Now what the fuck is happening

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This shit confuses the hell out of me me.
Can someone give me a 3 line greentext explanation on the whole 1st of August thing?

you still haven't disclosed the status of the first 144 blocks. when will we know?

>miners and devs cant agree on whether to increase the blocksize or not
>if they cant agree by aug 1st then BTC could potentially split into 2 implementations
>this is unlikely but the volatility will be high around this period.

I don't know anything anymore, I thought i knew but now I'm just fucking confused, are non segwit meant to be rejected already? what the fuck is this?

>btc split
>chaos
>mad gains

also
>maybe your BTC will become multiple BTCs

It's like holding ETH when ETC was made by the differing consensus.

can't in 3

>segwit was initially proposed through bip141 which required 95% support over an interval of 2k blocks
>bip91 was an agreement to start rejecting blocks not supporting bip141 as to achieve automatically 100% signalling
>now that bip91 is in effect we have to wait for the next 2k blocks period cause we didn't make the current one in time

August 1st is a non-event.

ok makes sense now

nah m8, most had already implemented SegWit, 1 of agust was the deadline, but the majority was achieved today, (not sure if today or yesterday) in any case this is not the end of this eternal bullshit argument because Segwit can be reversed....