Post
Topic
Board Bitcoin Discussion
Re: Can you explain the Hard Fork on BTC?
by
AdolfinWolf
on 18/03/2017, 15:33:08 UTC
ok let's make it more simple. you told us york 15 mln x 2 etc...

now let's say someone has 100 BTC in his wallet. as we speak happens the hard fork. what will be the result for this someone?

EDIT: roland we had the same question  to be answered Smiley

Basically it depends where your wallet/coins are.

1. If you use a online wallet/service, you are locked into chain that they choose.  Your coins will be valid still but on that single new chain.

2. If you use a wallet you control, depends on what chain you connect to.  But, just using a local wallet, or a hardware wallet, at least you'll in time be able to choose a chain or other wallet provider you chose by configuration or by restoring your private key seed to a service on the chain you want to transact on.

Technically you could on both I guess if they remain forked after a while and there is not safeguards in place by exchanges/exit ramps to broadcast on both.

-T

ok let's make it more simple. you told us york 15 mln x 2 etc...

now let's say someone has 100 BTC in his wallet. as we speak happens the hard fork. what will be the result for this someone?

EDIT: roland we had the same question  to be answered Smiley


you will have 100 BTC  and also you will have 100 BU.


You two are contradicting each other, aren't you??

Say i use blockchain as my webwallet, will i receive BU coins, or BTC coins? is there any statement regarding which chain they will choose?
Same goes for Electrum, what will they choose?

I don't understand the rise of popularity in a hardfork, it looks extremely dumb to me, and with me alot of other traders it looks like, if we see the current prices. Why do they keep pushing it?