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Stage 22: 2017-07-26 00:01 Forum time - 2017-08-24 23:59 Forum Time
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Payments shipped? Was I missed?
Not yet. I haven't received either. We need to be more patient.
They are paying already 2 years, always on time so I don't worry about payments.
This is my concern: Betcoin is already choosing a chain before it's decided which chain gets the most support....we don't have access to any of our private keys....if we can't get our BTC off site before the split, then we are losing....right?
Your comment has a lot of assumptions.
There is no question about which chain has the most support, there is only a question about whether to recognize bitcoin cash, at all.
I doubt anyone is trying to figure out which chain is going to have majority support, especially when one of them (hint: bitcoin cash) is a renegade chain of a bunch of immature nutjobs who are engaging in opportunism, disruption and emotional self-centeredness.
If you think that there is any debate on the topic, then probably you have been hanging out too much at r/btc.
No....I received emails from coinbase, xapo, several exchanges....etc....all stopping deposits and withdrawals until the dust settles....it's not assumption.....so if i can't get my coin off of betcoin before those exchangers temporarily close down, then my bitcoin is stuck.....AND bitcoin cash (BCC) isn't an assumption.....it's gonna be a fork....and it WILL have value. So, if we can't secure our coin into a privately secure wallet before the split, then we are losing any value attributed bitcoin cash ----> not an assumption ----> a fact.
Not right at all. It depends on the wallet provider the decision on where they want to connect, But the majority of wallet provider as well as exchange will stick on BTC. Only few miner support BCC not exceeding 20%. Don't get over hype that your money will be stuck because betcoin is not an idiot.
Betcoin already made the decision:
https://www.betcoin.ag/bitcoin-hard-fork-our-position-service-will-run-no-restrictions The question is thus, who keeps the perceived profits off of the coin on the alternate chain (BCC)? The answer seems to be ---> the entity holding the private keys to the addresses those coins are held at when the fork is initiated. Who's holding those private keys and who will get the profits if we can't secure them with our own private keys? Xapo gave us the option to have the BCC automatically sold and converted to BTC and added to our balance....the exchanges have similar options....So, who gets the BCC profits held on betcoin?
EDIT: (Email from Xapo for reference)
"Important Update: Xapo and the Hard Fork
Hi cjmoles,
This communication is to explain what you can expect from Xapo in the event of a fork in the Bitcoin blockchain - which may occur on August 1st, 2017.
There is a proposal, known as Bitcoin Cash, that may create a fork in the Bitcoin network. This means that after August 1st, 2017 there may be two versions of the Bitcoin blockchain and two separate digital currencies: the original Bitcoin and Bitcoin Cash.
Xapo ensures the security of our customers’ bitcoins above all else and, in the event of a fork, your assets will be safe at Xapo.
We may, however, temporarily halt incoming and outgoing transfers from the Bitcoin network until we confirm that such transfers can be done safely.
We may also temporarily suspend the Xapo Debit Card and the conversion from dollars and other currencies to bitcoin and vice versa.
In other words, your assets will be safe at Xapo but you may not be able to transact for a period of time.
In the event of two surviving blockchains, we will support one blockchain, the one with the most accumulated difficulty.
Xapo will give you the choice to withdraw the coins in the secondary blockchain or to let Xapo sell the coins in that secondary blockchain and automatically add that value to your account in the supported blockchain. There is no estimated date as to when this will be determined, as it will be only when we deem it safe and sensible to do so.
So, if you would like to make bitcoin transactions during a fork, you will need to move your bitcoins out of Xapo before 23:00hrs UTC on July 31st. Any funds in the Vault that you would like to use during a fork will need to be retrieved from the Vault no later than 23:00 hrs UTC on July 28th so you have sufficient time to send them out of Xapo before the fork.
If you want to transact with any secondary digital currency that is created after August 1st, you should move your funds out of Xapo now. We do not have an estimated date for when the other supported blockchain will be safe to transact.
At Xapo, your bitcoins are secure and we allow you to decide what to do with the coins in your account.
The Xapo Team"