Potential issues?
I got an email from Coinbase a few minutes ago and thought I'd share this with everyone.
This to me is not good news. Coinbase is my primary way of getting access to BTC and ETH easily and with very little restrictions. What this can mean is bad news for the price of BTC as people may be tempted to convert that to ETH or another ALT currency.
If your not familiar with whats going on, check out this link to see in better detail what this is all about.
What are UASF and UAHF?
UASF stands for User Activated Soft Fork.It’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes; a concept sometimes referred to as the economic majority. A UASF requires a lot of industry support and coordination. The UASF concept was combined with SegWit activation in the BIP148 proposal.
UAHF stands for User Activated Hard Fork.
Developers add a mandatory rule set to change the node software. These changes make previously invalid blocks become valid after a flag day, which does not require a majority of hash power to be enforced. Bitmain, a major mining firm, announced “A contingency plan against UASF (BIP148)” in case UASF is applied.