CoinBase Update On The User Activated Soft Fork (UASF)
The User Activated Hard Fork (UAHF) is a proposal to increase the Bitcoin block size scheduled to activate on August 1. The UAHF is incompatible with the current Bitcoin ruleset and will create a separate blockchain. Should UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin.
The User Activated Soft Fork (UASF) is a proposal to adopt Segregated Witness on the Bitcoin blockchain and could result in network instability. It is scheduled to activate at the same time as the UAHF.
To ensure the safety of customers’ funds, we will temporarily suspend bitcoin deposits, withdrawals, and buy/sell starting approximately 4 hours before activation of either fork.
If you currently have bitcoin in your Coinbase account, and do not wish to have access to UAHF coins or have immediate access to your bitcoin, you are not required to take any action.
If you wish to have access to UAHF coins or you wish to have immediate access to your bitcoin, you should send your bitcoin from Coinbase to your external address by July 31.
For more information on how to send bitcoin from your Coinbase account, please refer to this article: https://support.coinbase.com/customer/portal/articles/971437.
Thank you,
Coinbase Team
Just thought I'd share -blue
Remember To Vote
blueorgy for witness!https://steemit.com/~witnesses
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Hi @shahzaib, I see you have mentioned me.
This is automatic bot responce reminder so that I might respond to your mention later.
Thanks for sharing this. I use CoinBase a lot and I was curious how they were going to handle this situation. Much appreciated.
I just wonder how many users will be pulling their bitcoin out, that will be interesting to see.
Yeah, I'm not sure. Lots of volatility, but that's just because we're early adopters. More risk, but more reward :-)
imo there won't be any HF and Segwit will be supported =D BTC still will be KING and we will have much faster transactions and lesser fees by 2018 ,, btw i have upvoted you for witness
True. Thank you for the witness vote!
This is nothing to worry about, and I'm happy with the decsion coinbase is doing. Pretty much they are saying no to the bitcoinabc fork, and remaining neutral with bip148. Segwit will be activated, and all will be well until the next issue arises. Also, I have previously voted you for witness :) if you have the time, look at more of my articles.
Going to be some major shake up here starting in the next few days it is going to be interesting for sure!
Thanks for sharing this