Bitcoin doubler...

[lg1500]

not at all, there are many bitcoin doubler, tripler and even bitcoin 100x multiplier sites which claim to give you double,triple and 100x within 100 hours. But unfortunately, all are fake and these type of programs/website are pathetic attempts to steal your bitcoins.When you visit their website it will appear to you as it is a legit website with so many transactions but the truth is all the transactions are fake.

[jackg]

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)..

The difficulty dynamically changes based on the difficulty. It does take quite a few blocks for the difficulty to change but it will eventually change and go much lower. What goes up can come down and if we had stuck to the difficulty that satoshi used to mine his first block, we could gt a block by asics now in a fraction of a second!

[Come-from-Beyond]

It does take quite a few blocks for the difficulty to change

1008 blocks in average.

[odolvlobo]

The difficulty dynamically changes based on the difficulty. It does take quite a few blocks for the difficulty to change but it will eventually change and go much lower. What goes up can come down and if we had stuck to the difficulty that satoshi used to mine his first block, we could gt a block by asics now in a fraction of a second!

1008 blocks in average.

It could be months until the first change occurs. Also, there is a very important detail that might be overlooked. That is that the the difficulty can change by a maximum factor of 4. The difficulty may not immediately adjust to the new hash rate.

Let's look at some scenarios:

The worst case is if the difficulty adjustment happens at the same time as the fork.

New Hash Rate	| Difficulty Behavior
5%	| 40 weeks of 200 minute blocks, 10 weeks of 50 minute blocks, 2.5 weeks of 12.5 minute blocks
25%	| 8 weeks of 40 minute blocks
50%	| 4 weeks of 20 minute blocks

The best case is if the difficulty adjustment happens half way through the difficulty period.

New Hash Rate	| Difficulty Behavior
5%	| 20 weeks of 200 minute blocks, 10 weeks of 50 minute blocks, 2.5 weeks of 12.5 minute blocks
25%	| 4 weeks of 40 minute blocks
50%	| 2 weeks of 20 minute blocks

[Come-from-Beyond]

To release the tension a little:

[jackg]

The difficulty dynamically changes based on the difficulty. It does take quite a few blocks for the difficulty to change but it will eventually change and go much lower. What goes up can come down and if we had stuck to the difficulty that satoshi used to mine his first block, we could gt a block by asics now in a fraction of a second!

1008 blocks in average.

It could be months until the first change occurs. Also, there is a very important detail that might be overlooked. That is that the the difficulty can change by a maximum factor of 4. The difficulty may not immediately adjust to the new hash rate.

Let's look at some scenarios:

The worst case is if the difficulty adjustment happens at the same time as the fork.

New Hash Rate	| Difficulty Behavior
5%	| 40 weeks of 200 minute blocks, 10 weeks of 50 minute blocks, 2.5 weeks of 12.5 minute blocks
25%	| 8 weeks of 40 minute blocks
50%	| 4 weeks of 20 minute blocks

The best case is if the difficulty adjustment happens half way through the difficulty period.

New Hash Rate	| Difficulty Behavior
5%	| 20 weeks of 200 minute blocks, 10 weeks of 50 minute blocks, 2.5 weeks of 12.5 minute blocks
25%	| 4 weeks of 40 minute blocks
50%	| 2 weeks of 20 minute blocks

We're not going to get 50%.
Maybe 10%. But, once those blocks have been mined (if they have) then the hashrate will fully adjust.
The majority of blocks are mined under the average also (most between 8 and 9 minutes because there are blocks that take hours to mine - one took an hour and a half around 6 months ago).

[odolvlobo]

We're not going to get 50%.
Maybe 10%. But, once those blocks have been mined (if they have) then the hashrate will fully adjust.
The majority of blocks are mined under the average also (most between 8 and 9 minutes because there are blocks that take hours to mine - one took an hour and a half around 6 months ago).

If the BIP 148 fork has 10% of the pre-fork hash rate, then each block will take 100 minutes on average to mine. It will be that way for 10 - 20 weeks followed by 5 weeks of 25 minute blocks.

[jackg]

We're not going to get 50%.
Maybe 10%. But, once those blocks have been mined (if they have) then the hashrate will fully adjust.
The majority of blocks are mined under the average also (most between 8 and 9 minutes because there are blocks that take hours to mine - one took an hour and a half around 6 months ago).

If the BIP 148 fork has 10% of the pre-fork hash rate, then each block will take 100 minutes on average to mine. It will be that way for 10 - 20 weeks followed by 5 weeks of 25 minute blocks.

But once that period is over then it'll be back to 10 minutes. (Although I'm not sure how many miners are still using builds that won't support segwit - I think that's everything before 11 isn't it)?

