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Showing 8 of 8 results by foxberg
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Board Bitcoin Discussion
Re: Segwit2x is dead, long live Bitcoin
by
foxberg
on 08/11/2017, 17:49:32 UTC
So happy to read this. Huge weight off my shoulders. Long live BTC
Post
Topic
Board Bitcoin Discussion
Re: SegWit2x hard fork and it's consequences
by
foxberg
on 06/11/2017, 15:40:03 UTC
Hold both and buy more bitcoin if there's a dip.
Post
Topic
Board Altcoin Discussion
Re: Bitcoin Segwit2X
by
foxberg
on 03/11/2017, 18:10:57 UTC
I'm only a noob trying to learn. With that said, when Coinbase adopts B2X and gives identical amount, where does the money come from. I just don't get how they can split a blockchain and give people "free money." Do they just make up a price? Any links to articles help and any help in general is appreciated.
During every fork all bitcoin addresses that have positive bitcoin balance will get equal amount of forked coin.

What coinbase will do is they will move all user's balance to their bitcoin address (cold wallet) at the time or before the fork, during that time 24 hour before and 24 hour after the fork they will disable deposit/withdrawals of bitcoin so that they can move those bitcoin back to their hot wallet after fork.

They are getting free B2X coin after fork so they are not giving anything out of their pocket or from thin air.

Okay that makes sense about the cold and hot wallet. But if they are giving B2X after fork, how is not that giving free money? From my understanding, if you have 5 BTC, they will give you 5 B2X totaling: 5 BTC and 5 B2X.
Post
Topic
Board Altcoin Discussion
Re: Bitcoin Segwit2X
by
foxberg
on 03/11/2017, 17:48:02 UTC
This is a very good question! There is no such thing as free money. So, I suppose that BT2X value comes from people trust (just like it is with dollars..)

So the idea is that these exchanges are using the money they've made from fees and using it to fund B2X?
Post
Topic
Board Altcoin Discussion
Bitcoin Segwit2X
by
foxberg
on 03/11/2017, 17:41:53 UTC
I'm only a noob trying to learn. With that said, when Coinbase adopts B2X and gives identical amount, where does the money come from. I just don't get how they can split a blockchain and give people "free money." Do they just make up a price? Any links to articles help and any help in general is appreciated.
Post
Topic
Board Altcoin Discussion
Re: Maybe it isn't a bubble
by
foxberg
on 14/06/2017, 14:54:33 UTC
ofc it will be big. Question is what will stick around and be successful. It's the wild west out here!
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Topic
Board Off-topic
Re: Going to be homeless in 19 days advice?
by
foxberg
on 09/06/2017, 14:03:53 UTC
Post
Topic
Board Press
Re: [2017-05-24]Bitcoin Will Hit $1 Million in 5-10 Years, Says PayPal Director
by
foxberg
on 24/05/2017, 13:26:22 UTC


$5K in next 6 weeks... willing to wager 1BTC that I am right.. anyone want to bet against me?

I won't bet 1BTC, but I'll bet .01, if you're down Smiley