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Bitcoin => Bitcoin Discussion => Topic started by: limopc on October 14, 2017, 12:23:07 PM



Title: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 14, 2017, 12:23:07 PM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Aura on October 14, 2017, 12:56:15 PM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Emerge on October 14, 2017, 12:59:28 PM
First of all, be aware that coin-splits can be somewhat risky — especially controversial ones like the SegWit2x fork. While it seems unlikely for now, there is a chance some kind of cyber-battle will break out, perhaps even escalating to the point where all exchange rates drop sharply. If you want to make sure not to be caught in any crossfire, it’s best to not hold more value in bitcoin than you are willing to lose.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: thebanker28 on October 14, 2017, 01:01:24 PM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
That seems to be a prett good point to me about sending your BTC to a newly generated address after a fork, one other small point, that may or may not be practical is, if possible to avoid making transactions around the time of the fork.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: thebanker28 on October 14, 2017, 01:04:51 PM
First of all, be aware that coin-splits can be somewhat risky — especially controversial ones like the SegWit2x fork. While it seems unlikely for now, there is a chance some kind of cyber-battle will break out, perhaps even escalating to the point where all exchange rates drop sharply. If you want to make sure not to be caught in any crossfire, it’s best to not hold more value in bitcoin than you are willing to lose.
Hopefully it doesnt come to that but I guess this is high stakes.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 14, 2017, 01:20:49 PM
Thanks guys,

So what I understand all what I have to do is to keep my Jaxxx wallet as it is, but I should only refrain from moving bitcoins during or after the fork. No need to uninstall and reinstall. Am I getting it right?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: chesegrinder on October 14, 2017, 01:29:45 PM
as long as you hold your private key it is safe even you accidentally uninstall your wallet on your computer just download it again and insert your private key. To the upcoming fork this october 25 in my opinion it is safe to avoid any transaction during and the fork I experience having trouble last fork of august as i accidentally send a 0.3BTC in one of my wallet, it took 3 day or 4 days before i received it, at first i think it was lost on the blockchain.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: aizen10 on October 14, 2017, 01:44:57 PM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.

yes its always safe, because you have your secret 12 word phrase to full control your bitcoin wallet even you uninstall it and reinstall again after or during the fork, i think the risk is on the out side (blockchain) if you do transfer your bitcoin during the hard fork theres a chance to lose that bitcoin, so wait until the fork finish and dont make any transaction during hard fork to avoid losing bitcoin on the blockchain.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Bunsomjelican on October 14, 2017, 01:56:49 PM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.

You've almost gave a good advised and opinion to anyone here in the forum. And those wallet you had mentioned was also quite proven and tested too which is Electrum wallet, and the most important was keeping the private key and the seed phrase in the wallet of course.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Marileno on October 14, 2017, 01:59:31 PM
These splits are extremely confusing and i am against them. The whole concept is complex enough to get across to main stream people. It appears as though they are necessary though. I wish there were some definitive explanations on these in a centralised place, so the information put out is consistent and accurate. Can anyone point me to such a resource?

apologies is this has already been asked and answered.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: californiaquail on October 14, 2017, 02:30:24 PM
These Bitcoin clones are f****g disgusting.

This is textbook financial terrorism, if anything this is what will bring Bitcoin to its knees.

It's not even about complexity for users, it's about brand parasitism and using bitcoin fame against its value without any kind of legitimacy. 

Now of course what kind of greedy idiot wouldn't want free money ? Whoever is behind those Bitcoin clones, they found a weak spot in people's greed.

At the end of the day, this is going to hurt bitcoin more than anything ever attempted by its ennemies, mark my words this will bring Bitcoin down, eventually.



Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: MONSUN on October 14, 2017, 02:40:58 PM
Read congestion and  backlog is back in network .. time again increased for confirmation .. will bitcoin ever server micro payments ?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: okbit on October 14, 2017, 02:52:30 PM
As long as you have your private keys you are good. Has anyone heard for sure what Coinbase's position will be?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Nicol3 on October 14, 2017, 02:58:05 PM
Thanks guys,

So what I understand all what I have to do is to keep my Jaxxx wallet as it is, but I should only refrain from moving bitcoins during or after the fork. No need to uninstall and reinstall. Am I getting it right?

Yes that's correct. Your bitcoins are safe in your Jaxxx wallet for as long as your are not making any transactions around the fork timeframe. I do have a couple of bitcoins stored in my Jaxxx wallet too so I can actually relate to what you are concerned about.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: khufuking on October 14, 2017, 03:01:22 PM
Your BTC should be safe  unless you tried to claim your coins from the other chain , Just keep you coins and do not make any transaction at the time of fork . And as stated above never try to claim your coins  before move your BTC to new address and just use your old address private keys to claim you coins , Until this moment  it is not clear if there will be a real strong reply protection or not . I am sure when time come close there will be some guides related to how to claim your coins safely .


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 14, 2017, 11:53:34 PM
Your BTC should be safe  unless you tried to claim your coins from the other chain , Just keep you coins and do not make any transaction at the time of fork . And as stated above never try to claim your coins  before move your BTC to new address and just use your old address private keys to claim you coins , Until this moment  it is not clear if there will be a real strong reply protection or not . I am sure when time come close there will be some guides related to how to claim your coins safely .

This sounds great.

So, I should send to myself all my BTC after the fork and after things get stable. Should I send to same wallet (Jaxx) or to another wallet (Bread)?

Then I should claim my new BTG from the old wallet?

But why send to myself if it will remain in same wallet?

So, no need to uninstall wallet then reinstall, just don’t make transactions?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Kingofbitcoin12345 on October 15, 2017, 12:45:04 AM
For now,, as I have received my bitcoin equivalent from bitcoin cash fork last August from the exchange wallet that I’ve been using.. I’m a less worried about any fork that might come.. I have to spread the news as it feels more hassle free for me and a not risky at all.. I’m just waiting for any updates from them for this October 25th bitcoin Gold fork and November Segwit2.. It should be wiser to ask your service provider customer support for this kind of updates..


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 15, 2017, 08:39:23 AM
Your BTC should be safe  unless you tried to claim your coins from the other chain , Just keep you coins and do not make any transaction at the time of fork . And as stated above never try to claim your coins  before move your BTC to new address and just use your old address private keys to claim you coins , Until this moment  it is not clear if there will be a real strong reply protection or not . I am sure when time come close there will be some guides related to how to claim your coins safely .

This sounds great.

So, I should send to myself all my BTC after the fork and after things get stable. Should I send to same wallet (Jaxx) or to another wallet (Bread)?

Then I should claim my new BTG from the old wallet?

But why send to myself if it will remain in same wallet?

So, no need to uninstall wallet then reinstall, just don’t make transactions?

Any inputs?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: dificanovi on October 15, 2017, 05:03:09 PM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.


I think you do not need to delete BTC. I suggest you still have BTC wallet because your coin will be safe on BTC wallet. if you want to have BTG no need to delete BTC, you better have both.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: pawanjain on October 15, 2017, 05:14:57 PM
For now,, as I have received my bitcoin equivalent from bitcoin cash fork last August from the exchange wallet that I’ve been using.. I’m a less worried about any fork that might come.. I have to spread the news as it feels more hassle free for me and a not risky at all.. I’m just waiting for any updates from them for this October 25th bitcoin Gold fork and November Segwit2.. It should be wiser to ask your service provider customer support for this kind of updates..
That is the thing I was going to do too but then there are no updates from any exchanges other than Yobit yet regarding the fork. The last time I had kept my coins on Bittrex since it was supporting the fork and I got my equivalent amount but there is no word from them too.
So its quite difficult now to say what to do if the exchanges wouldn't be supporting it like the last time. Better to keep the coins with a private key aside to be on the safer side.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: bucksman5233 on October 15, 2017, 05:16:26 PM
If you have your private keys stored safely then no need to worry. You can claim Bitcoin gold later when the dust settles. Wallets like Electrum, Mycelium, jaxx, blockchain are all safe and don't store in anything in exchanges like Bittrex, Coinbase etc because you don't hold your private keys.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Aura on October 15, 2017, 06:52:43 PM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
That seems to be a prett good point to me about sending your BTC to a newly generated address after a fork, one other small point, that may or may not be practical is, if possible to avoid making transactions around the time of the fork.
You're right, I forgot to mention that.
To make sure you don't lose your forked coins, wait at least 12 hours after the work.
After that it's totally safe.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 16, 2017, 10:40:48 PM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
That seems to be a prett good point to me about sending your BTC to a newly generated address after a fork, one other small point, that may or may not be practical is, if possible to avoid making transactions around the time of the fork.
You're right, I forgot to mention that.
To make sure you don't lose your forked coins, wait at least 12 hours after the work.
After that it's totally safe.

Sounds ok, but I read that wallets automatically follow the “longest”  blockchain, does this mean that my wallet can decide on its own that my coins are BTG not BTC? How to be sure then after the fork if I buy BTC on local bitcoins and send the purchased BTC to my wallet it will come in my wallet as BTC not BTG?

Any further clarification is highly appreciated.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: aardvark15 on October 16, 2017, 10:46:04 PM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.

My understanding is that if you hold the private keys, your Bitcoins should be secure no matter what. Also, owning the private keys should ensure that you will be able to claim Bitcoin Gold if you choose to do so (and if you follow the appropriate steps to claim them). This is as opposed to having your Bitcoins in an exchange that holds your private keys. They could just keep those Bitcoin Gold coins for themselves or they could let you claim them. It depends on that exchange's policy.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 16, 2017, 11:02:27 PM
Thanks,

I have my 12 word with me and I am not using any exchange, I buy from localbitcoins and instantly transfer to Jaxx.

So, I don’t have to worry about what blockchain the wallet deals with?

What is what I am reading about wallet following longest blockchains?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 17, 2017, 09:29:30 AM
Thanks,

I have my 12 word with me and I am not using any exchange, I buy from localbitcoins and instantly transfer to Jaxx.

So, I don’t have to worry about what blockchain the wallet deals with?

What is what I am reading about wallet following longest blockchains?

Is that ok?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: salihno71 on October 17, 2017, 10:16:11 AM
SegWit2x doesn't have replay protection! This means that if you import your private key into the new 2x wallet and send your 2x coins to some address you could lose the original bitcoins from same address on original chain. If you want to do anything with 2x coins, make sure that before you do any transaction on 2x chain, you move your bitcoins to the new address. This way should be safe.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: savioroshan on October 17, 2017, 10:37:36 AM
These two forks have created a lot of confusion among the bitcoin users. As far as I know, your coins would be safe if you store it in any wallet that allows you to hold the private keys by yourself. This means mostly all desktop wallets are ok for storing your coins like electrum because you have the control of your coins where as in online wallets you don't have the control of your coins because you don't have the private keys . That's it.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 17, 2017, 11:34:44 AM
SegWit2x doesn't have replay protection! This means that if you import your private key into the new 2x wallet and send your 2x coins to some address you could lose the original bitcoins from same address on original chain. If you want to do anything with 2x coins, make sure that before you do any transaction on 2x chain, you move your bitcoins to the new address. This way should be safe.

Thanks. At this stage I don’t seem interested in importing my private keys, my BTC is already there in Jaxx.

But how would I know if any update to Jaxx is not adopting the new 2x?
If Jaxx did it, what can I do?

What do you mean moving my coins to a new address? Send them to myself same wallet or another wallet? Or import my jaxx wallet to another wallet? Before or after the fork?

Never felt lost like that before in my life.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 17, 2017, 11:41:10 AM
These two forks have created a lot of confusion among the bitcoin users. As far as I know, your coins would be safe if you store it in any wallet that allows you to hold the private keys by yourself. This means mostly all desktop wallets are ok for storing your coins like electrum because you have the control of your coins where as in online wallets you don't have the control of your coins because you don't have the private keys . That's it.

