Bitcoin gold fork - page 2. | Bitcointalksearch.org

Yuuto

hero member

Activity: 644

Merit: 501

Quote from: yhingsy on October 04, 2017, 08:57:13 AM

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

Think of this like an airdrop.

Should be similar to what happened on 1st August, when Bitcoin Cash was forked out of bitcoin. Even though i do not know the specifics for bitcoin gold, they will most likely take a snapshot of the bitcoin blockchain and distribute balances this way.

Whether or not you hold the bitcoin gold or convert it into bitcoin is entirely up to you.

SummerBliss

sr. member

Activity: 910

Merit: 254

The Bitcoin gold fork is still not sure to be happening on 25th Oct. They even haven't launched the testnet for miners amd they are just hushing right now. the possible fork project is disorganized, especially considering how quickly the date of the fork is coming up. But even if fork happens, holding the private keys of Bitcoin wallet will solve most of your problems. Don't keep your Bitcoin on exchanges during fork.

bitcoinjames6

newbie

Activity: 47

Merit: 0

I have a Leger Nano S - I got this just before the bitcoin cash fork and it was quite user-friendly for this fork.

MostafaGamal

sr. member

Activity: 1153

Merit: 252

yes i hear this also , but no Nothing sure , we will see , and we don't lose anything so keep the btc in your wallet and let's see what happen .

doedz

hero member

Activity: 1106

Merit: 502

Quote from: flickervn on October 04, 2017, 11:13:55 PM

buy more btc and keep in your wallet until end of this month

I am not sure for now, whether this is true will happen fork or not.
some people say this is just an issue and BTG only ICO coins are not the result of the BTC split.

flickervn

newbie

Activity: 19

Merit: 0

buy more btc and keep in your wallet until end of this month

Qunenin

hero member

Activity: 966

Merit: 506

Quote from: yhingsy on October 04, 2017, 08:57:13 AM

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

Same as the last "fork". New coins that are based on the original code are technically forks, but we have not used that terms for them. That method is closer to what Bitcoin Cash did and yet they called it a fork to make everyone that didn't get all the codes changes in Bitcoin done feel better. I dont see much changes to the original bitcoin.

aryaadikariyansyahsuwarto

full member

Activity: 714

Merit: 101

This Is Promissing Project

my advice you should always be careful in every act, especially in terms of sending to someone else's wallet wallet, make sure the address you enter is correct, because a little mistake it can be beneficial for others but harm to you. that's all my advice, whatever you do, you must be careful and do not carelessly accept the information that comes to you.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Quote from: perazdera on October 04, 2017, 02:54:11 PM

How to convert them via Blockchain.info? Can someone explain how the conversion happened with Bitcoin Cash if Bitcoin Gold conversion will be same as Bitcoin Cash?

It is a bit complicated - much more so than with the "old" blockchain.info wallets before 2015 - because Blockchain.info now uses "BIP39" addresses. That means roughly that you have a "seed phrase" which is a kind of "master password" for all your addresses. But each address still has its own private key, so it's a bit confusing ...

A tutorial is here:

How to export Blockchain wallet private key.

Really, you should do this step by step and download the BIP39 generator page, NOT using an online BIP39 generator - it may be malware!

Once you have the private keys, you import them one by one into your new "ForkBTC" client - the process is different for each client software.

Aura

sr. member

Activity: 518

Merit: 268

I'm not really informed about this specific fork but you should get your Bitcoin Gold without doing anything.
You just need to be sure that your (secret) private key is in your possession, most desktop wallets provide this feature.
When the fork happens an equivalent amount of Bitcoin Gold will be stored on your address.
After the fork can you access it by using a client for the specific fork and then importing the keys.

xaxistech

sr. member

Activity: 322

Merit: 250

I will transfer my btc to btc.com wallet at the beggining, so i will wait until i receive the equal amount of bitcoin gold, and then i will transfer my btc to my offline wallet, this is the same as i did when the first fork happened on august 1nd, obviously i will dump my bitcoin gold right after receiving them, i would not wait until the price reaches XX because i dont believe in any of the forked coins.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: emberbekas on October 04, 2017, 12:35:26 PM

Bitcoin will split again? This means another free money for bitcoin holders. This for sure a great opportunity for us. We can start buy more bitcoin and hold it on our own wallet till the fork happened.

