Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Trying to make any sense out of this clusterfuck. So apparently (and I forgot about this) Bitcoin SV did fork from Bitcoin Cash. Now, on BCH addresses:
Quote
When Bitcoin Cash (BCH) was created, it shared the same address format as bitcoin. In an effort to alleviate any confusion for users of both digital currencies, BCH developers later proposed a new unique format for BCH addresses called CashAddr. This new address format will help users more easily distinguish between bitcoin and BCH addresses. The updated format only changes how BCH addresses are displayed, not the underlying private and public keys.
Each BCH address also has a legacy address, which is its corresponding bitcoin address. Going forward, the Blockchain wallet will only display the corresponding CashAddr addresses. Users can continue to send and receive using legacy BCH addresses, but we recommend using the new format for an optimal user experience.
Each BCH address also has a legacy address, which is its corresponding bitcoin address. Going forward, the Blockchain wallet will only display the corresponding CashAddr addresses. Users can continue to send and receive using legacy BCH addresses, but we recommend using the new format for an optimal user experience.
So the way I see it is that, people affected by this, will be the ones that had unclaimed BCH which remained in legacy addresses, but only the amounts that be sitting on p2sh... so to put it simple, any unclaimed amounts sitting on addresses that don't begin with 1 can be stolen. This proves in practice, an scenario in which the schelling point to hold your coins is addresses that begin with 1, and nothing else. Nobody will ever be stupid enough to break backwards-compatibility with addresses that begin with 1 (the original format) so seems reasonable to hold your coins in such format.
Now, if you bother with the clusterfuck that is claiming coins from a fork, then go for it, but a lot of people may simply don't even care they lose those coins all things considered. I mean, I would hate giving those guys "free money", but at this point I can't be fucking bothered with any of this nonsense, im trying to relax and enjoy the holidays, last thing on my mind is having to deal with this insanity to be frank. Remember that it requires that you move the entirety of your holdings, then download some dodgy software, then have to sync the entire blockchain of said altcoin, copy the empty wallet after you've moved your funds in there, and finally dump the damn thing. All of this without screwing up in the process.
Personally, pereira4, it seems to me that in your assessment of the circumstances, you are giving way too fucking much credit to the value of any fork that Bcash SV or any other possible future dweeb might engage in. They can make any fucking rules that they want regarding their future fork of a fork of a fork. Who cares? You still have your bitcoin and your bcash, and your other forks. The only ones that you do not have are the ones related to whatever fork the forkeners are working from and whatever value (hopefully gravitating towards zero) that fork might have currently or at some future time. Best to dump it as soon as possible if you have not already dumped it, but like you also suggested, it might not even be worth claiming it. If you have bcash regular (aka abc) that you still have not claimed then why the fuck would you try to figure out those bcash abc in order to figure out the bcash sv portion of that? Makes little to no sense.