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

[arwani1985]

I wear a wallet electrum portable , it's good wallet

[KNK]

As I could see from the Coin Dance website, one of the blocks mined yesterday (block number 476909, relayed by CANOE) was not BIP 141 compatible. So what will happen to this block?

They still have time to upgrade - BIP91 (which they do signal too) is not activated yet, but if they do not upgrade in the next 95 blocks, they will mine invalid blocks

[HabBear]

hope the prices will sky rocket after aug 1st.

I assume prices will advance once this issue is behind us, if it goes well and all. But remember that the miners and those running nodes have until November to accept the proposed changes so we may not see real positive movement until the Fall.


And I just came across this resource, provides a great explanation of what you should do with your coins (totally non-technical for the newbies in the group).

You can access it here: https://news.bitcoin.com/this-happens-to-your-coins-during-a-bitcoin-hard-fork-and-possible-blockchain-split/

[Bitcoincy]

Thank you for your heads up! Now I can calm my nerves.

[Abiel]

This is great We will keep updating about what might happen after August 1st with your information! Hopefully everything appears normal and problems come up with this

[bitcoin-shark]

hope the prices will sky rocket after aug 1st.

i also hope it but i think first price will dump drastically down...

[KNK]

hope the prices will sky rocket after aug 1st.

i also hope it but i think first price will dump drastically down...

Just so we can buy more and cheaper

[Alphaz841x]

So can someone please clarify what is going on?

Is the date of August 1st still an important date at which we should stop trading bitcoin, or with BIP91 locked in did anything change?
I have money on coinbase and want to buy in a dip but can't say for sure if i'm in any kind of a risk buying after BIP91 locks in (which is tommorow) or after 1st of August now that BIP91 will be locked in earlier?

[achow101]

Is the date of August 1st still an important date at which we should stop trading bitcoin, or with BIP91 locked in did anything change?

August 1st no longer matters. BIP 91 locking in changes everything. Now what matters is that miners must actually enforce the rules that they activated. The new rules (all blocks must signal for segwit) will activate tonight, so that means that from that point forward, we could potentially have a forking event. This will be mitigated if people start running software that enforces the BIP 91 rules, but there are very few nodes that are.

I have money on coinbase and want to buy in a dip but can't say for sure if i'm in any kind of a risk buying after BIP91 locks in (which is tommorow) or after 1st of August now that BIP91 will be locked in earlier?

The risk begins after BIP 91 activates.

[Alphaz841x]

Is the date of August 1st still an important date at which we should stop trading bitcoin, or with BIP91 locked in did anything change?

August 1st no longer matters. BIP 91 locking in changes everything. Now what matters is that miners must actually enforce the rules that they activated. The new rules (all blocks must signal for segwit) will activate tonight, so that means that from that point forward, we could potentially have a forking event. This will be mitigated if people start running software that enforces the BIP 91 rules, but there are very few nodes that are.

I have money on coinbase and want to buy in a dip but can't say for sure if i'm in any kind of a risk buying after BIP91 locks in (which is tommorow) or after 1st of August now that BIP91 will be locked in earlier?

The risk begins after BIP 91 activates.

Thank you, your reply was very helpful. I've read a few articles too and understand mostly what's happening.

I guess it's a good idea to back off from buying anything now.
Hopefully coinbase withdrawal system is as good as the deposit one, although sucks to lose all these conversion fees.

[tradecoin.me]

The risk begins after BIP 91 activates.

Is it still safe to transfer bitcoins from online wallet to offline wallet?

[Alphaz841x]

The risk begins after BIP 91 activates.

Is it still safe to transfer bitcoins from online wallet to offline wallet?

Looks like it! BIP-91 activates in 53 blocks so you still have a few hours.

[tradecoin.me]

The risk begins after BIP 91 activates.

Is it still safe to transfer bitcoins from online wallet to offline wallet?

Looks like it! BIP-91 activates in 53 blocks so you still have a few hours.

After that what will happen?

[Alphaz841x]

The risk begins after BIP 91 activates.

Is it still safe to transfer bitcoins from online wallet to offline wallet?

Looks like it! BIP-91 activates in 53 blocks so you still have a few hours.

After that what will happen?

All nodes will stop accepting non-segwit blocks.

[Quickseller]

The risk begins after BIP 91 activates.

Is it still safe to transfer bitcoins from online wallet to offline wallet?

Looks like it! BIP-91 activates in 53 blocks so you still have a few hours.

After that what will happen?

All nodes will stop accepting non-segwit blocks.

Actually, nodes that are enforcing BIP 91 (there are not many) will stop accepting blocks that are not signaling for SegWit.

[akamit]

Do I still have the time to transfer bitcoin from blockchain to paper wallet?

[BINAYKR]

Do I still have the time to transfer bitcoin from blockchain to paper wallet?

I also want to know.

[tradecoin.me]

What about Blockchain, Kraken and Localbitcoins wallets. Are they safe?

[tradecoin.me]

what about the BitcoinCash split? a fork to >1MB blocks will happen with BitcoinCash on 08/01/2017 right?

Code:

       --> BTC
BTC --
       --> BCC

IMHO that's a new altcoin being born not a Bitcoin split. You will just start with some altcoins on that chain (if you own your private keys), which you may sell for profit or simply ignore.
Bitcoin will also fork to 2MB blocks later, but it will happen smoothly the same way we saw now with BIP91
https://i.imgur.com/yui49gf.jpg

So this means that the bitcoin will split on 5th November no matter what happens before?

[MyMoneyShark]

What a hell...
Still cant get it.
BIP 91 + BIP 148 = no hard fork, so why on the map it's still gonna be HF in november?