Post
Topic
Board Bitcoin Discussion
Re: Does Segwit2x impact Bitcoin or Bitcoin Cash or both?
by
karaschoen
on 16/10/2017, 17:52:47 UTC
I have been reading up on Segwit2X (https://bravenewcoin.com/news/bitcoin-core-developers-issue-segwit2x-hard-fork-warning/ but still have some basic questions like does it impact just Bitcoin or also Bitcoin cash. Does it matter if I have BTC in my wallet or in an exchange? Thanks.
You MUST have your BTC in your own private wallet, so start by downloading Bitcoin Core, which is ideal.

If you don't want to download the whole blockchain, get a paper wallet, or Electrum wallet. Anything where you control your private keys, otherwise you will NOT receive the coins on the other chain.

So if we do not download the whole blockchain, or get a paper/or Electrum wallet, (to control private keys) does that mean we lose everything? lose the opportunity for the fork? what is worst case scenario. Seems very confusing.