Hell with forks... I have my private keys, but I am reading a lot. So far, even what I read from the original BTC developers is to be summarised as “we don’t really know what’s going to happen after the fork”

If they don’t know, how come I can know!?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 17, 2017, 12:25:24 PM
Sorry. I don’t mean any offence to developers or to anybody.

I’m jus feeling lost and risking mone to just vanish, and I don’t even know how it may vanish.

I am investing for long term, but... somebody has to come out with a clear, precise, simple answer...

I am just one of millions of users I am sure they are having the same worries and questions...

Hope to hear something... positive or even negative, but clear and concrete...


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Aura on October 17, 2017, 01:25:31 PM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
That seems to be a prett good point to me about sending your BTC to a newly generated address after a fork, one other small point, that may or may not be practical is, if possible to avoid making transactions around the time of the fork.
You're right, I forgot to mention that.
To make sure you don't lose your forked coins, wait at least 12 hours after the work.
After that it's totally safe.

Sounds ok, but I read that wallets automatically follow the “longest”  blockchain, does this mean that my wallet can decide on its own that my coins are BTG not BTC? How to be sure then after the fork if I buy BTC on local bitcoins and send the purchased BTC to my wallet it will come in my wallet as BTC not BTG?

Any further clarification is highly appreciated.
No, it doesn't. However you're right about the proof of work, it's a way of confirming validity of a ledger without a central authority (decentralization). The thing is what you say is correct but you're missing the point of the 'split'. After 25 October, Bitcoin Gold will have it's own Blockchain. This Blockchain will work on the same principal as Bitcoin, following the longest chain. But it won't interact with the original Bitcoin Legacy chain. Bitcoin gold will just be a new altcoin but with a big amount of coins already distributed, because it started with a copy of Bitcoin's Blockchain. You don't really have to worry about getting the wrong coin. If you buy BTC and the seller really sends you that coin than you will get it, because a different 'thing' is sent. If I send you a brick, it will not suddenly change to wood when you get it.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: NUFCrichard on October 17, 2017, 01:35:08 PM
Sorry. I don’t mean any offence to developers or to anybody.

I’m jus feeling lost and risking mone to just vanish, and I don’t even know how it may vanish.

I am investing for long term, but... somebody has to come out with a clear, precise, simple answer...

I am just one of millions of users I am sure they are having the same worries and questions...

Hope to hear something... positive or even negative, but clear and concrete...
Do nothing and your coins are perfectly safe.
With Bitcoin Gold you can separate your Bitcoin and Bitcoin gold fairly easily, just send your bitcoin to a new bitcoin address, then send the bitcoin gold (that will have remained in your old address) to a Bitcoin Gold address.

With the Segwit 2x stuff, there is no replay protection. Don't move your coins after the segwit fork, or you could lose one of the coins. Assuming the chains grow at different speeds after the fork, you will be able to split them later, but it would be best to wait and see how and when you should move them. 

If for some reason you have to send coins soon afterwards, send the more expensive coin (most probably core coin) to a suitable more expensive coin wallet. At least you would only lose the cheaper of the coins!


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: farhaan on October 17, 2017, 01:57:08 PM
Well,bitcoin gold hard fork would be getting much little importance than bitcoin cash.Until now,no exchange or wallet have announced their support officially for bitcoin gold.

Without support of exchanges or wallets,there can't be an airdrop.No service provider is ready to touch this BTG.But in the case of bitcoin cash,bittrex first officially announced its support.Then,kraken announced its support.But this time,situation seems quite different.

I think that this time,bitcoin holders who want some free coins would get disappointed.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: 1Referee on October 17, 2017, 02:18:41 PM
Well,bitcoin gold hard fork would be getting much little importance than bitcoin cash.Until now,no exchange or wallet have announced their support officially for bitcoin gold.

Without support of exchanges or wallets,there can't be an airdrop.No service provider is ready to touch this BTG.But in the case of bitcoin cash,bittrex first officially announced its support.Then,kraken announced its support.But this time,situation seems quite different.

I think that this time,bitcoin holders who want some free coins would get disappointed.

Exchanges will definitely list BG, no doubt about it. It's an altcoin that especially in its initial stage will generate huge loads of volume, and there is no way exchanges will not look to scoop up all these trading fees. It's money in the bank for them. Wallet services are a bit different in terms of adopting newer altcoins, but if they see there is demand coming from the community in order to make whatever wallet service list BG, they will do so. It's all about supply and demand in this market, which shouldn't be a surprise to anyone.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Casabrandy on October 17, 2017, 02:20:56 PM
Well,bitcoin gold hard fork would be getting much little importance than bitcoin cash.Until now,no exchange or wallet have announced their support officially for bitcoin gold.

Without support of exchanges or wallets,there can't be an airdrop.No service provider is ready to touch this BTG.But in the case of bitcoin cash,bittrex first officially announced its support.Then,kraken announced its support.But this time,situation seems quite different.

I think that this time,bitcoin holders who want some free coins would get disappointed.
well thinking of it,there is no thread created for this topic yet regarding exchange, naybe next will hear some. For now the btc value were seems atable meaning many were into holding at the moment until fork.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 17, 2017, 02:24:27 PM
Do nothing and your coins are perfectly safe.
With Bitcoin Gold you can separate your Bitcoin and Bitcoin gold fairly easily, just send your bitcoin to a new bitcoin address, then send the bitcoin gold (that will have remained in your old address) to a Bitcoin Gold address.

With the Segwit 2x stuff, there is no replay protection. Don't move your coins after the segwit fork, or you could lose one of the coins. Assuming the chains grow at different speeds after the fork, you will be able to split them later, but it would be best to wait and see how and when you should move them. 

If for some reason you have to send coins soon afterwards, send the more expensive coin (most probably core coin) to a suitable more expensive coin wallet. At least you would only lose the cheaper of the coins!

So, let's limit to the old address. How to spot it out which are BTC and which BTG?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: spadormie on October 17, 2017, 02:29:45 PM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.
Dude, you do not need to uninstall and reinstall the wallet for the sake of being safe. The fork is like this, you have money put it in your wallet and let a security check your wallet and double it. But without any keys or private key, that security guard can't customize your wallet. He can't control it. He cannot get the funds and etc.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 17, 2017, 11:37:40 PM
Thanks guys for clarification.

I wonder why the BTC developers does not issue a formal declaration stating or summarising the above, that:
1. Your bitcoins will remain bitcoins, just keep them in a wallet where you keep private keys.
2. Don’t send or receive bitcoins during the period from xxx till yyy or till further notice.

Just to clarify for the users the situation, instead of focusing on the cons of BTG and it’s lack of replay protection which might cause you lose BTC to scare away people from BTG? It is actually scaring away people fro BTC as well..

This is my understanding to what’s happening now.. I might be wrong... but I am sure millions of bitcoiners are asking and worried the same as me...

An official statement or whatever from core BTC developers as above mentioned would help I think.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 17, 2017, 11:42:47 PM
Is it right if I conclude that:

“If you have your BTC in a wallet with your private keys and you do not try to claim the BTG you are 100% safe and you can send and receive, buy and sell BTC as usual, as if there is no BTG”


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: crairezx20 on October 17, 2017, 11:44:11 PM
Thanks guys for clarification.

I wonder why the BTC developers does not issue a formal declaration stating or summarising the above, that:
1. Your bitcoins will remain bitcoins, just keep them in a wallet where you keep private keys.
2. Don’t send or receive bitcoins during the period from xxx till yyy or till further notice.

Just to clarify for the users the situation, instead of focusing on the cons of BTG and it’s lack of replay protection which might cause you lose BTC to scare away people from BTG? It is actually scaring away people fro BTC as well..

This is my understanding to what’s happening now.. I might be wrong... but I am sure millions of bitcoiners are asking and worried the same as me...

An official statement or whatever from core BTC developers as above mentioned would help I think.
If you have no knowledge and you don't know what happen you should be worry since you are holding your investment so making a thread here in forum can help you to know to opinions of every one of us that who knows what will happen about your bitcoins after the fork,
So this thread can be also help for those who don't know what will be happen this coming fork,..
If you just safety holding seeds and private keys your invest are safe..


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 17, 2017, 11:59:09 PM
......So this thread can be also help for those who don't know what will be happen this coming fork,..
If you just safety holding seeds and private keys your invest are safe..

This has been said abundantly.
Yet it is not yet clear HOW to split BTC and BTG when the time will come, apart this piece of info from Electrum site
http://docs.electrum.org/en/latest/hardfork.html#


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 18, 2017, 04:08:26 AM
Thanks guys for clarification.

I wonder why the BTC developers does not issue a formal declaration stating or summarising the above, that:
1. Your bitcoins will remain bitcoins, just keep them in a wallet where you keep private keys.
2. Don’t send or receive bitcoins during the period from xxx till yyy or till further notice.

Just to clarify for the users the situation, instead of focusing on the cons of BTG and it’s lack of replay protection which might cause you lose BTC to scare away people from BTG? It is actually scaring away people fro BTC as well..

This is my understanding to what’s happening now.. I might be wrong... but I am sure millions of bitcoiners are asking and worried the same as me...

An official statement or whatever from core BTC developers as above mentioned would help I think.
If you have no knowledge and you don't know what happen you should be worry since you are holding your investment so making a thread here in forum can help you to know to opinions of every one of us that who knows what will happen about your bitcoins after the fork,
So this thread can be also help for those who don't know what will be happen this coming fork,..
If you just safety holding seeds and private keys your invest are safe..

Thanks a lot.

I hope this thread would result in 2 things:
1. people’s anxiety calms down, they will lose nothing.
2. an official declaration or press release from the BTC developers summarising the conclusion here in this thread, so simple in plain simple English and non techie.

I hope to see this announcement or press release soon.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: karmakeddon on October 18, 2017, 04:13:16 AM
I got a question that is nagging on my mind. How long do I have to wait before moving my coins into a new wallet after the fork? I remembered during the Segwit fork that I transferred my btc to a fresh wallet around 48 hours after the fork but the transfer still became delayed for days. I do hope that this does not happen again.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 18, 2017, 04:23:05 AM
I got a question that is nagging on my mind. How long do I have to wait before moving my coins into a new wallet after the fork? I remembered during the Segwit fork that I transferred my btc to a fresh wallet around 48 hours after the fork but the transfer still became delayed for days. I do hope that this does not happen again.

Well, I see you just added another point to my 2 points above, another point to be included in the “hoped” press release.

My personal point of view, as I am a long term investor, I don’t really mind about getting my free BTG or when.
I simply assume it didn’t happen, I can claim it any time later, though expecting great fluctuation in BTG value, but I initially assume it didn’t happen. All what I care about is my BTC.

Hope developers would show up.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: golfdoug on October 18, 2017, 04:34:59 AM
Just a question from a newbie.  If I empty mycelium wallet and convert purchases to a Paper Wallet (creating Paper Certificate Notes) when they begin giving out fork perks ( new coins ) will Paper Bitcoins be eliminated from distribution because my Bitcoins are not visible online?  Tks


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 18, 2017, 04:50:35 AM
Just a question from a newbie.  If I empty mycelium wallet and convert purchases to a Paper Wallet (creating Paper Certificate Notes) when they begin giving out fork perks ( new coins ) will Paper Bitcoins be eliminated from distribution because my Bitcoins are not visible online?  Tks

I believe it will remain of course BTC. Only if it gets imported into a wallet after the fork the wallet will receive BTG.

That is, I believe if you sold physically your paper wallet to someone after the fork you will be selling him as well the same amount of BTG.

Someone correct me if I am wrong


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Kakmakr on October 18, 2017, 06:04:32 AM
The 12 words are called a "seed", not a private key. The third party service providers provide that seed for people to recover their wallet data, when they lose their passwords or access to their wallet. You only have full control and access to coins that are generated from these forks <like Bitcoin Cash and Bitcoin Gold >, when you are the sole owner of the private key for your bitcoins.

