Poll of the Day > So a Fork/Split in the Bitcoin Blockchain is coming...

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pionear
07/28/17 1:48:18 PM
#1:


Got a few (satoshi's) in my Miner, but not enuff to transfer to my wallet.

Hope they won't disappear...
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pionear
07/28/17 4:25:17 PM
#2:


Bump...no Bitcoin ppl here on PotD?
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Hop103
07/28/17 4:33:01 PM
#3:


1 BC=$2736

Here's why their aren't many bitcoin people on here.
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shadowsword87
07/28/17 4:34:43 PM
#4:


What's a fork/split?
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Thunder_54
07/28/17 5:10:04 PM
#5:


LiteCoin is best coin.
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Thunder_54
07/28/17 5:13:30 PM
#6:


shadowsword87 posted...
What's a fork/split?


Basically the newest blockchain would recognize only certain miners and nodes based on whatever new update their pushing is. The older miners/nodes would technically be a separate block chain. The new ones would have a copy of it with updated features.

Hence the split, if not all nodes/miners are signalling the newest update, then they both exist.

I think, anyway.
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Foppe
07/28/17 5:15:07 PM
#7:


shadowsword87 posted...
What's a fork/split?


A big enough upgrade that makes it not compatible with the old version, basically giving us two currencies, Bitcoin Classic and New Bitcoin. The reason behind the fork is to allow more transactions per second.
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xjayguyx
07/28/17 5:38:14 PM
#8:


Bitcoin to me is just stupid. Too many Chinese buying it because they are very limited on what they can invest in. Probably crime tied into bitcoin as well. Meh ill laugh when it either gets hacked and goes to $0 or so many "digital currencies" come out that they will all be worthless.
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Mario_VS_DK
07/28/17 5:56:29 PM
#9:


Hop103 posted...
1 BC=$2736

Here's why their aren't many bitcoin people on here.


You can buy parts of a bitcoin. You don't have to buy a full one.
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GanonsSpirit
07/28/17 6:17:21 PM
#10:


Didn't Bitcoin crash a few years ago? I thought it was dead.
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Melon_Master
07/28/17 6:31:49 PM
#11:


Bitcoin feels like the internet generations, pyramid scheme.
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KevinceKostner
07/28/17 6:46:39 PM
#12:


xjayguyx posted...
Bitcoin to me is just stupid. Too many Chinese buying it because they are very limited on what they can invest in. Probably crime tied into bitcoin as well. Meh ill laugh when it either gets hacked and goes to $0 or so many "digital currencies" come out that they will all be worthless.

That's why it keeps going up, once China opens up its credit markets the Bitcoin is gonna pop.
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pionear
07/28/17 8:00:45 PM
#13:


GanonsSpirit posted...
Didn't Bitcoin crash a few years ago? I thought it was dead.


Nope...it fell like a few weeks ago to like $1500/BTC, but now it surged back to almost $3000/BTC

Foppe posted...
basically giving us two currencies, Bitcoin Classic and New Bitcoin.


Actually its gonna be Bitcoin (BTC) and Bitcoin Cash (BCC).
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eating4fun
07/28/17 8:08:02 PM
#14:


Foppe posted...
shadowsword87 posted...
What's a fork/split?


A big enough upgrade that makes it not compatible with the old version, basically giving us two currencies, Bitcoin Classic and New Bitcoin. The reason behind the fork is to allow more transactions per second.



So what happens to all the old bit coin? Does it become bitcoin classic or new bitcoin? Please educate.
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