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Author Topic: [2017-07-17] The Biggest Mining Pool is Now Signaling to Keep Bitcoin Whole  (Read 3842 times)
Terraformer
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July 18, 2017, 09:30:29 AM
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BIP91 blocks have been successfully mined by BiXin and Antpool helping to allay fears that Bitcoin could split in the face of incompatibility between rival Segwit2x and BIP148 implementations.

BIP91 (or Bitcoin Improvement Proposal 91) is the work of software engineer James Hilliard, it addresses incompatibilities between the competing SegWit2x and BIP148 protocols. Both bring SegWit to Bitcoin, except that SegWit2x refuses communication with BIP148, which would effectively cause Bitcoin to split in two.


What’s BIP91?

BIP91 seeks to address this problem by enabling SegWit2x and BIP148 to communicate. However, in order for BIP91 to be successful it must also be adopted by a significant number of mining pools in order to successfully activate. Activation of any of these SegWit improvements to Bitcoin need to gain a significant proportion of the Bitcoin network hashpower (80%) to be generated by miners and mining pools.


Full article http://bitcoinist.com/mining-pool-signal-bitcoin-whole/

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July 18, 2017, 10:03:53 AM
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Oh.. So this was the reason behind the 20% price rise today. I had suspected it when I saw the chart and now it is confirmed. I am happy, because I don't need to move my coins from the exchange wallet now.

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July 18, 2017, 11:08:08 AM
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It's looking promising. A lot of orange in there.
https://www.xbt.eu

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July 18, 2017, 12:01:00 PM
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Bwpool has now joined the bip91 club, too. 476371.

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July 18, 2017, 01:15:27 PM
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Oh.. So this was the reason behind the 20% price rise today. I had suspected it when I saw the chart and now it is confirmed. I am happy, because I don't need to move my coins from the exchange wallet now.

I am also surprised for a little surge of Bitcoin value...just hours after I converted my Bitcoin into fiat money thinking that it can go down as low as $1800...yet it is now almost $2,000. It is bad for my decision but I am happy for Bitcoin since I still have some coin somewhere.

I am hoping that this must be it...we could say that there is really no need for a split because this has been the very source of all fear and apprehensions lately affecting the value of Bitcoin across all exchanges.

Let's watch and see how Bitcoin can be behaving from this day forward to the end of the month and into August 1. If we can make this information official then am sure that Bitcoin will jump by leaps and bounds and can fuel a new resurgence never seen before in its history.

richardsNY
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July 18, 2017, 02:52:52 PM
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I am happy, because I don't need to move my coins from the exchange wallet now.

It only makes a chain split less likely, and that's really it. In order to be on the safe side, it is still a wise option to withdraw your Bitcoins from any exchange. Aside from the chain split speculations, it doesn't cost any significant effort to withdraw your coins back to your own wallet -- not sure why you make it seem like a relief that you don't have to do so. I always keep my coins off exchange, and so should others if they aren't trading or whatever....

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July 18, 2017, 03:11:44 PM
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I am happy, because I don't need to move my coins from the exchange wallet now.

It only makes a chain split less likely, and that's really it. In order to be on the safe side, it is still a wise option to withdraw your Bitcoins from any exchange. Aside from the chain split speculations, it doesn't cost any significant effort to withdraw your coins back to your own wallet -- not sure why you make it seem like a relief that you don't have to do so. I always keep my coins off exchange, and so should others if they aren't trading or whatever....

Yeah.Whatever the news coming out, bear in mind that journalists need to make quotas and analysts need to remind people they're busy. But the precaution stands. Keep your coins safe and wait for this period to be over.

Wait and see.

peter0425
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July 18, 2017, 04:01:43 PM
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Oh.. So this was the reason behind the 20% price rise today. I had suspected it when I saw the chart and now it is confirmed. I am happy, because I don't need to move my coins from the exchange wallet now.

I am also surprised for a little surge of Bitcoin value...just hours after I converted my Bitcoin into fiat money thinking that it can go down as low as $1800...yet it is now almost $2,000. It is bad for my decision but I am happy for Bitcoin since I still have some coin somewhere.

I am hoping that this must be it...we could say that there is really no need for a split because this has been the very source of all fear and apprehensions lately affecting the value of Bitcoin across all exchanges.

Let's watch and see how Bitcoin can be behaving from this day forward to the end of the month and into August 1. If we can make this information official then am sure that Bitcoin will jump by leaps and bounds and can fuel a new resurgence never seen before in its history.

LOL Tom. I was also about to convert my bitcoin to fiat, however, I say to myself that maybe wait for at least a day and just sleep it over. When I wake up, I quite surprise to see the price again top $2200 and immediately jump on to convert my it to fiat because I needed it that time. And later found out that BIP91 was implemented ahead of schedule so I speculate that this is the reason for the sudden price jump. And the price increase is a good sign of things to happen in the future.

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