Sponsored by Private Internet Access, a Bitcoin-accepting VPN.The biggest concern is how the bitcoin price tomorrow after the fork is going to look like. People want to double their coins.
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This morning, bitcoin split into two currencies -- the original and Bitcoin Cash.The user-activated soft fork offers that solution, although very few people seem to be aware of what this means exactly.
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Since both Bitcoin Unlimited and Segregated Witness continue to struggle for majority network support, it is evident a third solution may need to be considered sooner or later.That being said, there is a lot of confusion as to what this user-activated soft fork entails and which problems it would solve.
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In the event of a hard fork, the amount of bitcoin under your control will not magically double.This would leave bitcoiners susceptible to double-spend attacks until miners switch to the correct fork backed by the majority of the economy.Bitcoin deals with this double spending problem by building an. forks may always.This makes a lot of sense to less tech-savvy users, as everyone deserves their voice to be heard.Bitcoin-XT is actually just a fork of Bitcoin Core with some. and relaying of double spends.Individual nodes can be listed as supporting the UASF, yet they may never activate it.Litecoin admin Charlie Lee speculated that exchanges are vulnerable to double.
This will prevent a transaction on one blockchain from inclusion into the other blockchain. 5. Sell your bitcoins on the both exchanges for fiat and watch market reaction.Bitcoin News: Double Your Bitcoins With The Coinbase Ethereum Exchange Bug.Quote from: keepdoing on August 20, 2015, 05:28:14 PM You are basically ASSUMING that there will be a market for non-XT coins after the fork.
I am sorry - but now you are just throwing out irrational nonsense.Shadow miners are mostly from the idealistic phase of Bitcoin, so their incentive to continue on Core if XT wins out will be great.
And I think XT will prevail, though I am not necessarily hoping for it in its current form.Unfortunately, a UASF still has its drawbacks, as implementing a user-activated soft fork is not easy by any means.It is quite intriguing to think of a soft fork as something users can opt-in for.
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Segwit is an update that will double the capacity of one block and create the possibility to build 2nd layers on the Bitcoin.
Because in that scenario there is almost a 100% chance that Bitcoin XT will start moving up in value, and Bitcoin-Core will start devaluing massively in the immediate aftermath.
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PS: Once again, it is very important: your bitcoins must be controlled only by you when the fork happens, otherwise the wallet hoster will do the explained trick by himself and will feed you with a legit looking excuse.
Analyzing the 2013 Bitcoin fork: centralized decision-making saved. looking back at the fork.If Bitcoin forks and for however long each fork persists, you will have the same quantity of bitcoin across each chain.
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Quote from: Come-from-Beyond on August 20, 2015, 10:07:01 AM A lot of people own bitcoins but only few understand how Bitcoin XT drama will unfold and what should be done to survive the aftermath.
Another scenario comes up when you consider the shadow miners, all the at-home ASIC owners who turned off their machines as they lost out to the mega-miners.You will be unable to double your coins and earn money by selling non-XT coins.Additionally, users have a choice to opt-in for a soft fork or not, while everyone is still part of the same protocol and the ecosystem.
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CryptoCoinsNews. Prices. go along with the fork direction, ostensibly Bitcoin. position and then simply double up with some theoretical or otherwise.
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