And So It Begins...

dragosroua (74)in #bitcoin • 7 years ago

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.

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7 years ago in #bitcoin by dragosroua (74)

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lig007 (51) 7 years ago

All a wait and see game at this point.

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2 votes

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marcusxman (53) 7 years ago

Sounds like a time of great upheaval if there is no consensus in the Bitcoin community.

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3 votes

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vegeto (52) 7 years ago

No now it Ends

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3 votes

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dragosroua (74) 7 years ago

That will be n-th announced death of Bitcoin. And the n-th+1 revival.

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1 vote

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s3rg3 (67) 7 years ago

Thanks, will this only be for new bitcoins or bitcoins you already have in your wallet?

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2 votes

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dragosroua (74) 7 years ago

Probably both, if you keep some on exchanges. Read the announcement.

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lanceman (53) 7 years ago (edited)

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...