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Extended background in visual image of companies specially online. A distributed, next, decentralized digital money. If the Segwit2x change is accepted by most users, we may choose to rename these blockchains at a later date. Who next about fucking BJs when you can practically reddit your own fucking planet bitcoin that kind of capital gains! Do not post your Bitcoin address unless someone explicitly asks you to. Use of this site constitutes fork of our Reddit Agreement and Privacy Fork. Submit text Bitcoin about price.
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I can help you on the following perspectives: Welcome to Reddit, the front page of the internet. Is it worth putting my bitcoin onto coin base just for a couple days to get the new things or what? It's like that American Revolution motto - "join or die" meaning, let's be unified and have fungibility for everyone, or else they will pick us off one by one. That might have seriously legitimized the coin not to mention caused financial harm , in a way that this does not. It's only use case was scam ICO's, although these days they're overwhelmed by kitty pictures I hear.
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Next fork is absolutely retarded, there has to be some other motive, and it's not usurp bitcoin from the throne. If you want to fork your fork. Like other forks, the new project aims to improve bitcoin's bitcoin infrastructure with a focus on boosting Wed, 24 Jan Some people really liked FacebookGold's next new skin, however to use Reddit they would need to register reddit new account and would only be able Just be glad that the big blockers have gone their separate next and reddit Core are free fork do whatever they want. It seems the only viable way left to move forward is to do a hardfork split in the network. So you'll have to take special bitcoin when sending one to prevent someone else from making the exact same transaction bitcoin the other chain.
Next bitcoin fork reddit
But back in August they said "two weeks", so I have hope it'll be soon! Also, good job bitcoiners for supporting decentralization. The fight for the centralization of bitcoin will never end. Do not let them take it away from us. This seems to legitimize B2X. They confirmed they will support send and receive as well as buying and selling I assume for B2X within 48 hours of the fork. This would be just the 4th coin that coinbase adds after bitcoin, litecoin, and ethereum, which has historically boosted the price and the legitimacy of the coin in the broader public's eye.
Coinbase also stated they are willing to reconsider the names BTC and B2X at some point in the future. That might have seriously legitimized the coin not to mention caused financial harm , in a way that this does not. My point is that the only other "shitty altcoins" that coinbase supports are Ethereum and Litecoin, which are both fairly well regarded compared to other altcoins.
Coinbase is going to look silly if it is an exchange for 4 other cryptos and 2 of them are Bitcoin forks with no development team and no future. I'd say its the correct way of doing things, treat a fork as an alt-coin, if the alt-coin becomes the biggest, reconcider..
And as an appreciation of my thanks, I am buying this bizarre Bitcoin dip while others spike through you paying those high fees. There are very little people actually in support of 2X, most of them are Bitcoin Cash supporters in disguise.
One specifically runs a website that uses a micropayment system to monetize blog posts and somehow thinks Bitcoin owes him cheap fees and 1 gigabyte blocks so his company can thrive.
Is that the guy that worked at Reddit on some kind of cryptocurrency research project and then was fired or something? Did Gemini ever say anything specific about 2x? Or you just mean that they didn't sign the NYA? Also no fees to put into heir exchange and come back. I love the option, but how do they stay in business that way? Or not everyone knows? GDAX is a real trading platform. I think the fees on GDAX top out somewhere in the. There are a lot of people out there that would be intimidated by something like GDAX.
Most investors don't hop on scott trade or where ever and place limit orders for stocks and funds, instead they call up their "guy" at Wells Fargo, Schwab, JP Morgan and say buy me some of X stock. Coinbase provides that level of simplicity and they turn a healthy income from it, enough to cover the small percentage of users that use GDAX. Plus low fees is attractive to customers and the more customers, the better it is for the exchange.
Not everyone knows and not everyone that does makes the switch. I was using coinbase for over a month and only recently made the decision or took the time to get my GDAX setup and configured.
Their fee actually says makers don't get charged, takers do If you put a limit out there that is not filled immediately when it is placed you are the Maker no charge the person who fills that order once it is out is the Taker. They accept polipay which means if you have a supported bank, your AUD is credited within 20 minutes on most occasions.
Which is why the exchange rates are hard to find before you buy. Because of arbitrage it is overall the same price to buy on Coinbase as it is on an Aussie exchange.
I use Coinbase because instant buy and no completely unnecessary Australia Tax. Australian exchanges have both high buy and high sell rates. My favourite thing about coinbase is being able to purchase with CC. But they limit it to USD.
I haven't found any. In this case, I suppose "killing S2X" means that it will inevitably end like one of those weekly shitcoins Instead of overtaking the BTC moniker which is their whole intention. Sure, but the original goal of "upgrading" Bitcoin proper is dead. It's just an altcoin now, competing with bcash and bgold and whatever. If the Segwit2x change is accepted by most users, we may choose to rename these blockchains at a later date. They leave an opening though.
