what's up with the upcoming fork?

[OriginalBankster]

Hello,
can someone explain whats going on with the fork? what opportunities, what threads?
who are the actors involved?
Is it wise to buy now, or should i wait for a dip like in August?

I read some about that stuff, about the New York Agreement, about Jihan Wu and technical opinions about SegWit and Blocksize.
But the picture isn't completely clear. I am in the newsletter from Jimmy Song, but i do not want to be one-sided informed.
Where can i get some in-depth knowledge?
Can some of you explain me the whole situation?

Any help is appreciated.

[vasavala]

Hello,
can someone explain whats going on with the fork? what opportunities, what threads?
who are the actors involved?
Is it wise to buy now, or should i wait for a dip like in August?

I read some about that stuff, about the New York Agreement, about Jihan Wu and technical opinions about SegWit and Blocksize.
But the picture isn't completely clear. I am in the newsletter from Jimmy Song, but i do not want to be one-sided informed.
Where can i get some in-depth knowledge?
Can some of you explain me the whole situation?

Any help is appreciated.

About what fork you want to know? About bitcoin gold or something else? Bitcoin fork will be at 25 october.

[Rozita]

Every one holding Bitcoin, will receive Bitcoin Gold. It's similar to what happened on August 1 when Bitcoin holders received Bitcoin Cash. We should wait to see the market and see how much popular Bitcoin Gold will be.

[zjeker]

Which exchange will support Bitcoin Gold?
Probably the price of Bitcoin will rise with regard to this event...NOT?

[olushakes]

Hello,
can someone explain whats going on with the fork? what opportunities, what threads?
who are the actors involved?
Is it wise to buy now, or should i wait for a dip like in August?

I read some about that stuff, about the New York Agreement, about Jihan Wu and technical opinions about SegWit and Blocksize.
But the picture isn't completely clear. I am in the newsletter from Jimmy Song, but i do not want to be one-sided informed.
Where can i get some in-depth knowledge?
Can some of you explain me the whole situation?

Any help is appreciated.

Nothing is up with the fork or forks coming up. Its probably going to be the whole recycling of what was faced during the last fork. The difference in the two would be reliant on mostly the technicals which an average user probably won't need so you don't need to bother yourself. Its simple just make sure you keep your coins in a wallet you control before the fork and everything else will fall in place on how to go about it.

[cynical]

From what is happening with bitcoin cash, bitcoin gold could end up being traded into bitcoin. It is hard to figure how the price will react to the new fork. I believe the bitcoin cash fork didn't have a massive affect on bitcoin

[bitart]

Hello,
can someone explain whats going on with the fork? what opportunities, what threads?
who are the actors involved?
Is it wise to buy now, or should i wait for a dip like in August?

I read some about that stuff, about the New York Agreement, about Jihan Wu and technical opinions about SegWit and Blocksize.
But the picture isn't completely clear. I am in the newsletter from Jimmy Song, but i do not want to be one-sided informed.
Where can i get some in-depth knowledge?
Can some of you explain me the whole situation?

Any help is appreciated.

Nothing is up with the fork or forks coming up. Its probably going to be the whole recycling of what was faced during the last fork. The difference in the two would be reliant on mostly the technicals which an average user probably won't need so you don't need to bother yourself. Its simple just make sure you keep your coins in a wallet you control before the fork and everything else will fall in place on how to go about it.

The only thing I would like to know that if it makes any difference (if I use a decent wallet anyway), but does it matter if the wallet is segwit enabled or just legacy? Does Bitcoin Gold fork handles segwit enabled addresses and gives the alt coins, or it's just works with the legacy address?

[centralbanksequalsbombs]

Bad Actors:
Answer: DCG = DIGITAL CURRENCY GROUP (Barry Silbert, Jeff Garzik, coin base, bitpay, etc) who spread FUD and are trying to infiltrate & eventually shutdown bitcoin.
r/btc reddit thread and the other company-controlled bitcoin website (bitcoin.com). They spread FUD but then spend time accusing of others spreading FUD, LOL. Why do they push hard on altcoins (bitcoin cash, ethereum, FUD?  Why do they push for forks?

Forks creating scamchains are a courtesy brought to you by DCG group of companies led by Barry Silbert with his fellow minion Jeff Garzik and friend Roger Ver. Central banks love to fund their operations so they can get inside the community to circumvent Bitcoin's progress and try to destroy bitcoin.

