My fellow /biz/nessmen, what are you doing to prepare for BIP 148? According to Bitcoin Magazine:
>There is a chance Bitcoin will experience a chain-split on August 1st. A segment of all Bitcoin users is committed to activate a user activated soft fork (UASF) as described in Bitcoin Improvement Proposal 148 (BIP 148). Specifically, they will reject any Bitcoin blocks that do not signal support for Segregated Witness (SegWit), the centerpiece of Bitcoin Core’s scaling roadmap.
https://bitcoinmagazine.com/articles/bitcoin-beginners-guide-surviving-bip-148-uasf/
Will you sell out of bitcoin before? Buy injto litecoin? Or go along for the ride and see where the two possible currencies end? Discuss.
>>2331160
I will not be holding btc, most likely eth.
Wondering which coin will come on top if it does fork.
put all coins in private cold wallets, so you'll have both in the case of a fork
I can't wait for this to be over
>>2331160
So that's it then?
No more moon missions until like August 15th?
Cause nobody is gonna be buying into BTC and all that around that time knowing this could happen and that could fuck everything up.
>>2331188
How would that be updated once you tried to use it? Because I don't see how you could control which coin you ended up with after the split if your current bct is in a cold wallet
>>2331160
this seems like more reason to buy alts now
>>2331301
You end up with coins on both block chains. The question is which one actually gets used.
They aren't even going to implement this, or anything
This topic has been under discussion for years now
Doesn't this mean everyone is pretty much going to dump into fiat and crash crypto until it's over?
Isn't that what this means? Fuck.
>>2331354
What if fiat is crashing at the same time?
There seems to be a big momentum gathering behind this. It could end badly for btc if either side doesn't accept the result
>>2331348
Yeah but its actually set to happen now. It's based on how the vote turns out. This could be huge, because ti could severely weaken bitcoin if it splits into two different currencies. There are a lot of technical issues involved. Money could straight disappear from your wallet. Bitcoin is the bedrock on which trades between all cryptocurrencies is done, so any potential problems like that threaten the whole system.
I think this opens up opportunities for other crypto-currencies to come into the forefront as the new standard. There's a lot of volatility coming up, which means lot of opportunities to make money.