This is why almost 90% of my coins are transferred to cold storage/paper wallets. < When a fork happens, I can decide when and how I want to use those free coins, not some third party service provider >


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 18, 2017, 07:32:17 AM
The 12 words are called a "seed", not a private key. The third party service providers provide that seed for people to recover their wallet data, when they lose their passwords or access to their wallet. You only have full control and access to coins that are generated from these forks <like Bitcoin Cash and Bitcoin Gold >, when you are the sole owner of the private key for your bitcoins.

This is why almost 90% of my coins are transferred to cold storage/paper wallets. < When a fork happens, I can decide when and how I want to use those free coins, not some third party service provider >

Ok, so, the private key is not the seed, but anyway if it is a wallet like jaxx or bread, the private key is stored inside the wallet.

If I don’t make a transaction so it is ok?

What about previous posts saying it’s ok if I don’t make a transaction?

When you say third party, do you mean jaxx or bread wallet? How can they if AFAIK my private keys are encrypted inside the wallet?

Am I right?

So, I am back to uninstall the wallet, then later install and restore using the seed. Is this Ok?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 18, 2017, 08:26:29 AM
Still hoping BTC developers can settle this.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: ahmad21 on October 18, 2017, 08:33:20 AM
There is no need to do such a thing. Dont hope for an improved security even if you uninstall your wallet. Things will remain same. Only you wont be able to access your wallet. Moreover this wont even affect your btg tokens too.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: pooya87 on October 18, 2017, 08:33:26 AM
Still hoping BTC developers can settle this.

bitcoin is not a centralized alt-shit-coin that the developers settle things for its future.
bitcoin is a decentralized system and the whole system has to settle the arguments based on what we can call "consensus". so far this has proven to be working and it has countered all the attacks such as bitcoin cash and pushed them out like a useless altcoin they are. it should be like that in the future too.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Wowcoin on October 18, 2017, 08:41:14 AM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.
If you save all that i think its safe you can uninstall it and install it later. If you have bitcoin it stays bitcoin.
I think you will get BTG if that wallet supported but some wallet didn't give BTG if you stored your bitcoin.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 18, 2017, 09:00:39 AM
So, just should not send or receive till things settle down?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 18, 2017, 09:03:31 AM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.
If you save all that i think its safe you can uninstall it and install it later. If you have bitcoin it stays bitcoin.
I think you will get BTG if that wallet supported but some wallet didn't give BTG if you stored your bitcoin.

Which wallet you think will not follow BTG for sure? I am on iOS, familiar with bread and jaxx, what you think?
Thanks


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: toltec3000 on October 18, 2017, 09:30:41 AM
in this thread you can see how much people are actually confused
this is my resum of information I found so far :

BTG fork should be dead easy if - there is realy strong replay protection
                                               - they will release any wallet supporting btg to claim your btg

what is a fair bit more dangerous is 2x fork as there will be no strong replay protection and nobody so far gave a proper advise how to use optional replay protection, where youre suppose to send bitcoin with two outputs in one transaction.
also unlike with BTG after the 2x fork the hash rate will decrease by extreme amount so we can expect milions of unconfirmed transaction and I gues those tricky miners are so bad that theyre able to make 51% attack as well to destroy LEGACY BITCOIN. this is scarying enough...


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: squatter on October 18, 2017, 09:36:05 AM
So, just should not send or receive till things settle down?

For the October 25th fork, there should be nothing to worry about. According to the BTG developers, there will be strong replay protection. So if you move your BTC, the BTG will stay in the old addresses. After the fork, if you want to claim the Bitcoin Gold, just move your BTC to a new address. Then download the Bitcoin Gold wallet on a throwaway machine / virtual machine and import the private keys that held BTC at fork time.

The main concern with Bitcoin Gold, in my eyes, is malware. There is a chance your private keys will be used to steal your BTC, so make sure to move your BTC first, and only import keys into the BTG wallet which are currently empty on the BTC chain.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: pooya87 on October 18, 2017, 09:40:24 AM
So, just should not send or receive till things settle down?

For the October 25th fork, there should be nothing to worry about. According to the BTG developers, there will be strong replay protection. So if you move your BTC, the BTG will stay in the old addresses. After the fork, if you want to claim the Bitcoin Gold, just move your BTC to a new address. Then download the Bitcoin Gold wallet on a throwaway machine / virtual machine and import the private keys that held BTC at fork time.

The main concern with Bitcoin Gold, in my eyes, is malware. There is a chance your private keys will be used to steal your BTC, so make sure to move your BTC first, and only import keys into the BTG wallet which are currently empty on the BTC chain.

the main concern regarding bitcoin gold is its replay protection.
their website says their coin has a replay protection but i have not seen any recent commit to their github code base that adds this, it is possible that i have missed it but in case i haven't it should be the main concern of you. because making any transaction on BTG without replay protection means losing your bitcoins on the BTC chain.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: squatter on October 18, 2017, 09:46:23 AM
So, just should not send or receive till things settle down?

For the October 25th fork, there should be nothing to worry about. According to the BTG developers, there will be strong replay protection. So if you move your BTC, the BTG will stay in the old addresses. After the fork, if you want to claim the Bitcoin Gold, just move your BTC to a new address. Then download the Bitcoin Gold wallet on a throwaway machine / virtual machine and import the private keys that held BTC at fork time.

The main concern with Bitcoin Gold, in my eyes, is malware. There is a chance your private keys will be used to steal your BTC, so make sure to move your BTC first, and only import keys into the BTG wallet which are currently empty on the BTC chain.

the main concern regarding bitcoin gold is its replay protection.
their website says their coin has a replay protection but i have not seen any recent commit to their github code base that adds this, it is possible that i have missed it but in case i haven't it should be the main concern of you. because making any transaction on BTG without replay protection means losing your bitcoins on the BTC chain.

It the Bitcoin Gold developers are lying and they aren't adding replay protection, the project is dead in the water anyway. And it's not a concern based on the above: "only import keys into the BTG wallet which are currently empty on the BTC chain." I would never put BTC at risk to get some airdropped tokens. :D

I'm pretty sure the Bitcoin Gold project was launched to discredit both BCH and B2X -- they all look like crappy altcoins now. As such, I think they will follow through with the time-tested and somewhat trivial address/transaction format change to prevent replay.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: newlone on October 18, 2017, 09:51:18 AM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.
Do not worry too much about this, you can still keep it as bitcoin and it will not turn into bitcoin gold. Blocking your bitcoin may prevent you from receiving extra bitcoin gold from the hard fork event.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: toltec3000 on October 18, 2017, 10:24:52 AM


I'm pretty sure the Bitcoin Gold project was launched to discredit both BCH and B2X -- they all look like crappy altcoins now. As such, I think they will follow through with the time-tested and somewhat trivial address/transaction format change to prevent replay.
[/quote]

WTF
bch is crap altcoin
b2x is fckn dangerous attack on legacy bitcoin


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: illyiller on October 18, 2017, 10:49:47 AM
Quote
I'm pretty sure the Bitcoin Gold project was launched to discredit both BCH and B2X -- they all look like crappy altcoins now. As such, I think they will follow through with the time-tested and somewhat trivial address/transaction format change to prevent replay.

WTF
bch is crap altcoin
b2x is fckn dangerous attack on legacy bitcoin

We'll see how dangerous it really is. An attack, yes. Although I disagree with the characterization many make that it's a 51% attack to stop mining the legacy chain and migrate to a different network. A 51% attack is a censorship attack. If 90% of the miners hard fork away from Bitcoin, it's more of a "starvation attack." The intent/result is to starve users of transaction confirmations to incentivize them to use the hard fork chain.

If anything, this is an important test for Bitcoin. Is it still a decentralized network? Or do a few centralized companies act for most of the users? If the NYA companies are successful in co-opting Bitcoin, being a Bitcoin maximalist stops looking so attractive...


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: robelneo on October 18, 2017, 10:58:06 AM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
That seems to be a prett good point to me about sending your BTC to a newly generated address after a fork, one other small point, that may or may not be practical is, if possible to avoid making transactions around the time of the fork.
Two or three days before the fork , exchange and other site, that transact with bitcoin cease to transact so we can expect transaction to slow down before the october 25 fork just like what happen last August when Bitcoincash was released


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 18, 2017, 11:37:44 AM
Another piece of info SegWit2x related:
https://github.com/bitcoin/bitcoin/pull/10982
"Immediately disconnect peers that use service bits 6 and 8 until August 1st, 2018
 These bits have been used as a flag to indicate that a node is running incompatible
 consensus rules instead of changing the network magic, so we're stuck disconnecting
 based on the service bits, at least for a while.

Staying connected to nodes on other networks only prevents both sides from reaching consensus quickly, wastes network resources on both sides, etc....."


Looks like that at least Bitcoin Core wallet is already safe from that hard-fork.




Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: rayneh on October 18, 2017, 11:41:59 AM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.
Do not worry too much about this, you can still keep it as bitcoin and it will not turn into bitcoin gold. Blocking your bitcoin may prevent you from receiving extra bitcoin gold from the hard fork event.
There is a difference between bitcoin and bitcoin gold. Bitcoin is working on that project which is called bitcoin gold. It is same like Mbtc unit. Because in that the price of one bitcoin gold be more than mbtc. Because they promised that it will be quite same like gold. The gold which will be never exist but the worth of that gold will be exist which is known as bitcoin gold.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: TonixGaming_14 on October 18, 2017, 02:55:41 PM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
It depend on your wallet if its safe for coming Fork this coming October 25 2017. keep your private key so you not affect by the fork coming this Oct 2017. But is important to keep you private key, your will be safe.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Lumada on October 18, 2017, 03:16:56 PM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
It depend on your wallet if its safe for coming Fork this coming October 25 2017. keep your private key so you not affect by the fork coming this Oct 2017. But is important to keep you private key, your will be safe.

some wallet didn't support frk or they are delay on forwarding the freebie, better make sure to use a legit one. Before i use electrum yet it was hard to redeem freebie yet still fine since the main reason for me by that time is not to lose my btc just how fud says befre fork before.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Aura on October 18, 2017, 03:20:08 PM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
That seems to be a prett good point to me about sending your BTC to a newly generated address after a fork, one other small point, that may or may not be practical is, if possible to avoid making transactions around the time of the fork.
Two or three days before the fork , exchange and other site, that transact with bitcoin cease to transact so we can expect transaction to slow down before the october 25 fork just like what happen last August when Bitcoincash was released
Yes that's why you shouldn't keep Bitcoins in an exchange wallet.
If you still have it, then now it's a good idea too move it to a desktop, paper or hardware wallet.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Aura on October 18, 2017, 03:22:43 PM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
It depend on your wallet if its safe for coming Fork this coming October 25 2017. keep your private key so you not affect by the fork coming this Oct 2017. But is important to keep you private key, your will be safe.


Most desktop wallets are fine, they allow you to see your private keys.
Which is the main requirement for claiming forked coins.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: karmakeddon on October 18, 2017, 03:28:45 PM
The coming fork this October 25th and the hard fork after that is starting to turn into a big clusterf*ck. I heard that F2Pool is withdrawing his support for Segwit2x? This is turning into a very big fiasco and it will surely drag the price of the coin down when it keeps on happening.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: castiel0504 on October 18, 2017, 03:34:07 PM
For now,, as I have received my bitcoin equivalent from bitcoin cash fork last August from the exchange wallet that I’ve been using.. I’m a less worried about any fork that might come.. I have to spread the news as it feels more hassle free for me and a not risky at all.. I’m just waiting for any updates from them for this October 25th bitcoin Gold fork and November Segwit2.. It should be wiser to ask your service provider customer support for this kind of updates..

