Bitcoin Forum

Introduction to Alt-childs! Being able to claim your percentage/stake of Bitcoin in a newborn altcoin.

The altcoin  miners can only insert blocks w/ the bitcoin addresses (and current balances) of bitcoiners claiming their
stake in the newborn altcoin in the header of the next block to be inserted in the newborn altcoin.
This is done by listening to the bitcoin ledger to check to any new claim and making as a protocol rule of the newborn altcoin that this data must be included in the headers of the next block.
Each bitcoin address can only claim their stake (corresponding to the percentage of Bitcoin they own) in the newborn
altcoin once! Once they do it, the percentage of bitcoins he has on that address is minted in altcoins
and those minted altcoins, will make him receive the exact same percentage he has of Bitcoin at that time in the newborn altcoin
as they are sent to the required altcoin address: that must be made public in the bitcoin blockchain as a public
message.
Such claim can only be done once, for each bitcoin address and its corresponding altcoin claiming address (that
is published as a message publicly on the bitcoin ledger by the claiming bitcoiner)!
(these will also be protocol rules!)

The sooner you claim the better for you as you will be an early adopter of the newborn altcoin.
You would be stupid not to claim your legitim stake in the new alt-bitcoinchild as soon as you get to know about it!

The only thing you loose in making the claim is the money you need to spend to pay for a message with your required
address to receive the new minted altcoins that - according to the protocol rules of these bitcoin alt-childs] you have
the right to claim.

-remotemass