Luckily their attempts have been marked by continuous failed altcoins...
"Bitcoin Classic" failure
"Bitcoin XT" failure
"Bitcoin Unlimited" failure
"Bitcoin Cash" failure
coming soon..."Bitcoin Segwit2x" (BTC1) failure

Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20

hacks (these people may have been well-meaning previously...but people change...):
Mike Hearn : “the "Bitcoin experiment" has "failed." goes on to Ethereum an app coin.
Hearn - Big Bank Bitcoin Bully - https://medium.com/@tradertimm/hearn-big-bank-bitcoin-bully-c61531c082e#.okh9viyze
Craig Wright - desperately claimed to be Satoshi & then flees fraud trying to file a bunch of IP patents! LOL!
Mark Karpeles
Paul Vernon
Josh Garza
Roger Ver
Jeff Garzik (2017 recent; hard forking BTC1 / segwit2x)
"Jeff Garzik wants you to connect to his Bitcoin transaction analytics (spy) company Skry, by default, in the SegWit2x fork. Jeff is a sneaky snake!":https://www.reddit.com/r/Bitcoin/comments/6n9grc/jeff_garzik_wants_you_to_connect_to_his_bitcoin/
Barry Silbert (and his DCG portfolio of companies-ie Coinbase, Bitpay, sponsoring ilk of Jeff Garzik characters)


Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.

If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.


Though it is still very early adoption not even 1% adopted yet (most people everywhere don't know what it is)...
Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so. They can never have such domination on Bitcoin.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination on Bitcoin.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

BLOCKCHAIN without bitcoin = SCAMCHAINS
BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value!

BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $70Billion (USD) equivelent value into bitcoin and this will increase with time.

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

[tiggytomb]

As far as I have seen it will just be a rehash of the bitcoin cash scenario, there will be a snapshot taken on the 25th and then those who had bitcoin will now have some of bitcoin gold.

If anything it is just a bit of extra money, I really don't see any value in this and I would hate to see this happening every few months with a new "bitcoin whatevername" fork.

[OriginalBankster]

thank you all for your answers.
i have a few follow-up questions:
1. why exactly is Core against an increase of the blocksize?
2. should i invest now or wait for a dip?

[plr]

Which exchange will support Bitcoin Gold?
Probably the price of Bitcoin will rise with regard to this event...NOT?

You can look at the history chart of Bitcoin when bitcoincash launch but based on that there is no impact on the price of Bitcoin and it could happen again so we all not need to worry and be thankful because we will soon get free money again.

[OriginalBankster]

now i see, there are two forks coming. the first ist Bitcoin Gold, this doesn't concern me. Just another shitcoin like Bitcoin Cash.
But the second fork with BTC2X is what i am concerned about.
I heard they don't have replay protection?

[illinest]

Hello,
can someone explain whats going on with the fork? what opportunities, what threads?
who are the actors involved?
Is it wise to buy now, or should i wait for a dip like in August?

There is no buy setup here. The last time a long term buy setup appeared was following the plunge to $3000, once price wicked up from the lows. I would wait for a safer, less volatile entry if buying for the long term. The FUD around the fork might provide a good dip to buy into. We hit the $1800s lows 2 weeks before the expected chain split last time around. Maybe similar timing here? We still have 6 weeks left.

[Yakamoto]

Hello,
can someone explain whats going on with the fork? what opportunities, what threads?
who are the actors involved?
Is it wise to buy now, or should i wait for a dip like in August?

I read some about that stuff, about the New York Agreement, about Jihan Wu and technical opinions about SegWit and Blocksize.
But the picture isn't completely clear. I am in the newsletter from Jimmy Song, but i do not want to be one-sided informed.
Where can i get some in-depth knowledge?
Can some of you explain me the whole situation?

Any help is appreciated.

By the sound of it, from what I have heard and read over the very recent past, there is a fork on the way which is sponsored by some miners and devs which intends to make a token, or completely reform Bitcoin, so it goes back to being "decentralized" and getting it back to the way it used to be, according to them. As for whether or not there will be enough backing, it is doubtful, and like BCH it will likely not go anywhere, and will probably be smaller than what happened to Bitcoin Cash since there is even less support for it.

[posi]

The coming fork which is Bitcoin Gold will create the same opportunities just like the August free Bitcoin cash money and it was created by Jack Liao, the founder of Lightning ASIC a mining an anonymous developer named h4x3.

[OriginalBankster]

i am really confused.
I thought Core Developers must know best, then i thought if they made the NY-Agreement and agreed to SegWit2X and now
they don't want 2X to happen, then they have no Integrity and don't keep their word.
Others say, blockstream and Jeff Garzik are trying a hostile takeover, some say that Core are the evil ones because they don't allow consensus.

[OriginalBankster]

what is Satoshi Nakamotos Vision?
which side would he support?

[okissabam]

The coming fork would ne the same as the fork last August with Bitcoin Cash, nothing really special with the upcoming fork. It would still be an altcoin and people would most likely dump it still right after they get it.

[Gigafart]

Will I be ok with hard wallet on fork or should I move my btc to another wallet?

[OriginalBankster]

The coming fork would ne the same as the fork last August with Bitcoin Cash, nothing really special with the upcoming fork. It would still be an altcoin and people would most likely dump it still right after they get it.

i do not mean the Bitcoin Gold fork.
i am afraid of the 2X-fork, without replay protection