Wait what? I thought that Bitcoin Gold and Segwit 2 are same shit, thought it was synonymous. So basically we are going to have 2 works in upcoming month?


Edit: Ah after reading whole topic, it looks like this are 2 different things. Do we know maybe precise date when will segwitx2 happen?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Aura on October 18, 2017, 04:31:54 PM
For now,, as I have received my bitcoin equivalent from bitcoin cash fork last August from the exchange wallet that I’ve been using.. I’m a less worried about any fork that might come.. I have to spread the news as it feels more hassle free for me and a not risky at all.. I’m just waiting for any updates from them for this October 25th bitcoin Gold fork and November Segwit2.. It should be wiser to ask your service provider customer support for this kind of updates..

Wait what? I thought that Bitcoin Gold and Segwit 2 are same shit, thought it was synonymous. So basically we are going to have 2 works in upcoming month?


Edit: Ah after reading whole topic, it looks like this are 2 different things. Do we know maybe precise date when will segwitx2 happen?
Yes, it are 2 totally different things.
We can't say exactly on what time and date it will happen but it can be estimated factoring the average block time (~10m) with the blocks left before activation, which is at block 494784. Every day the calculation should be more precise, because you eliminate the estimated time of previous blocks to real values. So let's do a calculation right now, current block height is 490486. That's 494784-490486=4298 blocks left before activation. So 42980 minutes, that's 29 days (42980/60/24). So it should happen around the 16th of November.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: azguard on October 19, 2017, 08:19:44 AM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
That seems to be a prett good point to me about sending your BTC to a newly generated address after a fork, one other small point, that may or may not be practical is, if possible to avoid making transactions around the time of the fork.
Two or three days before the fork , exchange and other site, that transact with bitcoin cease to transact so we can expect transaction to slow down before the october 25 fork just like what happen last August when Bitcoincash was released

To be honest i dont think this will slow down anything. We dont have any exchange that is confirmed that it will do this as well we dont have any wallet, then main question is if this is happening in few days who will get it when there is no wallet. For bitcoincash it was well announced but here no words at all.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Pursuer on October 19, 2017, 08:41:07 AM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
That seems to be a prett good point to me about sending your BTC to a newly generated address after a fork, one other small point, that may or may not be practical is, if possible to avoid making transactions around the time of the fork.
Two or three days before the fork , exchange and other site, that transact with bitcoin cease to transact so we can expect transaction to slow down before the october 25 fork just like what happen last August when Bitcoincash was released

To be honest i dont think this will slow down anything. We dont have any exchange that is confirmed that it will do this as well we dont have any wallet, then main question is if this is happening in few days who will get it when there is no wallet. For bitcoincash it was well announced but here no words at all.

for bitcoin cash it was announced fast because big pockets are supporting it and they have lots of money to spend and they also communicated better with exchanges and others. BTG in comparison is not communicating well and also it lacks the financial support to be able to advertise it like that or even list it on exchanges with bribes.

but don't worry it will be listed soon enough. I expect exchanges like bitfinex, yobit and couple of greedy ones add it on the first day and then if it can gain a half decent volume, poloniex, bittrex, and others will also add it.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 19, 2017, 09:08:25 AM
Hi guys,

I just read this article,  https://themarketmogul.com/bitcoin-fork-approaches/ and I thought I should share it with you.

Apart from geeky stuff it seems to me that the community does not or didn’t have a specific “definition” for Bitcoin, some see it as x that is deflationary and increases in value all the time, some see it as “currency” or medium of exchange (deflationary as well)

If there is no definition agreed upon, a target agreed upon, forks will be going on all the time.

Just my 2 cents, open source is all about the community, the community means every single player that has to do anything with crypto, developers, users, savers, investors, traders, wallet developers, miners, exchanges, service providers, merchants,.... anybody...

All should listen to and discuss with all, all should agree or compromise so there are no splits.

The stronger the more homogeneous the community is, the stronger the more successful the crypto gets.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 19, 2017, 09:15:47 AM
Quote

but don't worry it will be listed soon enough. I expect exchanges like bitfinex, yobit and couple of greedy ones add it on the first day and then if it can gain a half decent volume, poloniex, bittrex, and others will also add it.

Just to comment, an exchange is an exchange, they make money from exchanging, buying and selling commissions and fees.

So, simply if people are trading BS, garbage, specific sea shell, they will simply list it.

Their business has nothing to do with quality, reliability, security, etc... the only care about commissions.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 19, 2017, 02:25:38 PM
My point of view.
It is all a battle of miners: BTC, Bitcoin Cash, Bitcoin Gold and SegWit2X .
BTG scores a point in the way he won't subtract miners (ASICS) to BTC, but loses two points by NOT having yet implemented Replay protection (still in the todo list https://trello.com/b/P1rLw1G9/bitcoin-gold-todos (https://trello.com/b/P1rLw1G9/bitcoin-gold-todos)) and we're less than 6 days far from the fork.
IMHO BTG will be a competitor to ZEC and BC Cash, more than to BTC, if difficulty will be implemented properly. These ones will possibly suffer a lot.

With that said, I cannot help but predicting for BTC a mixed POW/POS transition phase and POS (possibly locking stakes from selling at least for a decently long period of time) landing asset (fees will avoid inflation seen in other POS coins), in order to get rid of hungry Chinese miners and eventually realizing Satoshi's idealistic dream of one CPU one coin.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 19, 2017, 09:34:22 PM
@daberti,

I believe from all what I am reading, the 2 forks are lacking the minimum requirements for a successful currency despite announcing very good intentions.

I have a feeling that they are attempting to travel back in time to repeat the same as what happened with BTC, the main goal is to make huge gains, not to really improve BTC or create a better BTC.

The bad thing, it seems to me that they don’t really care about normal users loosing their money.

Maybe the answer to this is to ignore claiming the free currencies absolutely, maybe BTC developers can do something to secure users’ BTC


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 19, 2017, 11:21:47 PM
@daberti,

I believe from all what I am reading, the 2 forks are lacking the minimum requirements for a successful currency despite announcing very good intentions.

I have a feeling that they are attempting to travel back in time to repeat the same as what happened with BTC, the main goal is to make huge gains, not to really improve BTC or create a better BTC.

The bad thing, it seems to me that they don’t really care about normal users loosing their money.

Maybe the answer to this is to ignore claiming the free currencies absolutely, maybe BTC developers can do something to secure users’ BTC

@limopc just to recap
BTC devs have already implemented since V 0.15 something to prevent the awful November fork to happen,
see my post https://bitcointalk.org/index.php?topic=2269535.msg23182458#msg23182458

Sadly enough, I feel like the BTG fork will happen AND, YES, you're fully right (IMHO):
  • they don’t really care about normal users loosing their money
  • the answer to this is to ignore claiming the free currencies absolutely (but see note below)

NOTE
Once more for all of us -count me in- Electrum is built to help AFA Forks are concerned http://docs.electrum.org/en/latest/hardfork.html (read it VERY carefully)
END NOTE


-----
Some more info from https://btcgpu.org/faq/
Inside which...
  • What wallet should I keep my BTC in to make sure I get my free BTG?

    Any secure Bitcoin wallet that gives the user exclusive control of the cryptographic private keys is a suitable location to store your coins prior to the October 25 fork. Some wallets may offer you direct access to your BTG, while others may require you to take additional technical steps. Verified wallets that support BTC and BTG side-by-side will be listed on the Bitcoin Gold home page. We will publish guides for retrieving BTG from the most popular wallets, including Bitcoin Core, Electrum, Mycelium, hardware wallets, paper wallets, and more. (red font has been choosen by myself)
  • How can I get Bitcoin Gold after the October 25 fork?

    The October 25 hard fork is the one and only opportunity to get free BTG. After that time, your options to acquire it will be to buy it on an exchange like any other cryptocurrency, to mine it with your own computer hardware (GPUs), or to earn it by trading your goods and services for it.



-----
Time is running fast and as of now they've no Replay protection at the ready and no guides from BTG site to retrieve BTG from most popular wallets (possibly without screw**g up your BTC balance). Have I got to mention that no BTG wallet is there as well?




Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: illinest on October 19, 2017, 11:27:58 PM
Time is running fast and as of now they've no Replay protection at the ready and no guides from BTG site to retrieve BTG from most popular wallets (possibly without screw**g up your BTC balance). Have I got to mention that no BTG wallet is there as well?

I wouldn't worry about it. Bitcoin Cash didn't have replay protection until the last minute. They added it 1-2 days before the fork. The necessary change is not trivial but it's also not overwhelming. There's still plenty of time to get it done.

And if not, it's no big deal. It's just an altcoin. Just make sure to always keep your BTC safe, first and foremost. In time, tutorials will emerge that will explain how to recover BTG if there is no replay protection. I assume they will add it, because no one will want to use it otherwise.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: varb00 on October 19, 2017, 11:29:00 PM
First of all, be aware that coin-splits can be somewhat risky — especially controversial ones like the SegWit2x fork. While it seems unlikely for now, there is a chance some kind of cyber-battle will break out, perhaps even escalating to the point where all exchange rates drop sharply. If you want to make sure not to be caught in any crossfire, it’s best to not hold more value in bitcoin than you are willing to lose.

cyberbattle? what on earth do you mean? people aren't like shooting bitcoins at each other haha


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 19, 2017, 11:37:14 PM
First of all, be aware that coin-splits can be somewhat risky — especially controversial ones like the SegWit2x fork. While it seems unlikely for now, there is a chance some kind of cyber-battle will break out, perhaps even escalating to the point where all exchange rates drop sharply. If you want to make sure not to be caught in any crossfire, it’s best to not hold more value in bitcoin than you are willing to lose.

cyberbattle? what on earth do you mean? people aren't like shooting bitcoins at each other haha

Emerge mentioned this article (please read it):
https://bitcoinmagazine.com/articles/bitcoin-beginners-guide-surviving-bgold-and-segwit2x-forks/

If SegWit2x will take place there will be nothing/none to laugh at, seriously  8)


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 19, 2017, 11:44:36 PM
So, may I say two points,

. Maybe the BTC developers do something to really PREVENT claiming any of the forks, this way nobody wil have the new coins or trade them, no mining, no transaction, no forks.. they will simply be born dead.

. I think, just having the BTC in a mobile or desktop wallet that keeps your private keys in it and not doing transactions during the Fork is ok for safety.

What you think?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 20, 2017, 12:05:50 AM
So, may I say to points,

. Maybe the BTC developers do something to really PREVENT claiming any of the forks, this way nobody wil have the new coins or trade them, no mining, no transaction, no forks.. they will simply be born dead.

. I think, just having the BTC in a mobile or desktop wallet that keeps your private keys in it and not doing transactions during the Fork is ok for safety.

What you think?

I already addressed the first point: a double layer i.e. POW/POS=>POS only for BTC would prevent in the future such things (and many other).

Not doing transactions during the fork is just plain common sense. Holding your private keys is mandatory. Getting the rationale behind the Electrum tutorial I posted the link to is definitely to be done (if only to see if the fork happened for real). Bear in mind: getting the rationale and NOT actually doing the splitting, which it is definitely up to each one (and requires BTG Replay protection up and running).

Bed time here now  ;)


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 20, 2017, 12:40:53 AM
Just curious,

What difference between putting BTC in paper wallet before forks if I will be definetly importing them back in mobile wallet after the fork to spend them, or simply buying with card or localbitcoins after the fork?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 20, 2017, 12:41:32 AM
So, may I say to points,

. Maybe the BTC developers do something to really PREVENT claiming any of the forks, this way nobody wil have the new coins or trade them, no mining, no transaction, no forks.. they will simply be born dead.

. I think, just having the BTC in a mobile or desktop wallet that keeps your private keys in it and not doing transactions during the Fork is ok for safety.

