Below is an outline of the main events that could unify or divide bitcoin: by steemfaucet

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bitcoin · @steemfaucet · Jul 16 '17 (edited)

$1.97

Below is an outline of the main events that could unify or divide bitcoin:

![btc-usd-640x360.jpg](https://steemitimages.com/DQmXLKAoPKEszY9gcDHJ1nYTEPGyexMoRmeUYfmyGPMHHPj/btc-usd-640x360.jpg)

---

* By July 21: SegWit2x software is released and supporters begin using it.
* July 21 to July 31: The community monitors how many miners deploy SegWit2x:
1. If more than 80 percent deploy it consistently, that should signal community-wide adoption of SegWit and the avoidance of a split, at least for now.
2. But if a majority do not deploy, expect anxiety within the community to grow as the focus shifts to the Aug. 1 deadline.

---

* Aug. 1: UASF is deployed by its supporters, who begin checking if bitcoin transactions are compliant with SegWit.
1. If a majority of miners still do not deploy SegWit2x or otherwise accept SegWit, and if UASF supporters do not back down, then two versions of bitcoin’s blockchain could come into existence: a UASF-backed one where only SegWit transactions are recognized, and another where all trades -- SegWit and non-SegWit -- are recognized.
2. If a split occurs, bitcoin will likely begin existing on both blockchains in parallel, resulting in two versions of the cryptocurrency. Expect traders to quickly re-price the value of both, likely leading to massive volatility.

---

Source: https://www.bloomberg.com/news/articles/2017-07-10/bitcoin-risks-splintering-as-ivil-war-enters-critical-month

👍 tonyson4078, robotlizzzrd, cheetah, steemfaucet, duekie, selachii, nataleeoliver

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@arthur-schopen · Jul 16 '17

to be fair he qouted his sources. try this out mate
https://steemit.com/bitcoin/@arthur-schopen/30-bitcoin-i-penned-a-poem-for-you-it-s-my-first-poem-ever-so-be-gentle-haha

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@cheetah · Jul 16 '17

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.bloomberg.com/news/articles/2017-07-10/bitcoin-risks-splintering-as-civil-war-enters-critical-month

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@steemitboard · Oct 30 '18

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@steemitboard · Oct 30 '19

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