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Author Topic: Whats next after BIP 91?  (Read 882 times)
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July 22, 2017, 09:49:56 PM
 #1

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?
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July 22, 2017, 09:51:55 PM
 #2

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.
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July 22, 2017, 11:24:27 PM
 #3

Everything about the proposed fork is bizarre.

No one that knows anything about it is saying anything as if they're all afraid to speak an opinion that might conflict with the pro fork narrative.

There's nothing but a massive dark cloud of silence hovering over everything.

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July 22, 2017, 11:49:43 PM
 #4

It has been explained in this forum, after BIP91 has locked-in, it takes 2 weeks two activate it. But on August !st, BIP148 will be activated and it require over 51% hash rate to be lock-in. But, it seems that BIP148 is pointless because the miners enforcing BIP91 and they should be in order to avoid chain split. So, forget about BIP148.
Segwit2x includes BIP 91 to activate segwit also includes a hard fork that will happen 12960 blocks after segwit activates. segwit2x will push for hard fork to increase block size (2Mb-8Mb), We will know on November whether miners approve it or not.
More information ; https://bitcointalk.org/index.php?topic=2012799.340


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July 22, 2017, 11:59:07 PM
 #5

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.
Why dont they just implement the hard fork already so that they wont be fear among investors again in November, August 1 has already caused enough problem among investors which drove the currency way down last weekend.



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July 23, 2017, 01:13:04 AM
 #6

No one exactly knows what will happen as it is unpredictable. But if everything went smoothly there won't be any problems. BIP 91 was designed specifically to make SegWit and BIP 148 compatible with each other, the goal is to prevent a chain split.
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July 23, 2017, 02:49:27 AM
 #7

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.
Why dont they just implement the hard fork already so that they wont be fear among investors again in November, August 1 has already caused enough problem among investors which drove the currency way down last weekend.

No need to worry about all these news and developments but should take those opportunities buy some more bitcoins. If you want to invest money for long term perspective then you should buy bitcoins in small quantities on every dip so that you can get a good average price. I'm very confident that Bitcoin prices will go very high by next year so not worried about these short term fluctuations.

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July 23, 2017, 02:53:27 AM
 #8

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.
Why dont they just implement the hard fork already so that they wont be fear among investors again in November, August 1 has already caused enough problem among investors which drove the currency way down last weekend.
It is like a timestamp that hardfork will happen after 3 months after the implementation of Segwit2x. Segwit2x needed 80% miners support. So, it was like giving a chance to other 20% for running Segwit node. If there will be resistance from some miners there would be two coin because of scheduled hardfork. One more reason being Segwit2x was proposed as a mid solution that doesn't leads to hardfork instantly. This is the reason why it is being implemented successfully.

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July 23, 2017, 06:03:19 PM
 #9

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.
Why dont they just implement the hard fork already so that they wont be fear among investors again in November, August 1 has already caused enough problem among investors which drove the currency way down last weekend.

No need to worry about all these news and developments but should take those opportunities buy some more bitcoins. If you want to invest money for long term perspective then you should buy bitcoins in small quantities on every dip so that you can get a good average price. I'm very confident that Bitcoin prices will go very high by next year so not worried about these short term fluctuations.

True. In the meantime I'll just hold on to the rest of the bitcoins I didn't sell a few days ago. I wonder if there'll be another plunge by November and how bad it would be. I think that would be a nice time to buy more bitcoins.

What is the time line for that mentioned hard fork? Ideally I'd like to buy well before the split so I can tuck in the bitcoins safely in a personal wallet.
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July 23, 2017, 06:13:07 PM
 #10

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

Of course no one really knows what will happen after the BIP91. It had caused many people to panic and to sell their bitcoins because there are people who are saying that bitcoin would continue to dump. There are just speculations and rumors.

No one knows what will happen, what we have are only ideas. As for me, I will just wait until August 1 happen, I will observe what will happen and then that will be the time for me to decide. I have done the safety measures just to ensure that I would still have money left.

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July 23, 2017, 06:33:20 PM
 #11

Well, I did a mistake and I sold 90% of my Bitcoin reserve before the price skyrocketed to 2800 USD  Undecided But I am still hodling my ETH, some alts and 10% of my BTC. The split is not gonna occur as far as I am convinced and that is why no one should be scared...

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July 23, 2017, 07:28:29 PM
 #12

Well, I did a mistake and I sold 90% of my Bitcoin reserve before the price skyrocketed to 2800 USD  Undecided But I am still hodling my ETH, some alts and 10% of my BTC. The split is not gonna occur as far as I am convinced and that is why no one should be scared...
If so to speak, How come and go. Only I believe that I have saved, I will not only win in double but also in labor. All my bitcoins, ether and altcoin are on hold until this stir will not settle.

