Quote from: Boseda on October 06, 2017, 02:05:44 PM

Quote from: Bruce Wayne on October 04, 2017, 07:30:07 PM

Hey guys and girls -

Thanks for all the private messages, sorry if I have not been able to get back to you yet, Ill try to do my best to answer everyone's questions.

ON TO THE FORK:

As most or at least some of you know, Bitcoin is (again) forking. There are TONS of articles out there on what, why and when. But I see a lot of people unsure about what they need to do to be able to get this new Bitcoin Gold and what it means for Bitcoin.

Without further adio' here are answers to the most common questions Ive been asked:

1. When is this fork?
The actual fork is Oct 25th -ish. There is a general consensus that this will be the date that the block 494,784 will be mined.

2. What the hell and why is there another fork?
The idea is that this will make the new fork minable by "normal" computers and generally be a faster, (less fees) version of Bitcoin.

3. If Bitcoin isnt owned by someone, who decided to "fork it"
Anyone can fork Bitcoin, BUUUUUT the new chain will only have value if the community decided to mine and use it.

4. How do I get some of this new FREE money called Bitcoin Gold?
Follow these steps:
1. If you have Bitcoin on an Coinbase or any other purchasing/exchange platform - MOVE IT.
2. Move it by, creating a desktop wallet for your Bitcoin and transfer the coins to that wallet.
3. Do nothing. Yep. Nada. Here is where people get confused.
4. IF YOU control the private key for your Bitcoin via a desktop wallet then YOU will have Bitcoin Gold in equal amounts.

5. Wait, so how do I get this Bitcoin Gold, do I need a special wallet, how do I find the Gold?
Lets say you now put your Bitcoin into your desktop Wallet with a private key of "123456789qwertyuiop". That key allows you to log in and view that BITCOIN. Now you wont see the Bitcoin Gold in that wallet because it likely does not (yet) support the Bitcoin Gold chain. You now have 2 options to "FIND" your Bitcoin Gold. Option 1 is to FIND a Wallet that supports Bitcoin Gold (likely after Nov 1st). Download the NEW Bitcoin GOLD Wallet and use the same private key "123456789qwertyuiop" you use to access Bitcoin, to access the Bitcoin Gold. The NEW Bitcoin Gold will appear in your Bitcoin Gold enabled wallet.

FINAL THOUGHTS:

There is NO rush to get your Bitcoin Gold so long as you have Bitcoin stored on a hardware, paper or desktop wallet where you control the private key before the snapshot Oct 25th.

I would wait until late Nov to find a Bitcoin Gold wallet to transfer to because there will inevitably be fake, scam, poorly run wallets that may expose you to losing your Bitcoin via the private key. Take you time to find a trusted wallet.

Cheers and happy investing!

So basically no difference between this and Bitcoin CASH, right? Following the same steps we followed with BCH will make us able to get Gold too.

Anyway you said there are 2 options to receive Bitcoin Gold. Which is option #2... maybe putting them on exchanges which will support it? You explained only option number 1...

Thats the great strategy everyone has to do so that they can survive easily in the days of fork, and another option to this is described above so that one can get bitcoin gold wallet equivalent to the bitcoin revenue and this help a lot to earn the time of dump also this also and ease to the investor by the bitcoin and it will give chance to people to earn more