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