[Guide] Handling splits: UASFs, BIP148, etc.

[bit1]

I can`t understand, why the devs make *shitty 1MB* Why they did`t set it about 2MB or maybe 20MB? What are they target?

Easy!  Would have had to be used a lot more storage space from the beginning, It would mean for example twice the size of what is now the BTC´s blockchain just talking about would have been 2MB block size from of start, which would be a waste. A greater capacity like 20MB in what to you  mention would lead to a rapid centralization probably,  Without to mention other technical problems.

[1715293680]

1715293680

[MEEMxyz]

Hi all,

I store my btc on blockchain(blockchain.info),but I wrote my private keys down in paper,both WIF and Base58 format.Is it safe during 1 Aug spilt?Thanks for reply!

Yes, they are. However, I would recommend you trying the private key on Electrum Wallet by importing them, and see that you get both your Bitcoin address and your BTC... just in case you got them wrong.

Remember: since wallets only hold public/private keys, not actual BTC you can have the same Bitcoin address on many wallets.

In my case, I have one specific BTC address in Blockchain.info wallet because I just love its feature that sends me an email whenever I get a payment on it, and that way it is easier for me to monitor payments.. and this same BTC address is in my laptop Electrum Wallet and on my full node Wallet at my office server. Note that I use Electrum because I do not have 140 GB of "free" space on my laptop, nor time to wait for full blockchain to download when need a quick transaction from there.

[sunny163]

can anyone tell on what things or basis we can see the split is going to happen or not ?

on % in http://segwit.co/ ?

[yugyug]

if btc split would really happen there a big chances that ETH will become the biggest crypto market value.

[OmegaStarScream]

http://segwit.co/ does it tells real stats?Does it mean only 43% miners signalled activation of segwit up to now?

The real statistics can be found here: https://www.xbt.eu/ because th site you are referring to is for SegWit and we are dealing with SegWit2x (BIP91) so It's not the same thing.

[NEVER.SELL.CRAVE....EVER]

http://segwit.co/ does it tells real stats?Does it mean only 43% miners signalled activation of segwit up to now?

The real statistics can be found here: https://www.xbt.eu/ because th site you are referring to is for SegWit and we are dealing with SegWit2x (BIP91) so It's not the same thing.

I guess here's better statistics:
https://coin.dance/blocks

[wajik-tempe]

http://segwit.co/ does it tells real stats?Does it mean only 43% miners signalled activation of segwit up to now?

The real statistics can be found here: https://www.xbt.eu/ because th site you are referring to is for SegWit and we are dealing with SegWit2x (BIP91) so It's not the same thing.

what will happen if BIP91 is active and whether there will be a split in the fear by everyone ?

[nor9854]

I read somewhere that 76% miners (hash rate) have signalled activation of BIP91 and if 80% signalled it,BIP91 will be implemented.
Does it means there will be no split till November?

[sunny163]

now around 80% are signaling and requirement is also 80 % now if see in the last day if the % of signaling is decreases towards bip 91 i think this things are going to manipulate by whales

[btvGainer]

I read somewhere that 76% miners (hash rate) have signalled activation of BIP91 and if 80% signalled it,BIP91 will be implemented.
Does it means there will be no split till November?

Yes if BIP91 is activated the SegWit, there will be no BIP148.

[OmegaStarScream]

Some questions are being asked multiple times, I found this picture on Coindesk and I thought It's worth sharing and It should explain everything:

[Chandu141]

This is indeed i was looking for. Thanks for caring to share!

[rkyass]

So it is safe to keep my btc in my ledger nano s during the hard fork?
thanks

[Kwelstr]

I want to study a scenario of a hard fork and how you can have coins on both chains. Does anybody have a good link explaing this? I am using Electrum as my wallet so I can get the private keys, but I am still unclear on how to tackle the situation. Any pointers appreciated.

[bitkokos2]

If someone has only altcoins like LTC (value $10,000) and there is a BTC split into two coins. Won't this affect the LTC value to become like $5,000 by the time of the split?

I think it will make all altcoins become half value in fiat.

[mindrust]

Some questions are being asked multiple times, I found this picture on Coindesk and I thought It's worth sharing and It should explain everything:

There is something wrong with this chart.

BitcoinABC will fork off on August 1 regardless of what happens till that date.
https://www.bitcoinabc.org/
https://www.bitcoincash.org/

This BitcoinABC is an altcoin of ViaBTC mining pool btw. They are also starting an exchange business and they'll start trading abccoins there. Sounds like a suicide to me tbh.

Another information: Coinbase declared that they won't be listing/supporting ABCcoins. So If you want to be able to dump your ABC coins on a later date, you better withdraw your coins from coinbase. (or from any other exchange)

[Yefet]

If someone has only altcoins like LTC (value $10,000) and there is a BTC split into two coins. Won't this affect the LTC value to become like $5,000 by the time of the split?

I think it will make all altcoins become half value in fiat.

Nope,
Firstly, because the winner of the BTC split (the coin chosen by the major users, ie exchanges and wallets) inherits the most part if not all of the initial value.
Secondly, the major alts, like ETH, LTC, DASH, XRP,  and all those traded on Chinese exchanges have good volume in fiat pairs and now do not depend heavily on alt/btc rates.

Another information: ... So If you want to be able to dump your ABC coins on a later date

So where we'll be able to dump 'em, only on ViaBTC?

[KNK]

This BitcoinABC is an altcoin of ViaBTC mining pool btw.

A smarter move on their side would be to start with a fresh blockchain as all alts do. By keeping the old chain they loose part of the exchange income of transferring BTC to their alt from supporters (if any) and will have faster transactions processing, because of smaller database, but that's only initially, as their database will grow faster (if used) and will became slow ... they could at least delay that.
By keeping the old blockchain they create artificial deflation from the unused old amounts, which they can do by simply starting with 25 instead of 50 coins. Premining from diff 1 up their available hashrate will create enough coins for their users to exchange BTC

[bitkokos2]

If someone has only altcoins like LTC (value $10,000) and there is a BTC split into two coins. Won't this affect the LTC value to become like $5,000 by the time of the split?

I think it will make all altcoins become half value in fiat.

Nope,
Firstly, because the winner of the BTC split (the coin chosen by the major users, ie exchanges and wallets) inherits the most part if not all of the initial value.
Secondly, the major alts, like ETH, LTC, DASH, XRP,  and all those traded on Chinese exchanges have good volume in fiat pairs and now do not depend heavily on alt/btc rates.

Thanks for the information.
I have just converted 80% of my coins into fiat. I will cross my fingers and wait to see how things will go.
Fiat is the only secure for me until things sort out.

[mindrust]

So where we'll be able to dump 'em, only on ViaBTC?

According to bitcoincash.org the options are viabtc and some other scam exchange named http://www.okex.com/