They want to play this game? Ok… Lets see who has more muscle, their stupid executives trying to stop crypto for their own benefit or the thousands of customers their business depends on? Today, I saw news of major banks in India suspending BTC accounts. I call everyone who has a bank account with any of those banks to simply close and move your funds elsewhere. I will not hold my funds at any bank that tries to stop this market. Our voices should be heard… just like South Koreans did a week or two ago, were they pressured top officials by signing a petition against banning crypto… So, the fight is not only against banks but also against any government official that tries to stop BTC. Guess how all of them got their jobs… and guess how all of them can lose their jobs? We have the power.
The division and inertia in the community are a serious danger for BTC future.
Good forks must be successful and widely adopted or else we might get replaced by some shitty centralized coin.
Most widely used exchanges have no motivation to adopt forks if the community does not threat their profits.
Those who refuse to adopt new technologies must perish or adapt.
Could someone post some newbie friendly advice on which exchanges to change to?
Could you please detail pros and cons of each option?
How hard is to move all the coins to another exchange?
Which fees can we expect?
I've had a lot of questions about what to do about UASF. The answer will be clear to you in a few sentences.
Put simply, SegWit is a major on-chain scaling upgrade to bitcoin. It also fixes a bug that prevents off-chain scaling from working well.
SegWit will increase transaction throughput on-chain by 100% and by untold percentages off-chain.
It was developed by the best developers in crypto-currency and it was thoroughly tested before being deployed.
But some miners want to keep transaction throughput low because that drives fees higher. And as it was set up, a small group of miners can prevent the activation of SegWit.
But UASF will end that impasse. If you run a UASF node, on August 1st you, along with everyone else in this protest, you will boycott any miner that does not signal for the activation of SegWit. You will be part of creating a blockchain that will activate the features discussed, developed and tested by the bitcoin community. You will leave behind the legacy chain that is stagnating and unable to handle today's transaction demands. If you want more transaction throughput and lower fees SegWit will provide it.
By August 1st, run a UASF node. Tell your wallet provider to run UASF nodes. Tell your exchange to run UASF. Tell miners that you will reject their blocks on August 1st if they don't signal to activate SegWit.
Right now, start saying "I support UASF". Put it on every reddit comment you post in r/Bitcoin, on every tweet about bitcoin, on Facebook, on Medium.
TAKE BITCOIN BACK from a small cabal of miners.
I support UASF
Boycott Miners Against SegWit
Boycott Miners who constrict the blockchain
Activate SegWit Now with UASF