LocalBitcoins.com Official Statement regarding the possible hard fo...

While scanning my news today before I head out for a bit, I found this info which a lot of people will find interesting I think.

We are closely monitoring the current situation regarding the risk of a Bitcoin hard fork occurring on August 1st. Today, July 18th, it looks possible that the hard fork will be avoided as BIP 91 can activate before then.

Our current plan in case BIP91 does not activate before August 1st, and the risk of a hard fork becomes real, is to stop all Bitcoin transactions for a period of time in order to protect the Bitcoin you have in your LocalBitcoins wallet. Once the danger period has passed LocalBitcoins will allow withdrawals of Bitcoins on both the majority and minority chain for as long as it is feasible and possible to support both chains.

In case BIP 91 fails to activate and the risk of a hard fork becomes real we will share more information via our blog, twitter and email.

To get more detailed information about the situation please read the following article:

https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/

To stay up to date with the most current developments please follow the Bitcoin subreddit:

https://reddit.com/r/bitcoin/

Official Local BTC.com links:

https://www.facebook.com/pages/Localbitcoinscom

https://twitter.com/LocalBitcoins

http://www.reddit.com/r/localbitcoins/

Thanks for reading, have a nice day.

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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.

LocalBitcoins.com Official Statement regarding the possible hard fork on Aug 1 2017.

Thanks for reading, have a nice day.

If you liked this blog post - please Resteem it and share good content with others!

Some of my recent blogs:

Gif's - via Giphy.com , Funny or Die.com

Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.