Re: [ANN][LCC] Litecoin Cash | SHA256 LTC fork @ block 1371111 | 10:1 claim ratio
Thank you for the detailed explanation! If it isn't obvious that I'm new to this, it will become evident shortly.
I sincerely appreciate your patience in advance.I recently purchased some LTC via Coinbase to start learning the process, industry, exchanges, etc. It wasn't motivated by this Litecoin Cash announcement, so this LCC interruption to my learning is a 'deep end of the pool' exercise for me, hoping I don't f*$k it up.
I installed the official Litecoin Core wallet and 'sent' LTC from Coinbase to my LTC Core wallet, and then back to Coinbase. Everything worked and I felt a little more confident that I could still learn stuff. I purchased a little more LTC from Coinbase then moved it to the Coinbase Vault. I don't have access to private keys in the Coinbase Vault but can move it to a wallet after a 48-hour request delay (for security reasons). Based on the recent fork block estimates, I don't have 48 hours available to get my coins moveable before the LCC forks. Are my purchases and movements already in the blockchain sufficient to claim the LCC when it forks or am I screwed? If screwed, then I've learned, I will still have my LTC, and it hopefully won't turn into a missed opportunity to retire early (not that I don't wish all of you the best!
) Thanks for any input/responses. Unfortunately you will be screwed unless coinbase gives you the lcc itself. Only the coins you have at the fork block and after will count. The point of the blockchain is to record everyone's transaction history, so once you sent coins from the core wallet to coinbase it was updated to reflect your core wallet had no coins and your coinbase wallet had all the coins. LCC uses the same blockchain until the fork so it will also see that your core wallet once had coins but had sent them all to your coinbase account.