BIp91 locked in?

[BustyKuroNeko]

Hi, well i just checked on
https://coin.dance/blocks
and it says that BIP91 is locked in and that it is scheduled for activation in 349 Blocks
Any thoughts?

[Wind_FURY]

I believe this will be it. we have Segwit coming. So far so good, the market is happy, the miners are happy, most of the people in this forum are happy and that is all that matters for now.

[Searing]

yep

https://www.xbt.eu/

dance bird dance

*until the next FUD in a few months ..when the 2mb option on this is pushed...

btc: always drama

.

[pooya87]

*until the next FUD in a few months ..when the 2mb option on this is pushed...

you mean the next "Discount day" whenever it comes.
this time the biggest one was a 60% discount on bitcoin (the summer sale) at $1830 since we are going to be nearly $2900-$3000

[iamTom123]

I believe this will be it. we have Segwit coming. So far so good, the market is happy, the miners are happy, most of the people in this forum are happy and that is all that matters for now.

We are all happy with this turn of events...the most important thing is that the dreaded split may not be happening after all. Although there are some who can be questioning whether this solution can be for the long-term or just a band-aid approach, for now the thing is that they will not be rocking the boat, so to speak.

The retreat of Bitcoin's value for the past weeks is largely contributed to that fear of what can be come August 1 because at that time speculations were flying from all directions and nobody can clearly state the direction Bitcoin was taken into.

Now, there is a euphoric feeling that after all the debates and shenanigans we finally come to a better conclusion. Though it might not be the ultimate solution the thing is that it can be the most acceptable for now...

[talks_cheep]

It's just a band-aid. A temporary solution to a permanent problem. Without a clear and unified direction from the Core devs, btc is fundamentally broken.

[howto]

i'm confused about bit 91, on reddit i read BIP-91 lock-in does not guarantee segwit will be activated unless BIP-91 is actually enforced. what does it mean?? and now after bip 91 locked in price slowly down.

[freedomno1]

At least we are going to commit to something some progress is required towards development.
It's a lot of chaos but its progress of some sort.
http://www.cnbc.com/2017/07/18/bitcoin-soars-as-miners-move-to-solve-the-digital-currency-scaling-problem.html

[moopser]

Whats going to happen next?
BIP148 on Aug 1st and possible split depending on support level?

[Totscha]

i'm confused about bit 91, on reddit i read BIP-91 lock-in does not guarantee segwit will be activated unless BIP-91 is actually enforced. what does it mean?? and now after bip 91 locked in price slowly down.

BIP 91 is a promise that miners will reject all blocks that do not signal SegWit i.e. BIP 141. By doing that the 95% support for SegWit will be acheived.

So, yeah. BIP 91 will have to be enforced.

[yugyug]

even though the bip91 was locked in, it doesn't give a guarantee that the current bitcoin development will not occur a lot of headaches in the long run. imho bip91 was just a politically motivated.

[Hyena]

the rally is because of the block size increase part not the segwit part. segwit will just be ignored and not used just like in litecoin.

[pumpmydump]

BIP91 (bit 4) shows an intent to signal BIP141 (bit 1, in order to activate Segwit) and to reject the nodes not signaling it. So you would expect that over 80% of miners would now signal BIP141. Yet BTC.com, Antpool and ViaBTC are still not signaling BIP141. They still have a grace period of 300 blocks to do so. When this grace period ends, the nodes enforcing BIP91 will reject those not signaling BIP141. Either the above pools will start signaling BIP141 soon, or they were lying about enforcing BIP91

edit: actually Antpool and ViaBTC have started signaling BIP141 now

[buwaytress]

We are all happy with this turn of events...the most important thing is that the dreaded split may not be happening after all. Although there are some who can be questioning whether this solution can be for the long-term or just a band-aid approach, for now the thing is that they will not be rocking the boat, so to speak.

I think, after all, the split is an outcome very few would truly savour and many would fight to prevent, despite what outward intentions may appear to be. The repercussions on reputation and confidence for such a young tech is still too unpredictable. Band-aid solution it may be, but recognising that there will never be an end-all scaling solution buys Bitcoin the time it deserves.

[talks_cheep]

Bitcoin and its underlying technology are 10 years old. I wouldn't call them young anymore. People all over the world have been slow to adopt btc, but don't confuse the adoption rate with age.

[NUFCrichard]

*until the next FUD in a few months ..when the 2mb option on this is pushed...

you mean the next "Discount day" whenever it comes.
this time the biggest one was a 60% discount on bitcoin (the summer sale) at $1830 since we are going to be nearly $2900-$3000

A 60% discount on $3000 is $1800? I personally would say it was a 40% discount...

We can laugh about it (after the fact) but the volatility of Bitcoin makes it a joke. 40% falls are fine in Zimbabwe, but for a serious currency, it can't happen.
Can you imagine being paid in Bitcoin based on a USD amount? You get paid 40% less this month, oh it's recovered now but your rent is due!