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"Do you accept Bitcoin?"
"You bet!"
"Great!" *sends transaction*
"Where's my money?"
"I sent it!"
"I'm on Fork 3B"
"I'm on Fork 27A"
"Shit."
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To split your coins
On BTC chain you have some coins in address (A), you send your coins to another address you own (B), and include a further special recipient address 3Bit1xA4apyzgmFNT2k8Pvnd6zb6TnwcTi to whom you send a few satoshis. (You have to use send to many option in your wallet, to send them at once).
Any transactions that contain this special address will be ignored by 2X miners.
Once this is successful, you will have your BTC in an address(B) you own.
IIUC, I would not employ this mechanism for my coins. The part that I have underlined seems to require full faith in what the miners will do. You have no a priori method of knowing whether that address will 'be ignored' by any miner. Yes, it's a policy, miners could ignore the policy and include the transaction. No, this is not correct. Transactions to that address are will be considered invalid by 2x nodes & miners; A block containing them would be invalid and not be built upon. |
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Your BTC transaction will be replayed on BTC2X.
That's by design, for maximum disruption. A hostile takeover attempt by any reasonable standards. I think splitting BTC-B2X will require mixing freshly mined coins into one's transactions. The landing chain of the transaction will be the chain where the fresh coins were mined. I still have to figure out how to do that. There seems to be a different way invoving timelocked transactions - but I won't have a clue about this bit of magic until I research the matter. BTW, for the technically knowledgeable: pointers would be welcome  There is going to be opt-in replay protection. (Why opt-in and not strong, see https://bitcointechtalk.com/how-segwit2x-replay-protection-works-1a5e41767103) To split your coins On BTC chain you have some coins in address (A), you send your coins to another address you own (B), and include a further special recipient address 3Bit1xA4apyzgmFNT2k8Pvnd6zb6TnwcTi to whom you send a few satoshis. (You have to use send to many option in your wallet, to send them at once). Any transactions that contain this special address will be ignored by 2X miners. Once this is successful, you will have your BTC in an address(B) you own. Now you switch to the 2X chain, and send again from your first address (A), this time to a different addresses (C) you own this time omitting the special recipient address. After this: A is empty on both chains B contains BTC coins C contains 2X coins So if we want to use the Bitcoin blockchain now we have to send two txs at once, one real one and one spam. That right? Not now, this can be done after the HF on Nov 18-19 and just once to split the coins. Now you proceed as usual. |
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Your BTC transaction will be replayed on BTC2X.
That's by design, for maximum disruption. A hostile takeover attempt by any reasonable standards. I think splitting BTC-B2X will require mixing freshly mined coins into one's transactions. The landing chain of the transaction will be the chain where the fresh coins were mined. I still have to figure out how to do that. There seems to be a different way invoving timelocked transactions - but I won't have a clue about this bit of magic until I research the matter. BTW, for the technically knowledgeable: pointers would be welcome There is going to be opt-in replay protection. (Why opt-in and not strong, see https://bitcointechtalk.com/how-segwit2x-replay-protection-works-1a5e41767103) To split your coins On BTC chain you have some coins in address (A), you send your coins to another address you own (B), and include a further special recipient address 3Bit1xA4apyzgmFNT2k8Pvnd6zb6TnwcTi to whom you send a few satoshis. (You have to use send to many option in your wallet, to send them at once). Any transactions that contain this special address will be ignored by 2X miners. Once this is successful, you will have your BTC in an address(B) you own. Now you switch to the 2X chain, and send again from your first address (A), this time to a different addresses (C) you own this time omitting the special recipient address. After this: A is empty on both chains B contains BTC coins C contains 2X coins |
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Has everyone decided what to do with their S2X fork coins? Could this be the version that backdoors onto Wall street ETF-style?
