Bitcoin Forum

I am a bit new to cryptos, almost 5 weeks old!

My question is:

There is an upcoming fork in November 2017, I understand not all wallets planning to support it or yet undecided. My wallets are Jaxx and Bread having a few Satoshi in each.

Would I still be receiving my share of the forked currency if Jaxx didn’t support the new fork?
Will I still receive it if I sent my BTC from a wallet that does not support to a wallet that support the fork AFTER the fork happens?

How can I be sure I will collect my share of the forked currency.

Your advice highly appreciated.

Ofcourse you will receive it. As long as you know the private keys you dont have to worry. They enjoyed the recent BCC. Expect another sprout BTC variant coin to arrive. Get profit.

Thanks bitcub, I was just feeling lost with all this talk and bla bla about Segwit, Segwit2x, blocksize, off blockchain... etc...

I have a feeling (bad though) the discussions in the community has some roots to purely personal interest.
Not just discussion to improve an open source project an free currency.

I may be wrong or missing something, that’s why I made my thread https://bitcointalk.org/index.php?topic=2234959.msg22531790#msg22531790 hoping crypto will get better.

Thanks

But as a believer in freedom, the basics of crypto does not go with how exchanges work. It is centralised, profit oriented, they control your money.

I am ok with wallets.

Maybe, it is time for the bitcoin community to create their own exchange based on the principles of freedom and principles of bitcoin.

Any ideas or comments?

The upcoming fork in November has nothing to do with Bitcoin gold? Bitcoin gold is a separate event than the 2X fork that is being proposed by a group of companies.

Oops, I am again lost in all this.
So you say bitcoin gold is just a fork of the original BTC.
My apologies for my ignorance... but now we have 2x fork and bitcoin gold fork?
This means BTC holders will be receiving 2 new currencies?

Which of them is proposed by companies, which by the community? Would a crypto proposed by a group of companies survive as it is not community driven as such? I may be mistakenly applying my understanding and experience with Linux and open source software to cryptos.

Any guidance will help me understand more.
Thanks

The Bitcoin Gold[1] fork will actually happen at the end of this month and SegWit2x will happen at mid November. Regardless of which fork, If there is actually a split, all you will need to retrieve your new coins is to have control the private keys and even If the wallet don't support the new coin, you could always export the private keys in that case and import them somewhere else.

[1] http://btcgpu.org/

no bitcoin wallet will support bitcoin gold fork because it is a completely different and separate fork although it seems to be forking from bitcoin but it is creating a 100% new altcoin.
it also has a premine which nobody in bitcoin world looks good upon these things.

if you want to claim it you will have to download their specific wallet from what they release in the future on their website and then import your bitcoin private keys in that to claim the new altcoins.

Thanks guys.

So, in any case people having bitcoin will receive bitcoin gold for currency plus Segwit2x currency, it just depends on the wallets that supports BTC and both new currencies, as far as I understand now.
Am I right?

If so, I should claim the 2 new currencies, shapeshift them to a “known” crypto (BTC, ETH, LTC...) then back to my “normal” wallet? Am I understanding this properly?

Thanks guys for all your help. I am new and unfortunately have no enough time to follow all discussions going on in this world. But I am trying my best.

I really wish I can transfer ALL my balances to crypto, but still not the time yet.

Ofcourse you will receive it. As long as you know the private keys you dont have to worry. They enjoyed the recent BCC. Expect another sprout BTC variant coin to arrive. Get profit, do not let your friends leave for the coin workers keep the spirit !!

And now I am starting to feel that i can claim the upcoming fork this November. Although i was also wondering way back then, what might happen in the near future if so many forks and segwits will come, been thinking about it though.

You are correct :) Just think of a fork the way you would if a group of people were walking down a path. You reach a fork. No matter which path you and others decide to continue on, you all share exact same details of the journey right up til the point of the fork. So if you have Bitcoin, you will have an equal balance of coins on all and any forks that happen from the original chain.

When a wallet says it doesn't support a coin, it just means you can't use that wallet to view and use your coins. But if you are in full control of your BTC address (ie you have the private keys or seed) you can always access those coins.

Do refer to the threads here regarding the last fork that happened (Bitcoin Cash) on August 1 to see how people claimed theirs.


That's entirely up to you. The last fork that happened (BCC/H), I sent all my BCC to an exchange and sold it for BTC.

I'm not sure if other wallets will support bitcoin gold like what happen in bitcoin cash but hopefully they will so that we can get additional earnings out on converting bitcoin gold to bitcoin or satoshi. But one thing is for sure there would be a price fluctuations which suddenly decrease or increase the value of bitcoin like what happen in August.

With a knowledge like that and with a satoshi in wallets that is not even known to everyone, I doubt that you're a 5 weeks old here.
By the way read for instructions for like example Before the BCC fork (electrum) has a guidelines on what to do during and after the fork. And see for yourself if your wallet is capable of replay protection and be sure that you have your own master private key.
REad also the headline news and thread here made by the Global moderators here itself.
Be Updated.

