Topic: What to do for Nov 2017 hard fork. (Read 5301 times)
Make sure that your wallet is safe. Better clear cookies and cache to prevent unexpected hackers that attepmts to steal your coins.
i wonder why people always panicking when the fork is coming, as always do just do nothing and go on in what you are doing just go with the flow, just be careful for every transaction but if i were you i'm not going to involve any transaction before and after the segwit and wait on the announcement on what happen in the segwit.
I think those people who are not aware what will happen during fork, before at first fork of this year i do panic selling but i regret why i do that the value are starting to increasing after that fork, then every time there is incoming fork i will keep my bitcoin intact in my wallet and i do not ever did panic selling and it is always good result i gain good amount of profit after fork.
i wonder why people always panicking when the fork is coming, as always do just do nothing and go on in what you are doing just go with the flow, just be careful for every transaction but if i were you i'm not going to involve any transaction before and after the segwit and wait on the announcement on what happen in the segwit.
hardfork would cause an important problem for a cypto currency eventually. Because everyone is optimistic, I have to be careful.
You have to do nothing because it was canceled.
It's not called off. They still got aeound 8% of the hashrate. It will take days, but they might still have their forkWhere do you see that? Are you just talking about signalling the NYA in the coinbase transaction? That doesn't mean anyone is mining 2x.
The fact that it was "cancelled" by the major backers doesn't technically change anything. The client was already released and distributed, so the fork would have occurred if miners could mine a block on the forked chain. It turns out that miners couldn't do that because the btc1 client was completely broken. It became frozen/stuck two blocks before the first forked block was supposed to be mined. Apparently this happened because of some miscalculations in the consensus code.
Great going, Garzik!
How I know - fork bring new coin, - BCD (Bitcoin diamond). Where i need to save btc if i want get bcd? Thank you
You have to do nothing because it was canceled.
It's not called off. They still got aeound 8% of the hashrate. It will take days, but they might still have their fork Before the fork, make sure you get the coin to a wallet you have private key access. And after the fork, make sure there is clear instruction on how to split the coins before making any transactions. Personally, I might leave a couple in the exchange like bittrex, binance etc, so that you can start trading as soon as it's available.
think I'll go with this 
You have to do nothing because it was canceled.
One group of miners is still doing it per their public announcements.
You have to do nothing because it was canceled.
When will airdrop begin ?
Right now, it looks like about 9 blocks when it will occur. So around 1-2 hours.
When will airdrop begin ?
fork to be or not to be?
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000689.html
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000689.html
Hell is empty and all the devils are here.
fork to be or not to be?
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000689.html
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000689.html
The s2x protagonists are off the stage. Who are Bitpico, how much leverage do they have to push it through?
fork to be or not to be?
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000689.html
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000689.html
The Segwit2x hard fork was cancelled. See https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html
*clap* *clap* *clap*
The Segwit2x hard fork was cancelled. See https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html
The genuine hard fork that it is suggests I am going to back up everything on a secure cloud and hardware.
Taking no chances. I suggest you do the same.
Taking no chances. I suggest you do the same.
Hey I have my BTC in electrum. What can I do to make sure I will get my fork coin? And are most people planning on selling right away just like BTC Cash and sticking with original BTC?
Then you all have to do is wait until the block 494,784 is mine in the Bitcoin network as it is the plan of the Bitcoin developers to signal the Segwit2x and you will be alright with your Electrum Bitcoin wallet because you have the control to your own private keys so the split of the incoming Hard Fork will be okay with you, I just don't know the process in claiming the said Bitcoin2x coin. I know that Coinbase will be giving its users a less hassle with this regard because they said that if you have your Bitcoin in their exchange before the block 494,784 then you will get the exact amount with Bitcoin2x coin.
You have basically 2 options for that.
1.Keep your btcoins in some exchanges like bittrex or bitfinex and they will credit you with free coins.
2.Keep your coins in your private wallet in this case you cannot take advantage of the early price drops and rises.
Make sure you have your private key exported before the fork.
