Bitcoin died on 1st August

in #bitcoin7 years ago (edited)

If you follow some blogs discussions, groups discussions on whatsapp or telegram or social networking on the internet. You have been hearing or reading that the end of bitcoin networking is coming up. And have a date for... Aug 1st!

bitcoindead.jpg

From my point of view, this should be a kind of panic or bad joke. But there is something that you must pay a little bit attention if you have some bitcoins or work with it.

The discussion is very technically and it will take a long time to explain and that is not my interest here.

I just want to say (or write!) is that everything around you have been changing every day. Look up your smartphone: It´s changing every day. Probably you lost to number of updates your facebook app had on this month, on this year. And many other apps appear and had updates also.

Why the bitcoin networks (blockchain networks) should not update or upgrade also? It´s needed!

On this day, the blockchain world have been affected by two kinds of these "upgrades". One for bitcoin network and other one for the Ethereum networking.

For bitcoin, they are discussing about a maintenance on bitcoin network for implementation of Bitcoin Improvement Proposal 148 or BIP 148, onto another works... they believe that this will be improve the relationship between users and miners. Considering that all implementation is large discussed by the members responsible for maintenance of bitcoin network. So, I have sure that they want that this continue to work. There are so much money onto this place... No one wants that It will finishing!

I’m convinced that, before the 1st Ago, this discussion will be consensual. Of course, that regarding the expectation that the world of cryptocoins have day-after-day, this price of bitcoin will "bomb" and "dump" as well. But in the end, everything will be all right!

About Ethereum is that they have been plain to change the PoW (Proof of Work) protocol to the PoS (Proof of Stake) protocol to guarantee that system is decentralized and scalable. The Ethereum Foundation is still working on the PoS protocol. And this will have much discussion on the way...

I heard something like that for un expert about criptocoins "Just take care after 1st august if they haven't implemented BIP 148. Don't do any operation using bitcoin on that day. Wait for a couple hours or day... and follow the news."... Take this an advisor!

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