|
Title: Hardfork - Bitcoin Core i Classic - my question Post by: yyyrek on June 13, 2016, 02:42:04 PM Hello. I would like to ask about a hardfork. I own few Bitcoins. I use Core client. And I was wondering whether I will still be able to use my coins, if a hardfork occures. For example, if the Classic version will be the leading one, meaning that 51% of the network have accepted and switched to it, will I then lose my Bitcoins from the Core version? Or will I rather be able to copy my wallet file from Core version to Classic and still use all my resources? Also, once the wallet file is replaced and my Bitcoins are compatibile with Classic version, are all funds from Core version gone/unusable?
Thx! Title: Re: Hardfork - Bitcoin Core i Classic - my question Post by: DarkHyudrA on June 13, 2016, 02:44:25 PM No Bitcoins are lost, that's why it's called a "fork".
Think that it's just that the blockhain will follow a new route(using Classic mining instead of the actual one). Title: Re: Hardfork - Bitcoin Core i Classic - my question Post by: Foxpup on June 13, 2016, 03:03:10 PM No Bitcoins are lost, that's why it's called a "fork". Misleading advice from a sig spammer, who'd have guessed? ::)Think that it's just that the blockhain will follow a new route(using Classic mining instead of the actual one). will I then lose my Bitcoins from the Core version? No. Coins mined before the fork can be spent on both chains (which, incidentally, allows double-spending, which is one of the main reasons why anyone who knows anything is totally opposed to hard forks except where absolutely necessary). Coins mined after the fork are only can only be spent on the chain on which they were mined.Or will I rather be able to copy my wallet file from Core version to Classic and still use all my resources? Yes.Also, once the wallet file is replaced and my Bitcoins are compatibile with Classic version, are all funds from Core version gone/unusable? As long as coins are not double-spent as explained above, you can spend coins from either wallet.Title: Re: Hardfork - Bitcoin Core i Classic - my question Post by: DarkHyudrA on June 15, 2016, 10:56:42 AM No Bitcoins are lost, that's why it's called a "fork". Misleading advice from a sig spammer, who'd have guessed? ::)Think that it's just that the blockhain will follow a new route(using Classic mining instead of the actual one). And what's so wrong in what I said that you didn't said Lord of the Truth? And I'm far from a spammer, take your complaints to those ho have 10k+ posts with less than 1k activity. I barely answer this forum since there's little to none topics that will ever be useful to anyone. Title: Re: Hardfork - Bitcoin Core i Classic - my question Post by: 7788bitcoin on June 15, 2016, 11:49:29 AM The old coins will still be spendable if the hardfork happened. The only potential issue is that those transactions during the hardfork may not be included in the longest chain and may become invalid (and disappear?)
Title: Re: Hardfork - Bitcoin Core i Classic - my question Post by: franky1 on June 15, 2016, 11:54:52 AM No Bitcoins are lost, that's why it's called a "fork". Misleading advice from a sig spammer, who'd have guessed? ::)Think that it's just that the blockhain will follow a new route(using Classic mining instead of the actual one). will I then lose my Bitcoins from the Core version? No. Coins mined before the fork can be spent on both chains (which, incidentally, allows double-spending, which is one of the main reasons why anyone who knows anything is totally opposed to hard forks except where absolutely necessary). Coins mined after the fork are only can only be spent on the chain on which they were mined.Or will I rather be able to copy my wallet file from Core version to Classic and still use all my resources? Yes.Also, once the wallet file is replaced and my Bitcoins are compatibile with Classic version, are all funds from Core version gone/unusable? As long as coins are not double-spent as explained above, you can spend coins from either wallet.you forgot to add the point that based on pools adding new blocks, only one chain will survive based on which rules accept which blocks to make one chain the longest. stop thinking that it will cause 2 forks that would continue forever.. consensus and rules orphan off blocks that dont fit the network afterall if the network was to let "weird" blocks continue.. we would be having 2 new chains created each day in short the network sorts itself out and we all follow the more popular chain (spoken in laymens terms) in such events exchanges and other merchants wont accept transactions with zero-6confirms. but would wait maybe 10-20 confirms to cover the orphan risk that would increase. if your transaction happens to be on the evential orphan blocks. then the result is as if the transaction never happened and the funds are still on your private key |