Bitcoin is forking on August 1st: understand and prepare! [UASF-BIP148]

THIS IS A TECHNICALLY ADVANCED EXPERT MEETUP SPECIFICALLY ABOUT BITCOIN PROTOCOL UPGRADES. There will be no discussion of any other blockchain technology.

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BITCOIN EMBASSY + BLOCKCHAIN MTL JOINT MEETUP

18h30-19h30: Bitcoin Embassy meetup hosted by Francis Pouliot

19h30-20h00: Blockchain Montreal meetup hosted by Vincent Gauthier, Arthur Prats and Selim Bouzid.

18:30 - Bitcoin is forking on August 1st: understand and prepare! [UASF-BIP148]

This meetup is for:

• Casual and expert Bitcoin users
• Interested in Bitcoin tech and game theory
• Bitcoin businesses and startups

This event will be strictly moderated.

It starts at 18h30 sharp. DO NOT BE LATE!

Starting at 19h30, the meetup is handed over to BlockchainMTL. Attendees wishing to avoid expert/advanced subject matters are invited to arrive at this time.

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Bitcoin is at a crossroads.

There is a real possibility that the Bitcoin blockchain will be split into two separate chains, for an undetermined amount of time, starting on August 1st 2017.

In addition, there are several Bitcoin upgrade proposals that, in different scenarios, will cause a split in the Bitcoin blockchain if they are implemented by participants in the network.

A split in the Bitcoin blockchain can result, for a certain period of time, in the existence of two bitcoin chains, thus two different but bitcoin currencies (not unlike the difference between ETH and ETC).

If you do not properly understand and prepare, and continue to transact as usual, you are at risk of losing bitcoins.

In addition, if there is a chain split, Bitcoin users will have bitcoins on both chains, and there are opportunities for the risk-seeking well-prepared Bitcoin users to profit.

It is essential that Bitcoin users undersdand and prepare, and I'm here to help!

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LECTURE AND WORKSHOP BY FRANCIS POULIOT

Francis Pouliot, director of the Bitcoin Embassy and CEO of Satoshi Portal, has been researching the Bitcoin development process and protocol upgrade (scaling) debate. He will be sharing his very niche experience and knowledge. This is a unique opportunity to ask an expert about this critical yet obscure topic.

Preperation readings:

• https://www.weusecoins.com/uasf-guide/

• uasf.co

• https://medium.com/@jimmysong/uasf-bip148-scenarios-and-game-theory-9530336d953e

• https://medium.com/@jimmysong/bitcoin-uasf-and-skin-in-the-game-7695031c5689

• https://medium.com/@lukedashjr/bip148-and-the-risks-it-entails-for-you-whether-you-run-a-bip148-node-or-not-b7d2dbe85ce6

Podcast: http://www.bitcoin.kn/2017/06/uasf-bip-148-softfork/

Step 1: education

• Presentation of the Bitcoin governance process

• All about forks: different types, what are they, how they work, how they differ

• The role of economic nodes in Bitcoin

• The role of miners

• How the Bitcoin consensus mechanisms work

In-depth review of:

• Segregated Witness (BIP141)
• UASF BIP148
• Other Bitcoin protocol suggestions

Step 2: preparation

• Possible outcomes of UASF BIP148, Segwit2x, Bitcoin Unlimited

• Different tools and techniques

• Security recommendations

• Potential opportunities

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THANK OUR SPONSOR: BYLLS!

This meetup is made possible thanks to the support of Bylls, Canada's best Bitcoin payments and exchange services. Pay all your bills and send Canadian dollars to any bank account in Canada with Bitcoin! Check them out at www.bylls.com (http://www.bylls.com/)

BYLLS SUPPORTS UASF BIP148! WE WILL BE ACCEPTING YOU BIP148 BITCOINS STARTING AUGUST 1st.