Bitcoin doubler...

[Mahanton]

...will be launched on the 1st of August. Are you happy with this?

Its not actually doubler but a dupe or cloning. I have a mixed feelings on this one which i dont really know on what i gonna supposed to do since i do have some bitcoins on my cold wallet if that August 1 event would split those bitcoins then it would be .5 .5 would happen to my bitcoin? Im not really too familiar on this split thats why im somehow excited for this event to come and now we are already seeing bitcoins price is slowly or gradually decreasing overtime which i really dont like to see it that way.

[Come-from-Beyond]

You have not answered my question, if 95% of miners signal SegWit2x, how would fork take place?

There has to be some form of decision making in BTC community, miners have invested millions into their gear, they relay transactions and secure the network. They have a lot to lose if BTC gets destroyed.
Who else should have a decision making rights? An average Joe holding 0.2 BTC? How would this work?

Users will be using the both chains, they have monetary incentive to do that.

[Mtoo]

Hi

...will be launched on the 1st of August. Are you happy with this?

as you know people every where afraid  for trying something  new but i'm Not wary about that  ........cheer

[odolvlobo]

You have not answered my question, if 95% of miners signal SegWit2x, how would fork take place?

Since UASF nodes reject blocks not signaling segwit, they will fork on the first block not signaling segwit starting August 1st. If 95% of blocks signal segwit, then 1 out of 20 do not. UASF nodes will fork on August 1 unless there is some rule I am not aware of.

[crazyivan]

You have not answered my question, if 95% of miners signal SegWit2x, how would fork take place?

There has to be some form of decision making in BTC community, miners have invested millions into their gear, they relay transactions and secure the network. They have a lot to lose if BTC gets destroyed.
Who else should have a decision making rights? An average Joe holding 0.2 BTC? How would this work?

Users will be using the both chains, they have monetary incentive to do that.

Really. Who s gonna "fuel" the 4% chain? Who s gonna protect it from double spending and forks? Do you even know how blockchain technology works? Do you know anything about longer and shorter chains?

Unless situation changes and miners split on this decision, THERE WILL BE NO SUSTAINABLE FORK. At least no fork which ll exist more then 2 weeks. Not to mention what ll happen to UASF nodes and forked coin once community understand this chain will not survive. It ll get dumped to oblivion.

Yet, people still do not understand that. I guess every education need to get paid. I dont mind you selling BTC, I m just sorry you ll be very, very upset once you understand you sold your coins, fork did not happen and the price skyrocket back.

The stock market is a device for transferring money from the impatient to the patient. – Warren Buffett

SegWit2x support is currently at 87.7% and growing day by day. This is the single almost unanimous support we ve ever had in BTC.

https://coin.dance/blocks

[Come-from-Beyond]

Really. Who s gonna "fuel" the 4% chain? Who s gonna protect it from double spending and forks? Do you even know how blockchain technology works? Do you know anything about longer and shorter chains?

I read about that in Wiki, to my understanding it will look this way:

Users will be sending transactions on the both chains. Weaker one will be mining blocks with longer intervals until difficulty adjustement makes it easier. In the meanwhile the users will be accepting transactions with more than 6 confirmations, for example, 25.

[crazyivan]

Really. Who s gonna "fuel" the 4% chain? Who s gonna protect it from double spending and forks? Do you even know how blockchain technology works? Do you know anything about longer and shorter chains?

I read about that in Wiki, to my understanding it will look this way:

Users will be sending transactions on the both chains. Weaker one will be mining blocks with longer intervals until difficulty adjustement makes it easier. In the meanwhile the users will be accepting transactions with more than 6 confirmations, for example, 25.

It s very simple, the network does not move without miners. Without miners, there re no confirmed transactions. If there s one chain with 95% of the hashrate and miners, this will be a Bitcoin and this one will retain the price. The other chain will not have sufficient number of miners to protect and move the chain, it will be prone to attacks and forks. Plus it will be clear that s just an alt Bitcoin, which means users will dump that coin big time to oblivion. Nobody ll have an incentive to use it or mine it. Plus it will be a shorter chain.

All in all, it will not survive as a viable BTC competition. That s why all those hoping to see a second Bitcoin are wrong.

Not to mention by SegWit2x lock period, which ll take place next Friday, I expect miner support to go over 95%. Cause the alternative is simply stupid to them.
For us, users, it might even be viable. For miners, it s very, very stupid not to support SegWit2x if everyone else does.

[Come-from-Beyond]

It s very simple, the network does not move without miners.

We'll have 4% of the miners.

[crazyivan]

It s very simple, the network does not move without miners.

We'll have 4% of the miners.

Well, not really.

Cause miners will not be mining an unprofitable coin.

Why all SHA256 miners mine Bitcoin and not Tigercoin for example? Cause Tigercoin s an alt and it s worth next to nothing. So all miners will switch to the chain which is actually Bitcoin.
What happened with ETH cannot be repeated cause ETH did not have 95% of the miners swinging one side.

