Bitcoin Forum

Other => Beginners & Help => Topic started by: Sarretxe on July 17, 2017, 02:18:20 PM



Title: After Fork where will I find my the new Tokens
Post by: Sarretxe on July 17, 2017, 02:18:20 PM
Dear all,

I'm confused (and worried) about the new tokens after the hard fork in the Bitcoin blockchain occurs. As far as I know, after a hard fork I'll have the same amount of old Bitcoins and new Bitcoins. If right now I have my Bitcoins in a wallet, where will the new ones be located after the fork? At the same address? I'm very confused with this and I would really apreciate if someone can help me with this question.
Best Regards

Haritz


Title: Re: After Fork where will I find my the new Tokens
Post by: Lauda on July 17, 2017, 03:19:11 PM
I'm very confused with this and I would really apreciate if someone can help me with this question.
The reason for your confusion has arisen because you've started using Bitcoin whilst fundamentally misunderstanding how it works. A wallet does not *hold* any Bitcoin. In its essence, a wallet is just a collection of keypairs. However, not all wallet providers give you access to these keys which is why a wallet with full control is needed for this split.

Additionally, it is still not certain whether the split is going to be significant at all to even matter (thus all this fear and *procedures* may be completely irrelevant). It is not recommended to transact at all until the dust settles. If you are using Bitcoin Core, you can export your private keys using the debug console. If you want to use *fork coins* (if it comes to one), then you just need to download a wallet compatible with the fork and import the private keys there.

At the same address?
So, tl;dr: Yes. Same address and the corresponding private key. You just need to download a wallet that is compatible with the fork. Although, I am almost certain that BIP 148 is not significant enough for a noticeable fork.