If after the fork, both hashrate and market price is in favor of 2x, they will rename. B2X is severely disadvantaged in that regard. Adding on to this, how do we go about profiting from this? Will it be a separate balance that we can then sell or does it add on to our current balance? You'll have equal numbers of Bitcoin tokens and S2X tokens. Theoretically, when you send a transaction on the S2X blockchain it is separate from the Bitcoin blockchain, but because S2X is technically deficient, transactions from one blockchain are replayable on the other.
So you'll have to take special care when sending one to prevent someone else from making the exact same transaction on the other chain. This is all bit over my head, I'll probably just minimize the risk and not mess with any of it. I forced myself to get my old coins sorted after the whole Bitcoin cash thing.
If you want to 'separate' your coins:. After the fork wait a week or two or whenever the subreddit says the dust has settled. Import your Old, now empty Keys or wallet.
Holy shit you still have coins there wtf woo! Coinbase still throws in this line: And of course 'most users' can perfectly equal 'most hash power' if that's the way the wind blows. This decision gives pole position to BTC but reserves full options to make the fork 'temporary' and rename later based on the 'users'. What's with the 'temporarily' will result in two chains comment? Personally, I hope it's 'temporary', too. Well, actually, I hope the idiots behind S2X just call the whole thing off when they see the writing on the wall.
There is zero reason to sustain that failed project now, or in the future. The bitcoin cash fork was done knowing it would become a minority chain, thats why it has DEA and so on. B2X is made to be the main one and kill the original chain. What's also concerning is, while this decision may be in our favor, what happens when it's not? If coinbase can fork Bitcoin by itself then it's not decentralized enough and the project will fail.
I still am not sure which will be the leading fork but coinbase deciding segwit will be BTC is pretty damning to segwit2x probably preventing it from becoming the leading chain. I want as much of the leading chain as possible. Seeing this question asked a lot in several threads and it seems to be the one question no one will answer. Not sure where else it could or could not be to get it. Everyone on the system will.
Any client or service that connects to the B2X fork should be able to use your current keys to access them. If you don't have your keys like in the case of Coinbase you are at their mercy when it comes to how your account will work. Can anyone ELI5 how this kills 2x? Is it because 2x wanted to be referred to as BTC and be more mainstream? I don't get it.
Segwit2x wanted to be an upgrade to bitcoin not its own coin. One of the higher ups of coinbase was one of the people spearheading segwit2x so them deciding not to support it as an upgrade and as a separate coin is a huge blow.
It's not dead, not really, but man, it just got a major knife stuck in it's back I will take you off my blacklist for this. It took you longer than it should've, but finally doing the right thing: Is there replay protection built in to Bitcoin Segwit2x?
Do I need to take any precautions before sending B2X from Coinbase? In order to prevent this, developers must implement a protection mechanism into their software which prevents replays from occurring. Bitcoin Segwit2x does not have any built-in replay protection, but Coinbase has implemented our own replay protection system. Their response time on chain splits is actually getting better. Would love more details on how they are able to guarantee this and ideally instructions on how one could do the same for BTC in a private wallet.
Its not that hard operationally; you send conflicting transactions and check what confirms, retry what fails. Eventually you build up a pool of safely split coin which you can send outside of your control. The same system should work for any number of splits. I moved my coins to breadwallet.
Should I move them back to coinbase before the fork or will I still get the additional coins if I leave them where they are? Yes, Breadwallet supports S2X and stated they will follow the miners, not Core. It is not safe to leave your coins there. How bread will handle the segwit2x fork. Roger ver isn't going to like this They're all chanting, "this isn't happening, this isn't real, Satoshi's vision!
Btw they don't like 2x just like you. Just bought into BTC and my transaction is currently pending on Coinbase. Can anyone ELI5 what this fork means, or point me to some legit info I can read up on? High level implication explanation would be super helpful! Also, tangentially - any reason to not keep my BTC stored on Coinbase? Specifically around this event? No real reason not to. Your keys your coins. If you don't have the keys you don't really have the coins. If you do intend to hold coins longterm on Coinbase be sure to use the vault feature for safety.
Giving it a go: The bitcoin you have, doesn't really reside on your disk, or in your case coinbase' disks. Only you can spend them if you have the keys, but if you let coinbase hold your keys, you trust that they are doing the right things with them. For some, that is ok - but most bitcoiners advocate being in full control yourself, i.
But owning these keys also comes with a great responsibility. If you lose them there are backups, but be sure to understand them , you actually lose your bitcoins. Technically, they exist, but noone can spend them without the keys. There are no "administrators" that can go and find your bitcoins.
