Don't panic, but your Bitcoins may just vanish into the ether next month

The community-driven organization overseeing Bitcoin on Wednesday warned that any Bitcoins received after Monday, July 31, 2017 at GMT-0700 may vanish into thin air or be rejected as invalid.
Bitcoin.org said that at the end of the month, Bitcoin confirmation scores – a number that represents the difficulty of altering the associated transaction – may become unreliable for an unknown period.
"This means that any Bitcoins you receive after that time may later disappear from your wallet or be a type of Bitcoin that other people will not accept as payment," the group said.
The reason for this "potential network disruption" is Bitcoin Improvement Proposal 148 (BIP 148), which describes a "user-activated soft fork" (UASF). It's an effort to implement a code revision referred to as a Segregated Witness, or SegWit, a method for separating signature data from transaction identifier data in a Bitcoin transaction.
Doing so offers a number of ostensible benefits, including increasing the Bitcoin blocksize, limiting the extent to which transaction data can be modified by third parties, and simplifying scripting upgrades.
The SegWit operation depends on the consensus of Bitcoin miners. If a majority of the Bitcoin miners signal their support through their mining activity, the change should become active across all compatible Bitcoin clients.
But if BIP 148 is only embraced by a minority, the blockchain could split. That would create a situation where BIP 148 Bitcoins and legacy Bitcoins would be incompatible.

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