Author

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 556. (Read 704412 times)

member
Activity: 87
Merit: 10
I do not understand why Bitcoin cash is going up with BTC. after for there is nothing incomone.. It is just free money..  Huh

Because bitcoin cash is the most strong competitor of bitcoin, so bch is pumping along with BTC. I think the logic is very simple, BCH is decendant of btc, so it can go up together.

It merely dishonest what Bitcoin is doing. Just spilitting and making free money for holders. It is like unmoral community with greed. I do not like this forks. And I hope bitcoin will slowly loose its value together with its clones beacose of this. Also other cryptos who do this should alse slowly disapear.
hero member
Activity: 1923
Merit: 538
segwit2x support decreasing

https://coin.dance/blocks
hero member
Activity: 1022
Merit: 507
How can I participate in the bounty program?

What bounty program?
There's no bounty program for Bitcoin Cash
newbie
Activity: 50
Merit: 0
How can I participate in the bounty program?
member
Activity: 124
Merit: 60
Price of BCH is stable now, and maybe after fork will rice like price of BTC after fork. People are gassing but nobody knows.
hero member
Activity: 686
Merit: 504

Coinfloor's statement is quite different - they're going to drop minority fork in case one of the forks will prevail
http://blog.coinfloor.co.uk/post/167229329011/coinfloors-policy-regarding-the-segwit2x-hard

Quote
After the fork, if we determine that both forks remain significant, we will issue the coins resulting from both forks. Otherwise, we will not list the losing fork and will continue to refer to the prevailing fork as “BTC”, “XBT” or “Bitcoin”.

That makes more sense, but honestly what else could you do with the losing fork? If there are no blocks for a week, the losing fork just doesn't exist during that time. Sitting around waiting for that block to get mined (and knowing that your transaction won't be in it unless you thought to include a $1000 fee in it) is pointless.

I suppose the statements from the exchanges really aren't that important. Aztek does have a good point about quick-dumping being easier from an exchange. Personally, I've placed most of my bets. Now I'm holding private keys and waiting.
hero member
Activity: 1022
Merit: 507
Bittrex published statement on the S2X hardfork
https://support.bittrex.com/hc/en-us/articles/115002603211-Statement-on-Bitcoin-Segwit2x-hard-fork

Quote
The "BTC" ticker will remain the Bitcoin Core chain before the hard fork block. Bittrex will observe the Bitcoin network for a period of 24 to 48 hours to determine if a chain split has occurred and the outcome.
In the event of a chain split, "BTC" will remain the existing Bitcoin chain with 1 MB blocks until the industry and ecosystem demonstrates a clear chain preference for Bitcoin.

It'll be interesting to watch how all of this is going to play out


Bittrex statement has a huge omission right at the key point:

Code:
In the event of a chain split, "BTC" will remain the existing Bitcoin chain with 1 MB blocks
until the industry and ecosystem demonstrates a clear chain preference for Bitcoin.


a clear chain preference for Bitcoin.


it makes no sense, I suppose they mean a clear chain preference for Bitcoin2x?

Coinfloor's statement is quite different - they're going to drop minority fork in case one of the forks will prevail
http://blog.coinfloor.co.uk/post/167229329011/coinfloors-policy-regarding-the-segwit2x-hard

Quote
After the fork, if we determine that both forks remain significant, we will issue the coins resulting from both forks. Otherwise, we will not list the losing fork and will continue to refer to the prevailing fork as “BTC”, “XBT” or “Bitcoin”.
hero member
Activity: 686
Merit: 504
Bittrex published statement on the S2X hardfork
https://support.bittrex.com/hc/en-us/articles/115002603211-Statement-on-Bitcoin-Segwit2x-hard-fork

Quote
The "BTC" ticker will remain the Bitcoin Core chain before the hard fork block. Bittrex will observe the Bitcoin network for a period of 24 to 48 hours to determine if a chain split has occurred and the outcome.
In the event of a chain split, "BTC" will remain the existing Bitcoin chain with 1 MB blocks until the industry and ecosystem demonstrates a clear chain preference for Bitcoin.

It'll be interesting to watch how all of this is going to play out


Bittrex statement has a huge omission right at the key point:

Code:
In the event of a chain split, "BTC" will remain the existing Bitcoin chain with 1 MB blocks
until the industry and ecosystem demonstrates a clear chain preference for Bitcoin.


a clear chain preference for Bitcoin.


it makes no sense, I suppose they mean a clear chain preference for Bitcoin2x?
newbie
Activity: 104
Merit: 0
the bitcoin cash price rising up , but i afraid  after November will down . Huh

anyone think like me !
full member
Activity: 238
Merit: 102
^

Aztek, what is your recommended action? Keep coins in private wallet, exchange or just in fiat? (I'm using Kraken)

Confirm with the exchange, if they are going to allow trading the entire time.
If so , I consider that safe as you could sell if a major drop started. (But you have to watch the market constantly.)

If your exchange , stated they are freezing trading during the time of the activation, I would convert to fiat and sit it out , until a clear winner was apparent.

No way in hell, would I keep any segwitcoins in a private wallet during this clash of segshits.
Odds are too great, the segshitcoins are going to be stuck for days/weeks or longer, and it only takes a few hours for the major players to crash a coin.