1.Keep your btcoins in some exchanges like bittrex or bitfinex and they will credit you with free coins.
2.Keep your coins in your private wallet in this case you cannot take advantage of the early price drops and rises.
Make sure you have your private key exported before the fork.
It's not like BTC Cash. BTC Cash and Gold were not forks as for me. In November 15-16 we will have a real fork, so keep your btc in your wallets or exchanges and wait for BTC 2X
Yes. I hear a lot of comments from people like this is nothing and they will just receive "free coins" at the end. I've even heard someone mentioning the new coins(BCH,BCG) as dividends for holding BTC
There are wide range of possibilities of what could happen in segwit2x fork and they include total market chaos(not knowing which coin is winning the fight) for a while to 2x coin actually becoming the "Bitcoin". Price could halve or both coins price might collapse if investors are too scared. Or maybe nothing will happen. But to claim everthing will be awesome and you will just sell the "free 2x coin" after the fork seems way to optimistic for me. These people are either way too naive or have a hidden agenda...
And these forks are destructive for bitcoin's reputation and long term adoption and success. Speculating to get "free coins" today will have consequences in future.
Secure your coins in a paper or hard wallet for extra safety.
Avoid transacting the BTC symbol before and after fork day.
Avoid transacting the BTC symbol before and after fork day.
It's not like BTC Cash. BTC Cash and Gold were not forks as for me. In November 15-16 we will have a real fork, so keep your btc in your wallets or exchanges and wait for BTC 2X
Selling some of your BTC before hard-fork may be a wise decision. After hard-fork we may see a lot of confusion and price drop.
Not sure if altcoins will gain some strength there or not
Not sure if altcoins will gain some strength there or not
i believe most people will not sell thier bitcoins before the fork rather they are still buying and stocking up more bitcoins in order to take advantage of the free forked coins and probably they will be dumping both of thier forked coins and bitcoins after the november fork has been established and definitely this
event will result to a great price drop but still its a win win situation because we will have an oppurtunity to buy bitcoins again in a cheap price.
I think many people have learned from the previous hard fork. Many people have been easily swayed with the fear of losing bitcoin therefore undergoing panic selling. What happened had result to a huge dump in the market price and even if the price is low many people still continue to sell their coins. After what happened, bitcoin eventually recovers and up until now, its price continue to go higher and higher.
I can suggest to hold your coins even if a hard fork is coming because based from previous forks, after fork the price go higher enabling the holders to earn big profits.
From money supply theory, 2 forks with UTXO means a doubling of money supply - means BTC price should rightly be halved; or 6000/2 =USD3000.
It's a bit more complex than that. If we lend any credence to Metcalfe's Law, then an even split of the original network would result in each resulting network having only 25% of the original value. This is because network value is proportional to the square of the number of connected users.
Supply of BTC is not being doubled. However, like all altcoins, Bitcoin forks dilute investment away from BTC. As long as the fork is viewed as an altcoin, there is no perception of an increase in supply.
I am so excited when fork is coming,i am holding on waiting for the benefits i gain from this fork.
Thanks a lot guys for this informative topic.
...then, I think I should invest in your coming "definite" profiting. What's your selling price? Thanks a lot guys for this informative topic.
Coinbase updated about sewit
I am so excited when fork is coming,i am holding on waiting for the benefits i gain from this fork.
Thanks a lot guys for this informative topic.
Thanks a lot guys for this informative topic.
And I was wondering what to do with the altcoins. Should I invest there or just keep my investment in the BTC. Stratis seems a good investment for me because it has promising work. But I don`t understand what is happening with it. Do you guys have any knowledge about it? It was around 8$ and now it is around 3$ is this normal or what? As I know Stratis has something with microsoft but I don`t know what
From money supply theory, 2 forks with UTXO means a doubling of money supply - means BTC price should rightly be halved; or 6000/2 =USD3000.
It's a bit more complex than that. If we lend any credence to Metcalfe's Law, then an even split of the original network would result in each resulting network having only 25% of the original value. This is because network value is proportional to the square of the number of connected users.
