And So It Begins...
At Tue Aug 01 2017 03:00:00 GMT+0300 (EEST), Bitcoin confirmation scores may become unreliable for an unknown length of time. This means that any bitcoins you receive after that time may later disappear from your wallet or be a type of bitcoin that other people will not accept as payment.
Once the situation is resolved, confirmation scores will either automatically return to their normal reliability or there will be two (or more) competing versions of Bitcoin. In the former case, you may return to using Bitcoin normally; in the later case, you will need to take extra steps in order to begin safely receiving bitcoins again.
Read the full announcement here.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):
All a wait and see game at this point.
Sounds like a time of great upheaval if there is no consensus in the Bitcoin community.
No now it Ends
That will be n-th announced death of Bitcoin. And the n-th+1 revival.
Thanks, will this only be for new bitcoins or bitcoins you already have in your wallet?
Probably both, if you keep some on exchanges. Read the announcement.
It seems the free~flowing pliability of crypto makes for a highly volatile environment lending itself to manipulation as pointed out in this post. I therefor remain a skeptic but applaud Steemit for its unique angle of social engagement - that is something I can appreciate without the long term anticipation of monetary gain which I believe can be vanished overnight by unseen powers-that-be...
This is the best article I've found for understanding just how complicated and how non-binary the potential outcome will be:
https://medium.com/@jimmysong/uasf-bip148-scenarios-and-game-theory-9530336d953e
I know that article, good call.
@dragosroua, I wrote a detailed explanation of SegWit and everything that could happen on 1st August > https://steemit.com/bitcoin/@blockrush/bitcoin-segwit2x-and-everything-you-need-to-know-about-1st-august-blockrush
Seems scary.Thanks for the information.
Following you.
Cheers for the heads up!
Thanks for info man! Shared on my Facebook!