Overall
It was announced that bitcoin is going to undergo a soft fork on the first of AUG.
The currency is going to be split into two coins.
BIP 148 UASF
The new coin currency. This is the first branch of the BTC split. It is speculated that the currency will be split 50/50.
If your wallet supports the new soft fork it should split it.
For example. If you have 1BTC 0.50 will be split into the new BIP 148 UASF currency.
Bitcoin Legacy
This is going to be the other half to bitcoins. The legacy coins that are currently on the market themselves.
Speculations on how the current price will do are extremely unstable.
Nothing is known about the soft fork and all predictions are different.
I think the price has to drop drastically. Probably everyone will attack the BIP 148 UASF coins as they are going to grow rapidly after release.
Loss
There is a great chance most of the people will have their funds lost along the soft fork. So hopefully if we decide to keep our coins everything will go well.
The crypto scheme
Other currencies are going to see a mass jump as most people are probably going to invest in alternatives. I personally am stuck between investing into SP or cashing out.
Steemit
The good news is that probably people are going to invest in steem and we will be looking at a jump in SBD and STEEM prices on the first of aug.
End result
Nobody knows what the future of crypto is going to be after the soft fork, are we going to burn or jump to the moon.
Or better yet burn and rise from the ashes like a phoenix.
What do you think?
The Calendar of the soft fork.
May 30- Kick off
May 30- Pre-Alpha
June 16 - Alpha Milestone
- Alpha software ready.
- New testnet setup.
- BIP published
June 30 - Beta milestone
- All issues from alpha addressed.
- Testing complete
July 21
- Nodes running and signaling begins.
Spread the word so it's known...Best of luck to all steemians out there. And I hope we all make the right decisions.
Useful post!
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Oh hell !
No wonder I have seen people talking of Bitcoin Crash in August on Quora Website.
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Interesting post man! How did you wrote the last phrase like that? :D
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Just came to my mind, because I write most fiction and philosophy, so it's kinda crossed between thees.
But yeah, the jump in price is due to people selling out big amounts of blocks to be safe.
Thanks for the feedback by the way :)
👏
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My pleasure man! I am jealous for your english 😂
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Thanks friend :) just steem alot and it will get even better than mine :)
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Thanks friend!
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now the question is which group is fearful and who is greedy.. UASF, Bitmain UAHF, BIP 148, SegWit, SegWit2X.....my guess is that the greed of all these groups will reconcile to SegWit2X....if not Queen Ether will take over from the King BTC possibly in ICU
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