Supply of BTC is not being doubled. However, like all altcoins, Bitcoin forks dilute investment away from BTC. As long as the fork is viewed as an altcoin, there is no perception of an increase in supply.
.....
A hard fork means your BTC would now be in both blockchains; but it is simple common sense that one of the two ledger must be invalidated in order that bitcoin is to be trusted - and survive. If the two forks last for years and I have my UTXO in both ledger, that means both ledgers have been compromised. One must die off!
The premise of your argument is that there should be others out there to provide for your "free lunch" - never!
Any "free forked coins" must come with a risk; it is a matter of good judgment over bad or luck.
From money supply theory, 2 forks with UTXO means a doubling of money supply - means BTC price should rightly be halved; or 6000/2 =USD3000.
Huh? After a hard fork there are two chains and two separate sets of coins. If miners mine both, both exist. Period. This is not a zero sum game so the values of two coins do not add to the value of one.A hard fork means your BTC would now be in both blockchains; but it is simple common sense that one of the two ledger must be invalidated in order that bitcoin is to be trusted - and survive. If the two forks last for years and I have my UTXO in both ledger, that means both ledgers have been compromised. One must die off!
The premise of your argument is that there should be others out there to provide for your "free lunch" - never!
Any "free forked coins" must come with a risk; it is a matter of good judgment over bad or luck.
From money supply theory, 2 forks with UTXO means a doubling of money supply - means BTC price should rightly be halved; or 6000/2 =USD3000.
Suppose the November fork causes a lot of media attention leading to public awareness that would not have existed otherwise. That causes a price jump, maybe. Suppose the November fork devolves into a hostile attack with a lot of bad transactions and lost coins. That causes a price drop.
Selling some of your BTC before hard-fork may be a wise decision. After hard-fork we may see a lot of confusion and price drop.
Not sure if altcoins will gain some strength there or not
Not sure if altcoins will gain some strength there or not
i believe most people will not sell thier bitcoins before the fork rather they are still buying and stocking up more bitcoins in order to take advantage of the free forked coins and probably they will be dumping both of thier forked coins and bitcoins after the november fork has been established and definitely this
event will result to a great price drop but still its a win win situation because we will have an oppurtunity to buy bitcoins again in a cheap price.
The premise of your argument is that there should be others out there to provide for your "free lunch" - never!
Any "free forked coins" must come with a risk; it is a matter of good judgment over bad or luck.
From money supply theory, 2 forks with UTXO means a doubling of money supply - means BTC price should rightly be halved; or 6000/2 =USD3000.
Selling some of your BTC before hard-fork may be a wise decision. After hard-fork we may see a lot of confusion and price drop.
Not sure if altcoins will gain some strength there or not
Not sure if altcoins will gain some strength there or not
i believe most people will not sell thier bitcoins before the fork rather they are still buying and stocking up more bitcoins in order to take advantage of the free forked coins and probably they will be dumping both of thier forked coins and bitcoins after the november fork has been established and definitely this
event will result to a great price drop but still its a win win situation because we will have an oppurtunity to buy bitcoins again in a cheap price.
I got an email from my BTC broker that I have to do nothing. Just wait and they will drop the new coins in my wallet automatically. I'm thinking this is like a stock split. Just wait it out. Don't sell just because of the noise.
Selling some of your BTC before hard-fork may be a wise decision. After hard-fork we may see a lot of confusion and price drop.
Not sure if altcoins will gain some strength there or not
Not sure if altcoins will gain some strength there or not
That commit was reverted: https://github.com/btc1/bitcoin/commit/98c0af58c29efbecba25818adb5531fa8c3d0506 so that is no longer a viable method.
oups... thank you.
then what do you suggest mate? if someone has funds on electrum?
Are you blind? Is my signature visible?
I've got some dollars sitting in my domain name registrar account, and I can withdraw those in Bitcoin. I'm still undecided as to whether I should pull them out now, or wait until the forking nonsense has subsided. It seems that a lot of people have been buying Bitcoin in the expectation of another free handout as an alt coin is created.