So, we should expect some free coins and a boost in BTC price? Same scenario as Bitcoin Cash?

Are you sure Kraken will support Bgold?
I haven't found any information announcement about that.Neither from Kraken nor from the Bgold team.

Shapeshift perhaps or something similar? Still we have to see which wallet will support it.

i don't think Shapeshit is going to list it, at least not for many months.
if you want to dump it and get bitcoin you need to use an exchange that will list this coin. so far there is none that i know of which plans on adding it. but you can count on Yobit because they are a terrible exchange which will add any random altcoin they can get their hands on.

Welcome to the world of Crypto. Yes, you will recieve  your coins. Just make sure your coins are not in an exchange. Keep them on theJaxx or any other wallet where you keep your private keys. Then stay put and wait for every thing to pass.

I see!

This looks to me as worthless currency then if I don’t have a way to exchange it. I am not favouring using any exchange... exchanges somehow don’t appear to me as fitting to the principle of freedom.

Exchanges in my opinion should be only for converting crypto <-> Fiat, from and to my bank account.

Maybe the community can come up with something so people can exchange their cryptos, something like localbitcoins, and shapeshift combined.

What you think guys?

Just like the hard fork that happened on August 1 and produced the now useless Bitcoin Cash, The resulting alt coin which will be produced during November will also sink into oblivion. Even bitcoin cash had a lot of hype around it but with bitcoin gold, people don't really seem to care about it at all. I don't know why these miners like splitting the currency so much. There must be something to their motives.

I wonder why my reply was deleted.


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A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Just please explain what I did wrong.

Do you think the fork will be a good thing?

Hell to the no. People might get excited because they get a free alt airdrop, but hut like this is absolutely runing the trust for the community, from the outside. bitcoin is already nebolous enough, having to explain all these forks is just going to turn lay people of of bitcoin before they get started.

we cant settle every disagreement we have in the ecosystem by making a fork. we are going to have to sit down and have real political consensus, or keep dividing the community needlessly for what boils down to cashgrabs, icos that require mining power rather than eth or btc.

And can we at least make up a novel name? Gold? Really?

Depends on how you look at it. Naturally speaking like nature, things fork/divide - animals and minds evolve. Everything is temporary, forking enables better advancement of technology and flourish of creativity. The technical details are important to understand why things are happening the way they are. It comes down to the idea of why the blockchain was even needed in the first place.

It is open source technology given to you and me to use for free, for the betterment of people; a lot like how the WWW tech was given to the people. It gives opportunity for people to take control of their content, wealth and reputation without security compromise and corporate monopoly - The future will consists of decentralized exchanges and ultimately, because every individual is more important to the ecosystem than few being able to manipulate their exchange for gains and taking advantage of the people.

In recent bitcoin exchanges and corporate exchanges, this has happened. Even in banking this goes on. What can happen, will happen. Humans are animals, but we are also beautiful hearted minds when we are peace. Aristotle, Pythagoras and important other minds would even go to say, our bodies are complex vessels that hold the spirit or soul. The ol' saying, 'I am thinking, about thinking'.

Overall, I think this is very healthy for the blockchain ecosystem. Things will change and people will continue supporting the blockchain ecosystem. Every bite we we eat is the choice we make.

It seems to me that I understood their motives. Bitcoin can be a distraction to organize a large pump. Throughout September the price was at the bottom. Whales bought coins at a price of about $ 3,000. Now at the expense of those who will be hoping to bitcoin gold, the price of bitcoin will rise sharply. Whales will sell their bitcoins expensive and will pay users free coins which will be worth nothing.

It would be great if there were some overview of all exchanges that will credit BTG to BTC holders, as not all of them did after the BCH fork. If there is one already, could someone drop a link?

Guys I've been reading all the threads and I am still very much confused...
Some say keep your BTC in Kraken and you will get the same amount in Bitcoin Gold and others say it is risky and that you should get your BTC out of Kraken and into a wallet like Jaxx and still be credited with Bitcoin Gold..? For the last fork I moved my BTC to Jaxx wallet and I never was credited any BCC nor in Kraken or in Jaxx. Please could someone just confirm if it is ok to leave my BTC in Kraken (not that much because I know it is always risky to have BIG amounts of BTC on an exchange) so that i can continue using them to buy other coins? I really don't care much of the Bitcoin Gold but I would like to know that I will not loose my BTC on Kraken after the fork.
Thanks for the help.

Hi mate, can you tell me where you heard this? I cant see it anywhere.

I dont see any BTG on Kraken yet.

You won't see it anytime soon, as they don't plan to support it atm:
https://twitter.com/krakenfx/status/922605826627342336

The only place where you can trade it is Yobit. The other exchanges are wary because it has no replay protection.

of course you will get BTG from each exchanger that supports BTG.
but I recommend to collect your Bitcoin in one market. to make it easier and I think it looks simple.