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Author Topic: No fork detected--> Segwit is now active UASF is active! WE did it!  (Read 2630 times)
Minecache
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August 01, 2017, 07:11:48 AM
 #21


UASF is being enforced Segwit is now active and no fork is detected!
UASF has not been activated. No forks have been detected. So far.

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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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August 01, 2017, 07:12:40 AM
 #22

Surely the real test is when someone makes a SegWit transaction and then tries to spend its outputs as if it were a normal transaction. Non-SegWit nodes and miners will accept it, SegWit ones will reject it. Has this happened yet?

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August 01, 2017, 07:14:15 AM
 #23

We need to find a solution to the mining centralization as soon as possible.

Right now Bitmain controls most of the hash power on bitcoin chain. It looks like we won the war but It may get real ugly when bitmain decides to move its hashpower to bcash.

This is their next move. As soon as they smell the decreasing support levels on the bitcoin chain, they'll slowly shift their hashpower to bcash and give bitcoin a slow death. Decreasing support levels is not what I am worried btw. It is a usual thing, it can rise, it can fall, it is a wave. What I am worried is, bitmain can amplify the move and make it look like bigger than what it is.

We need to get rid of asics. It is already too late I know but we need to do something.

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Quantus (OP)
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August 01, 2017, 07:15:41 AM
 #24

Surely the real test is when someone makes a SegWit transaction and then tries to spend its outputs as if it were a normal transaction. Non-SegWit nodes and miners will accept it, SegWit ones will reject it. Has this happened yet?

no

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August 01, 2017, 07:22:16 AM
 #25

Is it likely that BTC price will dump as a result of split?
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August 01, 2017, 07:28:16 AM
 #26

Is it likely that BTC price will dump as a result of split?


Well today is the day so lets just wait and find out.

(I am a 1MB block supporter who thinks all users should be using Full-Node clients)
Avoid the XT shills, they only want to destroy bitcoin, their hubris and greed will destroy us.
Know your adversary https://www.youtube.com/watch?v=BKorP55Aqvg
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August 01, 2017, 07:30:30 AM
 #27

Is it likely that BTC price will dump as a result of split?


If people dump BCC for BTC and not for fiat BTC should continue to rise in price and not lose any steam past the $3000 mark. Supply and demand rules on each separate chain.
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August 01, 2017, 07:34:46 AM
 #28

If we have both BTC AND BCC then how likely is that both BTC+BCC=<$2900(Current BTC value)?
 I just want to know if it's better to convert to USD before the fork.
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August 01, 2017, 07:38:56 AM
 #29

Is it likely that BTC price will dump as a result of split?


If people dump BCC for BTC and not for fiat BTC should continue to rise in price and not lose any steam past the $3000 mark. Supply and demand rules on each separate chain.

What if they both moon? Then when do we do? Huh

Bitmain might shift their mining resources to BCC and start buying BCC and selling BTC to cover their monthly expenses. Pushing BCC up and BTC down on purpose. Then I think we could have the Double Moon scenario  Grin

Never trust a sleazy miner  Cool

If we have both BTC AND BCC then how likely is that both BTC+BCC=<$2900(Current BTC value)?
 I just want to know if it's better to convert to USD before the fork.

BCC and BTC are separate entities. BTC + BCC doesn't automatically equal current BTC price halved after the fork.
What the price of BTC will be after the fork is a gamble.
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August 01, 2017, 07:44:19 AM
 #30

Is it likely that BTC price will dump as a result of split?


Well today is the day so lets just wait and find out.

I hope there's no really split will happen and bitcoin remain as itself.
No bcc will circulate in the market, like I dont really like the idea of it.
And yeah the day has not yet end so better watch as many more news will be release.

