Just curious and not that geeky

If I created a paper wallet and transfers all my BTC to its public address, after the fork sometime I will need to import the paper wallet by scanning the private key.

So, what’s the difference between this procedure and simply keeping the BTC in a mobile wallet that has the private keys stored on the mobile?

Is there any difference?

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.

Happy dreams...

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?

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?

@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

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.

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.

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

So, just should not send or receive till things settle down?

Still hoping BTC developers can settle this.

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?

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

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.

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.

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”

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.

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...

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!?

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.