You can send the money out right now if you don't fear just the price drop or anything else, don't worry create a wallet and send the money to it and save your private keys, during the fork do not do anything simply and you'll be safe.
Some wallets provider: Electrum, blockchain.info (online wallet)
then what do you suggest mate? if someone has funds on electrum?
Are you blind? Is my signature visible?
Do nothing and keep your wallet safe.
you do not have to do anything, just save the coins and have the private key in your hands and make sure your fork
in any case, i likely won't move any coins for a couple days after the fork.
Fools!
Without actions from your side your old coins are vunerable to replay attack and it does not matter
how long do you wait after a split: a couple of days or a couple of years.
then what do you suggest mate? if someone has funds on electrum?
Do nothing and keep your wallet safe.
you do not have to do anything, just save the coins and have the private key in your hands and make sure your fork
in any case, i likely won't move any coins for a couple days after the fork.
Fools!
Without actions from your side your old coins are vunerable to replay attack and it does not matter
how long do you wait after a split: a couple of days or a couple of years.
People in most cases will probably be on their own so they need to be careful. As for selling anything if it's actually possible without losing coins, if it happens then I'd be keeping my powder dry. Some powerful forces will be vying for the top.
i've got an eye on this project being developed by core developer eric lombrozo: https://twitter.com/eric_lombrozo/status/925056653401214978
it will be a noncustodial (no trust) service that automatically splits utxos for hard forks with no replay protection. the developers are aiming for it to be ready for the segwit2x fork, but no idea if it will happen or not. given the last difficulty jump, i wouldn't be surprised if bitmain continues to bring more hardware online as we approach the fork, to worsen the "stuck chain" effect on the legacy chain post-fork. that would mean the fork will occur even sooner than currently expected.
in any case, i likely won't move any coins for a couple days after the fork.
you do not have to do anything, just save the coins and have the private key in your hands and make sure your fork
Hey I have my BTC in electrum. What can I do to make sure I will get my fork coin? And are most people planning on selling right away just like BTC Cash and sticking with original BTC?
I think this is the game here, many people are trying to convert they altcoins to bitcoin in other to increase their bitcoin core holding and in infect get good share of the free coins and after the splitting they will dump bitcoin gold to the original bitcoin. We see the game play out the last time the splitting happened between bitcoin core and bitcoin Cash, how many people drop their bitcoin Cash for the original bitcoin. I think we are all cut up here with this idea of making free coins and I hope the developers of the fork are taking all this into consideration.
Do nothing and keep your wallet safe.
I would hold it and wait for after the fork in your case. Normally there can happen a reduce of the market price but i´m quite shure it will rais after that again.
nothing to do just hold your coin in your wallet with private key and dont make transaction as long as your wallet support the coin fork just stay and wait until the hard fork end...
Any idea when that will be?
If this fork actually happens, and I still need convincing that it will, then I wouldn't expect every wallet to have the perfect solution. Everyone needs to do careful research about what wallet providers will be doing.
Certain wallets like Mycelium and blockchain.info haven't lifted a finger when it comes to BCH and that was months ago and that was far, far more simple as it had replay protection. I don't think they'll want anything to do with something with no replay protection.
People in most cases will probably be on their own so they need to be careful. As for selling anything if it's actually possible without losing coins, if it happens then I'd be keeping my powder dry. Some powerful forces will be vying for the top.
Certain wallets like Mycelium and blockchain.info haven't lifted a finger when it comes to BCH and that was months ago and that was far, far more simple as it had replay protection. I don't think they'll want anything to do with something with no replay protection.
People in most cases will probably be on their own so they need to be careful. As for selling anything if it's actually possible without losing coins, if it happens then I'd be keeping my powder dry. Some powerful forces will be vying for the top.