All this is just speculation IMHO and those who ll lose re noobs and weakhands panic selling their coins. It will set back the entire crypto community as well since nobody profits from instability but speculators.

[Come-from-Beyond]

Well, not really.

Cause miners will not be mining an unprofitable coin.

Why all SHA256 mine Bitcoin and not Tigercoin for example? Cause Tigercoin s an alt and it s worth next to nothing. So all miners will switch to the chain which is actually Bitcoin.

It's unknown if one of the chains will become unprofitable.

[crazyivan]

Well, not really.

Cause miners will not be mining an unprofitable coin.

Why all SHA256 mine Bitcoin and not Tigercoin for example? Cause Tigercoin s an alt and it s worth next to nothing. So all miners will switch to the chain which is actually Bitcoin.

It's unknown if one of the chains will become unprofitable.

Ok, let break this myth to pieces again. If you have 10 BTC and you get 10 BTC on alternative BTC2 chain secured by 4% of miners which could fork or get attacked any moment, what would u do with those BTC2 chain coins? You d dump them as soon as possible. What happens with the price when faced with instability, attacks and dumping?

Where is profitability there?

[noictib]

...will be launched on the 1st of August. Are you happy with this?

Here is am happy and sad both , because I am.facing many types of the fears  but not terrible .
Here the with news of the launching of segqit2x results into down the price of the btc and made my earnings down .
And also due to fear ,I have just stopped my trading at every exchange , because I am thinking that may be any
Problem may be arise , so I have just stopped to avoid himself from every type of the problems .
But beside these I am happy because Here we get option to choose another better altcoin like the Bitcoin .
Overall we will.have option to have another btc to make earnings .
So total I am not happy and not sad , and hoping that everything should go good without any problem .

[Come-from-Beyond]

Ok, let break this myth to pieces again. If you have 10 BTC and you get 10 BTC on alternative BTC2 chain secured by 4% of miners which could fork or get attacked any moment, what would u do with those BTC2 chain coins? You d dump them as soon as possible. What happens with the price when faced with instability, attacks and dumping?

Where is profitability there?

Attack success chance is a function of the number of confirmations you wait, this is why I mentioned 25 confirmations upthread. Do you think the other 96% of the miners stop mining just to revert 25 blocks of the weaker chain?

[SMSabuj]

I have voted on "I have mixed feelings". Because I don't know what is the Bitcoin Doubler? If you explain it more that will be very helpful for me to understand.

[doomloop]

this will be way worse than the ETH drama split.. just get your FIAT ready and buy the super cheap bitcoins, and wait for 6 months, and bam you are wealthy 

no doubt bitcoin is a supper currency it can make you rich in a very short time, when you start using bitcoin you will be able to know how to invest and how to start a good business in bitcoin so if you buy some bitcoins and then hold your bitcoin for the long time you will get a good profit but you will have to keep an eagle eye on the pump and dump of the bitcoin market prices.

[trecore4]

No question about it. Don't trust the bitcoin doubler system though someone tells me about it in true way or whether they show me its proof. I have bad experience with them. I would better sell myself to earn money. Lols.

[TTITA]

this will be way worse than the ETH drama split.. just get your FIAT ready and buy the super cheap bitcoins, and wait for 6 months, and bam you are wealthy 

no doubt bitcoin is a supper currency it can make you rich in a very short time, when you start using bitcoin you will be able to know how to invest and how to start a good business in bitcoin so if you buy some bitcoins and then hold your bitcoin for the long time you will get a good profit but you will have to keep an eagle eye on the pump and dump of the bitcoin market prices.

that's is the way to invest many way into doubling way and places

[sobsitesearch]

No question about it. Don't trust the bitcoin doubler system though someone tells me about it in true way or whether they show me its proof. I have bad experience with them. I would better sell myself to earn money. Lols.

Most or all of the bitcoin doubler is a scam, i do not know why some bitcoin users invest on that kind of method evem they know that is a huge possibility to scam their investment. That is why i just keep telling to my friends that they need to avoid that kind of investment.

[jackg]

No question about it. Don't trust the bitcoin doubler system though someone tells me about it in true way or whether they show me its proof. I have bad experience with them. I would better sell myself to earn money. Lols.

Most or all of the bitcoin doubler is a scam, i do not know why some bitcoin users invest on that kind of method evem they know that is a huge possibility to scam their investment. That is why i just keep telling to my friends that they need to avoid that kind of investment.

Look at the link in my personal message and educate yourself a bit.
Otherwise you may lose out from the split.

Go here

[odolvlobo]

Attack success chance is a function of the number of confirmations you wait, this is why I mentioned 25 confirmations upthread. Do you think the other 96% of the miners stop mining just to revert 25 blocks of the weaker chain?

25 confirmations is going to take a long time with only 4% of the hash power -- 6250 minutes, or 4 days.

Anyway, I don't think any miner will attack the BIP 148 chain. It would be no less costly than attacking Bitcoin (assuming that they are successful and BIP 148 coins become worthless)..