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keyrun (OP)
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August 01, 2017, 04:10:49 AM
 #1
I was concerned about the Bcash split and am ready for that.
But what is BIP148? Is it the precursor of segwit?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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August 01, 2017, 05:33:30 AM
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BIP is Bitcoin Improvement Proposal. each of them are different proposals to improve bitcoin in one way or another. BIP148 is User Activated Soft Fork or UASF for short. https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki
it was supposed to "force" miners to accept SegWit by rejecting any block that is not signalling for SegWit by the time specified in the BIP.

but now that time is past and also since 100% of the blocks are signalling for SegWit nothing happened. in other words there was nothing to reject.
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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August 27, 2017, 12:43:51 AM
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BIP148 is the best solution to solve the scale debate. However, this soft fork also requires consensus from the majority of the majority of the community, which may be quite difficult to achieve.
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