What you think?

I already addressed the first point: a double layer i.e. POW/POS=>POS only for BTC would prevent in the future such things (and many other).

Not doing transactions during the fork is just plain common sense. Holding your private keys is mandatory. Getting the rationale behind the Electrum tutorial I posted the link to is definitely to be done (if only to see if the fork happened for real). Bear in mind: getting the rationale and NOT actually doing the splitting, which it is definitely up to each one (and requires BTG Replay protection up and running).

Bed time here now  ;)

Happy dreams...


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 20, 2017, 02:01:58 AM
Just curious,

What difference between putting BTC in paper wallet before forks if I will be definetly importing them back in mobile wallet after the fork to spend them, or simply buying with card or localbitcoins after the fork?

Getting an answer is really vital for me. According to it I will know what I should do.

I was initially thinking of just keeping them on my mobile wallet and sleeping till mid December and then see how are things going.



Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 20, 2017, 11:43:55 AM

Getting an answer is really vital for me. According to it I will know what I should do.

I was initially thinking of just keeping them on my mobile wallet and sleeping till mid December and then see how are things going.


@limopc
Dreams were fantastic, thanks :)

IMHO keeping BTC in a mobile wallet is NOT a responsible decision right now.
Desktop wallet with private keys saved in two distinct storage devices.
Desktop wallet should have the way to show you the network you're in (BTC or BTG).

Another related matter: if we want to take advantage of what has been implemented (https://github.com/bitcoin/bitcoin/pull/10982) we all have to have the Bitcoin Core >0.15 up and running ASAP. Even with a zero balance on it. Enable pruning with a decent size (i.e. 10GB) if you cannot afford the normal setup disk space requirements.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Aleister Crowley on October 20, 2017, 02:11:41 PM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
SegWit2x fork looks more calm, but it is true it contains big risk .. ysng coins can be split to produce 1 = 1 but there is also a risk that there is such as we lose the bitcoin that we have that change with bitcoingold and the price is not necessarily can guarantee us that our money will come back ,, but there is nothing wrong if we dare to take risks to get something that is not certain, and let's just say this is a gambling


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Yadstiker on October 20, 2017, 02:42:21 PM
If you have your private key stored, you're perfectly fine.
You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly.
SegWit2x fork looks more calm, but it is true it contains big risk .. ysng coins can be split to produce 1 = 1 but there is also a risk that there is such as we lose the bitcoin that we have that change with bitcoingold and the price is not necessarily can guarantee us that our money will come back ,, but there is nothing wrong if we dare to take risks to get something that is not certain, and let's just say this is a gambling
We are always taking one step ahead so in order for us to really move forward this circumstances will be made, this forum maybe can be a big help or maybe a big lose for us, it is too uncertain and too risky, plenty of people keep on claiming it is safe, but actually the reality is that it is too risky gamble, and we cannot really avoid to be worried, maube those people are trying to ease those minds of those worried ones.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 21, 2017, 12:09:19 PM
I wouldn't worry about it. Bitcoin Cash didn't have replay protection until the last minute. They added it 1-2 days before the fork. The necessary change is not trivial but it's also not overwhelming. There's still plenty of time to get it done.

And if not, it's no big deal. It's just an altcoin. Just make sure to always keep your BTC safe, first and foremost. In time, tutorials will emerge that will explain how to recover BTG if there is no replay protection. I assume they will add it, because no one will want to use it otherwise.

Well, publishing the Replay related code in time for the community to review it for effectiveness should not still be in the todo list.
Meanwhile they're heavily pre-mining.
What's next? An ICO massive sale? To me it is a NO-NO


https://www.bitstar.com/ (supporting BTG)
BTG is already listed with a value of 0,0699 (maybe they're futures)



EDIT:
Segwit2X related
Jaxx users have a good look if you want to preserve your BTC for good
http://segwit.party/nya/



Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 22, 2017, 02:10:08 AM

Getting an answer is really vital for me. According to it I will know what I should do.

I was initially thinking of just keeping them on my mobile wallet and sleeping till mid December and then see how are things going.


@limopc
Dreams were fantastic, thanks :)

IMHO keeping BTC in a mobile wallet is NOT a responsible decision right now.
Desktop wallet with private keys saved in two distinct storage devices.
Desktop wallet should have the way to show you the network you're in (BTC or BTG).

Another related matter: if we want to take advantage of what has been implemented (https://github.com/bitcoin/bitcoin/pull/10982) we all have to have the Bitcoin Core >0.15 up and running ASAP. Even with a zero balance on it. Enable pruning with a decent size (i.e. 10GB) if you cannot afford the normal setup disk space requirements.

👍

Please see my latest comment at https://bitcointalk.org/index.php?topic=2264088.new#new and tell me what you think?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: pooya87 on October 22, 2017, 04:04:00 AM
Maybe the BTC developers do something to really PREVENT claiming any of the forks, this way nobody wil have the new coins or trade them, no mining, no transaction, no forks.. they will simply be born dead.

you can not prevent forking of an open source project under MIT license without changing these two vital aspects.
you either should make it closed source, which doesn't even make sense for something like bitcoin.
or you have to change the license to prevent people legally forking the project, which again doesn't make any sense because bitcoin does not belong to developers or anyone else for that matter to change the "license" of it!

forks of bitcoin is nothing new (https://bitcointalk.org/index.php?topic=2292712.0). the only problem they can cause, to my knowledge, is if they take bitcoin's hashrate back and forth like what BCH did for a very short time.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 22, 2017, 04:26:44 AM
Maybe the BTC developers do something to really PREVENT claiming any of the forks, this way nobody wil have the new coins or trade them, no mining, no transaction, no forks.. they will simply be born dead.

you can not prevent forking of an open source project under MIT license without changing these two vital aspects.
you either should make it closed source, which doesn't even make sense for something like bitcoin.
or you have to change the license to prevent people legally forking the project, which again doesn't make any sense because bitcoin does not belong to developers or anyone else for that matter to change the "license" of it!

forks of bitcoin is nothing new (https://bitcointalk.org/index.php?topic=2292712.0). the only problem they can cause, to my knowledge, is if they take bitcoin's hashrate back and forth like what BCH did for a very short time.

Thanks for commenting.

I am 1000% proponent of open source and p2p. I never mentioned anything about making it closed source.

I was just thinking if there is a way to prevent accessing the B2X or exchanging it even for BTC. If it is not accessible, nobody claimed it, no transactions... it is dead.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: pooya87 on October 22, 2017, 05:38:23 AM
Maybe the BTC developers do something to really PREVENT claiming any of the forks, this way nobody wil have the new coins or trade them, no mining, no transaction, no forks.. they will simply be born dead.

you can not prevent forking of an open source project under MIT license without changing these two vital aspects.
you either should make it closed source, which doesn't even make sense for something like bitcoin.
or you have to change the license to prevent people legally forking the project, which again doesn't make any sense because bitcoin does not belong to developers or anyone else for that matter to change the "license" of it!

forks of bitcoin is nothing new (https://bitcointalk.org/index.php?topic=2292712.0). the only problem they can cause, to my knowledge, is if they take bitcoin's hashrate back and forth like what BCH did for a very short time.

Thanks for commenting.

I am 1000% proponent of open source and p2p. I never mentioned anything about making it closed source.

I was just thinking if there is a way to prevent accessing the B2X or exchanging it even for BTC. If it is not accessible, nobody claimed it, no transactions... it is dead.

why "prevent access"?
it is a free market and everyone is free to create anything they want and the decentralized community will decide its faith as it has done already with bitcoin cash or any of the others.

at some point even harmful attacks on bitcoin are good. they help us find the vulnerabilities and fix them before the mass adoption.

in the end, bitcoin is still an experiment. and the software is still in Beta even if it is worth a lot of money!


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 22, 2017, 05:59:44 AM
Quote
why "prevent access"?
it is a free market and everyone is free to create anything they want and the decentralized community will decide its faith as it has done already with bitcoin cash or any of the others.

at some point even harmful attacks on bitcoin are good. they help us find the vulnerabilities and fix them before the mass adoption.

in the end, bitcoin is still an experiment. and the software is still in Beta even if it is worth a lot of money!

Prevent access, just to protect our money, our BTC from being simply hijacked.
Unless you agree with me on my other post that anyway I will be ending up with some cryptocoin(s) with the same fiat value as in https://bitcointalk.org/index.php?topic=2264088.msg23342509#msg23342509

Hope you tell me what you think.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Mandoy on October 22, 2017, 06:09:54 AM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.

Do not panic my friend since the fork can only affect those bitcoin transactions that are being made during the fork. So as long as you keep you coins in your wallet there will be no problem. Another thing is that you do not need to uninstall your wallet, that is just a waste of time. If you are really worried that much then you should not connect your computer that has your wallet to the internet. This is not necessary but if it can calm your mind then you are free to do it.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Bastime on October 22, 2017, 06:12:36 AM
Reasons why Bitcoin still safe because of Alt Coins and so does Hard Forks. The first Hard Fork (Bitcoin Cash) was successful and not only to compete top digital currencies but to help Bitcoin to raise the slope of the graph to the top. So then the upcoming Hard Fork (Bitcoin Gold) although nothings' new but basically some good features will be on the pack. These are meant to keep Bitcoin push higher investments rather than destroying it that was mentioned earlier after the first fork.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 22, 2017, 06:13:42 AM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.

Do not panic my friend since the fork can only affect those bitcoin transactions that are being made during the fork. So as long as you keep you coins in your wallet there will be no problem. Another thing is that you do not need to uninstall your wallet, that is just a waste of time. If you are really worried that much then you should not connect your computer that has your wallet to the internet. This is not necessary but if it can calm your mind then you are free to do it.

Thanks @Mandoy

Then, I’ll just go to sleep now, and wake up by 1st December... or better by the new year?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 22, 2017, 06:15:12 AM
Reasons why Bitcoin still safe because of Alt Coins and so does Hard Forks. The first Hard Fork (Bitcoin Cash) was successful and not only to compete top digital currencies but to help Bitcoin to raise the slope of the graph to the top. So then the upcoming Hard Fork (Bitcoin Gold) although nothings' new but basically some good features will be on the pack. These are meant to keep Bitcoin push higher investments rather than destroying it that was mentioned earlier after the first fork.

So, you are sure it is ok after segwit2x Fork?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Bluestacks on October 22, 2017, 07:10:37 AM
First of all, be aware that coin-splits can be somewhat risky — especially controversial ones like the SegWit2x fork. While it seems unlikely for now, there is a chance some kind of cyber-battle will break out, perhaps even escalating to the point where all exchange rates drop sharply. If you want to make sure not to be caught in any crossfire, it’s best to not hold more value in bitcoin than you are willing to lose.

Yes avoid making transactions during the fork guys!


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: ruskytailz02 on October 22, 2017, 08:25:23 AM
Next hard fork some said that they will copy the blockchain and change the structure and ability of nos. Transaction can make. I think wallets will adopt and soon be able to accept bitcoin cash and b2x if I remember.. the best way now is keep it and your private keys and after or before transfer it to another wallet that support the new split coin produce by hard fork


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 22, 2017, 03:32:00 PM
BTW: BTG fork will happen on the 24th and NOT on the 25th

1 day and 21hrs and some minutes from now
https://btcgpu.org/


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 22, 2017, 03:50:28 PM
Reasons why Bitcoin still safe because of Alt Coins and so does Hard Forks. The first Hard Fork (Bitcoin Cash) was successful and not only to compete top digital currencies but to help Bitcoin to raise the slope of the graph to the top. So then the upcoming Hard Fork (Bitcoin Gold) although nothings' new but basically some good features will be on the pack. These are meant to keep Bitcoin push higher investments rather than destroying it that was mentioned earlier after the first fork.