Yes there is a fork coming up and there is a high possibility of another fork ,it is free money for sure if the split coin has any value.

Quote from: yhingsy on October 04, 2017, 08:57:13 AM

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

All you have to do is save your coins in you own wallet and not in online wallets or exchanges before the fork and it will be there in your wallet if the split happens and you do not have to do anything until the spit coin comes up with their wallet to shift your coins.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: aoluain on October 04, 2017, 11:01:34 AM

well fork it anyway, so this is a pointless fork?
lets fork the day after also, actually lets have a fork every week for fork sake

Quite possible it will turn out like that. One new bitcoin every day.
After all everybody cheeps up for free helicopter money. This until the coins dropped will have 0 value.

Either way , bitcoin gold claims to be a coin for the small miners, to get rid of corporations running asics , bla bla , lot of socialist propaganda, poor English, chinese "developer", a coin that should die in less than one month in a normal world.

Quote from: sagarnyc on October 04, 2017, 01:13:58 PM

I guess nobody knows until now what will happen with upcoming fork in November but this is great article to get educated by the founder of bitcoin and ex CTO of coinbase https://masterthecrypto.com/coinbase-segwit2x-hardfork/.

That is the segwit2x hard fork.
This one is a simple fork creating a new coin while the main chain continues it's own way.

perazdera

newbie

Activity: 40

Merit: 0

Quote from: bitcoinfactory on October 04, 2017, 11:14:41 AM

Hey I'm in the same boat as OP here, I'm currently using a blockchain.info wallet.
- Is this a proper wallet?

Quote from: d5000 on October 04, 2017, 12:17:04 PM

Blockchain.info: Yes, you can use it because they give you the private keys of all addresses. You however will have to convert them, probably, into the format used by the Bitcoin Gold wallet.

How to convert them via Blockchain.info? Can someone explain how the conversion happened with Bitcoin Cash if Bitcoin Gold conversion will be same as Bitcoin Cash?

rfcdejong

hero member

Activity: 798

Merit: 500

In my opinion, that gold bitcoin has no prospects. It, perhaps, the exchange will not support. At bcc was a major mining pools so stock exchanges and wallets supported him.

noictib

hero member

Activity: 966

Merit: 515

One of the world's leading Bitcoin-powered casinos

Quote from: yhingsy on October 04, 2017, 08:57:13 AM

Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?

Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).

Thanks for any advice.

I think here we can't say surely that everything is like case of bitcoin cash origin , Here you can see very well that hard fork doesn't meant to origin of new Coin always .
There remains always different different chances to happen new new things ( as stated in the official announcement in this forum before hard fork in bitcoin ) .
Here you need to understand well that if you have bitcoin then you should have your btc in your wallet and also needed to ready to see the official announcement Because no one can say exactly but probabilityof happening the incident is big thing here because anything can happen .
So here you should atleast have btc in your wallet official Wallet or in Any Wallet that have private key and you own the private key .
So that if new coin generate then you can easily access that coin .

sagarnyc

newbie

Activity: 36

Merit: 0

I guess nobody knows until now what will happen with upcoming fork in November but this is great article to get educated by the founder of bitcoin and ex CTO of coinbase https://masterthecrypto.com/coinbase-segwit2x-hardfork/.

overlooker

jr. member

Activity: 58

Merit: 10

Any statements from exchanges on this fork?

Anyway, this is clearly pointless fork, however, since forks can be made anytime, its value may be to persuade people that forks are useless and ignore them in the future. Value of the forked coins will be less and less every time, so soon it will not be even worth trying to sell it..

Marry Finch

full member

Activity: 364

Merit: 101

The BitcoinGold coin will automatically appear in those digital wallets, where bitcoins will be placed on the day of the fork. Therefore, anyone who wants to get this coin for free must have a bitcoin in his purse.

Rinaze

full member

Activity: 322

Merit: 100

I think Bitcoin Gold has even less reason to exist when compared to BCH (both exist because of human greed actually). At lease Bitcoin Cash claimed to be the original vision of Satoshi Nakamoto. I see Bitcoin Gold to have the least chance to get mass adopted eventually as well.

Topic: Bitcoin gold fork - page 2. (Read 1774 times)