[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 913.

loshia

legendary

Activity: 1610

Merit: 1000

Quote from: pumz on July 26, 2017, 07:20:57 AM

@loshia I understood fully after reading your last post. If this happens then too BTC holders will always have possibility to convert them into BCC if those become more valuable someday. BCC can not be converted into BTC. All these points make sense I am fully agree with you whatever you shared. Thank you for your time to make the things clear.

I do not think 1:1 convertion will be available if BCC becomes more valuable. BCC "~~INDEPENDENT~~" devs will find a way to fork BCC, fixe some "security vulnerabilities" or whatever to prevent this happening. All of a sudden for some unknown but highly sophisticated and deeply technical reason you will be NOT able to convert BTC to BCC at 1:1 Ratio

I can bet on that

qiman

hero member

Activity: 1036

Merit: 504

Quote from: loshia on July 26, 2017, 06:24:34 AM

Quote from: qiman on July 26, 2017, 06:10:47 AM

We make exchanges a lot of money trading day in and day out, I think they should be kind enough to give us our FREE BCC. It is only fair, they need us as much as we need them so let us all lobby POLONIEX and the other exchanges to give us what is rightfully ours.

Please Please read my post about FREE BCC in previous page and stop LYING PEOPLE
If i am not correct about FREE part i will be glad to read your reply here!
10X
The reality is that your BTC will be converted 1:1 Ratio.
BUT when you sell such BCC (which are not earned by mining) what you actually do is that you SELL YOUR BTC AT BCC exchange rate! PERIOD!
MORE OVER ALL BCC earned by mining are not convertible to BTC at one to one ratio. If you want convert them you will have to:
got trough SELL BCC->CASH->Buy BTC or use exchange rate which will not be 1:1 unless BOTH 1 BTC and 1 BCC cost 1K USD for example

So what you are saying is that the exchanges will take our BTC and convert it to BCC? This sounds very fishy to me and I do not like it at all. I was thinking they were going to give us the BCC as a side gift after the fork happens. Huh

Rrrav

newbie

Activity: 30

Merit: 0

This will be a come & go alt-coin, mark my words. For those reading, I'd be careful about even trying to make some quick cash with BCC. These guys aren't legitimate, they have no credibility and you're putting your actual valuable Bitcoins at risk.

The greedy fuckers behind Bitcoin Cash (BCC) are clearly trying to line their pockets (while making this a final attempt for control over Bitcoin). The miners and developers behind BCC should be ashamed, they are blinded by greed, this is absolutely disgraceful, especially after BIP91 has been locked in.

pumz

sr. member

Activity: 826

Merit: 250

@loshia I understood fully after reading your last post. If this happens then too BTC holders will always have possibility to convert them into BCC if those become more valuable someday. BCC can not be converted into BTC. All these points make sense I am fully agree with you whatever you shared. Thank you for your time to make the things clear.

Motivator

sr. member

Activity: 381

Merit: 250

Everyone is going to dump this shit and hold BTC which will rocket due to this.

Everyone thinks it's going to have a negative impact on BTC, I think differently.

hmmmstrange

hero member

Activity: 669

Merit: 500

Quote from: G3nijalac on July 26, 2017, 06:37:41 AM

I myself will BOYKOT BCC wont claim any free coins they give and recommend everyone who has BTC longterm wellbeing in mind to do the same.
Best Regards Wink

Lets see how many bcc we can get sent to 1BitcoinEaterAddressDontSendf59kuE

loshia

legendary

Activity: 1610

Merit: 1000

Quote from: evergrow on July 26, 2017, 07:05:18 AM

Quote from: denam on July 26, 2017, 06:55:20 AM

Quote from: loshia on July 26, 2017, 06:50:41 AM

Quote from: evergrow on July 26, 2017, 06:43:01 AM

should I receive any BCC I'll just sell them the same way I sold ETC. Even though it clearly is a shit altcoin you could also wait and see if there is a short term increase. Nearly unimaginable to me but there's a tiny possibility this could happen

Sell them only if you MINED them otherwise you are going to sell your BTC at price of BCC Wink

I had same impression that it will work like ETH/ETC case but it is much more complicated. Things are not this simple as seem after reading different point of views. It would be better to keep holding and let the things clear before touching my coins. It is messy everything whatever is revolving around here whole scenario.

Ah yeah good, no I'm not interested in BCC at all. I'm only interested in BTC and I would never even think of selling BTC to get BCC. It's just a random alt.

You are not getting whole point dude. The sad part is that 99% of the people will hook and loose all of their hard earned BTC selling them at BCC exchange rate without knowing what are they doing...
Any way i am getting tired explaining whole thing.
If you wanna dive into BCC then a safe advise for all of you:
1. Use another account (email/user/pass) on same exchange not the one where your BTC are. Side effect it will have 0 BCC at start and 0 FREE coins Grin

. If exchange give you some as a gift that is fine take them and sell them

But do not ever mix you BTC with BCC
2. BUY or sell BCC from there only
3. Mine BCC if you wish and use a payout address on your BCC exchange ACCOUNT
4. PERIOD
5. If someday BTC value is lower than BCC value and you have the option to convert BTC to BCC 1:1 ratio as advertised (i doubt it will happen) then go ahead and do it. Otherwise keep things completely separated BTC and BCC

Newton90

sr. member

Activity: 463

Merit: 256

are you serious guys?freedom of choice? Grin

https://www.coindesk.com/bitcoin-unrealistic-bip-91-creator-scaling-segwit2x/

https://medium.com/@lukeparker/the-trust-attack-a6241a08a9cd

don't be surprised if I shall banned and/or my post deleted.

G3nijalac

member

Activity: 120

Merit: 10

Quote from: jay8291 on July 26, 2017, 07:04:33 AM

Quote from: G3nijalac on July 26, 2017, 06:37:41 AM

I myself will BOYKOT BCC wont claim any free coins they give and recommend everyone who has BTC longterm wellbeing in mind to do the same.
Best Regards Wink

Send them to me then.. i will accept it.. Wink

how can i send you what i dont and wont have?
think before you post

evergrow

sr. member

Activity: 426

Merit: 256

Quote from: denam on July 26, 2017, 06:55:20 AM

Quote from: loshia on July 26, 2017, 06:50:41 AM

Quote from: evergrow on July 26, 2017, 06:43:01 AM

should I receive any BCC I'll just sell them the same way I sold ETC. Even though it clearly is a shit altcoin you could also wait and see if there is a short term increase. Nearly unimaginable to me but there's a tiny possibility this could happen

Sell them only if you MINED them otherwise you are going to sell your BTC at price of BCC Wink

I had same impression that it will work like ETH/ETC case but it is much more complicated. Things are not this simple as seem after reading different point of views. It would be better to keep holding and let the things clear before touching my coins. It is messy everything whatever is revolving around here whole scenario.

Ah yeah good, no I'm not interested in BCC at all. I'm only interested in BTC and I would never even think of selling BTC to get BCC. It's just a random alt.

jay8291

sr. member

Activity: 812

Merit: 251

I-CHAIN - The Revolution of Digital Advertising

Quote from: G3nijalac on July 26, 2017, 06:37:41 AM

I myself will BOYKOT BCC wont claim any free coins they give and recommend everyone who has BTC longterm wellbeing in mind to do the same.
Best Regards Wink

Send them to me then.. i will accept it.. Wink

jay8291

sr. member

Activity: 812

Merit: 251

I-CHAIN - The Revolution of Digital Advertising

Quote from: BTC-BTC-BTC on July 25, 2017, 12:16:26 PM

Quote from: ebliever on July 25, 2017, 12:12:12 PM

Quote from: jay8291 on July 25, 2017, 11:50:32 AM

Electrum denies any involvement with you guys & yet you mention electrum cash as compatible. Have you forked off electrum too to make electrum cash ?

And why should we trust any "wallets" that suddenly show up claiming to be able to split out BTC and BCC? It seems likely to me that we will see scammers producing fake wallets for people to load their private keys into, trying to profit by dumping BCC. Next thing they know the private keys will be in the hands of the scammers and their BTC will all be stolen.

In other words: Don't trust any "BCC compatible wallets" without having them thoroughly vetted by someone you trust first.

We should move our Bitcoins before we claim the BCC just on the safe side. Always have a safe practice.

Exactly. everyone should should move their bitcoin to another wallets and wait for some confirmations before entering Private keys to BCC wallet. After that label the address as never to use again in lifetime..

denam

sr. member

Activity: 896

Merit: 251

Quote from: loshia on July 26, 2017, 06:50:41 AM

Quote from: evergrow on July 26, 2017, 06:43:01 AM

should I receive any BCC I'll just sell them the same way I sold ETC. Even though it clearly is a shit altcoin you could also wait and see if there is a short term increase. Nearly unimaginable to me but there's a tiny possibility this could happen

Sell them only if you MINED them otherwise you are going to sell your BTC at price of BCC Wink

I had same impression that it will work like ETH/ETC case but it is much more complicated. Things are not this simple as seem after reading different point of views. It would be better to keep holding and let the things clear before touching my coins. It is messy everything whatever is revolving around here whole scenario.

loshia

legendary

Activity: 1610

Merit: 1000

Quote from: Bartimer on July 26, 2017, 06:35:06 AM

Sorry if this obvious, but why would selling these 100 BCC result in selling the BTC as well? (wouldn't the BTC be on another fork, hence different and unrelated to the BCC?)

No it is not obvious Wink

espesialy with free stuff as advertised. I am not an expert and i will aprechate clear explanation from BCC dev here. Let them explain instead of me. Where are FREE BCC coming from? What is happening to my BTC funds when i spent BCC which are earned !!!!WHITHOUT!!! mining . I repeat key part is !!!WITHOUT MINING!!! or without BUYING THEM

Let them explain instead of me.....

loshia

legendary

Activity: 1610

Merit: 1000

Quote from: evergrow on July 26, 2017, 06:43:01 AM

should I receive any BCC I'll just sell them the same way I sold ETC. Even though it clearly is a shit altcoin you could also wait and see if there is a short term increase. Nearly unimaginable to me but there's a tiny possibility this could happen

Sell them only if you MINED them otherwise you are going to sell your BTC at price of BCC Wink

evergrow

sr. member

Activity: 426

Merit: 256

should I receive any BCC I'll just sell them the same way I sold ETC. Even though it clearly is a shit altcoin you could also wait and see if there is a short term increase. Nearly unimaginable to me but there's a tiny possibility this could happen

G3nijalac

member

Activity: 120

Merit: 10

I myself will BOYKOT BCC wont claim any free coins they give and recommend everyone who has BTC longterm wellbeing in mind to do the same.
Best Regards Wink

Bartimer

newbie

Activity: 5

Merit: 0

Quote from: loshia on July 26, 2017, 05:20:48 AM

Quote from: NrX on July 26, 2017, 04:10:56 AM

Let those guys make another altcoin and to be honest it is good for many who holds Bitcoin to get free of those coins. It may cause of decline of value for real Bitcoin for temporary period but good recovery on the other side. It isn't bad to receive when it is totally free. i am ready to make some money with these BCC coins.

Not quite true dude. There is no such thing as a free lunch Grin

Let us pretend that you have 100 BTC and get 100 bcc for free as you think. So far so good. Now the funny part begins. You sell 100 of your FREE BCC at 100 usd per coin let us say. What the hell you are making 10K usd for free right?All of a sudden you do realize that you have ZERO BTC left in your wallet. Imagine that BTC value at this moment is around 2100 usd. You are at 200K USD loss just to get and trade 100 free bcc and earn 10K free? I bet this is a deal you can not resist Grin

And a lot of folks will do it just because it is free right Wink

without knowing what they are doing but just because it is free.
Nothing comes for free in life!!!!
Some of us learn it in school - easy way
Some of us learn it loosing money-hard way
But once lesson is learned you are good to go with free stuff flooded everywhere in this forum and in general

Sorry if this obvious, but why would selling these 100 BCC result in selling the BTC as well? (wouldn't the BTC be on another fork, hence different and unrelated to the BCC?)

loshia

legendary

Activity: 1610

Merit: 1000

Quote from: qiman on July 26, 2017, 06:10:47 AM

We make exchanges a lot of money trading day in and day out, I think they should be kind enough to give us our FREE BCC. It is only fair, they need us as much as we need them so let us all lobby POLONIEX and the other exchanges to give us what is rightfully ours.

Please Please read my post about FREE BCC in previous page and stop LYING PEOPLE
If i am not correct about FREE part i will be glad to read your reply here!
10X
The reality is that your BTC will be converted 1:1 Ratio.
BUT when you sell such BCC (which are not earned by mining) what you actually do is that you SELL YOUR BTC AT BCC exchange rate! PERIOD!
MORE OVER ALL BCC earned by mining are not convertible to BTC at one to one ratio. If you want convert them you will have to:
got trough SELL BCC->CASH->Buy BTC or use exchange rate which will not be 1:1 unless BOTH 1 BTC and 1 BCC cost 1K USD for example

qiman

hero member

Activity: 1036

Merit: 504

We make exchanges a lot of money trading day in and day out, I think they should be kind enough to give us our FREE BCC. It is only fair, they need us as much as we need them so let us all lobby POLONIEX and the other exchanges to give us what is rightfully ours.

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 913. (Read 703509 times)