Post
Topic
Board Bitcoin Discussion
Re: BCU or Bitcoin Unlimited for sale at Bitfinex
by
00hash01
on 03/05/2017, 03:59:11 UTC
Seems many people here didn't really understand what the Bitfinex BCC/BCU game is about. If you put your bitcoins there you will get the same amount of BCC plus the same amount of BCU. You can then immediately sell all those BCU for BTC, right now the price is 18%, and withdraw them. You will have to keep all your BCC there and on December 31 you will get your bitcoins back for them, 1:1. So you get all your bitcoins back plus an extra 18%. And this is regardless whether the fork will or will not happen.
So are you telling that they are using to fund their site in the event of the hack by providing another token,it is not a fair process and is there anything in the terms of service that says that if and when the exchange looses money they will compensate by providing an alternative,what ever it is i am not a fan of the exchange.
If bitcoin is the only source of income, it means that the exchange for today is the only way out. And this is because life requires real money.