Simple two questions, any advice as to whether to be concerned to either transfer the coins to a hard wallet from Coinbase prior to the Aug 1st or not really needed? 2nd, is this Aug 1st situation going to kill the value of Bitcoin?
Though I believe we should be concerned on this latest development, I don't think this whole thing is meant to kill or delete our Bitcoin holdings. The best thing to do is to ask our wallet provider to clarify their stand on this matter and if they are really ready when August 1 strikes on the clock.
I am assuming that all of our wallet service providers are really aware of the situation and they would act according to the best interest of their existing clients which in turn can be acting for their own best interest likewise.
Right now, there are already many guide and clarifications published on net on this important subject.