planet.

I have read that there will be 2 bitcoins and 2 blockchains from 1st of August.

As I wasn't involved in BTC for long time it creates uncertainty in me.
BTC is BTC and that BTC has one blockchain.

Someone missed the train and didn't adopt at the start is now trying to make up for it by splitting BTC so he can get rich as quickly as possibly.
Not my problem he didn't adopt = go and create another coin and leave BTC alone.

1st August  = 2 different BTC coins and 2 different blockchains.

Now which of these two blockchains and coins would our original BTCs belong to ?
Divide and conquer.
 

Now where is that news that we have two Bitcoins and two blockchains. Nothing has been finalized as yet and nothing is gonna crash. Do not try to create unnecessary Panic among the holder of bitcoins.
Bitcoin will never crash !!!

[lite]

So I should have my bitcoin core client closed for a few days after August 1st ? Or opened ?

AFAIK, it doesn't matters if your wallet is closed or opened.

What is it with you people and this imaginary 1st of Aug fork?

When will any of you learn?

It's not a hard fork, it's an user activated soft fork, those little eyes pricks are bluffing for this same reason> make you panic and when people panic they

Will do stupid things such as selling their old stash, you just save address with it's key and go to another star system and come back, you'll find your coins

In the same condition as before you left this planet.

I have read that there will be 2 bitcoins and 2 blockchains from 1st of August.

As I wasn't involved in BTC for long time it creates uncertainty in me.
BTC is BTC and that BTC has one blockchain.

Someone missed the train and didn't adopt at the start is now trying to make up for it by splitting BTC so he can get rich as quickly as possibly.
Not my problem he didn't adopt = go and create another coin and leave BTC alone.

1st August  = 2 different BTC coins and 2 different blockchains.

Now which of these two blockchains and coins would our original BTCs belong to ?
Divide and conquer.
 

I'm not so sure about that, there will be only one bitcoin in case of a fork, other one(fork) will be labeled as altcoin. anyways you don't have to worry about fork as long as you keep your coins in a wallet with full control(electrum,core,mycelium).

[SVK]

Thanks everyone for your help

Not trying to create any panic but that's how I understood what is going to happen on 1st of August.
I might be wrong and understood it all wrong and all will be same as before.

I'm going to leave everything as is and was for 4 years and see what happens.

[SVK]

I have read that there will be 2 bitcoins and 2 blockchains from 1st of August.

the accurate statement is:
there might be 2 blockchains after 1st of August.

Now which of these two blockchains and coins would our original BTCs belong to ?

the one that can gain the support from majority.
or we will have 2 half ass blockchains with the price of both crashing hard!

Thank you for explanation/correction

So today's BTC will belong to (for example) blockchain A or B ?
How would I know to which blockchain it will belong to ?
(I'm not adopting anything and would like to stick to the same blockchain we had so far)

Thank you

[SVK]

A Bitcoin Beginner’s Guide to Surviving a Coin-Split

There is a chance Bitcoin will experience a coin-split soon. If a majority of miners (by hash power) switch to Bitcoin Unlimited and decide to mine blocks bigger than one megabyte, while at least some users stick to the current Bitcoin protocol, the network and blockchain can split in two. In that case, there may be two different types of Bitcoin tokens: "BTC," which follows the current Bitcoin protocol, and "BTU," which follows the new Bitcoin Unlimited protocol.

http://www.nasdaq.com/article/a-beginners-guide-to-surviving-a-coin-split-cm764421

[Minecache]

I have read that there will be 2 bitcoins and 2 blockchains from 1st of August.

the accurate statement is:
there might be 2 blockchains after 1st of August.

Now which of these two blockchains and coins would our original BTCs belong to ?

the one that can gain the support from majority.
or we will have 2 half ass blockchains with the price of both crashing hard!

Thank you for explanation/correction

So today's BTC will belong to (for example) blockchain A or B ?
How would I know to which blockchain it will belong to ?
(I'm not adopting anything and would like to stick to the same blockchain we had so far)

Thank you

If the chain splits you will have BTC on both chains A and B. If it happens just leave your wallet alone but monitor the situation closely until the dust settles and devs update their wallet software to allow you to spend on both chains. The worst thing you could do is panic and lose your BTC on one of the split chains from a replay attack. Read about how it happened last year during Ethereums hard fork. It might help you understand. Right now there is nothing to be panicking about.

[CyberKuro]

How about blockchain wallet and August 1st? Everyone who use that wallet shouldn't do anything but just export private key too?
Before all of that, is there anyone here who confident of blockchain will  split into two different chain?
Whether segwit2x will reach enough approval from majority of miners and be activated?

[nerioseole]

August 1st = Y2K bug FUD

For those too young to remember - google it!

Bitcoin can't fork anymore - it is too big to fork...

And in the unlikely event that it will fork - the difficulty will cause both chains to die.  All miners know that. Only one chain can survive. Bitcoin is not a kiddy chain like ETH...