What Bitcoin Unlimited supporters fail to realize is that you lose the "antique" value when you modify the old.
It would be like an auto-manufacturer coming along and saying "All of the antique cars still around are using old technology so let's rebuild ALL of the originals with updated parts".
What effect would this have? Of course the cars might drive better, be safer, etc. but the appreciated value of the originals will plummet!
Old sought-after cars sell for many times their original value. Antique cars with replaced parts fetch a lot less.
Topic: BTC to BTU (Read 1573 times)
Bitcoin Unlimited, on the other hand, does not include "wipeout protection". If the amount of mining power in the BTC chain never exceeds the BTU chain, the entire BTU chain will be discarded (unless users in the BTU chain act fast enough to avoid it.) If both chains survive, and you control your private keys , You will have coins on both sides of the fork.But as mentioned, it will be tricky to spend coins in a chain without accidentally spending the equivalent on the other side.
These new coins are the only coins that do not exist in both chains and can not, therefore, be spent on both. Combining these new coins with old coins will effectively divide your BTCs from the Btu.
These new coins are the only coins that do not exist in both chains and can not, therefore, be spent on both. Combining these new coins with old coins will effectively divide your BTCs from the Btu.
I have some btc online in my blockchain.info wallet , anyone knows if I will be able to receive BTU if a fork happened
can't find an announcement from blockchain wallet about this matter so hopefully someone here knows
can't find an announcement from blockchain wallet about this matter so hopefully someone here knows
To keep your money you might just buy some coins you think is going to keep your money as is because during the hard fork, BTC will loose its value int he process. The value of the coins will also be split along with the chain. Now there are coins being alt as they are. Try your luck there there. Buy back our BCC or BCU once its over, i'm sure these coins sill still continue to dip after though. Chose the best alt for your money. I suggest ETC or some anon coins like MONERO.
Nice option monero I believe
To keep your money you might just buy some coins you think is going to keep your money as is because during the hard fork, BTC will loose its value int he process. The value of the coins will also be split along with the chain. Now there are coins being alt as they are. Try your luck there there. Buy back our BCC or BCU once its over, i'm sure these coins sill still continue to dip after though. Chose the best alt for your money. I suggest ETC or some anon coins like MONERO.
Check out this topic, it has a lot of information on how to procede if network splits:
Hard Fork guide (if it will happen) https://bitcointalksearch.org/topic/hard-fork-guide-if-it-will-happen-1644949
In case of split the safest think is to have the coins in addresses you control, online wallets don't necessarily support both chains, you need to check prior to split if they will support both chains.
Hard Fork guide (if it will happen) https://bitcointalksearch.org/topic/hard-fork-guide-if-it-will-happen-1644949
I also have a question like yours, however, I only own a small amount of BTC, I very much hope I can get something from it. Thanks to your pedrog for the answer, it is very helpful, i will learn more information and implement it. What I care about at the moment, I want to know whether online wallets accept BTU. And where can i get the BTC at the present time to get the BTU
In case of split the safest think is to have the coins in addresses you control, online wallets don't necessarily support both chains, you need to check prior to split if they will support both chains.
ardFork is a good job, I think so, and I agree with lottery248. The core BTC is the only legitimate technology internationally recognized, and blockchain is a modern and nice system, although it still encounters some bugs. The BTU is made up and it's trying to race with bitcoin, it wants a value, but it's ruining bitcoin. BTU formation will cause certain consequences.
disclaimer: i am not experienced as well.
bitcoin unlimited is probably attempting to attack the bitcoin core, it has a problem because the majority use of bitcoin software type will affect how the bitcoin blockchain system. bitcoin core is the only legitimate original bitcoin software as of now.
bitcoin unlimited is probably attempting to attack the bitcoin core, it has a problem because the majority use of bitcoin software type will affect how the bitcoin blockchain system. bitcoin core is the only legitimate original bitcoin software as of now.
I also have a question like yours, however, I only own a small amount of BTC, I very much hope I can get something from it. Thanks to your pedrog for the answer, it is very helpful, i will learn more information and implement it. What I care about at the moment, I want to know whether online wallets accept BTU. And where can i get the BTC at the present time to get the BTU
Thank you so much, pedrog, for your quick reply ;-)
Yes you will, just make sure you have backups of your private keys.
If a split happens you'll have BCC and BCU coins, you'll double your coins but, most likely, lose half of the value in the process.
You should not move your coins for some time after the split to make sure everything is working fine in both chains and it is safe to move your coins.
If a split happens you'll have BCC and BCU coins, you'll double your coins but, most likely, lose half of the value in the process.
You should not move your coins for some time after the split to make sure everything is working fine in both chains and it is safe to move your coins.
I'm very new to the concept and would like to know about the possible HardFork of BTU.
I have created my wallet using Bitcoin Core, and I have lot of BTC. My question is: would I be able to use it for BTU in case I found it worth?
Please let me know. Thank you all ;-)
I have created my wallet using Bitcoin Core, and I have lot of BTC. My question is: would I be able to use it for BTU in case I found it worth?
Please let me know. Thank you all ;-)
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