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August 01, 2017, 08:01:07 AM
 #31

We knew this could happen, you knew right? because it's in the core of open source software, we might look at it as a currency but it's still a software, now it's a good time for those non miners to start mining bitcoin, since hashrate will drop but difficulty remains the same but not for a long time, actually I'd say lets not start mining until the difficulty drops by at least 30% and then start your miners to benefit from a low difficulty level for 2 weeks Cheesy
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August 01, 2017, 08:07:12 AM
 #32

We need to find a solution to the mining centralization as soon as possible.

Right now Bitmain controls most of the hash power on bitcoin chain. It looks like we won the war but It may get real ugly when bitmain decides to move its hashpower to bcash.

This is their next move. As soon as they smell the decreasing support levels on the bitcoin chain, they'll slowly shift their hashpower to bcash and give bitcoin a slow death. Decreasing support levels is not what I am worried btw. It is a usual thing, it can rise, it can fall, it is a wave. What I am worried is, bitmain can amplify the move and make it look like bigger than what it is.

We need to get rid of asics. It is already too late I know but we need to do something.
Code BIPxx that automatically limit blocks from miner to X blocks per day. The list should be decentralized.
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August 01, 2017, 08:20:11 AM
 #33

well it's true fee are now very low, 18k satoshi 226 byte
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August 01, 2017, 08:22:32 AM
 #34

At the risk of pissing on your parade, UASF was technically obsoleted by the miners activating BIP91 and in turn, shortly BIP141.  The only way UASF can still play a role now is if miners suddenly change their mind and back out at the last second, which I see as being beyond unlikely.  This is categorically in the territory of MASF, not UASF.  

That said, one could certainly argue that the miners wouldn't have activated BIP91 if UASF hadn't put the gun to their heads first, but the sting in the tail is that some of the miners are still looking to support the '2x' part of SegWit2x, which I know not all of you approve of.  Perhaps celebrations now might be premature.  Best to wait 'til November to see for certain.


BitmainCash is completely unrelated to bitcoin, segwit and UASF.

To be precise, it's ViaBTCCash.  BitmainCoin was only going to launch if UASF had resulted in a split between miners and nodes, but the miners went for SegWit2x and avoided a split (at least until November).  BitcoinCash is a actually a different hardfork to the one Bitmain were proposing, heh.  Bitmain have released a statement on BCC (but them calling it a UAHF is stupid, because this would clearly be miner activated).  They say they're still focused on SegWit2x for the moment.  Although I suspect they'll be keeping a close eye on BCC to see what happens and they don't rule out the possibility of supporting it later.  Contrary to popular belief, the pools aren't a hive-mind and do have different opinions.

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August 01, 2017, 08:24:26 AM
 #35

As far as the information I gathered there will be still a BTC split which is BCC/BCH (Bitcoincash). First there will be update to BTC systems then after few hours there will happen the BCC/BCH.
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August 01, 2017, 08:26:24 AM
 #36

So we are still waiting to determine the actual ramifications of the split?
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August 01, 2017, 08:27:56 AM
 #37

So we are still waiting to determine the actual ramifications of the split?

Yes sir, nothing has happened yet. My popcorn is getting stale.
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August 01, 2017, 08:29:36 AM
 #38


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August 01, 2017, 08:29:47 AM
 #39

After fork, how long will exchanges take to update our BCC? Does this procedure take hours?
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August 01, 2017, 08:31:11 AM
 #40

Important note on the timing of Bitcoin Cash hard fork activation
 
The criterion for activation of the Bitcoin Cash hard fork activation is based on "Median Time Past", or MTP. This means that the chain split will not occur at exactly 12:20 UTC on Aug. 1st, but some time after.
 
MTP is a statistic calculated over 11 blocks, and trails behind wall clock time by about 6 blocks. This means that the last common block will be approximately the 6th block with a timestamp after 12:20pm. The block after that will be different on either chain.
 
Users attempting to split coins, and transact separately on the two networks should be aware of these details in order to properly identify the last common block, and the first post-split block.
 
For specific technical details, please refer to the User Activated Hard Fork specification.

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