With my utmost respect this is misleading to say the least.

BCC was a friendly fork with strong replay protection.

BTG could be a friendly fork IF strong replay protection will be implemented, which IT IS NOT YET the case less than one day from fork !!!

SEGWIT2X is a hostile fork, with no replay protection by design (so by design it will allow for double spending, nice eh  ;D ); SEGWIT2X is meant to increase miners incomes and will have all the right things in place to allow for turning BTC into a private game for restricted numbers.
33 of the original 56 signatories of NYA, around 59%, are portfolio companies in the Digital Currency Group (DCG), an investment company run by the principal instigator of the NYA. Even nicer  ;D ;D ;D

Let's mention them all,  that is to say the ones still within NYA:

Abra (United States)
supports    

ANX (Hong Kong)
supports    

Bitangel.com / Chandler Guo (China)
supports    

Bitex (Argentina)
supports    

bitFlyer (Japan)
supports    

Bitfury (United States)
supports    

BitPay (United States)
supports    

BitPesa (Kenya)
supports    

Bitso (Mexico)
supports     

Bixin.com (China)
supports    

Blockchain (UK)
supports    

Bloq (United States)
supports    

BTCC (China)
supports    

BTER.com (China)
supports    

Circle (United States)
supports    

Civic (United States)
supports    

Coinbase (United States)
supports    

Coins.ph (Phillipines)
supports    

Decentral (Canada)
supports    

Digital Currency Group (United States)
supports    

Filament (United States)
supports    

Gavin Andresen (United States)
supports    

Genesis Global Trading (United States)
supports    

Genesis Mining (Hong Kong)
supports    

GoCoin (Isle of Man)
supports    

Grayscale Investments (United States)
supports    

Guy Corem (Israel)
supports     

Jaxx (Canada)
supports     

Korbit (South Korea)
supports    

Luno (Singapore)
supports     

MONI (Finland)
supports    

Netki (United States)
supports     

OB1 (United States)
supports     

Purse (United States)
supports    

Ripio (Argentina)
supports    

Safello (Sweden)
supports     

SFOX (United States)
supports    

ShapeShift (Switzerland)
supports    

Unocoin (India)
supports    

Veem (United States)
supports    

Xapo (United States)
supports


Bottom line:

The ones who left NYA (and will stay with BTC):

Bitwala (Germany)
withdrawn       

F2Pool (China)
withdrawn       

Vaultoro (Germany)
withdrawn      

Wayniloans (Argentina)
withdrawn       

BitOasis (United Arab Emirates)
withdrawn      

CryptoFacilities (UK)
withdrawn      

surBTC (Chile)
withdrawn  


The ones who left for BCC:

1Hash (China)
moved on to Bitcoin Cash    

BitClub Network (Hong Kong)
moved on to Bitcoin Cash    

Bitcoin.com (St. Kitts & Nevis)
moved on to Bitcoin Cash    

Bitmain (China)
moved on to Bitcoin Cash    

btc.com (China)
moved on to Bitcoin Cash    

BTC.TOP (China)
moved on to Bitcoin Cash    

ViaBTC (China)
moved on to Bitcoin Cash    

Yours (United States)
moved on to Bitcoin Cash

You can easily guess the reasoning behind that moving to BCC  ;)


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: castiel0504 on October 23, 2017, 07:23:04 PM
Its happening in 8.5h from now on http://prntscr.com/h12q3l

Thanks to your post i've managed to take my BTC from Nicehash! If i didn't see it i would miss the window totally!!
Thank you again!

BTW: BTG fork will happen on the 24th and NOT on the 25th

1 day and 21hrs and some minutes from now
https://btcgpu.org/


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: salihno71 on October 23, 2017, 07:42:25 PM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.

12 words you have stored is not a private key. Private key is related to the to the address and not to the wallet: https://en.bitcoin.it/wiki/Private_key 12 words is the recovery phrase for the wallet.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 23, 2017, 08:33:37 PM
Its happening in 8.5h from now on http://prntscr.com/h12q3l

Thanks to your post i've managed to take my BTC from Nicehash! If i didn't see it i would miss the window totally!!
Thank you again!

BTW: BTG fork will happen on the 24th and NOT on the 25th

1 day and 21hrs and some minutes from now
https://btcgpu.org/

You’re welcome 😉

EDIT: almost certainly will happen within 02:00 GMT


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 24, 2017, 11:18:44 PM
I'd like to share some more info with you:

Bittrex stance regarding BTG:
https://support.bittrex.com/hc/en-us/articles/115002320451-Statement-on-Bitcoin-Gold-BTG-

BitPanda's one, including SegWit2X:
http://mailchi.mp/coinimal/bitpandas-fork-policy?e=4d6a54d0c9

Coinbase:
https://blog.coinbase.com/timeline-and-support-bitcoin-segwit2x-and-bitcoin-gold-eda72525efd
Inside this post pay due attention to this part: "Approximately 24–48 hours post fork. Once we have ensured that the blockchains are stable, Coinbase will re-enable Bitcoin and Bitcoin2x sends and receives. Please be careful when sending funds as certain wallets and bitcoin services may refer to the two blockchains differently.".
I'll confess I couldn't help thinking to the words "ludicrous and sneaky". As I said before Coinbase is part of NYA. Segwit2X won't have BY DESIGN Replay Protection.
Logical consequence: double spending. They say "certain wallets...may refer....". It is a masterpiece of twisting the truth, which is that SEGWIT2X has NOT done anything to avoid that. It is NOT wallets' fault. Oh, if at fork's date you'll have let's say 20BTC Coinbase will take care of adding 20B2X to your deposits. Fantastic, but what about BTC withdrawal after 24-48hrs? They are NOT saying that these they'll be sent to an address belonging to BTC blockchain, and be ready to learn that this will be a fault of these shitty wallets. Go figure!



Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Kingofbitcoin12345 on October 25, 2017, 07:50:58 AM
For now,, as I have received my bitcoin equivalent from bitcoin cash fork last August from the exchange wallet that I’ve been using.. I’m a less worried about any fork that might come.. I have to spread the news as it feels more hassle free for me and a not risky at all.. I’m just waiting for any updates from them for this October 25th bitcoin Gold fork and November Segwit2.. It should be wiser to ask your service provider customer support for this kind of updates..
That is the thing I was going to do too but then there are no updates from any exchanges other than Yobit yet regarding the fork. The last time I had kept my coins on Bittrex since it was supporting the fork and I got my equivalent amount but there is no word from them too.
So its quite difficult now to say what to do if the exchanges wouldn't be supporting it like the last time. Better to keep the coins with a private key aside to be on the safer side.

Good for me,, as I have received an update not officially but from one of they’re support team that we can claim bitcoin gold equivalent to our bitcoin holdings but to transfer to an bitcoin wallet address because they don’t support this fork.. But maybe I need more clarification on the Segwit2x or they don’t include as they might be discussing it for now..


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: azguard on October 25, 2017, 12:08:00 PM
For now,, as I have received my bitcoin equivalent from bitcoin cash fork last August from the exchange wallet that I’ve been using.. I’m a less worried about any fork that might come.. I have to spread the news as it feels more hassle free for me and a not risky at all.. I’m just waiting for any updates from them for this October 25th bitcoin Gold fork and November Segwit2.. It should be wiser to ask your service provider customer support for this kind of updates..
That is the thing I was going to do too but then there are no updates from any exchanges other than Yobit yet regarding the fork. The last time I had kept my coins on Bittrex since it was supporting the fork and I got my equivalent amount but there is no word from them too.
So its quite difficult now to say what to do if the exchanges wouldn't be supporting it like the last time. Better to keep the coins with a private key aside to be on the safer side.

Good for me,, as I have received an update not officially but from one of they’re support team that we can claim bitcoin gold equivalent to our bitcoin holdings but to transfer to an bitcoin wallet address because they don’t support this fork.. But maybe I need more clarification on the Segwit2x or they don’t include as they might be discussing it for now..

This depends where you are keeping your coins, if you are having on some exchanges that are not supporters of bitcoin gold then i presume that you/he/me wont receive bitcoin gold at all. Off course this dont need to be the case, maybe they will latter adopt this but necessary at all. Some choose this other dont.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Baggong on October 25, 2017, 01:16:59 PM
This is the thing that makes me trouble, I do not like fork events for making confused, I hope there is no fork or segwit anymore, because it will hinder the bitcoin price increase.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 25, 2017, 01:50:43 PM
BTG
1) there is a high chance that there will be an ICO sell of pre-mined BTG
2)BTG futures are consequently experiencing a dump
3)When BTG wallet will be ready its source code will have to be examined under security aspects and ICO sell maybe will have happened.
4)DON'T leave your BTC on exchanges

EDIT:
Remember that SEGWIT2X fork will happen at block 494,784


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: 1Referee on October 25, 2017, 03:36:23 PM
I hope there is no fork or segwit anymore, because it will hinder the bitcoin price increase.

The main problem here are the malicious miners, which at the same time happen to be insanely influential in what they do. It has nothing to do with the protocol anymore, but more with the fact that a fork is the road to millions of dollars in instant profits, especially for the large holders behind the scenes. In case of the BG fork, it's obvious that there is only one motive that pops up, and that's their blatant greed. 200K in premine is beyond insane, and they believe to get away with it like it's just a normal thing. I have noticed that throughout the internet, there has been somewhat of a fork Gold fever, where people actually look forward to forks, while they previously were afraid that it could even damage Bitcoin. Again, greed.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: darkangel11 on October 25, 2017, 03:55:16 PM
BTG
1) there is a high chance that there will be an ICO sell of pre-mined BTG
2)BTG futures are consequently experiencing a dump
3)When BTG wallet will be ready its source code will have to be examined under security aspects and ICO sell maybe will have happened.
4)DON'T leave your BTC on exchanges

EDIT:
Remember that SEGWIT2X fork will happen at block 494,784

Are you sure? I've read that it was to be at 491407.  ???
Currently it's 491681, so we are getting closer. I was almost certain that it will happen today, on Wednesday.

If that's the case we have an interesting situation where Yobit allowed me to sell my BTG and withdraw BTC before the fork. My BTC got sent to another exchange that is supposed to give users BTG after the fork, which means that I might get my BTG twice  :o I'm really confused unless you were wrong with the block number.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 25, 2017, 06:12:52 PM

Are you sure? I've read that it was to be at 491407.  ???
Currently it's 491681, so we are getting closer. I was almost certain that it will happen today, on Wednesday.

If that's the case we have an interesting situation where Yobit allowed me to sell my BTG and withdraw BTC before the fork. My BTC got sent to another exchange that is supposed to give users BTG after the fork, which means that I might get my BTG twice  :o I'm really confused unless you were wrong with the block number.

I said SEGWIT2X NOT BTG.
BTG fork has already happened, though not witnessed by any mining.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Kingofbitcoin12345 on October 26, 2017, 10:24:27 AM
For now,, as I have received my bitcoin equivalent from bitcoin cash fork last August from the exchange wallet that I’ve been using.. I’m a less worried about any fork that might come.. I have to spread the news as it feels more hassle free for me and a not risky at all.. I’m just waiting for any updates from them for this October 25th bitcoin Gold fork and November Segwit2.. It should be wiser to ask your service provider customer support for this kind of updates..
That is the thing I was going to do too but then there are no updates from any exchanges other than Yobit yet regarding the fork. The last time I had kept my coins on Bittrex since it was supporting the fork and I got my equivalent amount but there is no word from them too.
So its quite difficult now to say what to do if the exchanges wouldn't be supporting it like the last time. Better to keep the coins with a private key aside to be on the safer side.

Good for me,, as I have received an update not officially but from one of they’re support team that we can claim bitcoin gold equivalent to our bitcoin holdings but to transfer to an bitcoin wallet address because they don’t support this fork.. But maybe I need more clarification on the Segwit2x or they don’t include as they might be discussing it for now..