[senin]

What will happen if, starting from August 1, bitkoin is doubled with the creation of a copy of it, it is impossible to say unambiguously. This new phenomenon in digital currency and how it will affect the practical use of bitcoin is difficult to predict. However, I somehow do not like it. First of all, because of possible confusion. Some people express the idea that the created copy should be destroyed, others allow them to walk on an equal footing and come up with names for them already. The first of August is close. We will see.

[BigBall]

Oh split will happent ?Oh I really didnt know that if it will be really happent I really dont know to be happy or not because I dont know do I will get profit from that or lose I will be very happy if I can double my money with that.

[Come-from-Beyond]

1   Bitcoin Bitcoin   $44,405,372,083   $2693.90   16,483,675 BTC   $1,256,530,000   -3.34%
2   Ethereum Ethereum   $20,805,068,656   $221.97   93,730,881 ETH   $963,958,000   2.39%
3   Bitcoin Cash Bitcoin Cash   $10,823,589,011   $656.69   16,482,113 BCH   $231,501,000   130.22%

Told Ya So  

[jaysabi]

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 

Remember when everyone said that about houses? "Can't lose money buying house." "Houses never drop in value." "Just buy a house and wait for a couple years, then flip it and count your money all the way to the bank."

It worked until it didn't. 2007/2008 was a rude awakening for folks trying to cash in with no work and little common sense. Don't be blind like those people.

Just wait for the start of the crash and buy of there instead (if there even is one).
And yes, there are many attempts people have taken to sayyou should buy certain assets and hold them for as long as possible, most of the time, market predicitions eventually fail at some point.

If anyone could reliably predict the start of a crash or the bottom of a dip, they'd be rich beyond measure. The fact that you can't is what creates uncertainty in investing. The fact is that the advice proffered is not actually followable, and anyone telling you they can predict such things is a charlatan. Smart people know better than to believe them.

[naveen5]

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

i hope this happens, as bitcoin price is touching the sky.
iam looking for ward for this bitcoin doubler, this might allow us to explore more in btc world

[jaysabi]

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

i hope this happens, as bitcoin price is touching the sky.
iam looking for ward for this bitcoin doubler, this might allow us to explore more in btc world

Well, you missed the doubler mate. It happened yesterday and there are now two distinct blockchains with different currencies competing for legitimacy.  May the best currency win, but also, I hope BCH dies a quick and inglorious death. Two currencies that do the same thing with only one slight technical difference (the size of the blocks) is not supported by market fundamentals. This split was orchestrated by a vocal minority, and now I think they will very much try to claim themselves as the legitimate chain, and any fight for legitimacy has the potential to get nasty.

[Tyrantt]

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

i hope this happens, as bitcoin price is touching the sky.
iam looking for ward for this bitcoin doubler, this might allow us to explore more in btc world

Well, you missed the doubler mate. It happened yesterday and there are now two distinct blockchains with different currencies competing for legitimacy.  May the best currency win, but also, I hope BCH dies a quick and inglorious death. Two currencies that do the same thing with only one slight technical difference (the size of the blocks) is not supported by market fundamentals. This split was orchestrated by a vocal minority, and now I think they will very much try to claim themselves as the legitimate chain, and any fight for legitimacy has the potential to get nasty.

Didn't BCH already flop? I've read here somewhere earlier that the mining stopped at the 17th block or have I misread it? However, it seems like a simple pump and dump, something to made money in the first few weeks of august.

[jackg]

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

i hope this happens, as bitcoin price is touching the sky.
iam looking for ward for this bitcoin doubler, this might allow us to explore more in btc world

Well, you missed the doubler mate. It happened yesterday and there are now two distinct blockchains with different currencies competing for legitimacy.  May the best currency win, but also, I hope BCH dies a quick and inglorious death. Two currencies that do the same thing with only one slight technical difference (the size of the blocks) is not supported by market fundamentals. This split was orchestrated by a vocal minority, and now I think they will very much try to claim themselves as the legitimate chain, and any fight for legitimacy has the potential to get nasty.

Didn't BCH already flop? I've read here somewhere earlier that the mining stopped at the 17th block or have I misread it? However, it seems like a simple pump and dump, something to made money in the first few weeks of august.

No, I think it's still being mined.
It's only really ViaBTC and Bitmain that are mining it though currently (it might get more people but for now it's just them).

[whitemacna]

It's more that two copies of the same bitcoin will be created (one with segiwt and one without). While it is needed to activate segwit, there should be a way created that completely destroyes the other bitcoin.It probably will happen that it will break into two blockchains, as I'm not sure how much hashpower will be behid the non-segwit bitcoin but all it takes it one core to be mining the currency (on an incompatable) segwit release and then thre will be the separate currency creasted (much less power and userbase behind it but still a separate chain) - and it doesn't take much to get that second chain running.