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Topic: Transaction during HARD FORK? (Read 724 times)

sr. member
Activity: 952
Merit: 267
July 29, 2017, 06:12:10 AM
#23
guyz freebitco.in announced that during hardfork event there will not be processing deposit and withdrawal request.
Almost every site not accepting deposit and withdrawal at the time of Hard Fork exchanges , gambling sites, buy and sell sites and some firect paying faucets are not accepting transaction with bitcoin at the time of Hard fork they don't want loose money of their users. You should wait.
Ctn
sr. member
Activity: 644
Merit: 259
July 29, 2017, 06:04:29 AM
#22

That is already published in the news and most/all of the transactions will be down from all wallet and exchangers. So it's better to move your coins to safer place like wallet for which you having the private keys. I'm sure then your coins will be safe.


By the way it's last day to move your coins as tomorrow is also far risky too move the coins.
legendary
Activity: 1806
Merit: 1521
July 29, 2017, 05:54:47 AM
#21
I want to believe this is something that have been a subject of discussion lately and even before the service providers and exchange sites started coming with their own release about the impending and not likely hard fork, we have been warned on the forum to avoid transactions 12 hours before the fork and also to wait for confirmations after the fork before resuming transactions for this reasons I don't expect that anybody still don't know what is going on at this moment and how to go about it.

There's two separate issues here. The first is BIP91/BIP148 orphaning of non-Segwit-signalling blocks. In this case, you can have false confirmations if miners produce non-compliant blocks that are later orphaned by a majority of miners.

The second issue is the BCC hard fork. If you don't do any preparation, then after the fork, if you transact normally, you may lose your coins on the other chain (replay attack). For most bitcoin users, this doesn't matter, as BCC is invalid anyway. But some people may want to be careful to retain both coins.

And I think most bitcoin users aren't really aware of the details, which is why replay protection is/was so important. This fork was too rushed.
hero member
Activity: 1330
Merit: 569
July 29, 2017, 05:44:43 AM
#20
This is because of the splitting situation that we have to face. This is for your own good as transactions if any made during this period will result in loss of funds. The reason:- Wallets will be under upgrade of supporting both the coins viz. BCC and BTC. There will be two chains of block and broadcasting a transaction would result in conflicts as to where it supports or fits in? Is it BCC OR BTC chain. So just be aware of this fact and its really saving you from losing the funds.

NOTE: There are however chances that split won't occur at all. Or if it does then also bitcoin would be having more weightage in terms of dominating BCC so end result is your coins are safe wherever they are. However, it's better to keep the coins safe for our mental stability. FYI: BIP91 is stable as you can read from Forum notification.

I want to believe this is something that have been a subject of discussion lately and even before the service providers and exchange sites started coming with their own release about the impending and not likely hard fork, we have been warned on the forum to avoid transactions 12 hours before the fork and also to wait for confirmations after the fork before resuming transactions for this reasons I don't expect that anybody still don't know what is going on at this moment and how to go about it.
sr. member
Activity: 714
Merit: 252
July 29, 2017, 05:25:49 AM
#19
guyz freebitco.in announced that during hardfork event there will not be processing deposit and withdrawal request.

This is because of the splitting situation that we have to face. This is for your own good as transactions if any made during this period will result in loss of funds. The reason:- Wallets will be under upgrade of supporting both the coins viz. BCC and BTC. There will be two chains of block and broadcasting a transaction would result in conflicts as to where it supports or fits in? Is it BCC OR BTC chain. So just be aware of this fact and its really saving you from losing the funds.

NOTE: There are however chances that split won't occur at all. Or if it does then also bitcoin would be having more weightage in terms of dominating BCC so end result is your coins are safe wherever they are. However, it's better to keep the coins safe for our mental stability. FYI: BIP91 is stable as you can read from Forum notification.
legendary
Activity: 1806
Merit: 1521
July 29, 2017, 05:12:42 AM
#18
Better not to mess things around before August 1 to avoid headaches, Avoid using exchanges as well always expect the worst. What about those people who aren't aware of the big changes?

They will probably get replay attacked and lose their coins on the other chain when sending out a typical transaction. I know there was talk of adding mandatory replay protection into BCC at the 11th hour, but I don't have any faith that those devs can pull it off (and there is significant internal opposition to it as well, due to wallet compatibility issues).

Basically, if you are not technical and don't know how to split coins yourself, then I'd probably wait until a legit exchange supports BCC deposits and a BCC market, and they should be able to safely split the coins when you send your BTC.
legendary
Activity: 3542
Merit: 1352
July 29, 2017, 05:08:46 AM
#17
Have already withdrawn my coins from the exchanges that I frequently use just to be safe (and to somehow get a chance to gain BCC tokens). The exchange that I use, coins.ph mentioned that they are all in for SegWit and will not be handling BCC tokens to their users unlike Kraken. Also, they would be freezing all deposits and withdrawals until the chain stabilizes. Every service follows this just to avoid confusion and whatnot.
full member
Activity: 812
Merit: 108
July 29, 2017, 04:57:02 AM
#16
Better not to mess things around before August 1 to avoid headaches, Avoid using exchanges as well always expect the worst. What about those people who aren't aware of the big changes?
these people may lose their money.
That's why we should aware about what is gonna happening and let's wait and watch.
maybe from 2 aug bitcoin price rise upto 3200$.
newbie
Activity: 83
Merit: 0
July 29, 2017, 04:52:33 AM
#15
Better not to mess things around before August 1 to avoid headaches, Avoid using exchanges as well always expect the worst. What about those people who aren't aware of the big changes?
sr. member
Activity: 602
Merit: 253
July 29, 2017, 04:52:09 AM
#14
guyz freebitco.in announced that during hardfork event there will not be processing deposit and withdrawal request.
It's not only freebitcoin.
Almost every exchanges and all will be stopping any wd or depo.

It's for our safety, ofc.
So if you wanna do any transaction, do it now, before aug 1st.
Or wait after aug 1st.
legendary
Activity: 2436
Merit: 1366
July 29, 2017, 04:41:32 AM
#13
Yes it is pretty much normal, transactions can't be surely safe under fork circumstances.
I plan to do what I wanna do right now, before potential hard fork.
sr. member
Activity: 626
Merit: 250
July 29, 2017, 04:33:44 AM
#12
Only people who have steel mentality if transact when a hard fork. Many sites that use bitcoin close transactions when hard forks occur. So do some people who have bitcoins, they will hold until the hard fork is done
legendary
Activity: 1218
Merit: 1001
July 29, 2017, 04:25:47 AM
#11
for safety purposes i already stop sending or receiving BTC.
lets wait for hard fork. after network is stable i will start again. only 3 days remaining so thats not a big problem for me..
full member
Activity: 210
Merit: 100
July 29, 2017, 04:03:00 AM
#10
Even my wallet bitcoin provider, announced that they will temporarily suspend any bitcoin transaction and to wait for further notice. But if it's possible to have a transaction during forking, why not make an experiment and transact a small fraction of bitcoin and see what will happen.
full member
Activity: 196
Merit: 100
July 29, 2017, 03:49:12 AM
#9
Yes don not transact anything before or during the hard fork. You will experience many struggles of your transaction. So I suggest not to do anything during the fo4k. Or you will just lose money.

Could you be more specific.
Why do you think that we can loose our money during fork?
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
July 29, 2017, 03:41:13 AM
#8
guyz freebitco.in announced that during hardfork event there will not be processing deposit and withdrawal request.
It's not  only freebitco.in that will be stopping their deposit and withdrawal request. Most of the services that runs using bitcoin will do the same as it won't be safe to do any kind of transactions during the fork as transactions might get lost. They will re enable their services after everything goes back to normal.
sr. member
Activity: 840
Merit: 268
July 29, 2017, 03:22:25 AM
#7
Yes don not transact anything before or during the hard fork. You will experience many struggles of your transaction. So I suggest not to do anything during the fo4k. Or you will just lose money.
hero member
Activity: 1834
Merit: 720
July 29, 2017, 03:14:33 AM
#6
guyz freebitco.in announced that during hardfork event there will not be processing deposit and withdrawal request.
It's not just freebitcoins doing it. Most of exchangers also do the same thing because they avoid the things that are not desirable during the occurrence of hardfork
legendary
Activity: 3038
Merit: 1169
July 29, 2017, 03:08:08 AM
#5
guyz freebitco.in announced that during hardfork event there will not be processing deposit and withdrawal request.

of course they won't processing deposit or withdrawal request,
not only freebitco.in but every casino,gamble that using Bitcoin as their payment will temporary suspend every deposit and withdrawal process.
because when you try to send or withdraw your Bitcoin,
you will not get your coin because it will 'stuck' until the problem solved or forever(i don't know exactly what will happen because i never do that before).
A bit explanation about it based on (hopefully it's true) :
 Before splitting your coin is in 'Chain' and when the time comes the chain will split into two 'A Chain' and 'B chain' both of them have same charateristic
 so when you try to send your money from a single 'Chain' and then suddenly it split into two 'A Chain' and 'B Chain' who knows what will happen ? may
 be it'll forever stuck between 'A Chain' and 'B Chain' or may be it'll come to your 'A Chain' or 'B Chain'
i hope so everything will gonna normal soon.

Well I think if this kind of problem occur there is a maintenance in the system just like what are happening in android games if there is a system maintenance the game can not be played, just like with bitcoin, I think they will not carry on and bring all BTC with them, wish they would keep their promise about it, in giving Bitcoin a great overhaul for users to simply enjoy in using it.
full member
Activity: 812
Merit: 108
July 29, 2017, 02:27:55 AM
#4
guyz freebitco.in announced that during hardfork event there will not be processing deposit and withdrawal request.

of course they won't processing deposit or withdrawal request,
not only freebitco.in but every casino,gamble that using Bitcoin as their payment will temporary suspend every deposit and withdrawal process.
because when you try to send or withdraw your Bitcoin,
you will not get your coin because it will 'stuck' until the problem solved or forever(i don't know exactly what will happen because i never do that before).
A bit explanation about it based on (hopefully it's true) :
 Before splitting your coin is in 'Chain' and when the time comes the chain will split into two 'A Chain' and 'B chain' both of them have same charateristic
 so when you try to send your money from a single 'Chain' and then suddenly it split into two 'A Chain' and 'B Chain' who knows what will happen ? may
 be it'll forever stuck between 'A Chain' and 'B Chain' or may be it'll come to your 'A Chain' or 'B Chain'
i hope so everything will gonna normal soon.
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