Quote from: suppersz on September 23, 2017, 01:59:40 AM

Quote from: ChromaticStar on September 23, 2017, 01:52:47 AM

Quote from: limopc on September 23, 2017, 01:08:58 AM

I am completely new and not that techie, so will appreciate your guidance.

In November, which coin wil split or fork, is it bitcoin, or Bitcoin Cash?
Will it be another SegWit, or an increase in the block size?

There will be a new currency I understand. It wil be like the previous split and holders of bitcoin BTC wil receive an equal amount of the new currency? Or the holders of Bitcoin Cash will receive the new currency?

Sorry if I am asking “silly” questions, I am just a few days old with crypto.

Don't feel too bad, I can't fully understand why there is a disagreement in the first place. Considering neither side wants to back down, I'm at a loss and clearly missing something big.

The current BTC will fork in November into two chains that have different consensus; BCH is unaffected by this. One will use the current BTC consensus rules and continue as normal, the other will adopt Segwit2x and use a different chain with a common history.

If you own BTC you probably don't have to do anything. I would recommend you withdrawal all your BTC to an address for which you control your private key. You will automatically have coins on both chains in this case. If you leave them on an exchange, it is up to them which coins you get; you may get just one chain or both. You may need to be extremely careful about how you send them though in the early days of a fork. When ETC forked (or whatever you want to call it) from ETH, there were replay attacks and some users lost coins. If it forks similar to BCH, there was good replay protection and everyone was fine. Just be careful and follow developments and you should be fine.

This forum will be spammed by people trying to figure out how to get their 2x coins, and a bunch of them will be told they already ruined their chances when they already sent it to exchanges and their 2x is gone. I guess thats a good thing for those of us who can do it correctly, less supply means higher prices

Thanks for the warm welcome