Post
Topic
Board Bitcoin Discussion
Re: Afraid of August One?
by
frowsiter
on 22/07/2017, 09:03:25 UTC
We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?

I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.
This is very simple thing , you should think that lot of amount of the Bitcoin are hold by the owner of the Bitcoin , so what will happ if the network of the blockchain will face problem , I mean we don't need to worry much about this , and instead of this some preacuation should be taken by us .
1) Before 1 August transfer your all Bitcoin at the blockchain wallet .
2) If you have Bitcoin then transfer only Bitcoin to your address of blockchain also  .
3) don't make transaction like things from any of the Bitcoin wallet .
4) Make backup of your wallet of the blockchain before the 1 August  .
If you will do these things , then I don't think that you need to worry anything ways , because you are in official ways and platform and nothing is problem in the official wallets Wink

Yes this is the pretty much things you need to take care of. Any transaction that is broadcasted before one day of spliting or on the day of it will get lost automatically. The signing of broadcast can not proceed as the system would be certainly idle and you may loose your money too.

Any wallet is ok to keep the money. It just the exchangers which we should be afraid of as they wont be able sen and receive the funds properly. Hope the split doesnt occur and we stay on the safer side of the fencing.