Why nothing will happen [with Bitcoin] on August 1st

[SpaceMonkey]

https://www.youtube.com/watch?v=U7aBKDjKiyk

What was going to happen (BIP148)

A number of months ago, the community decided to coordinate the activation of Segwit on August 1st, rather than continue delegation of this coordination to the miners, who had collectively been stalling the upgrade. This proposal was numbered BIP148, and widely supported by Bitcoin users. There was fear that 51% of miners might retaliate by splitting the blockchain, using invalid blocks light clients could not detect in order to solidify the split in perpetuity.

Last week, miners finally decided to stop stalling Segwit, and have begun the activation process on their own, prior to BIP148’s August 1st flag day, and in a manner that is essentially embracing BIP148 themselves using a miner-activated method early. Therefore, BIP148’s new rule is redundant, since miners are already enforcing it as of Sunday. Users should still run BIP148 code to ensure they retain full node security, but the probability miners will attempt to split the chain in retaliation at this point is pretty much zero. Basically, BIP148 was an early success.
New altcoin launching August 1st, “Bitcoin Cash”

In the meantime, a new altcoin calling itself “Bitcoin Cash” has been formed, aiming to take advantage of the previous talk of an August 1st fork, to try to hijack Bitcoin users for their altcoin. By using the name “Bitcoin”, they may fraudulently fool people into switching to their new altcoin.

https://medium.com/@lukedashjr/why-noth ... f49a1a930d

Run a BIP148 and defend yourself against malicious attacks!

[wajosh99]

gives a feeling of relief. tnx

[wealthymario]

Nice made video. I will try this to run. Thank you

[brope]

Bitcoin isn't a malicious attack. It's the people, the users, the miners... All collectively choosing what they want to do with their hashing power. They can mine bitcoin, ethereum, litecoin, or in this case, bitcoin cash.

It's a fork from the chain that a lot of people believe supports more closely the ideals and outline of the original white paper published by Satoshi many years ago, and will help with faster and much cheaper transactions which will result in a better overall user experience.

You can disagree with bitcoin cash all day for your reasons, but don't call it malicious, because that's entirely false. Just because someone does something you don't agree with, it doesn't make it wrong or malicious, it just makes you mad.