your bitcoins may just vanish into the ether next month

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xouper
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your bitcoins may just vanish into the ether next month

Postby xouper » Sun Jul 16, 2017 6:00 am

I searched the forum for "bitcoin" and apparently there is some interest in this topic, so here's a recent news item:

https://www.theregister.co.uk/2017/07/13/bitcoins_might_just_vanish_into_the_ether/ wrote:
Don't panic, but your Bitcoins may just vanish into the ether next month

Well, actually, do panic. A pending code change could bring a period of instability

By Thomas Claburn in San Francisco 13 Jul 2017 at 20:31

The community-driven organization overseeing Bitcoin on Wednesday warned that any Bitcoins received after Monday, July 31, 2017 at GMT-0700 may vanish into thin air or be rejected as invalid.

Bitcoin.org said that at the end of the month, Bitcoin confirmation scores – a number that represents the difficulty of altering the associated transaction – may become unreliable for an unknown period.

"This means that any Bitcoins you receive after that time may later disappear from your wallet or be a type of Bitcoin that other people will not accept as payment," the group said.

. . .


I don't have any bitcoins, but I do have the t-shirt.

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Re: your bitcoins may just vanish into the ether next month

Postby Pyrrho » Sun Jul 16, 2017 12:43 pm

That's going to drop the bottom out of the ransomware market.
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Re: your bitcoins may just vanish into the ether next month

Postby Abdul Alhazred » Sun Jul 16, 2017 12:49 pm

Central banks win again. :)
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Re: your bitcoins may just vanish into the ether next month

Postby sparks » Sun Jul 16, 2017 5:48 pm

I have the new 64 bit bitcoins, so I'm soooooo much fucking better than everyone else. I shall remain unconcerned right up to and including the actual moment the fuckwads drain my bank account(s)....
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