Bitcoin reddit speculation
It's an effort to implement a code revision referred to as a Segregated Witnessor SegWit, a method for separating signature data from transaction identifier data in a Bitcoin transaction.
Doing so offers a number of ostensible benefitsincluding increasing the Bitcoin blocksize, limiting the extent to which transaction data can be modified by third parties, and simplifying scripting upgrades. The SegWit operation depends on the consensus of Bitcoin miners. If a majority of the Bitcoin miners signal their support through their mining activity, the change should become active across all compatible Bitcoin clients.
But if BIP is only embraced by a minority, bitcoin reddit speculation blockchain could split. In an email to The RegisterBitcoin contributor Dave Harding explained, "The development team for SegWit, called Bitcoin Core, released it in late October with an activation bitcoin reddit speculation used for a previous successful Bitcoin upgrade.
Miner activation of Bitcoin upgrades is not mandatory, said Harding, but it's less disruptive that way. Harding believes he knows why, but hesitated to speculate. Harding describes UASF as a boycott on steroids. That's what's happening at the end of the month. As a consequence, everyone will be forced to join the boycotters or to exclude them. Harding said that if everyone accepts the proposal or bitcoin reddit speculation everyone rejects bitcoin reddit speculation, there would be no issue.
That means when the UASF starts on August 1st, we have to wait and see whether or not the people who say they support the UASF actually put their money where their mouth is and refuse to accept Bitcoins from any boycotted miner or anyone associated with that miner. And for those who haven't chosen a side, there's uncertainty about which kind of Bitcoin will be valid. Harding stressed that Bitcoin marked as confirmed in a wallet prior to the start of the event will be safe. It's the Bitcoins passing back and forth afterwards that are at issue.
To further complicate matters, there's another such proposal known as "SegWit2" bitcoin reddit speculation for November. Among those in the Bitcoin community, there's doubt about whether this alert is being handled in a responsible manner, because a blockchain split is considered unlikely.
A research note issued by Morgan Stanley analysts on Wednesday may do more damage. Bitcoin reddit speculation advised spending bitcoins rather than saving them because "Bitcoin acceptance is virtually zero and shrinking.
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Don't panic, but your Bitcoins may just vanish into the ether next month Well, actually, do panic. No overwhelming support Harding said that if everyone accepts the proposal or if everyone rejects it, there would be no issue. It advises Bitcoin users to: Not trust payments until some indeterminate time when the situation has been resolved. Not send payments during this period.
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