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July 24, 2017, 03:56:21 AM
 #13

This whole thing is similar to watching a very suspenseful movie...though we paid for watching the said movie there is nothing we can do but just be passive watchers. Anyway, we just hope that before the year ends things can get better and people who are the decision makers will decide according to the best interest of Bitcoin and the many stakeholders.


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July 24, 2017, 04:17:12 AM
 #14

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.
Why dont they just implement the hard fork already so that they wont be fear among investors again in November, August 1 has already caused enough problem among investors which drove the currency way down last weekend.
We do really like on this way but we cant do anything since this is already been set and you are right August 1 event did really affect bitcoins environment which causes for its price to dip again but instead of worrying too much we should really see this as an opportunity than as a problem. If you are an active trader you will surely love these movements for sure.

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July 24, 2017, 04:44:43 AM
 #15

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.
Why dont they just implement the hard fork already so that they wont be fear among investors again in November, August 1 has already caused enough problem among investors which drove the currency way down last weekend.
We do really like on this way but we cant do anything since this is already been set and you are right August 1 event did really affect bitcoins environment which causes for its price to dip again but instead of worrying too much we should really see this as an opportunity than as a problem. If you are an active trader you will surely love these movements for sure.
The fact is that this case may affect Bitcoin and in another way, has created exact copies of Bitcoin existing to date. So there can be two flows and how exactly to get out of this situation I do not know yet. How to recognize bought and how to delete it. But nevertheless, these are just conversations and I do not take them seriously seriously.

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July 24, 2017, 04:45:37 AM
 #16

Well, I did a mistake and I sold 90% of my Bitcoin reserve before the price skyrocketed to 2800 USD  Undecided But I am still hodling my ETH, some alts and 10% of my BTC. The split is not gonna occur as far as I am convinced and that is why no one should be scared...
Don't sadly with that, I think you decisive sell your Bitcoin when the price reach $2800 is very good, because although in August 1st not have HardFork with BIP148 or BIP141, but ViaBTC and Bitmain still want split Bitcoin to Bitcoin Cash and Bitcoin ABC, with this news can create some panic when nearest deathline Segwit and you can buying again Bitcoin with money you had earned when take profit at $2800
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July 24, 2017, 05:41:28 AM
 #17

So it means that there's a lot to watch then after BIP91 proposal, this year is giving us a lot headaches. We don't have choices but to rely on agreement between parties, bitcoin still have a lot of debate to encounter but as normal users we can't decide on our to stick or withdraw.

,



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July 24, 2017, 06:05:17 AM
 #18

So, Bitcoin is decentralised currency, but who decide these things about BIP 91, Segwit etc..? At first glance, it looks like a few guys thinking "what's next"

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July 24, 2017, 06:17:32 AM
 #19

We should focus on how to develop crytocurrency and since we have little knowledge on the technical aspects of bitcoin is better some experts from this forum should explain to us what is next! Many speculation are flying in the air and some few explanations has been given but we need reliable information then.
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July 24, 2017, 08:49:04 AM
 #20

well the goal is to activate segwit and have more room for transaction, either that or we will remain at current state, one of these things will happen

So, Bitcoin is decentralised currency, but who decide these things about BIP 91, Segwit etc..? At first glance, it looks like a few guys thinking "what's next"

it's actually the users that are enforcing this, so it's decentralized as it get, still you can't believe that every average joe have a possible voting on the upcoming chain split if will happen

miners rules the place, but full nodes have also their meaning

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July 24, 2017, 04:39:24 PM
 #21

There's been a lot of fear creation about August 1st. The fact is that this is going to do nothing but improve Bitcoin. All it is is a bigger size and a little bit more security so that transactions get confirmed quicker which is something that's important if it's going to ever make it into the common Marketplace

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July 24, 2017, 04:40:47 PM
 #22

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?
The only thing that we do have to fear about this soft Fork, is the fact that it is now opening Bitcoin up to Future updates and changes. I could be wrong but I believe for Bitcoin itself this is the first major software change other than changes to the core software.
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July 24, 2017, 04:52:09 PM
 #23

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?


Why live in future if you could do all possible things right today. It's not good to jump into another situation or think of "next what" situation right when you are in the middle of different problems. I mean come on logically you should be focusing on august thing and let the conclusion come out for the fork. The news will spread instantly for your question too.

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July 24, 2017, 05:47:45 PM
 #24

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.


For now, we could just speculate about what will happen on August but miners seems enforcing BIP91 which likely lead to segwit activation. The maximum block size after hard fork is not 2Mb but it could be 8Mb, doesn't mean it will be good for us and I tend to not support it.
After BIP91 has been locked-in, to activate segwit2x requires 80% hash rate and the deadline on July 29. And fyi segwit2x is = segwit + hard fork to a larger block size. Segwit will be activated but hard fork won't be, I guess.