This depends where you are keeping your coins, if you are having on some exchanges that are not supporters of bitcoin gold then i presume that you/he/me wont receive bitcoin gold at all. Off course this dont need to be the case, maybe they will latter adopt this but necessary at all. Some choose this other dont.


Nope,, even my bitcoin wallet is an exchange and not supporting the bitcoin Gold fork.. They give us assurance as they’re client that they will release the bitcoin gold equivalent but for us to provide bitcoin gold address that will receive it.. They do it with bitcoin Cash and I’m still sure they will even on Segwit2x.. That’s why I do trust them for they’re always be the best in my eyes..


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 26, 2017, 10:42:55 PM
Now,  I have my BTC in a paper wallet before BTG Fork, plus some in Jaxx after the BTG fork.

Still couldn’t find a way to claim my BTG... anybody knows howto?

For the next fork B2X, should I move my latest BTC from Jaxx to paper wallet before the B2X fork?

How to claim the B2X?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: marky89 on October 26, 2017, 10:58:11 PM
Now,  I have my BTC in a paper wallet before BTG Fork, plus some in Jaxx after the BTG fork.

Still couldn’t find a way to claim my BTG... anybody knows howto?

There is still no Bitcoin Gold network. It's really weird that exchanges like Bitfinex are treating it as if BTG is a real coin as opposed to a coin split contract or futures contract. The code is broken, there is no replay protection, and there is no network. BTG literally doesn't exist. So, wallet software will not allow you to claim any...this is correct.

For the next fork B2X, should I move my latest BTC from Jaxx to paper wallet before the B2X fork?

How to claim the B2X?

Regarding the fork, there is no reason to move BTC from Jaxx to a paper wallet. You control your private keys on Jaxx, so you should have access to both your BTC and B2X after the fork. Claiming the B2X is a bit tricky because there is no replay protection. I would wait until some good tutorials emerge on how to separate the BTC from B2X. If you're not careful, you might lose BTC in the process.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 26, 2017, 11:00:37 PM
Now,  I have my BTC in a paper wallet before BTG Fork, plus some in Jaxx after the BTG fork.

Still couldn’t find a way to claim my BTG... anybody knows howto?

For the next fork B2X, should I move my latest BTC from Jaxx to paper wallet before the B2X fork?

How to claim the B2X?

You cannot claim BTG until a wallet for it will be released and tested for safety by the community.
FYI the BTG fork has to be mined yet and its mainnet is not yet up and running with Replay-protection tested and running.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 26, 2017, 11:08:23 PM
Thanks guys,

The main concern I see is the replay protection for both B2X and BTG.

So, simply having BTC in Jaxx where I have my private keys should not be a problem.

But, what if Jaxx decided after the fork(s) to follow the new blockchains and not the BTC blockchain? This means that my BTC will be automatically converted to the new chain! Then if B2X is 0.5 BTC then my “money” will be valued at half, 500 usd instead of 1000 usd.

It is so critical. What is the best way not to lose BTC or lose value (in usd)?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 26, 2017, 11:11:03 PM

Regarding the fork, there is no reason to move BTC from Jaxx to a paper wallet. You control your private keys on Jaxx, so you should have access to both your BTC and B2X after the fork. Claiming the B2X is a bit tricky because there is no replay protection. I would wait until some good tutorials emerge on how to separate the BTC from B2X. If you're not careful, you might lose BTC in the process.

NOT true at all. When the conditions at my post above will be met, in order to claim your BTG yo'll have to do something like this
https://electrum.org/bcc2.txt

As far as B2X is concerned you didn't read my post where I documented that Jaxx is part of the NYA
http://segwit.party/nya/
Move them ASAP to i.e. Electrum to avoid troubles as B2X has no Replay Protection at all.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Jonsnowstark on October 26, 2017, 11:29:38 PM
I have come across a blog regarding how to protect our btc for the coming forks. You might wanna check this https://its[Suspicious link removed]/how-to-get-prepared-for-segwit2x-and-bip148-secure-your-bitcoins/ based on the given steps, i guess the paper wallet is the most secure way. You can choose which one would best suit you.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 26, 2017, 11:31:52 PM
Quote


NOT true at all. When the conditions at my post above will be met, in order to claim your BTG yo'll have to do something like this
https://electrum.org/bcc2.txt

As far as B2X is concerned you didn't read my post where I documented that Jaxx is part of the NYA
http://segwit.party/nya/
Move them ASAP to i.e. Electrum to avoid troubles as B2X has no Replay Protection at all.

So, you say that I should move all BTC to paper wallet?

Ok, after the B2X fork (say mid December), I might need to buy some more BTC or B2X (if BTC died) and B2X replaced it. What would be the destiny of my BTC paper wallet?

Please look at my post https://bitcointalk.org/index.php?topic=2264088.msg23447513#msg23447513 and comment here on this thread, what you think about my estimation/analysis.

For convenience, here is what I wrote there:
Quote
So, I understand the following is correct:

1- I will simply keep my BTC in Jaxx mobile wallet.
2- As of 23 October I will not buy, sell, send, recieive or even move or import between wallets or addresses.
3- 1st December I am having “on the ledgers” say 5 BTC and 5 BTG, and 5 B2X
4- I am having my private keys for BTC in Jaxx wallet.

5 BTC are already in my Jaxx wallet.

BTG block chain exists definetly with its own exchange rate

I assume by 1st December the dust would have settled and we have one of the following situations:
1- BTC or B2X is dead and equal zero, that is, one of them will not be existing, the survivor will be called Bitcoin and BTC (whether it is the 1 MB or the new 2 MB), and it will have the same market price of BTC.
2- BTC only exists (so business as usual, as if there was no segwit2x)
3- B2X only exists (so I have 5 airdropped B2X, with its market value, and 5 BTC are gone)
4- Both BTC and B2X coexists, and I have 5 BTC and 5 B2X (it is up to the market to give the price for each, but the market might support B2X for faster confirmation and lower transaction fee), if so, I assume 1 BTC+1 B2X will be equal to roughly the 6000 USD current market price (assuming no price change till then)

Then remains the question about the replay of the transaction, how would I send all my BTC funds on the 1st December to another BTC address in another wallet and be sure it will be received and executed as BTC during the transaction?

I should then after emptying my Jaxx wallet, install a B2X wallet and import the Jaxx wallet so I get the airdropped 5 B2X in it.

Am I correct in this analysis?

Sorry, it is technically complicated for me.

What do you think?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: squatter on October 26, 2017, 11:50:24 PM

Regarding the fork, there is no reason to move BTC from Jaxx to a paper wallet. You control your private keys on Jaxx, so you should have access to both your BTC and B2X after the fork. Claiming the B2X is a bit tricky because there is no replay protection. I would wait until some good tutorials emerge on how to separate the BTC from B2X. If you're not careful, you might lose BTC in the process.

NOT true at all. When the conditions at my post above will be met, in order to claim your BTG yo'll have to do something like this
https://electrum.org/bcc2.txt

Actually, the above post is true. I think you misread it. It doesn't say anything about BTG.

Jaxx gives you access to your private keys. It's not a web wallet. After the Segwit2x fork, you can extract any private keys that held BTC and they will hold both BTC and B2X. The same is true of the BTG snapshot, once the network actually launches.

And it's true that people should avoid transacting until they know how to split their coins.

As far as B2X is concerned you didn't read my post where I documented that Jaxx is part of the NYA
http://segwit.party/nya/
Move them ASAP to i.e. Electrum to avoid troubles as B2X has no Replay Protection at all.

It doesn't matter if Jaxx is part of the NYA. Jaxx users still have their private keys. It's not a web wallet like Xapo where users can lose BTC just by holding BTC in the web wallet.

Electrum under default settings is just as unsafe as Jaxx to use after the fork. It doesn't enforce consensus rules and randomly connects to trusted servers. As there is no replay protection, Electrum should be usable for both B2X and BTC after the fork. So you can be replay attacked just the same.

You should be telling people to move their coins to a Core wallet, not Electrum, if you're concerned about people losing BTC.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 27, 2017, 12:09:23 AM
limopc, you're complicating things...I'll repeat myself...

Claiming BTG has already been explained above. With all of the pre-requisites and conditions to be met.
If BTG will have an official wallet replay-protection properly witnessed by community etc etc then you'll go this way https://electrum.org/bcc2.txt
Otherwise you'll go this way for your own safety http://docs.electrum.org/en/latest/hardfork.html
Please read it.


B2X will have 33.1% emergent consensus from the >83% that it meant to be, as I'm writing.
https://coin.dance/blocks
Electrum from 2.9 on allows you to detect Forks and handle them accordingly. This had been implemented with SEGWIT2X in mind.
How to do is explained here http://docs.electrum.org/en/latest/hardfork.html
Please read it.

In general leaving BTC on exchanges (i.e. Coinbase) part of NYA or on wallets (i.e. JAXX)part of NYA is pure lack of common sense.
A list (that had been already posted above)of current members of NYA: steer away from them!

Abra (United States)
supports    

Bitangel.com / Chandler Guo (China)
supports    

Bitex (Argentina)
supports    

bitFlyer (Japan)
supports    

Bitfury (United States)
supports    

BitPay (United States)
supports    

BitPesa (Kenya)
supports    

Bitso (Mexico)
supports     

Bixin.com (China)
supports    

Blockchain (UK)
supports    

Bloq (United States)
supports    

BTCC (China)
supports    

BTER.com (China)
supports    

Circle (United States)
supports    

Civic (United States)
supports    

Coinbase (United States)
supports    

Coins.ph (Phillipines)
supports    

Decentral (Canada)
supports    

Digital Currency Group (United States)
supports    

Filament (United States)
supports    

Gavin Andresen (United States)
supports    

Genesis Global Trading (United States)
supports    

Genesis Mining (Hong Kong)
supports    

GoCoin (Isle of Man)
supports    

Grayscale Investments (United States)
supports    

Guy Corem (Israel)
supports     

Jaxx (Canada)
supports     

Korbit (South Korea)
supports    

Luno (Singapore)
supports     

MONI (Finland)
supports    

Netki (United States)
supports     

OB1 (United States)
supports     

Purse (United States)
supports    

Ripio (Argentina)
supports    

Safello (Sweden)
supports     

SFOX (United States)
supports    

ShapeShift (Switzerland)
supports    

Veem (United States)
supports    

Xapo (United States)
supports


I seriously hope we're done with that :)
Now let's wait for the BTG mainnet and BTG wallet.







Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 27, 2017, 12:23:06 AM

It doesn't matter if Jaxx is part of the NYA. Jaxx users still have their private keys. It's not a web wallet like Xapo where users can lose BTC just by holding BTC in the web wallet.

Electrum under default settings is just as unsafe as Jaxx to use after the fork. It doesn't enforce consensus rules and randomly connects to trusted servers. As there is no replay protection, Electrum should be usable for both B2X and BTC after the fork. So you can be replay attacked just the same.

You should be telling people to move their coins to a Core wallet, not Electrum, if you're concerned about people losing BTC.

It does NOT matter if Coinbase here https://blog.coinbase.com/timeline-and-support-bitcoin-segwit2x-and-bitcoin-gold-eda72525efd states
"Approximately 24–48 hours post fork. Once we have ensured that the blockchains are stable, Coinbase will re-enable Bitcoin and Bitcoin2x sends and receives. Please be careful when sending funds as certain wallets and bitcoin services may refer to the two blockchains differently."
Quite clear the NYA stance.

Here http://docs.electrum.org/en/latest/hardfork.html it is stated ...."If you own Bitcoins before the fork, a transaction that spends these coins after the fork will, in general, be valid on both chains. This means that you might be spending both coins simultaneously. This is called ‘replay’. To prevent this, you need to move your coins using transactions that differ on both chains.