Seg1x & 2X may damage each other to the point that only Bitcoin Cash is seen as reliable , then it is game over.

Bitcoin Cash could possibility be the only survivor of the 1x verses 2x war.
Time will tell. Gonna be an interesting week or two.
I couldn't agree more. I sold 70% of my BTC and bought BCH from it. The remaining 30% i keep on a exchange so i can dump it fast when necessary. I would also like to add that it looks like alot of miners are signalling they are supporting Segwit2x, what confirms your story u cant do any transactions on Segwit1 chain.
hero member
Activity: 1022
Merit: 507
Bittrex published statement on the S2X hardfork
https://support.bittrex.com/hc/en-us/articles/115002603211-Statement-on-Bitcoin-Segwit2x-hard-fork

Quote
The "BTC" ticker will remain the Bitcoin Core chain before the hard fork block. Bittrex will observe the Bitcoin network for a period of 24 to 48 hours to determine if a chain split has occurred and the outcome.
In the event of a chain split, "BTC" will remain the existing Bitcoin chain with 1 MB blocks until the industry and ecosystem demonstrates a clear chain preference for Bitcoin.

It'll be interesting to watch how all of this is going to play out
hero member
Activity: 737
Merit: 551
Which is the best exchange to store BTC on during the fork?

I've been hodling for so long I don't use exchanges now, but want to get access to both forks asap after the fork.

coinbase is good exchanges to store your bitcoin
when the hardfork is finish you will receive coin from hardfork.
full member
Activity: 272
Merit: 102
Millionaire
Bitcoin cash now accepted at wikileaks shop!  enjoy!

https://wikileaks.shop/

good news . even the price is now stable but we have the right to look for bright future of bch.

may be it will reach 1400 in the last week of this year.
newbie
Activity: 29
Merit: 0
As a new BCH investor, where should I store it for safety during the BHC fork?   
legendary
Activity: 1288
Merit: 1087
Nah. It's inevitable and expected. It's still super early and the experimental phase.

It can't be stopped and it will be explored no matter what.
newbie
Activity: 5
Merit: 0
Just need an iterative hardfork. Dupe more and more and more and more and more and more and more and more and more and more and more and more and more and more and more and more and more and more and more and more........................

What a nightmare for cryptocurrencies.
hero member
Activity: 1988
Merit: 593
I think ETH and ETC will cross on the X10 together as always and 250 and 25 will cost

BTC and BCH also X10 will always be think among themselves
sr. member
Activity: 574
Merit: 251
Bitcoin cash now accepted at wikileaks shop!  enjoy!

https://wikileaks.shop/

Happy to hear this, hope more and more online shopping accept BCH. for me BCH is my second favorite coin after BTC and I just keep for long term investment because I'm sure someday the price 1 BCH = 1 BTC.
hero member
Activity: 1134
Merit: 525
Less hops. More wins.
Ok so the legacy bitcoin is soon to be known as segwit1x coin?  If yes what do we call those legacy bitcoins still in the legacy wallets??  For example in trezor they offer a legacy bitcoin wallet.  Trezor also offers a newer bitcoin wallet which I guess is segwit1 compliant.  So if I keep my legacy coin from going into the segwit1x wallet where does that leave my legacy bitcoins?  Will they be without chain?  Will they suffer the same fate as sw1x coin?  If they suffer same as sw1x coins then it will be important to make this clear to people IMO.  Thanks!!

Whenever using 3rd partys always seek direct support of their product from them.

https://www.reddit.com/r/TREZOR/top/?sort=top&t=week


The following is my personal opinion , but I would not under any circumstances leave segwitcoin in a wallet that was not on an exchange over the 2x activation.
I would have all of the segwitcoins in exchange wallets, that way if the segwitcoin network does freeze up , I could sell the segwitcoins for another coin or convert to fiat immediately and sit this possibility fatal storm out. Otherwise segwitcoins owners face a possible crashing segwitcoin market and are unable to move their segwit coins to market until the price is destroyed and they lost all of their investment.

**If the Exchanges are planning to freeze trading /deposits /withdraws, then the smartest play is to sit it out in a fiat or a trusted altcoin.***

╥Aztek


 

Here is what I found from the trezor dev:
 As others pointed out, there is a misconception. SatoshiLabs doesn't hold your Bitcoins. Instead they are directly on the blockchain and only you and your TREZOR have the key (in form of the 24 seed words). The "claim" page for Bitcoin Cash was really just an application that looks if you have BCH in your BTC wallet and instructs the TREZOR to sign a transaction that moves the coins to your BCH wallet.
So the question is really if we provide the software/infrastructure/firmware updates so that TREZOR supports the new chains. For the upcoming 2x fork the answer is YES, but the situation is a bit special. On the one hand it is designed to require very little update, only the full node needs to be updated. We will certainly run some backend servers on the SegWit2x chain to support this. On the other hand there is no replay protection, so if you send coins on one chain, you always risk that they also move on the other chain, unless you split them first.
The question is whether there will be an easy way to provide an automatic split tool, or whether there is no replay protection at all and every TREZOR owner has to split them manually by sending them on both chains, checking if the right transactions went through on each chain, and repeat until that was successful.

*edit= this info is 3 days old as of today  ^^^
Jump to: