Topic: Aug 1 summary - page 30. (Read 96452 times)
Bitcoin split may still happen so it means that it really didnt happen am i right? I just really dont get it if it fails whats the purpose of creating an altcoin. Tho i am still glad that btc is doing fine and that is more important
I was lost right HERE >2. Create a totally new logical wallet with a new mnemonic, etc. Just creating new addresses is not sufficient: the new wallet needs to be completely separate from the old one. The new wallet's private keys should be under your personal control just in case your transaction is replayed or something else goes wrong. Make sure you have backups of the new wallet.
Is this a new BTC wallet or new BCH wallet?
Then> 3. Send all of the BTC in your old wallet to your new wallet
Is that new BTC wallet or New BCH
Is this a new BTC wallet or new BCH wallet?
Then> 3. Send all of the BTC in your old wallet to your new wallet
Is that new BTC wallet or New BCH
Can someone help me out with something?
I had my bitcoins at a site before and I waited for BCash to come into existence after which I was planning to redeem my Bitcoins to my wallet which I did.
How may I now claim BCash? Am I eligible to get them or was it a perk for those who had their bitcoins at exchanges already?
I had my bitcoins at a site before and I waited for BCash to come into existence after which I was planning to redeem my Bitcoins to my wallet which I did.
How may I now claim BCash? Am I eligible to get them or was it a perk for those who had their bitcoins at exchanges already?
thanks for your informatin sir .
all is clear
all is clear
Lauda, thank you! All is clear now. Just tried to double check my logic. )
case 1)
OLD WALLET BTC DEPO 1 BTC AUG 1 BTC INCOME 0.1BTC TRANSFER TO NEW BTC WALLET, REDEEM BCH WITH OLD WALLET SEED
==========================^=============^==========================^==============================
1.1 BTC & 1 BCH.OLD WALLET BTC DEPO 1 BTC AUG 1 BTC INCOME 0.1BTC TRANSFER TO NEW BTC WALLET, REDEEM BCH WITH OLD WALLET SEED
==========================^=============^==========================^==============================
case 2)
OLD WALLET BTC DEPO 1 BTC BTC INCOME 0.1BTC AUG 1 TRANSFER TO NEW BTC WALLET, REDEEM BCH WITH OLD WALLET SEED
==========================^=============^==========================^==============================
What will be the the result in each case?
1.1 BTC & 1.1 BCH.OLD WALLET BTC DEPO 1 BTC BTC INCOME 0.1BTC AUG 1 TRANSFER TO NEW BTC WALLET, REDEEM BCH WITH OLD WALLET SEED
==========================^=============^==========================^==============================
What will be the the result in each case?
Just use your brain. Think of the fork as a snapshot of existing balances at the time of the fork.
Sorry guys for noob questions. What will happen if I receive some BTC to the "old" wallet, which private keys was imported to new BCash wallet?
Presume I will get the same amount in BCH to the BCash wallet.
And the second question if the splitting BCH from BTC affects only coins I had before Aug 1, do someone aware of exact "milestone" time of the day?
Presume I will get the same amount in BCH to the BCash wallet.
And the second question if the splitting BCH from BTC affects only coins I had before Aug 1, do someone aware of exact "milestone" time of the day?
Let me picture this with timeline
case 1)
OLD WALLET BTC DEPO 1 BTC AUG 1 BTC INCOME 0.1BTC TRANSFER ALL TO NEW BTC WALLET REDEEM BCH WITH OLD WALLET SEED
==========================^=============^=======================^===========================^===========
case 2)
OLD WALLET BTC DEPO 1 BTC BTC INCOME 0.1BTC AUG 1 TRANSFER ALL TO NEW BTC WALLET REDEEM BCH WITH OLD WALLET SEED
==========================^=============^=======================^===========================^===========
What will be the the result in each case?
Noob here. Just a week into this, so pardon my hard ignorance. I'm learning as fast as I can.
I had half my coins on Poloniex (now I see what a mistake that was). If I withdraw, and then do the split using the guide here, will I get the BCH?
I had half my coins on Poloniex (now I see what a mistake that was). If I withdraw, and then do the split using the guide here, will I get the BCH?
instead create new ELECTRUM wallet,can i transfer my BTC To exchanger?so my computer will have no BTC(my BTC will be in exchanger),and then i install BCC wallet using the same computer to claim MY BCC,can i do this or not?please someone tell me,thank you very much.
can someone please answer my question?
I dont think you understand whats happened. The btc chain forked and now there is two chains. 1: Bitcoin (original) 2: Bitcoin Cash (new Alt currency) If you had coins on 1: Bitcoin (original) first and had them through the fork then those coins will be on both chains concurrently
Executive summary
Bitcoin is working fine and you can use it as you were before, possibly with slightly more reorg risk for a while.
The BIP91/BIP148 split didn't occur
As had been expected for the last week or so, the big potential split which caused all of the Aug 1 hubbub didn't happen, due to BIP91/BIP148 succeeding. There's a small chance that this split could still happen sometime between now and around Aug 10, but it looks very unlikely at this point.
Bcash split, creating an altcoin
If you had some number of BTC as of approximately 14:00 UTC, and if these bitcoins were secured by private keys controlled by you or in a Bcash-supporting online wallet, it is now possible for you to claim the same number of Bcash coins (BCH/BCC). Bcash is an altcoin based on Bitcoin; since it split, it is now 100% independent from Bitcoin other than the carried-over balances.
Bcash claims to have replay protection, but this is only a Bcash miner policy. Any Bcash miner could still replay transactions. Therefore, you can't safely rely on it.
Instructions for safely splitting your BCH from your BTC
Here are general split instructions. If your wallet software gives different instructions, use those instead.
These are the best instructions I could come up with quickly. Maybe someone will eventually come up with a more convenient way of doing it. Note that while I believe these instructions to be safe and reasonable, you are solely responsible for your safety here.
1. Decide whether you want to bother splitting your coins at all. Is it actually worthwhile to remove your coins from cold storage (or whatever)? If you take no particular action and continue using Bitcoin as normal, then your BCH is likely (but not guaranteed) to remain associated with the current private keys due to BCH's pseudo-replay-protection; you could therefore maybe claim your BCH later on if you want. If you want to claim your BCH now, continue to the next steps.
2. Create a totally new logical wallet with a new mnemonic, etc. Just creating new addresses is not sufficient: the new wallet needs to be completely separate from the old one. The new wallet's private keys should be under your personal control just in case your transaction is replayed or something else goes wrong. Make sure you have backups of the new wallet.
3. Send all of the BTC in your old wallet to your new wallet, and wait until this transaction has 30 confirmations. (If you are really itching to get your BCH, it would not be totally crazy to wait for as few as 3 confirmations, but there is some risk with that.) Note that sending all of your BTC in a single transaction is likely to be harmful to your privacy; if you care about this, you might want to send it in several smaller transactions to several different addresses on the new wallet.
4. On a separate computer that you wouldn't too much mind being compromised, install a BCash wallet such as one of the ones listed on bitcoincash.org. (Warning: some Bcash wallets are known to overwrite important files belonging to their Bitcoin counterparts.) Or use a Web-based exchange/wallet supporting Bcash. Import the private keys from your old, now-empty Bitcoin wallet into this Bcash wallet. Now you have BCH which you can handle as you wish. Note that BCH transactions may be very slow to confirm for a couple of days.
Continuing risks
Although I am giving a general "all clear" at this point because the risk of serious issues has dropped substantially, some turbulence is still possible due to BIP91/BIP148 and the rollout of SegWit:
- If you are using a full-node wallet (eg. Bitcoin Core), you should require 30 confirmations for high-value, untrusted incoming transactions until SegWit locks in around Aug 10. Although seemingly quite unlikely at this point, it is possible that miners could fail to enforce BIP91/BIP148, which could cause very long reorgs (ie. confirmations could disappear, allowing double-spending). This seems unlikely enough that I probably wouldn't require extra confirmations for "normal" transactions, but if you absolutely cannot tolerate any particular transaction being reversed, then waiting for 30 confirmations would be most prudent.
- If you are using a lightweight wallet, you should require 30 confirmations for all untrusted incoming transactions until SegWit locks in around Aug 10, and again for a couple of weeks after SegWit finally activates around Aug 24. Long reorgs or even persistent splits are possible if miners fail to properly enforce the rules of BIP91, BIP148, or SegWit, and lightweight wallets are particularly poor at handling such things because they will blindly accept invalid, probably-soon-to-be-orphaned blocks.
- I don't recommend putting much BTC on hosted wallets / exchanges generally. Exactly how the above risks would be translated to these services will vary depending on how each service handles deposits, reorgs, and double-spends.
Bitcoin is working fine and you can use it as you were before, possibly with slightly more reorg risk for a while.
The BIP91/BIP148 split didn't occur
As had been expected for the last week or so, the big potential split which caused all of the Aug 1 hubbub didn't happen, due to BIP91/BIP148 succeeding. There's a small chance that this split could still happen sometime between now and around Aug 10, but it looks very unlikely at this point.
Bcash split, creating an altcoin
If you had some number of BTC as of approximately 14:00 UTC, and if these bitcoins were secured by private keys controlled by you or in a Bcash-supporting online wallet, it is now possible for you to claim the same number of Bcash coins (BCH/BCC). Bcash is an altcoin based on Bitcoin; since it split, it is now 100% independent from Bitcoin other than the carried-over balances.
Bcash claims to have replay protection, but this is only a Bcash miner policy. Any Bcash miner could still replay transactions. Therefore, you can't safely rely on it.
Instructions for safely splitting your BCH from your BTC
Here are general split instructions. If your wallet software gives different instructions, use those instead.
These are the best instructions I could come up with quickly. Maybe someone will eventually come up with a more convenient way of doing it. Note that while I believe these instructions to be safe and reasonable, you are solely responsible for your safety here.
1. Decide whether you want to bother splitting your coins at all. Is it actually worthwhile to remove your coins from cold storage (or whatever)? If you take no particular action and continue using Bitcoin as normal, then your BCH is likely (but not guaranteed) to remain associated with the current private keys due to BCH's pseudo-replay-protection; you could therefore maybe claim your BCH later on if you want. If you want to claim your BCH now, continue to the next steps.
2. Create a totally new logical wallet with a new mnemonic, etc. Just creating new addresses is not sufficient: the new wallet needs to be completely separate from the old one. The new wallet's private keys should be under your personal control just in case your transaction is replayed or something else goes wrong. Make sure you have backups of the new wallet.
3. Send all of the BTC in your old wallet to your new wallet, and wait until this transaction has 30 confirmations. (If you are really itching to get your BCH, it would not be totally crazy to wait for as few as 3 confirmations, but there is some risk with that.) Note that sending all of your BTC in a single transaction is likely to be harmful to your privacy; if you care about this, you might want to send it in several smaller transactions to several different addresses on the new wallet.
4. On a separate computer that you wouldn't too much mind being compromised, install a BCash wallet such as one of the ones listed on bitcoincash.org. (Warning: some Bcash wallets are known to overwrite important files belonging to their Bitcoin counterparts.) Or use a Web-based exchange/wallet supporting Bcash. Import the private keys from your old, now-empty Bitcoin wallet into this Bcash wallet. Now you have BCH which you can handle as you wish. Note that BCH transactions may be very slow to confirm for a couple of days.
Continuing risks
Although I am giving a general "all clear" at this point because the risk of serious issues has dropped substantially, some turbulence is still possible due to BIP91/BIP148 and the rollout of SegWit:
- If you are using a full-node wallet (eg. Bitcoin Core), you should require 30 confirmations for high-value, untrusted incoming transactions until SegWit locks in around Aug 10. Although seemingly quite unlikely at this point, it is possible that miners could fail to enforce BIP91/BIP148, which could cause very long reorgs (ie. confirmations could disappear, allowing double-spending). This seems unlikely enough that I probably wouldn't require extra confirmations for "normal" transactions, but if you absolutely cannot tolerate any particular transaction being reversed, then waiting for 30 confirmations would be most prudent.
- If you are using a lightweight wallet, you should require 30 confirmations for all untrusted incoming transactions until SegWit locks in around Aug 10, and again for a couple of weeks after SegWit finally activates around Aug 24. Long reorgs or even persistent splits are possible if miners fail to properly enforce the rules of BIP91, BIP148, or SegWit, and lightweight wallets are particularly poor at handling such things because they will blindly accept invalid, probably-soon-to-be-orphaned blocks.
- I don't recommend putting much BTC on hosted wallets / exchanges generally. Exactly how the above risks would be translated to these services will vary depending on how each service handles deposits, reorgs, and double-spends.
That is why I said that I though that the ledger and the trezor were perhaps good, but the trezor method had proven to be compromised - leaving only the ledger.
I had initially ordered a ledger but back ordered until September 4. I then found another place that I could get the ledger by next week, so I ordered another one, and I should have if by early next week, hopefully.
Maybe there will be some other solutions that are established before next week. It would be a good business for an exchange to offer such a service, and maybe charge a small coin splitting fee? They probably would increase their customers
There is no reason to rush claiming anyways. A lot of the exchanges such as Bittrex don't have working deposits, and with the lack of methods for claiming/dumping, the price of BCH is artificially high. I'd rather wait another week or two than risk losing funds.I had initially ordered a ledger but back ordered until September 4. I then found another place that I could get the ledger by next week, so I ordered another one, and I should have if by early next week, hopefully.
Maybe there will be some other solutions that are established before next week. It would be a good business for an exchange to offer such a service, and maybe charge a small coin splitting fee? They probably would increase their customers
where is the official btcc wallet so i can import my private keys and claim my free money?
Bitcoin ABC I believe.Many exchanges confusingly gave ticker BCC to Bitcoin Cash. It should be BCH!
BCC is already in use for Bitconnect Coin.
Correct. I do not understand why some people insist on BCC. It adds to the confusion as it is already taken. They should have gone with BCash - BCH.BCC is already in use for Bitconnect Coin.
Thanks for this short tutorial.
I did a split yesterday evening on my Electrum wallet / Electron Cash wallet setup on two different computers.
Read the whole story (stories) here:
Preparing My Local Electrum Wallet For Bitcoin Cash
Electron Cash Wallet Synchronised And I Have All My Bitcoin Cash (BCC) In It
Where To Sell Your Bitcoin Cash? If You Really Want To Sell ...
Good luck!
I did a split yesterday evening on my Electrum wallet / Electron Cash wallet setup on two different computers.
Read the whole story (stories) here:
Preparing My Local Electrum Wallet For Bitcoin Cash
Electron Cash Wallet Synchronised And I Have All My Bitcoin Cash (BCC) In It
Where To Sell Your Bitcoin Cash? If You Really Want To Sell ...
Good luck!
Is BCH and BCC are different coins? Can I split into both same priv key?
Yes and no
Many exchanges confusingly gave ticker BCC to Bitcoin Cash. It should be BCH!
BCC is already in use for Bitconnect Coin.
I suppose that the exchanges won't be changing the name of the ticker. They don't care about it.
2. Create a totally new logical wallet with a new mnemonic, etc. Just creating new addresses is not sufficient: the new wallet needs to be completely separate from the old one. The new wallet's private keys should be under your personal control just in case your transaction is replayed or something else goes wrong. Make sure you have backups of the new wallet.
3. Send all of the BTC in your old wallet to your new wallet, and wait until this transaction has 30 confirmations. (If you are really itching to get your BCH, it would not be totally crazy to wait for as few as 3 confirmations, but there is some risk with that.) Note that sending all of your BTC in a single transaction is likely to be harmful to your privacy; if you care about this, you might want to send it in several smaller transactions to several different addresses on the new wallet.
4. On a separate computer that you wouldn't too much mind being compromised, install a BCash wallet such as one of the ones listed on bitcoincash.org. (Warning: some Bcash wallets are known to overwrite important files belonging to their Bitcoin counterparts.) Or use a Web-based exchange/wallet supporting Bcash. Import the private keys from your old, now-empty Bitcoin wallet into this Bcash wallet. Now you have BCH which you can handle as you wish. Note that BCH transactions may be very slow to confirm for a couple of days.
3. Send all of the BTC in your old wallet to your new wallet, and wait until this transaction has 30 confirmations. (If you are really itching to get your BCH, it would not be totally crazy to wait for as few as 3 confirmations, but there is some risk with that.) Note that sending all of your BTC in a single transaction is likely to be harmful to your privacy; if you care about this, you might want to send it in several smaller transactions to several different addresses on the new wallet.
