Your thoughts on the Bitcoin Fork / BTC / BCC
 

What are your thoughts on the hard fork proposal for Bitcoin on the 1st August?

Mainly, what do you think will happen to the value of BTC?

Do you support BCC (Bitcoin Cash)? Would you transfer your BTC for BCC?

It's a Fork so you don't have to transfer your BTC to BCC, you'd have them in both

No opinion, because I have no coins :2 cents::helpme

Not so. BCC claims it will keep BCC the same price as BC for "awhile"

Some people will make lots of money and others will lose their ass in this. But as with anything, if you play stupid games you win stupid prizes.

Hmm, not how I understand it. Here's what trezor sent me:

"As this is a chain-split, Bitcoin Cash will share its entire transaction history with Bitcoin up until the point of the split, with the history diverging after the split. This means that for whatever amount of bitcoins you had before the split, you will end up having that same amount of Bitcoin Cash."

full article: https://blog.trezor.io/bitcoin-cash-...e-abbe3e9c553f

BCC will take some BBC

So what would you do if someone came up to you and said, "I have this fake dollar here, I'll trade you this for your real dollar. I promise my fake dollar will be equal to your real dollar forever" Not even getting into the fact he's printing many more of his fake dollars than there are real dollars in circulation. Besides that, what is BCC offering you that other coins are not? A chance to exchange your BC 1:1? Are these people not aware rarity creates value? What happens when the federal reserve prints more dollars?

I havent been following that close, but I understood it as a way to "export to current exchange-rate" function - so to speak.

I use Bitcoin almost daily and dont care about the fluctuation in exchange rate. Every other platform have fees and fluctuations as well. Bottom line is, that Bitcoin saves me money for all micropayments for designers and coders - and its secure.

uhm... whut??

Nothing, hop in, the water is fine. :1orglaugh

Yea, cause dealing with the whole bitcoin thing is not confusing enough, lets make it so average Joe is even more confused, that's a sure way to make bitcoins more successful. :error

There is no fork for BTC, SegWit has already been adopted by the miners. Enjoy the free Bitcoin Cash.

maybe try reading the article?

Ah so they've given up on trying to sell everyone on the scam. Ok wasn't aware of that. So this thread is pointless. BCC is now just another worthless coin trying to capitalize off of bitcoin association.

It will be the same as with the Ethereum split last year.


If you own 1 BTC before the split you will own 1 BTC and 1 BCC after the split.
What the 1 BTC will be worth and what the 1 BCC will be worth completely depends on the market.
BTC will probably stay close to its current value and BCC would probably be worth a few pennies.

PS If you store your BTC in an online wallet (never a good idea but still many people do) you will obviously only keep BTC and don't get BCC

Nice simplified info Konda :thumbsup

Bitfinex and few others will be supportive of BCC (BCH)
from here


so far, as far as i know
not supportive - gemini, coinbase, bitstamp
yes supportive - bittrex, poloniex, bitfinex, kraken

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Some of the smarter people are making bank, but you are, what, still holding your dick?:1orglaugh:1orglaugh:1orglaugh
Dumbass.

Blown out of proportion IMO, just move BTC offline.

Expecting it to go up in value in Aug/Sept.

Time will tell.

I'm wondering whether everyone getting excited about dumping their newly found "free other Bitcoin" could cause a dip in the value of BTC, to compensate. Then again, crypto markets are not exactly rational.

Note that the BCC ticker is actually already used by another coin. The value of that coin (which is NOT Bitcoin Cash) has increased by more than 6 times in the past few days.

I was at InterNext (Las Vegas) in January 2016. A Rep from a Bitcoin company 1) set up an account for me, 2) put €5 in it (in BTC). Now, no user/pass combos work, and he "doesn't remember" much.

And, I don't feel like setting up a new account with that same "wallet" company. I want to start over with this.

Who do we trust?

Trezor Hardware Wallet

+1 :thumbsup

Gemini.com to deposit USD and buy BTC, withdraw those to trezor for storage if you aren't going to be trading on volatility.