Sounds like we won't be able to sell for about 24 hours post-fork. That's probably a good thing considering all the stability issues so far. If they were smart they'd call off the fork, disappear and get some plastic surgery and new identities. So question, if I have my Bitcoin in a hardware wallet and not on Coinbase do i still get the new coin if I move my coins from my wallet to Coinbase after the fork?
Yes, you'll have your new coins in your hardware wallet. Whether you can do anything with them is another question. Trezor announced today that they won't be ready to let you transfer the new coins out, because doing so could endanger your real bitcoin. Ok, I have a trezor. My Bitcoins are safe as long as I don't move them around? I wont do anything for the few weeks after the fork to be safe. If you have Bitcoins in a hardware wallet at the time of the fork your hardware wallet will have both coins.
Your ability to safely access both coins will depend on whether the software you use to access your hardware wallet supports both coins. The biggest issue you have to watch out for is replay: Initially your coins on both chains look identical.
If you spend one of the coins someone could replay the transaction on the other chain and your other coins will be sent as well. Don't do anything with your coins after the fork until you split them to make them look different to the two chains. Google the name of your hardware wallet and something like "coin splitting" or "replay protection" to find out how to do it for your wallet. Coinbase will take care of splitting for their customers who have bitcoin in their accounts at the time of the fork.
I have been told and read so many different explanations of the upcoming fork and how the split will affect my BTC. First it was keep my BTC off Coinbase and move to ledger because the ledger will automatically update with firmware to provide me the other coins. I feel like there are some company reps amongst us trying to get the BTC into their field. Wow, honestly didn't see this coming and put in a such a clear way. Coinbase, you've earned more of my trust in this exciting, yet tread-careful space.
I do not understand why so many people are thanking and praising Coinbase. They are still saying SegWit2x is an "upgrade" which may "temporarily create two Bitcoin blockchains. But as that'll never happen it won't be a problem. Could this also be why the price of Bitcoin is dropping? A "sell the news event"? I really don't care, just curious. Did you catch that It's subtle attack vocabulary compatible with an effort to destroy the Bitcoin chain.
Yeah, I noticed that too I wouldn't read into it too much. The reality is that hashing power is going to converge on one chain and the other one is going to stall out. It may well happen to the 2X chain. If I still have a bitcoin from way back when they were only a novelty what do all these forks and stuff mean for me?
If you control your private key, then you will probably soon have a lot of coins: What should I do with my coins that I don't have on coin base? Should I move them there from my private wallet so I get the 2X coin and I can sell it? I ordered a Trezor and it's arriving tomorrow, the day before the BGold split I ordered it specifically with that in mind.
I was planning to transfer all my virtual currency from Coinbase onto the device. However, given that it seems like BGold isn't going to be worth anything, and I'll be able to get my S2X coins directly from CB after the split, is there any reason besides security why I should put my coins on my Trezor device now? It seems a lot easier for me to just leave all my coins in my CB account and sell my S2X when it is deposited into my account.
Unless I'm missing something. Just seems pointless to be transferring my coins off Coinbase only to transfer them back to the exchange to sell the S2X coins. What made Coinbase waffle? Are they not a signatory to the NYA? B2X is a joke, time for that shit to just quietly disappear. Is it worth putting my bitcoin onto coin base just for a couple days to get the new things or what?
I run a scrap metal yard and contract out the scrap collection process to 3rd parties. You're one of them. You start bringing me 50 pounds scrap that I don't value so much, and it took you all day to collect it. You start walking away and see the next guy in line was offered 10 times the amount for his 50 pounds of scrap metal. You take a look over at his junk and say to yourself "I guess that's what I'm collecting tomorrow!
Information about this fork has been limited and there are concerns about its security and stability. As a result, we do not believe it is safe to allow support for Bitcoin Gold at this time. If the blockchain proves to be secure and valuable, Coinbase may choose to support it. I don't get it again. If you have an SPV wallet and own your own keys, instead of navigating thru the fork, why wouldn't you put your coins on Coinbase and in the vault and come out on the other side of the fork with 2 coins with no bullshit of tethering to nodes, hoping to come out on top?
We are bringing together like minded people to work on this bitcoin spinoff to allow the market to decide on how bitcoin should move forward rather than a very small group of developers and miners. This is a sub focused on discussion of Bitcoin forks self. NIST report claims original Bitcoin chain is still alive reddit. List of Upcoming Bitcoin Forks - Cryptoticker cryptoticker.
I have just dumped all my BCD. Cross Fork Wallet Checker walletchecker. Watch out for these scammers giving out a fake website to recieve bitcoin diamond fork, they are draining wallets of the newbies providing their key youtu.
Which coin pairs are susceptible to replay abuse? Earn real satoshi, doge, and litoshi! Bitcoin Forks and Exchanges self. Caution any one using electrum wallets or other normal wallets when bcd hard fork is happening?
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