Bitcoin – Potential Network Disruption on July 31st • Hacker News Board

Bitcoin – Potential Network Disruption on July 31st

#1

Post by amdixon » Thu, Jul 13, 2017, 3:58 AM UTC

Bitcoin – Potential Network Disruption on July 31st
bitcoin.org

Re: Bitcoin – Potential Network Disruption on July 31st

#2

Post by taspeotis » Thu, Jul 13, 2017, 4:18 AM UTC

https://github.com/bitcoin-dot-org/bitcoin.org/commit/9ddfa8...

    Alerts: BIP148/92: change title over objection
    
    Note: I object to this change, which I think makes the alert
    less clear, less forceful, and degrades alert usability.

Re: Bitcoin – Potential Network Disruption on July 31st

#3

Post by Fej » Thu, Jul 13, 2017, 4:18 AM UTC

Do any significant number of people genuinely take Bitcoin to be the future of currency at this point?

Re: Bitcoin – Potential Network Disruption on July 31st

#4

Post by Alex3917 » Thu, Jul 13, 2017, 4:19 AM UTC

Fej wrote: post #3

Do any significant number of people genuinely take Bitcoin to be the future of currency at this point?

> Do any significant number of people genuinely take Bitcoin to be the future of currency at this point?

No one is betting that the current version of Bitcoin is the future of currency. They are betting that the version of Bitcoin that exists in 20 or 30 years is the future of currency.

Re: Bitcoin – Potential Network Disruption on July 31st

#5

Post by frenchie4111 » Thu, Jul 13, 2017, 4:19 AM UTC

Can someone give me some context on what is causing this?

Re: Bitcoin – Potential Network Disruption on July 31st

#6

Post by blockmeamadeus » Thu, Jul 13, 2017, 4:21 AM UTC

Fej wrote: post #3

Do any significant number of people genuinely take Bitcoin to be the future of currency at this point?

Why not? They are solving a problem that other cryptocurrencies have yet to face.

Re: Bitcoin – Potential Network Disruption on July 31st

#7

Post by blockmeamadeus » Thu, Jul 13, 2017, 4:23 AM UTC

frenchie4111 wrote: post #5

Can someone give me some context on what is causing this?

A change in the protocol that requires the majority of miners to accept the change. There is no central authority, so they can not simply say "protocol x will be in place from August 1st". As in any community, not everybody agreed on the best course of action, so the outcome is not certain.

Re: Bitcoin – Potential Network Disruption on July 31st

#8

Post by roadbeats » Thu, Jul 13, 2017, 4:25 AM UTC

What strategy is the best for small investors ? Moving the money into altcoins or just pulling completely back ? Should we expect a soar on altcoins (e.g litecoin, ripple, antshares a.k.a neo) ?

Re: Bitcoin – Potential Network Disruption on July 31st

#9

Post by sauronlord » Thu, Jul 13, 2017, 4:26 AM UTC

Fej wrote: post #3

Do any significant number of people genuinely take Bitcoin to be the future of currency at this point?

Yep. You will be sorry within 20 years from now that you did not invest in the network this early on

Re: Bitcoin – Potential Network Disruption on July 31st

#10

Post by cgb223 » Thu, Jul 13, 2017, 4:27 AM UTC

What is the disruption?

Why is this happening?