If I understand it correctly we will not be able to use 2x coins without replay protection. transfering 2x coins without replay protection also transfers your bitcoins. fuck that! Actually, the coins can be splitted, but they must be tainted by newly mined coins. While this option can be included in the wallets updates, I am not sure if this will be done by all major exchanges. In the past they required replay protection, we will see this time what they decide. Anyway, for some time nobody will know what the price of the 2 bitcoins should be, which may lead to another bearish fall during the days/weeks of uncertainty. At least this happened after the announcements about the BU fork. Now again the two sides for pollitical reasons are refusing to make mandatory replay protection. If Lee's advice is followed, the new 2x thing should be altcoin like BCH: "So Coinbase is forced to support both forks at the time of the hardfork and need to let the market decide which is the real Bitcoin. Now the question is which fork will retain the “BTC” and “Bitcoin” moniker and which will be listed as something separate. Although Coinbase signed the NYA agreement, I do not believe that this agreement binds them in any way with respect to how to name the separate forks. For practical reasons, the BTC symbol belongs to the incumbent, which is the original chain. This is because there will be no disruption to people who are running Bitcoin Core software and depositing/withdrawing BTC to/from Coinbase and GDAX. And only if you trade the coin on the 2x fork, would you need to download and run the BTC1 Segwit2x client. If the market really supports this Segwit2x upgrade, that coin will trade at a higher price. And then we will all agree which is Bitcoin and which is a minority fork. There will be no contention at that point." In the same time everyone is asking how btc will be the 'true bitcoin' with 5-10% of the hashrate?  |
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I feel sorry for those dumpsters on dumpfinex that sold below 2700$ just before the split and didn't get the BCH |
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Just a rich spoiled troll dumped 1K BTC on dumpfinex when it was on its way to the new ATH. I watch his 200-500-1000 walls for some time. He never makes profit, just enjoys hurting everyone else. Probably Jihan Wu or his puppet. Nothing new... I hope FBI closes too that exchange |
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I wish dumpfinex will be closed by FBI and all dumpsters lose their coins  |
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Jihan Wu dumped 3K bitcoin on bitfiniex in 5 mins. Only 1% damage. He will see what a real dump is on his BCC on 1 Aug  |
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Yes. In my math, $403 is exactly between 1% and 2% of $2759. </s>
And you call that math?!?!? Jesus, I wonder how many 'traders' trade by such math |
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Jesus, those 1-2K sell walls at 2600 in bitfinex eaten so fast  |
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Look at the requirements for 32M blocks, 400GB daily, 128Gb ram.
At 32M, this excludes 95% of the current bitcoin nodes creating almost total miner centralisation.
There's this new coin called physical silver bitchez that fixes horrific bitcoin centralization, blockchain bloat, and scaling. .... Because the sheklers at Goldman Sachs told people to buy bitcoin with both hands, which means it's probably going to 12 cents None of the above statements is sane. R0ach, we all know your story. You were really 'smart' to buy silver around 50$ instead of bitcoin which was 200-300$. Now the silver is 16$ and bitcoin is 3000$. Silver hardly ever will return to 50$, while bitcoin will continue to rise. You can still cover your losses and buy bitcoins, if you are not broke of course  . |
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So what do the bits in the charts show?
Is there a BCC fork going on?
I don't know if the traders are panic selling due to this 'cash' rumors or is just the usual Sunday dip. What we know for now is that 2 exchanges - viabtc and okex will accept BCC - the new cash fork. Only Wu knows if he is going to activate HF on 1st August... for now. The situation of ethereum was absolutely different. Eth HF wasn't decided by Vitalik alone but with voting of the whole community - both owners of ETH and miners. Each miner has a vote according to his hashing power so it was a community decision. Now Wu acts alone as the bitcoin villain. Not very different are also Ver and Wright of course with their moron 'projects'. Btw, my advice for everybody is to store your coins on cold wallets until the storm passes. Then you can split the conis and dump the BCC or whatever shit is called Wu's altcoin. It is unclear which exchanges will accept BCC and make the split for their customers. |
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I think everyone should take a sigh of relief, the big blockers are going to fork off and effectively create their own altcoin. This gives the possibility of an amicable divorce. The markets can decide the outcome and the petty fighting and trolling can reduce. Plus, a successful fork to BitcoinCash means that 2x part of Segwit2x has less likelihood of being supported and causing another more damaging fork in November. NYA is still valid and there will be a HF in November. There is a possibility of 100% support so there could be no chain split. On the other hand, ABC was initially proposed as a counter strike to UASF suggested by core's developers who wanted to make it with nodes and change in POW. However, this will not happen. I am really surprised that after the lesson of the Bip 91 Wu and probably Ver still insist on their 'projects'. They clearly saw that the bitcoin economy is against any chain split and will punish any man no matter how great he think he is. Such splits are endangering the upward trend of the BTC as everyone on this planet saw this Summer. |
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1000 BTC buy wal at 2800 at Bitfiniex...
Looks like we are gonna get a nice weekend pump go go BTC $2778,- at Kraken atm Another 600+100 at 2820!!! I will bring the popcorn and watch the show!  |
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1000 BTC buy wall at 2800 at Bitfiniex... Only Kraken is sleeping...
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