I think that the Altcoins will reduce by as much as 30%. It's a good idea to stay on standby at Bitcoin. Waiting for 7000 USD + levels in Bitcoin will not be a very high expectation. To say that this is already happening, it means that the prices of the current alt coins will increase as I mentioned.
nothing to do just hold your coin in your wallet with private key and dont make transaction as long as your wallet support the coin fork just stay and wait until the hard fork end...
I think you dont have to do anything on the coming fork. There are many miner and business that does not support bitcoin since bitcoin o unique from any other coin. So I think the fork on november wont affect that much with the price of bitcoin. Anyways, I've read about Bitfinex has announced that it will provide a moniker for B2X. So you might want to put your btc on exchange that supports B2X.
Just wait theymos (Site Admin) will write about it .
i think will provide more information
i think will provide more information
Anyone can create a Bitcoin-derived altcoin like "Bitcoin Gold" (BTG) at any time with no cost. BTG is a scammy cash-grab with no ideology and no economic support, not something serious like Bcash was. That's not to say that it's impossible to make money by trading it, just like with other scamcoins, but I'm not going to get into the habit of writing announcements and guidance for every Bitcoin-derived scamcoin. If you want to do a dangerous replay-unprotected coin-split maneuver in order to claim tiny fractions of your BTC in airdrop value, that's on you.
I will write a guide later for B2X (split time in mid-November), which is more serious. After that, the bar is going to be awfully high to get me to announce similar things.
I will write a guide later for B2X (split time in mid-November), which is more serious. After that, the bar is going to be awfully high to get me to announce similar things.
Ok so there is an "opt in" replay protection, meaning users can choose if they want it or not, am I right?
If I am, then what was the reason for them to go on this course instead of having one like what Bitcoin Cash did?
Because the "adepts" think that s2x is "true bitcoin" and does not need changing more things from original codeIf I am, then what was the reason for them to go on this course instead of having one like what Bitcoin Cash did?
Then the Segwit2x "adepts" thinking are very open to disagreement because the real "adepts", in my opinion, are the Core developers. But follow what and who you want and let us each hope for the best. Good luck.
btw, I am wondering what would happen if some transaction will be sent during the hard fork. What can be the logic flow behind that leads to loosing of funds for some user (sender or receiver)?
if it is still unconfirmed during the snapshot, i think it will be credited to the senderOk so there is an "opt in" replay protection, meaning users can choose if they want it or not, am I right?
If I am, then what was the reason for them to go on this course instead of having one like what Bitcoin Cash did?
Because the "adepts" think that s2x is "true bitcoin" and does not need changing more things from original code If I am, then what was the reason for them to go on this course instead of having one like what Bitcoin Cash did?
Ok so there is an "opt in" replay protection, meaning users can choose if they want it or not, am I right?
If I am, then what was the reason for them to go on this course instead of having one like what Bitcoin Cash did?
If I am, then what was the reason for them to go on this course instead of having one like what Bitcoin Cash did?
Segwit2x/btc1 does not have replay protection.
It does.Does it have one now? There was a controversy surrounding it and it was discussed among Bitcoin's developers that it should have replay protection because it does not have one.
Please provide us with the correct information, because as far as I know there is no replay protection because Jeff Garzik's proposal for Segwit2x/btc1 is as an upgrade to Bitcoin, not a fork.
Segwit2x/btc1 does not have replay protection.
It does.Does it have one now? There was a controversy surrounding it and it was discussed among Bitcoin's developers that it should have replay protection because it does not have one.
Please provide us with the correct information, because as far as I know there is no replay protection because Jeff Garzik's proposal for Segwit2x/btc1 is as an upgrade to Bitcoin, not a fork.
Hey I have my BTC in electrum. What can I do to make sure I will get my fork coin? And are most people planning on selling right away just like BTC Cash and sticking with original BTC?