4. On a separate computer that you wouldn't too much mind being compromised, install a BCash wallet such as one of the ones listed on bitcoincash.org. (Warning: some Bcash wallets are known to overwrite important files belonging to their Bitcoin counterparts.) Or use a Web-based exchange/wallet supporting Bcash. Import the private keys from your old, now-empty Bitcoin wallet into this Bcash wallet. Now you have BCH which you can handle as you wish. Note that BCH transactions may be very slow to confirm for a couple of days.
Thanks for the info. Questions:
1. If I import the private keys from my old, now-empty Bitcoin wallet into the new Bcash wallet, does this mean that the my new Bcash wallet will have the old BTC addresses, which are now empty?
2. If someone were to send me BTC to my old BTC address, I could still use my old wallet to retrieve those coins, right?
Yes on both questions. Your new BCH wallet will have the complete history prior to the hardfork.
where is the official btcc wallet so i can import my private keys and claim my free money?
where is the official btcc wallet so i can import my private keys and claim my free money?
Exactly i have the same question because i imported my private key by mistake in electron cash wallet ( which can scam me 
) .So herr i am waiting , and also want to request the team that please provide the bcc WALLET as soon as possible because we can't wait more and also don't want to go in any third party wallet .
How exactly did electron scam you?
Sorry guys for noob questions. What will happen if I receive some BTC to the "old" wallet, which private keys was imported to new BCash wallet?
Presume I will get the same amount in BCH to the BCash wallet.
And the second question if the splitting BCH from BTC affects only coins I had before Aug 1, do someone aware of exact "milestone" time of the day?
Presume I will get the same amount in BCH to the BCash wallet.
And the second question if the splitting BCH from BTC affects only coins I had before Aug 1, do someone aware of exact "milestone" time of the day?
BTC and BCH are now two separate coins. You can't send both at the same time, it's not possible. If someone sends you BTC, you will only receive BTC.
where is the official btcc wallet so i can import my private keys and claim my free money?
Exactly i have the same question because i imported my private key by mistake in electron cash wallet ( which can scam me ) .So herr i am waiting , and also want to request the team that please provide the bcc WALLET as soon as possible because we can't wait more and also don't want to go in any third party wallet .
Coinbase has handled hard forks before. With Ethereum, they chose not to offer long-term support ETC and let people withdraw them for a couple of months before dropping support.
In their FAQ they say they'll handle hard forks on a case-by-case basis. I see no reason to suspect that they'd completely fuck over every single one of their bitcoin customers by just throwing away or keeping their coins on the "losing" chain.
At this point, there's really no reason for them to make a decision or even pick a side. Deciding what to do now could backfire on them, so it makes sense to just wait to see what happens.
In their FAQ they say they'll handle hard forks on a case-by-case basis. I see no reason to suspect that they'd completely fuck over every single one of their bitcoin customers by just throwing away or keeping their coins on the "losing" chain.
At this point, there's really no reason for them to make a decision or even pick a side. Deciding what to do now could backfire on them, so it makes sense to just wait to see what happens.
Good afternoon!
Sorry for the stupid questions, but finally got confused.
If I have Bitcoin Core on my PC and I install Bitcon ABC on the same PC in another folder with activation of my wallet.dat, will I get the same amount of BBC coin on this purse?
Example: we have 1 BTC, set Bitcon ABC gets 1 BCC? Do I lose my 1 BTC?
Next, I sell 1 BCC somewhere for 0.5 BTC, I transfer to the old Bitcoin Core and I get 1.5 BTC in TOTAL?
And how much time do I have for such actions, if they are true?
Sorry if I'm stupid. )))) I ask for clarification.
Sorry for the stupid questions, but finally got confused.
If I have Bitcoin Core on my PC and I install Bitcon ABC on the same PC in another folder with activation of my wallet.dat, will I get the same amount of BBC coin on this purse?
Example: we have 1 BTC, set Bitcon ABC gets 1 BCC? Do I lose my 1 BTC?
Next, I sell 1 BCC somewhere for 0.5 BTC, I transfer to the old Bitcoin Core and I get 1.5 BTC in TOTAL?
And how much time do I have for such actions, if they are true?
Sorry if I'm stupid. )))) I ask for clarification.
Jump to: