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Author Topic: Segwit2X, BIP148, Bitcoin Cash, 1st AUG,November. Can anyone explain it easyily?  (Read 381 times)
kjgch (OP)
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August 01, 2017, 12:49:53 PM
 #1

Most of the articles only describe the terminology and do not seem to explain the important parts.

I want you to read what I understand, correct the wrong part. I may have understood the opposite in some parts.

Bitcoin miners did not like the block size expansion that could speed up the transmission for their benefit. So users who do not tolerate this have created a user-centric upgrade called BIP148, which is supposed to be activated at 00:00 GMT (GMT), which could split the bitcoin following and the bitcoin that does not follow.
(It seems that time has passed, but there is no division by this.) BIP148 is completely successful?

But BIP148 is so compelling that there is a group that opposes it (mainly miners?), And Segwit2X is the alternative that they suggest as a way to expand the block size beyond this compulsory method. (It does not seem to be a way to expand again the block size after that, so it seems to be a temporary solution.) - Is this ongoing?

On the other hand, other forces (AXA, Bitcoin core, Block stream) who dislike BIP148 made Bitcoin Cash(They can control the value of BCC at their will), at 12 o'clock GMT on August 1. And it is kinds of hardfork, so who have BTC at that time, they also get BCC same amount. And, they provide arbitrary controllable block extensions.

And what will happen at november?


I am really confused. Is that right what I understand? Please explain it easily. OTL
(tell the truth, I'm not good at English.. so I can't get information from video.. I can bearly understand it with the help of Google translation:)  )


PS) Is there anything wrong with sending the USDT(which is still on a bitcoin basis) ?
CryptosapienZA
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August 01, 2017, 12:59:38 PM
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I hope these few articles will help you.

https://medium.com/@jimmysong/understanding-segwit-block-size-fd901b87c9d4
https://www.coindesk.com/bip-148-segwit2x-bitcoin-scaling-compromise-might-not-easy/
https://99bitcoins.com/bitcoin-fork-segwit-vs-bitcoin-unlimited-explained-simply/
https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-about-the-2mb-hard-fork-27749e1544ce
kjgch (OP)
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August 01, 2017, 01:24:00 PM
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Thank you. These links have been a little helpful. However, it is also most about terminology, and difficult to understand exactly the situation. After all, what is the bitcoin for users (so that the bitcoin transfer can be done within 2 to 3 seconds per cent)?

- Are the guesses below correct?
Segwit2X supporter - bitcoin core
BIP148 supporter - bitcoin unlimited
Bitcoin Cash supporter - bitcoin core
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