If I were you I will just keep my coins in my wallet as I do believe electrum will support bitcoin gold. I have gotten my splitting coin from all the wallet that I have coins during the last splitting between bitcoin core and bitcoin Cash and I will do the same this time around. The only thing we may need to do before the splitting is to move both fiat and others coins to our bitcoin wallet like I do about three days ago and keep our fingers crossing and converting to bitcoin core after the splitting of our share of the bitcoin gold before the heavy dump. Well my biggest concern is one I get full 1 to 1 payout cause last time I had my coin in bitfinex and because of futures or some bs which I dont take part in they paid out like .9 per coin which really pissed me off so I want to have all I'm entitled to. Also I dumped my Bitcoin Cash right away cause everybody said theyd dump so I could get some free money and then when the price crashed to $200 I bought one BTC Cash coin and sold again at around $500 and I want to see if I could do it again.
you guys think btc will gow much down for this fork ?
OP be very careful. This fork is not like Bitcoin Cash which the developers have included replay protection in the code. Segwit2x/btc1 does not have replay protection. The best move is to do nothing during and after the fork, and wait for some of the developers to make the tools and instructions on how to "split" your coins safely.
If you want to take the risk, store some of your coins in an exchange who already announced that they will honor B2X for your BTC.
OP, I'm afraid Wind fury was right concerning replay issue and a lot of conspiracy is going on in the world of bitcoin. However, Electrum is a lightweight wallet and works by allowing you to use someone else’s full node for sending and receiving transactions while you don’t actually maintain the entire blockchain.If you want to take the risk, store some of your coins in an exchange who already announced that they will honor B2X for your BTC.
And it's the same for those storing their Btc in webwallets. Even we don't maintain the blockchain by running a node, Blockchain.info (famous one) is a high rated webwallet and has a large number of bitcoin holders. Since a lot of conspiracy is going on in the world of bitcoin, majority of users get confused when protecting their coins and want at the same time assure the fork amount to be credited to their choosen wallet.
Before the fork, make sure you get the coin to a wallet you have private key access. And after the fork, make sure there is clear instruction on how to split the coins before making any transactions. Personally, I might leave a couple in the exchange like bittrex, binance etc, so that you can start trading as soon as it's available.
bencede beklemek gerekiyor sıkıntılı
Hey I have my BTC in electrum. What can I do to make sure I will get my fork coin? And are most people planning on selling right away just like BTC Cash and sticking with original BTC?
If I were you I will just keep my coins in my wallet as I do believe electrum will support bitcoin gold. I have gotten my splitting coin from all the wallet that I have coins during the last splitting between bitcoin core and bitcoin Cash and I will do the same this time around. The only thing we may need to do before the splitting is to move both fiat and others coins to our bitcoin wallet like I do about three days ago and keep our fingers crossing and converting to bitcoin core after the splitting of our share of the bitcoin gold before the heavy dump. Hey I have my BTC in electrum. What can I do to make sure I will get my fork coin? And are most people planning on selling right away just like BTC Cash and sticking with original BTC?
UTXOs at the fork block will be copied exactly. that means that any addresses in your electrum wallet that hold BTC will also hold B2X after the fork. however, you can't simply send the B2X coins out of that wallet. you will lose your BTC by doing so because there is no replay protection -- the transaction will be broadcast on both chains. i would be careful and avoid transacting after the fork if you want to make sure to retain both coins. i'm sure some reliable methods will emerge to split our coins.
no one knows regarding future demand for B2X. if miners and major services really follow through, the price might be significantly higher than the futures market currently indicates. we really don't know. in time, i believe the legacy chain will emerge victorious, but i won't be so foolish to immediately dump my B2X for ideological reasons. i'm trying to accumulate bitcoins here!
FYI this is a good site to track electrum servers to connect to. you can connect to Core servers rather than connecting randomly.
I think that the Altcoins will reduce by as much as 30%. It's a good idea to stay on standby at Bitcoin. Waiting for 7000 USD + levels in Bitcoin will not be a very high expectation. To say that this is already happening, it means that the prices of the current alt coins will increase as I mentioned.
just hold. and dont do anything. you used electrum, so you will get benefit from this fork. i dont know why people always confused when fork coming..
