Bitcoin Forum
October 22, 2017, 04:59:44 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: A bit of confusion regarding USAF / BIP148  (Read 228 times)
Gil80
Newbie
*
Offline Offline

Activity: 21


View Profile
July 18, 2017, 04:34:48 AM
 #1

Hi all,

I've read this part:


Quote
How do I prepare for BIP 148 if there is a split?

The most important thing you can do is perform your own network consensus by running a full-node and creating and storing your own private keys.

This means you will need to run a full-node for the legacy chain, likely Bitcoin Core, and a full-node for the BIP 148 chain, likely a fork of Bitcoin Core with the BIP 148 rules enforced.

This will put you in firm control of all decisions related to how you interact instead of having some third-party make those decisions for you.

Additionally, it is unknown how the legacy chain or the BIP 148 chain will be labeled.

This could lead to significant confusion in the marketplace so it is important for you to know exactly what you are buying or selling.

source: https://www.weusecoins.com/uasf-guide/

Why confused?
As a bitcoin owner, I'm not really sure what I should do. Currently, my BTC's are stored on Exodus wallet. I also have Ledger Nano S, but I didn't transfer my BTC over to my Ledger wallet.

What should I do?
Keep the coins where they are?
transfer them to Ledger wallet?

And after the 1st of September, what should I do then?


Thanks for the help!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508648384
Hero Member
*
Offline Offline

Posts: 1508648384

View Profile Personal Message (Offline)

Ignore
1508648384
Reply with quote  #2

1508648384
Report to moderator
1508648384
Hero Member
*
Offline Offline

Posts: 1508648384

View Profile Personal Message (Offline)

Ignore
1508648384
Reply with quote  #2

1508648384
Report to moderator
Smarty14392
Full Member
***
Offline Offline

Activity: 196



View Profile
July 18, 2017, 06:20:39 AM
 #2

There are many several posts raised for the same topic.
I will explain it in short
Understand this way.
In simple language,
BIP141-
It is the old Segwit solution implemented by 25% miners.
BIP91-
This is the new segwit2x solution. That is getting activated. This is the first step for 2mb block increase llimit.
BU-
Is the Bitcoin Unlimited showing support 31.9%.   

The second step for Segwit2x (after BIP91) will be BIP148 which will get activated on 1st August. This will require 80% support.

Iranus
Sr. Member
****
Offline Offline

Activity: 462


View Profile
July 18, 2017, 06:48:34 AM
 #3

Any wallet from which you can export your private keys is fine.  You can do that with Exodus.

With Ledger, you have a seed.  This is used to generate private keys, and it can be used in other wallets as well.

So either is okay.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!