Bitcoin Scaling Flowchart

[Minecache]

Helpful for visualising what can happen when.

[OROBTC]

...

That's a helpful timeline, thanks for posting it.

So, the endgame is finally underway, the final innings.  The fact that BTC has bounced up over $2300 gives me some tiny comfort that this will work out OK. 

I have read that the SegWit2x has not been thoroughly evaluated however.  If the implementation goes poorly or there are knotty problems, this could go on and on.  Which would be BAD for BTC price.  A lot of money could be lost, some would be mine...

[xbiv2]

Soft fork impossible:

In block N have segwit transaction from A->B .
In block N+1 have normal transaction from B->C .
Block N+1 rejected by BITCOIN of 2014 (CLASSIC) because B have zero balance.

Wouldn't that then make SegWit a hard fork if clients do not accept it? Are you referring to miners or regular wallet users in this example?

Just send RAW not segwit transaction in block N+1 from B->C.
New segwit software (of miners) will accept it, BITCOIN of 2014 (CLASSIC) will reject.
It can do anyone who own BTC to pay transactions fee.

[pooya87]

i don't understand 2 things about this chart.
1. if bitcoin ABC is the Bitmain's UAHF stuff, then it is supposed to exist in case of UASF succeeds. means the line should be after UASF > YES not the NO part.
and also NO part should not lead to "Bitcoin Splits". it is a lot more complicated than that.
UASF: successful with a high hashrate: no Split: Bitmain forks : 2 chain 1 with SegWit and high support and 1 shit
UASF: successful with a small hashrate: split: Bitmain forks : 3 chains all 3 messy until 2 of them die!

2. 2 MB hardfork has been my trouble from the beginning. i don't get the timing. the first thing they said was 6 months after the activation of SegWit, then i saw a 3 month deadline and yesterday i saw JGarzik pointing out that it depends on how SegWit is activated:
fast activation > a shorter time for the HF!!!
slower activation > 3 months

so i don't know what is what anymore
it's just all a mess...

[stomachgrowls]

~snip~

Finally, a visualization of Bitcoin scaling format. Ive been searching for this thing since i do have a hard time on understanding these flows and now im clearly seeing the possible things might happen ahead. Regarding on approval and rejections and now im quiet excited on the upcoming event would happen on bitcoin history.

[cafucafucafu]

Helpful for visualising what can happen when.

Thanks for that, I took a screenshot and might make that my wallpaper for my laptop for the coming days as a warning. Recent pumps in bitcoin and other alt coins have pushes bitcojn through the 2300 mark again and this tells me that segwit will probably not kill Bitcoin. Good luck to all the people who are still holding towards the August first mark, prep your private keys and lets hope for the best.

[haroldtee]

Thanks a lot for this OP. I think this explains all the answers of a common man. But truly from this chart, I am now more confused with the segwit2x thing. Hope we are not heading down a jagged road?

[Minecache]

Thanks a lot for this OP. I think this explains all the answers of a common man. But truly from this chart, I am now more confused with the segwit2x thing. Hope we are not heading down a jagged road?

We want to avoid that path.

[pinkflower]

I didnt expect this to be so confusing. If we were going to have Segwit anyway why didnt the miners just activate it and it could have saved us a lot of time and money. Not to mention all the stress that came with it.

[Xester]

Helpful for visualising what can happen when.

I have a hard time imagining things as to what will happen if one is not approved or one is approved. But your charts have made it clear as to what will be the next situation if BIP91 will be approved or not. But I do hope that BIP91 will be accepted by all miners and that there will be no more bitcoin split. Hope that the August 1 event will be successful so that the community will not be in panic again.

[thesavoyard]

So if the hard fork happens, is it better to have my BTC on a paper wallet, HW wallet or an exchange?

[laryto]

From the look of this source https://coin.dance/blocks it looks like we not gonna get BIP 91 by 1st of August where coindesk states here http://www.coindesk.com/happen-bitcoin-visual-guide-scaling-outcomes/ that BIP 91 likely to happen "Today, 76% of bitcoin's mining hashrate is signaling for BIP 91"

Am I missing something?

[Nam3]

It's not BIP91 that I'm concerned about. According to this chart, things are looking messy down the road (November 1st)
100% miner support, seriously??? So, a split is confirmed in November???

[hv_]

It's not BIP91 that I'm concerned about. According to this chart, things are looking messy down the road (November 1st)
100% miner support, seriously??? So, a split is confirmed in November???

If there were 100% miner support where do you see a split ?

[Nam3]

It's not BIP91 that I'm concerned about. According to this chart, things are looking messy down the road (November 1st)
100% miner support, seriously??? So, a split is confirmed in November???

If there were 100% miner support where do you see a split ?

There won't be a 100% support. I don't see it. There are folks with different opinions and it's nearly impossible for them ALL to agree on one thing.

[hv_]

It's not BIP91 that I'm concerned about. According to this chart, things are looking messy down the road (November 1st)
100% miner support, seriously??? So, a split is confirmed in November???

If there were 100% miner support where do you see a split ?

There won't be a 100% support. I don't see it. There are folks with different opinions and it's nearly impossible for them ALL to agree on one thing.

Sure - now the lock-in period is to show how big the majority is 80 / 90 ...  than the minority can be orphaned more or less...

[Someone47]

Minecache I really enjoy your posts. they are on the point and often helpful so i thank you brother for your contributions to this world. are you a ethereum community advisor ?

[Amph]

so either solution will happen, this current main chain will be a thing of the past, i mean the current block limit will be removed in soem way on 1 august

It's not BIP91 that I'm concerned about. According to this chart, things are looking messy down the road (November 1st)
100% miner support, seriously??? So, a split is confirmed in November???

If there were 100% miner support where do you see a split ?

There won't be a 100% support. I don't see it. There are folks with different opinions and it's nearly impossible for them ALL to agree on one thing.

as long as the majority agree who care about the other, the consensus was never about reaching 100%, at worse 95% i remember, which is still high

[shaninium]

Here is another good flowchart

https://imgur.com/a/0nWwn

[Andre_Goldman]

BIP148-UASF last step... "change of POW" ...   

How can I buy "GPU manufactures" stock shares ?