You can consider buying some good ICOS's during November Bitcoin update if you watch closely cryptocurrency markets. Just buy some Etherum with FIAT or spare bitcoin and invest in one of current ICO's or Top 10 coinmarketcap coins. During Bitcoin fork, I would not advise use you BTC just keep them in the wallet. Other alts price can be affected by looking at historical data and can have a great opportunity to buy on dips if you an experienced user.
Thank you for suggestions guys, I think that it's better to wait for some time...
Don't want to loose my bitcoins.
Don't want to loose my bitcoins.
btw, I am wondering what would happen if some transaction will be sent during the hard fork. What can be the logic flow behind that leads to loosing of funds for some user (sender or receiver)?
if it is still unconfirmed during the snapshot, i think it will be credited to the sender hero member
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OP be very careful. This fork is not like Bitcoin Cash which the developers have included replay protection in the code. Segwit2x/btc1 does not have replay protection. The best move is to do nothing during and after the fork, and wait for some of the developers to make the tools and instructions on how to "split" your coins safely.
If you want to take the risk, store some of your coins in an exchange who already announced that they will honor B2X for your BTC.
OP, I'm afraid Wind fury was right concerning replay issue and a lot of conspiracy is going on in the world of bitcoin. However, Electrum is a lightweight wallet and works by allowing you to use someone else’s full node for sending and receiving transactions while you don’t actually maintain the entire blockchain. If you want to take the risk, store some of your coins in an exchange who already announced that they will honor B2X for your BTC.
The best way to safely gain access to your BTG is to do nothing until fork happened.
Afterwards you better wait a few days until the whole network settled down.
Then you should split your coins (keep in mind, there is no replay protection).
This means you have to be careful. Send your BTC onto another wallet (or another address, but not within the wallet..)
At this point at least your BTC's are safe. Then import your priv keys into a wallet which support your forked coin (e.g. BTG).
Afterwards you can send/spend/trade your BTG.
Afterwards you better wait a few days until the whole network settled down.
Then you should split your coins (keep in mind, there is no replay protection).
This means you have to be careful. Send your BTC onto another wallet (or another address, but not within the wallet..)
At this point at least your BTC's are safe. Then import your priv keys into a wallet which support your forked coin (e.g. BTG).
Afterwards you can send/spend/trade your BTG.
btw, I am wondering what would happen if some transaction will be sent during the hard fork. What can be the logic flow behind that leads to loosing of funds for some user (sender or receiver)?
I've got some dollars sitting in my domain name registrar account, and I can withdraw those in Bitcoin. I'm still undecided as to whether I should pull them out now, or wait until the forking nonsense has subsided. It seems that a lot of people have been buying Bitcoin in the expectation of another free handout as an alt coin is created.
The best thing you can do before the fork is just do nothing. You are using electrum, which is perfect to get your coins split without problems. Now all you have to do is not send any transactions prior, during and after the fork to ensure you don't lose your bitcoin gold or bitcoin.
Segwit2x/btc1 does not have replay protection.
It does.
OP be very careful. This fork is not like Bitcoin Cash which the developers have included replay protection in the code. Segwit2x/btc1 does not have replay protection. The best move is to do nothing during and after the fork, and wait for some of the developers to make the tools and instructions on how to "split" your coins safely.
If you want to take the risk, store some of your coins in an exchange who already announced that they will honor B2X for your BTC.
If you want to take the risk, store some of your coins in an exchange who already announced that they will honor B2X for your BTC.
There is pretty much nothing you have to do about it. You just have to hold your coins in the wallet.
Make sure you have the backup of your wallet and you have the private key stored in a safe place.
After the fork is done, download the wallet that supports the coin and then import the private key to that wallet.
After syncing the coins will be credited to your wallet.
Make sure you have the backup of your wallet and you have the private key stored in a safe place.
After the fork is done, download the wallet that supports the coin and then import the private key to that wallet.
After syncing the coins will be credited to your wallet.
Hey I have my BTC in electrum. What can I do to make sure I will get my fork coin? And are most people planning on selling right away just like BTC Cash and sticking with original BTC?
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