1st of August split?

[George Laymi]

Hi, Im new to all this, where can I have idiot-proof explanation of what will happen on 1st of August with Bitcoin?


Cheers

[1715158854]

1715158854

[1715158854]

1715158854

[1715158854]

1715158854

[1715158854]

1715158854

[Jannn]

This article explained what will happen on August 1 in Bitcoin : https://themerkle.com/what-exactly-is-happening-to-bitcoin-on-august-1st/amp/

And theymos make a announcement about that  : https://bitcointalk.org/index.php?topic=2017191.0

[inmortal009]

This article explained what will happen on August 1 in Bitcoin : https://themerkle.com/what-exactly-is-happening-to-bitcoin-on-august-1st/amp/

And theymos make a announcement about that  : https://bitcointalk.org/index.php?topic=2017191.0

Thanks man I was about to ask the same thing.

[planaree]

Hello,

Yesterday, price of BTC and ETH went up.
Do you think it will go down before the split, or does it mean the update will go fine ?

[coin_miner21]

I hope btc can go up though I don't have a good reason to support that.

[Jannn]

Hello,

Yesterday, price of BTC and ETH went up.
Do you think it will go down before the split,

That is possible if a chain splitting happens

Hello,

or does it mean the update will go fine ?

Im think why Bitcoin price goes up now because about 72% of miners supported the BIP91 and it needs roughly 80% support before August 1 to be implemented.
Hope this soft fork will succeed

[Zicadis]

Here is another article that can help explain whats going on which bitcoin atm http://www.coindesk.com/happen-bitcoin-visual-guide-scaling-outcomes/

[Full-Agonist]

i dont see a point of hard fork, i was mining ethereum hard forked and i ended up with some etc as well as eth. i sat on that stuff forever and it hasnt been worth much. why have two coins if we all know one will fail. i say just stay will the original.

[TryNinja]

i dont see a point of hard fork, i was mining ethereum hard forked and i ended up with some etc as well as eth. i sat on that stuff forever and it hasnt been worth much. why have two coins if we all know one will fail. i say just stay will the original.

Because the comunity can split between two different ideas and do not reach an agreement that suits both of them.

The same is happening with Bitcoin. Some people just want bigger blocks, and others don't. This ends up dividing Bitcoin into two currencies with different implementations. One of them implementing the idea of the first group, and the other implementing the idea of the second group.

[deadsilent]

Hi, Im new to all this, where can I have idiot-proof explanation of what will happen on 1st of August with Bitcoin?


Cheers

The results are uncertain. But we are possibly see split bitcoin. Maybe 2 or more split coins. But of course only one coin will on top and will be the king of cryptos. But there's a possibilty of community split. Look at ETC and ETH. This is the disadvantage of this forking. The diversified support from people. But it's hard to predict what's going to happen to bitcoin after that forking. But i still hold btc no matter what.

[White sugar]

Some exchanges are already disabling Bitcoin withdraws because of BIP191.

Hurry up your learning and know things may get worse before August.