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Title: BTC vs BTU keeping my coins safe Post by: Icon on March 29, 2017, 05:42:17 PM I know there is a million post about 1 vs the other, this post isn't about that, what i want to know after the smoke settles, is how i can transfer my cold storage btc into which ever qt survived.. Would importing/exporting the priv keys work? Seeing i cant transfer the coins over the dead network anymore?
Icon Title: Re: BTC vs BTU keeping my coins safe Post by: Holliday on March 29, 2017, 05:47:21 PM If only one chain survives, you don't need to do anything. Your coins are still your coins and they function on either chain that forks from Bitcoin's currently existing chain.
If two (or more) chains survive, you need to learn how to disassociate coins in order to prevent replay attacks. Title: Re: BTC vs BTU keeping my coins safe Post by: dacueba on March 29, 2017, 05:55:36 PM if you have the private keys I guess you'll be able to import to the all the wallets the key and spend the coins ???
not really difficult Title: Re: BTC vs BTU keeping my coins safe Post by: bitbunnny on March 29, 2017, 07:14:26 PM if you have the private keys I guess you'll be able to import to the all the wallets the key and spend the coins ??? not really difficult Yes, this should work so. If more chains will exist everyone should be able to access their coins in wallets and switch to something if necessary. The problem could be coins stored in exchangers. Although exchangers are not supposed to be wallets many people store their Bitcoins there. They should be removed from there on time and actualy nothing bad shouldn't happen. Title: Re: BTC vs BTU keeping my coins safe Post by: mr.mister on March 29, 2017, 08:39:13 PM If or when Bitcoin forks, and both blockchains survive (doubtful), what is likely to happen to the price of BTC? Will it go to half as much, and then BU will make up the other half, or will it stay the same, and you will double your money because of the split? What is likely to happen?
Title: Re: BTC vs BTU keeping my coins safe Post by: Bit_Happy on March 29, 2017, 08:43:59 PM If or when Bitcoin forks, and both blockchains survive (doubtful), what is likely to happen to the price of BTC? Will it go to half as much, and then BU will make up the other half, or will it stay the same, and you will double your money because of the split? What is likely to happen? Bitcoin will be damaged beyond repair after the media tells everyone their version of the story. This battle has been going on too long, how can we get the Devs to leave Blockstream? |