I don't understand why are people dumping over BTC while they can have them invested in alts???
Even putting in alts wouldn't settle anything for us??? Putting alts on exchanges will also be dangerous???
What will be the future of BTC after this??? Is it going to die on one side after a majority of another side wins and is it really going to be on two blockchains??? If yes, then on which blockchain will our "present" bitcoins be put???
Even putting in alts wouldn't settle anything for us??? Putting alts on exchanges will also be dangerous???
What will be the future of BTC after this??? Is it going to die on one side after a majority of another side wins and is it really going to be on two blockchains??? If yes, then on which blockchain will our "present" bitcoins be put???
---
Well, this has happened to other cryptocurrencies alright, for example Ethereum (ETH) and Ethereum Classic (ETC), and they are running in parallel just fine.
Regarding which blockchain, that is one of the GOOD things about a Fork if both get supported as mainstream. If you had 3 BTC, then after the fork you would have 3 BTC and 3 "BTU" (Assuming that is the name of the new fork)... because in that EXACT block that the fork happened you had 3, and now there would be two blockchains running separately. So, yes you just doubled your money... in theory!
Why? Because if the "BTU" currency is not accepted by a significant users, or if the "BTU" is the only one accepted and BTC dies... then you are back to only 3. Second, and as MANY times it has been said in here, and people do not seem to understand... if you have your BTCs with a broker or 3rd party, they might claim that "nothing" happen to you... that means that you just have 3 BTC or 3 BTU, and sweep the other 3 to one of their central accounts (you could still recover the other if you have your private key and you trust your broker/3rd party will not sweep/transfer it to themselves). Another factor is that if the BTC and BTU "merge" or have "consensus" in the future...then there will be double spending...but that is almost impossible once they fork.
In my case, I am moving ALL my money to BTC...... if the hard fork happens, and BTC and "BTU" both get accepted... I just doubled my money
... Again... in theory! This would be the first hard fork for BTC.Hope this helps to clarify things!