Fork detection

Electrum (version 2.9 and higher) is able to detect consensus failures between servers (blochchain forks), and lets users select their branch of the fork.
•Electrum will download and validate block headers sent by servers that may follow different branches of a fork in the Bitcoin blockchain. Instead of a linear sequence, block headers are organized in a tree structure. Branching points are located efficiently using binary search. The purpose of MCV is to detect and handle blockchain forks that are invisible to the classical SPV model.
•The desired branch of a blockchain fork can be selected using the network dialog...."

Can you get the huge difference? Here you anyone can choose the branch and split the coins, otherwise they'll do double spending by barely importing privvy Keys into the to be B2X wallet (or any other wallet that doesn't allow choosing the proper blockchain).
If we don't allow for this sinking deeply in our minds we'll face serious troubles and probably we'll deserve these.

EDIT:
1)Core Wallet does NOT enable splitting in a handy way for non techies
2)Jaxx has a proven history of epic failures https://vxlabs.com/2017/06/10/extracting-the-jaxx-12-word-wallet-backup-phrase/#update-extract-pin

Other info:
https://bitcoin.org/en/alert/2017-10-09-segwit2x-safety
Inside....."we recommend a wallet such as GreenAddress, Electrum or TREZOR" no wonders Jaxx is NOT there  ;D







Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 27, 2017, 12:58:40 AM
@daberti,

Sorry, I didn’t mean any complications.

I am just not thatt techie... all what I read are probably, perhaps, maybe, hopefully, undecided... all these doesn’t fit with me.

I just moved all BTC to paper wallet.

Seems to me Bread wallet has some plans for letting users decide which chain they want to transact on.

I’ll wait and see.

Thanks


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Spendulus on October 27, 2017, 01:07:47 AM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.

First of all.

The "12 words" is not the private key(s). Very different. Read BIP38.

Rather than "believe" that the 12 words will restore correctly after a reinstall, why not go to the core of the issue.

See if you can dump your private keys, then store them on paper.

More.

I just went to the JAXX website and started reading their code. Basically my gut feeling is NO JAXX. I didn't go all the way through it, but that's my opinion.



Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 27, 2017, 01:15:03 AM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.

First of all.

The "12 words" is not the private key(s). Very different. Read BIP38.

Rather than "believe" that the 12 words will restore correctly after a reinstall, why not go to the core of the issue.

See if you can dump your private keys, then store them on paper.

Thanks for clarification

I already had all BTC in a paper Whaley stored safely, where I have the qr code for both the private key and public key.

I’ll see later which wallet I will import to after things get settled or get cleare.

I read on bread wallet
“What this means is that unless you tether your app to a node of your choosing (a powerful feature that is available within the app today), your Bread will end up interacting with whichever chain has the most miners..”

Hopefully there will be a safe way not to lose coins and not to lose value.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: GreenBits on October 27, 2017, 01:17:38 AM
Just wondering, as I am reading a lot about Fork risks especially with bitcoin gold.

I have the private keys (the 12 words) safely stored.

What if I simply uninstall the wallet that has my BTC (it is Jaxx by the way) before the fork, then reinstall later and recover from the 12 keywords. Would that be ok or will be risk?

Would my BTC remain BTC or can accidentally be changed to BTG?

What safest wallet?

Your help highly appreciated.

Let me explain what a fork actually is. At a predetermined time, a snap shot of the original blockchain is taken, and the new chain is start by the b group of miners. he old chain is completely unaffected by this process; its essentially a new coin being created using the records and balances of the existing bitcoin blockchain. As long as you have the private keys to the wallets in question, you should be able to access both chains. Nothing is compromised, nothing is changed. You simply gain the ability to access two different blockchains with a single private key.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Spendulus on October 27, 2017, 01:27:14 AM
....

I already had all BTC in a paper Whaley stored safely, where I have the qr code for both the private key and public key.

I’ll see later which wallet I will import to after things get settled or get cleare.
.......

So you have true legacy bitcoin addresses? Good.

One more point.

Wait until after the start of 2018.

For every time you think about "taking some action" then wait another month.

Some people for very specific purposes have created clouds of confusion at this time.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: exstasie on October 27, 2017, 01:33:03 AM
Can you get the huge difference? Here you choose the branch and split the coins, otherwise you'll do double spending by barely importing privvy Keys into the B2X wallet.
If you do not get this you'll face serious troubles and probably you'll deserve.

While I agree with your general position, I think that you've been missing the point. People were just saying that what matters is holding your private keys; the "NYA stance" as you put it isn't relevant there. There is an important distinction to make: where you hold your private keys =/= what service you use to push transactions.

Anyway, there are a lot of reasons never to use Jaxx regardless of the NYA. It's buggy and the desktop wallet is highly insecure, secured only by a 4-digit pin.

Quote
Electrum (version 2.9 and higher) is able to detect consensus failures between servers (blochchain forks), and lets users select their branch of the fork.
•Electrum will download and validate block headers sent by servers that may follow different branches of a fork in the Bitcoin blockchain. Instead of a linear sequence, block headers are organized in a tree structure. Branching points are located efficiently using binary search. The purpose of MCV is to detect and handle blockchain forks that are invisible to the classical SPV model.
•The desired branch of a blockchain fork can be selected using the network dialog...."

I like what Electrum has done here, but I still wouldn't be comfortable using it. It's never been tested in the wild, so to speak. I'm still hoping there will be a form of opt-in replay protection. But if not, I'm comfortable doing an RBF + nLocktime transaction to split the coins.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 27, 2017, 01:54:14 AM
Thanks greenbits

I am still having a problem to figure out if any blockchain will die, both survive, which will be the “real” BTC.

There are lots and lots of writings, both sides claiming the other blockchain will die, the other crypto will be of no value, it is all politics unfortunately...


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: limopc on October 27, 2017, 02:03:13 AM
@spendulus,

Yes, it’s all about confusion, politics as usual,

But for me I see it’s all about “making money”, both sides think as such, not actually improving bitcoin.

Sorry to be honest and clear, this is what I think, I may be wrong, both parties care in the first place about money, their own money. If it was about bitcoin there would have been exchanged discussions and serious technical talk, not exchanged insults between the 2 sides.

Sorry. No offense to anybody.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 27, 2017, 12:39:04 PM
@daberti,

Sorry, I didn’t mean any complications.

I am just not thatt techie... all what I read are probably, perhaps, maybe, hopefully, undecided... all these doesn’t fit with me.

I just moved all BTC to paper wallet.

Seems to me Bread wallet has some plans for letting users decide which chain they want to transact on.

I’ll wait and see.

Thanks

Just edited my post above: these are the wallets recommended by Bitcoin Core: "we recommend a wallet such as GreenAddress, Electrum or TREZOR"
Link to source in my edited post.
BTW my stance is stable and documented.

EDIT: Green Address wallet removed by myself as it is based on Centralized Validation.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 27, 2017, 12:44:10 PM

I like what Electrum has done here, but I still wouldn't be comfortable using it. It's never been tested in the wild, so to speak. I'm still hoping there will be a form of opt-in replay protection. But if not, I'm comfortable doing an RBF + nLocktime transaction to split the coins.

I'll be myself the spearhead with BTG, as it will not have decent and decently proven RP (Replay Protection) implemented by mining-start time.
After all I'll be sending coins to myself ;)
Read also: "we recommend a wallet such as GreenAddress, Electrum or TREZOR" https://bitcoin.org/en/alert/2017-10-09-segwit2x-safety (Red Alert grade, BTW)

EDIT: Green Address wallet removed by myself as it is based on Centralized Validation.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 27, 2017, 01:02:05 PM


While I agree with your general position, I think that you've been missing the point. People were just saying that what matters is holding your private keys; the "NYA stance" as you put it isn't relevant there. There is an important distinction to make: where you hold your private keys =/= what service you use to push transactions.

What matters is NOT ONLY saving and securely storing your privvy Keys, because WHEN you'll import them to your wallet (either BTG wallet or B2X wallet) you'll expose  your BTC sum as well, as BTG currently does NOT have RP implemented and B2X will never have.

That is the pivotal point!!! You need to split your BTG/B2X/BTC belongings each one on its very own chain.

You're right about one big thing though: using latest Bitcoin Core wallet.
This NOT in order to store funds as i did already explain, but to cut out B2X network from BTC one.


IMPORTANT BTG Replay-protection related update:
https://bitcoingold.org/bitcoin-gold-dev-update-1/

"
SIGHASH_FORK_ID Replay Protection
ETA: Oct 31

PR 1: https://github.com/BTCGPU/BTCGPU/pull/55
PR 2: https://github.com/BTCGPU/BTCGPU/pull/83

We are working on the same 2-way replay protection as Bitcoin Cash. Currently we have two implementations. PR1 is from our dev team and PR2 is from an anonymous person seeking the bounty. The two implementations are roughly the same but both need improvements on testing.

The original intention to make a bounty for it was to find more devs to speed up the development and get more feedback. However a competing implementation is also welcome because we can be more confident by comparing them. So no matter which PR is finally merged, we are happy to see that the anonymous author can get the bounty.

Testing is always more important than coding for this kind of feature. We can’t rush to merge the code until it has been fully tested. So we may need a few days to test until we can be fully confident in it.
"



Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: xPPx on October 28, 2017, 10:48:00 AM
I have a couple questions. Why not instate replay protection BEFORE the snapshot? Why not push back the snap shot to AFTER replay protection was instated?


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 28, 2017, 10:56:07 AM
I have a couple questions. Why not instate replay protection BEFORE the snapshot? Why not push back the snap shot to AFTER replay protection was instated?

That's to be asked to them :)

Anyway to me does NOT change anything, i.e. if their chain will be up and running safe and sound, I'll do a coin split as I said, instead of importing privvy Keys thus being on the safe side.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 29, 2017, 02:04:07 PM
Update

BTG devs are still running pointless like a whole lot of headless chickens  ;D
According Coinmarketcap their futures are at 0.02235930 BTC and $129.25, just some 12 USD more than the half of ZEC.
https://coinmarketcap.com/currencies/bitcoin-gold/

Here they are futures for B2X instead:
https://coinmarketcap.com/currencies/segwit2x/

Go figure.

Now, B2X and Bitfinex. Do you remember my post above mentioning Coinbase stance?

Now there is Bitfinex one
https://www.bitfinex.com/posts/223
The difference is remarkable as in between this post is ....
"
...The lack of strong two-way replay protection in Segwit2x means that we must take steps to protect customer funds. At the moment of the fork, all deposits and withdrawals for both BTC and B2X will be halted until we are able to: 1. ‘taint’ our customers’ bitcoins to ensure withdrawals cannot be replayed on both chains; and, 2. ensure that we can properly credit deposits in the event a transaction is replayed on both chains. We expect this process to require at least 24 hours, and potentially significantly longer. If the the event happens, announcements will be made throughout the process to keep everyone up to date.
"

Well done Bitfinex!!


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: Paecga129 on October 29, 2017, 07:52:58 PM
The best thing you can do during all these forks is not buy into them with your BTC, but look out for wallets like Samourai Wallet that is on the verge of implementing a features that allows you to auto-dump your forkcoins for more BTC.


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 29, 2017, 09:06:53 PM
The best thing you can do during all these forks is not buy into them with your BTC, but look out for wallets like Samourai Wallet that is on the verge of implementing a features that allows you to auto-dump your forkcoins for more BTC.

Thanks 👍🏻
I’ll give it a look

Edit: for Android only and Alpha stage only :(
No Desktop version, no Apple version...


Title: Re: The Coming Fork(s) Safety For BItcoins
Post by: daberti on October 30, 2017, 11:33:30 AM
False BTG wallets and sites per BTG own site:

https://bitcoingold.org/not-official-websites/