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

[ByteFree]

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?

The idea is to "grow" the size with the "technology", to keep your blockchain on a portable device, to keep it "democratic" and "decentralized". The original idea was not for Bitcoin to replace Visa in transaction processing.

If you make it 20MB, the limit will be reached in no time (by attacks or otherwise).  And you'll be facing the same problem.

Making it "unlimited" is doomed for failure.  Positive feedback, really.  You are not solving the underlying problem: how to control the growth.

The algorithm should control the human behavior, i.e. how users use Bitcoin, not the other way around.

You do not adjust the algorithm to accommodate user wants/wishes.  Algorithm should dictate how the Bitcoin will grow or be used.

The support for "unlimited" blocks is strong enough to fracture bitcoin into two currencies.  That is fine.  Just wait to see the "unlimited version" fail, naturally.  I think the core developers got this right, very mature of them.  They are not some yahoos who learned how to code in their parents basements.

Not to worry, keep your chain/wallet on a portable device, offline, and you'll be fine.  In worse case, you'll end up with two chains/wallets.

After this is over, the price of bitcoin core will zoom to new heights.

Thanks for post) no more questions. Hope we go to future)

[MyMoneyShark]

So if Electrum alright with all kinds of forks, so how to get all kinds of BTC forks under control and sell all forks then?

[aesma]

Hold your coins until the dust settles. If there is a fork and one coin doesn't die, then exchanges will start to list one of them as an altcoin, like with ETH and ETC.

[kokoriko]

Could someone make a list of the safe wallets? And maybe also pin it on the first message of the topic starter!

i am now downloading a bootstrap.dat file in order to sync up my fresh Bitcoin-Qt installation with the network.

If electrum is in the list of the "safe" wallets, how is it safe since it might be using the "wrong" blockchain after the possible split? Or is it just because it lets me extract the private keys and therefore i am able to use them in any type of wallet i want anyway?

highly appreciate your quick insighful reply because i need to move fast (i suppose)

Electrum has said they will support all forks if forks happen.

However that doesn't really matter. You must own the private key of your BTC, that's what matters.

If a fork happens and survives, you will look at the wallet situation at that moment, and use the right one.

Whatever wallet you're using now will have to be upgraded anyway.

So electrum is fine? I can drop my downloading Bitcoin-Qt action?

[Chandu141]

i am keeping my btc on core wallet V0.14.2 and i see this Warning: Unknown block versions being mined! It's possible unknown rules are in effect

are my coins safe on my local core wallet ??

[achow101]

i am keeping my btc on core wallet V0.14.2 and i see this Warning: Unknown block versions being mined! It's possible unknown rules are in effect

read https://bitcointalk.org/index.php?topic=2027513.0

are my coins safe on my local core wallet ??

yes.

[psihotoc]

A lot of useful information learned for himself. Thank you for creating this topic!

[captainmilko]

any idea what coins will be best as an alternative to bitcoin im asking because i sore my coins in ripple gate hub and dont want to lose my earnings. i know you can exchange ripple to bitcoin in gate hub eek im lost

[lisasteca]

hope it will be fine with the split but at this moment i did invest all my btc on litecoin! hope i did the right choise. goodluck to everyone

[theymos]

I added a list of OK wallets.

Although you should technically be able to get your keys from all of them, some of them might require a third-party tool, and I wanted to indicate those with italics. But I only briefly searched through their source code. Can someone who actually uses them confirm that there is a backup/export option for Electrum on mobile, Mycelium, Copay, Bitcoin Wallet for Android, breadwallet, ArcBit on desktop, and Bither on desktop; and that there is not a backup/export option for Bither on mobile, ArcBit on mobile, and coin.space?

[Chandu141]

i am keeping my btc on core wallet V0.14.2 and i see this Warning: Unknown block versions being mined! It's possible unknown rules are in effect

read https://bitcointalk.org/index.php?topic=2027513.0

are my coins safe on my local core wallet ??

yes.

Thank you for telling me the good news sir.

[Adriano2010]

Hi. If i have my bitcoin passphrase stored(backup) my bitcoin are safe for recover/spend after 1 August?

[btvGainer]

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

[bs.glory]

Why is it that coins.ph are not included here? Although it is a good sum up of what is happening for chain split in your thread (https://bitcointalk.org/index.php?topic=2012799.0) Thank you very much.

[freigeist]

I added a list of OK wallets.

Although you should technically be able to get your keys from all of them, some of them might require a third-party tool, and I wanted to indicate those with italics. But I only briefly searched through their source code. Can someone who actually uses them confirm that there is a backup/export option for Electrum on mobile, Mycelium, Copay, Bitcoin Wallet for Android, breadwallet, ArcBit on desktop, and Bither on desktop; and that there is not a backup/export option for Bither on mobile, ArcBit on mobile, and coin.space?

Hello

Thanks for the list.
Under web wallets I do not see https://wallet.counterwallet.io/
although it can export the private keys.

Is this wallet also OK or is there any particular reason why it should not be used
even if the private keys can be exported?

[theymos]

Under web wallets I do not see https://wallet.counterwallet.io/
although it can export the private keys.

Is this wallet also OK or is there any particular reason why it should not be used
even if the private keys can be exported?

I only listed wallets that made it through the bitcoin.org wallet review process. Other wallets might or might not be OK, though I wouldn't recommend other wallets to people just starting out, at least. If you can export your private keys, then it should be OK from the perspective of the Aug 1 thing, though I don't know anything about its safety in other areas.

[schyter]

If you like me and you cannot download the bitcoin desktop wallet, can you use the private keys( from a paper wallet or blockchain.info) to get both cryptos from both chains in the event of a chain split?
what about the android wallet of bitcoin?

[User705]

I have the private keys for multibit HD. Will that work out for me well?

Probably not. MultiBit HD does not allow you to choose which nodes you are connected to so you won't be able to choose which chain you want to use and transact on. It does not provide the (slightly) advanced functionality required to split your coins either.

As long as you have the private keys wouldn't you be able to import that to another wallet post split? 

[tekyboy]

Usual precise and detailed info. Well done and keep it up

[aiying715]

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!