Just when you thought you could just nap during the split and come out bitcoin Richy Rich, you get another huge kick in the nuts!
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People are receiving an email from the Independent Reserve exchange earlier today detailing their plans with regard to UAHF/BitcoinCash.
If you leave your coins on the exchange, they make it clear they will take ownership of those coins on the UAHF fork, and the customer has no right to them.
This is a supplement to our UASF announcement made on July 15th, and concerns the Bitcoin User Activated Hard Fork proposal (UAHF).
User Activated Hard Fork (UAHF), including Bitcoin ABC, is a proposal to alter the Bitcoin protocol by creating a new fork of the Bitcoin software, which will operate on its own separate blockchain. Further details are available here:
https://www.bitcoinabc.org/The UAHF is scheduled to activate on approximately August 1, 2017.
The UAHF differs to UASF because it is incompatible with the current Bitcoin protocol and will create a separate blockchain.
Should the UAHF activate, Independent Reserve will not support the new UAHF blockchain or its associated coin (Bitcoin Cash). Any Bitcoin within customer accounts will remain accessible over the main blockchain only, and will not be converted into coins on the UAHF chain.
If you wish to ensure that you have access to any resultant UAHF coins, please withdraw your Bitcoin from Independent Reserve prior to July 30th, 18:00 UTC+10.
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So they're gonna keep your split coins.
See how that works?
This is EXACTLY the kind of mess I was expecting - and much worse. Expect this trend to continue and for some ugly surprises after the actual splits.