Hard fork? BTC? BCU? - page 2. | Bitcointalksearch.org

zby

legendary

Activity: 1594

Merit: 1001

Quote from: teramit on March 20, 2017, 10:13:47 AM

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2-BTC and BCU will be seperated like any other altcoin after hardfork no relation for price.
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Mostly yes - but there is one tricky part - see www.reddit.com/r/Bitcoin/comments/4vbsgi/what_is_replay_attack/?st=j0i9ilgc&sh=fe729ee7
Apparently there is no transaction replay protection planned - so everybody will need to do it himself. If there is a fork and you have your old BTCs - you first need to send both BTC and BTU to addresses that you control, then use them as normal. If instead your first transaction will be sending BTU or BTC to some external address - then the receiver of the coins will be able to copy your transaction to the other chain and also get BTC or BTU respectively.

teramit

legendary

Activity: 1877

Merit: 1396

The Last Cryptocoin Burner

1-Multibit wallet is good for waiting you will have 10 BTC + 10 BCU (how you get BCU is another question but if you control privatekey you can use it for claim BCU)
2-BTC and BCU will be seperated like any other altcoin after hardfork no relation for price.
3-after hardfork you can buy like BTC from whoever sells.
4-anybody control BTC price ? same answer is okay.
5-bitfinex did a special thing for theirselves, BCC and BCU is not same thing that you will get if you wait in personel wallet.They only will give one of them not both of them.(BCC+BCU=BTC think like this, if BCU comes they ll convert tokens to coins if not sum of both token will be converted to BTC )
6-Yes possible and also people buy from exchanges to move out wallets like multibit and for to buy altcoins so buy-sell is in a balance.

bikerleszno

hero member

Activity: 656

Merit: 501

XBY - New Tech Coin (POSIGN) xtrabytes.global

Your answer is not good for me. I dont understand anything. Waiting for someone who can explain it much better please.

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

This should be moved to Technical Discussion, probably.

A hard fork would split the network into two block chains - in this case, one for BTC and BCU. (ref)

Think ETH vs. ETC as a current-day example.

The price would be going down (afaik) because your current bitcoins would be able to be spent within both the BCU chain and the BTC chain, independent of one another. This means trouble for the marketplace.

If I'm just spouting nonsense, then please correct me and I'll edit my post accordingly.

Also, this is an invaluable read: https://bitcoin.org/en/developer-guide

Hard fork definition

bikerleszno

hero member

Activity: 656

Merit: 501

XBY - New Tech Coin (POSIGN) xtrabytes.global

Hello,

Can anyone explain what hard fork means for normal users?

1.) If i have bitcoins in Multibit wallet something will happen to them? Do i need to do something with them?
2.) I read I will get same amount of BCU as I have BTC. So my balance will be double or if i will sell 1btc then 1bcu will disapear also? It will be both way connected? If i will sell 1bcu my 1btc will disapear also?
3.) Will it be possible to buy BCU? If yes that mean great method to buy cheap BTC if it will be the same?
4.) Anyone will control price of BCU? It should be same price like BTC because other way people can buy many BCU very cheap right?
5.) What does it mean this message : https://twitter.com/bitfinex/status/843226656940679170 ? What is split tokens? How it works and what is it?
6.) Why bitcoin price is going down? Is it because many people believes will able to buy many cheap BCU and every BCU is BTC?

Please try to explain me everything easy words and give examples.

Thanks for your time.

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