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July 24, 2017, 06:06:09 PM
 #25

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.


For now, we could just speculate about what will happen on August but miners seems enforcing BIP91 which likely lead to segwit activation. The maximum block size after hard fork is not 2Mb but it could be 8Mb, doesn't mean it will be good for us and I tend to not support it.
After BIP91 has been locked-in, to activate segwit2x requires 80% hash rate and the deadline on July 29. And fyi segwit2x is = segwit + hard fork to a larger block size. Segwit will be activated but hard fork won't be, I guess.

The water is clear until around mid October. When October comes, it's time to start being wary again and keep your coins off exchanges pretty much until 2018... do not risk it, exit scams are all time highs when the big blockers FUD with a hardfork, so get your Bitcoin Core ready because it's the best way to keep in control of your coins.

It's sad to see but I think big blockers will ruin the uptrend once again when the segwit2x bullshit comes.

Bitcoin Cash will be a non event, no one cares.

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July 25, 2017, 03:59:38 AM
 #26

I do not think it can be predicted what will happen after BIP 91. but I think it is a technical so that bitcoin kedepanya will be better again. I think all the improvements there will be risks in the face. But if this is so that there is no chain split I do not think this is a problem. Only this will create a panic for the investors. But I'm sure this is a requirement that must be done so kedo bitcoin can be better again. Indeed this is a rather complicated issue. But I think this technique needs to be done. Because the problem is. How to avoid divisiveness. I hope after this BIP 91 will get a bright signal.



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negancoin
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July 25, 2017, 04:14:18 AM
 #27

all you need to do is hold ur BTC in cold storage and wait.
no one here knows exactly what will happen.

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July 25, 2017, 04:29:23 AM
 #28

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.
Why dont they just implement the hard fork already so that they wont be fear among investors again in November, August 1 has already caused enough problem among investors which drove the currency way down last weekend.

  There was a hard fork already back in 2010, and look where we are now. I don't see any reason why we shouldn't do the same as we did then.
  BIP 91 is an extremely short-term solution. Increasing the block size only helps for so long, but eventually it will need to happen again, and again, etc.
  In any case, the price has risen back up now and seems to be stabilizing around $2,600. We might even see a real breakthrough of $3,000 as the previous one was too short-lived to really count. Not to mention it only crossed 3k on some exchanges, not all (like BTC-e).



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Serco
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July 25, 2017, 08:47:34 AM
 #29

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

There won't be any problems for August but the next step is going to be a hardfork to 2 MB blocks I think in November. This is where the real problems could start.
Why dont they just implement the hard fork already so that they wont be fear among investors again in November, August 1 has already caused enough problem among investors which drove the currency way down last weekend.

  There was a hard fork already back in 2010, and look where we are now. I don't see any reason why we shouldn't do the same as we did then.
  BIP 91 is an extremely short-term solution. Increasing the block size only helps for so long, but eventually it will need to happen again, and again, etc.
  In any case, the price has risen back up now and seems to be stabilizing around $2,600. We might even see a real breakthrough of $3,000 as the previous one was too short-lived to really count. Not to mention it only crossed 3k on some exchanges, not all (like BTC-e).
So this has happened in 2010 then? and now it's happening again in the present time,do you mean? I did not know about this in previous year and this is so first year i know about hardfork and such,because i still new to know bitcoin. curious about the continuation after 1st August

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July 25, 2017, 09:00:50 AM
 #30

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?

I will say no one is sire of what will happen next even the fork is not certain to happen although all body language are suggesting to that direction not to talk of what will happen after. I am sure that whatever will happen, its not going to be just one person that will be affected and the administrators of the forum as well as those who are in the know on how things work will guide everyone else accordingly.
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July 25, 2017, 09:39:56 AM
 #31

After reading about BIP 91 on coindesk, this obviously isn't a permanent solution for the possible fork in BTC. Does anyone know what will come after in the coming months?
Those are saying another wave for the bitcoin will come in september, i mean BIP148 and the possibility of the split for bitcoin in the future. A lot of people have discussed that at this time.
I think there is a possibility while we see another fork will come in the future.

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July 28, 2017, 04:23:52 PM
 #32

There's been a lot of fear creation about August 1st. The fact is that this is going to do nothing but improve Bitcoin. All it is is a bigger size and a little bit more security so that transactions get confirmed quicker which is something that's important if it's going to ever make it into the common Marketplace

Bitcoin block size has been increased after this softfork but that is not the end. We shall be needing more increase in the blockchain maybe after some years or there could be another requirement. Bitcoin blockchain is a technology which will keep on changing with time as people needs more speed in tx confirmations and more new features. But for now, this increase in block size will increase confirmation time and also reduces fee and that is best for the bitcoins now.

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