Show Posts
You could argue that if the terms state that you get XBTC for your participation, that shouldn't include the forked coin. I get that. I'm curious as to what the consensus is about this; what Lauda thinks; what other members think; and if it was mentioned in the terms of this thing. I don't think it's way off-topic.
It wouldn't have made sense to claim the BCH at the time of the fork as it would have been a potential security risk to manipulate the private keys holding 1000+ BTC.
It wouldn't make sense for the escrow to keep (or ignore) the BCH after the refunds are issued and the escrow wallet is no longer used. The risk is no longer there and there is a substantial value in BCH and it certainly doesn't belong to the escrow. The escrow could charge a substantial fee for the trouble (and to avoid having to deal with dust forks) but the coins should be distributed.
@suchmoon
Here's the official announcement from nvo about the bch fork:
Makes no difference if you trust it or not.Just split the coins off the bitcoin address and dump the shitcoin and raise more money.The coins exist on the bitcoin address holding bitcoin at the time of the fork.
Official announcement about BCH/BCC:
Yanni Bragui/Marto in slack
"Hi guys, I wanted to clear the state of the BCH from the crowdsale.
The BCH/BCC (result of chain split) belongs to the project. The team won't benefit from these funds, they are not considered as an exceptional "extra".
These coins will be converted to Bitcoin as soon as it is possible, the escrows will handle the process and add the funds to the escrow address.
These coins are considered as exceptional extra funds for the project."
How these funds would benefit the "project" but not the team is unclear.
In any event, Lauda did claim BCH.
Look here https://bitinfocharts.com/bitcoin%20cash/address/3AiGej11G8jUXvEBPvQKPLiHXC7ruUCp1Z
3AiGej11G8jUXvEBPvQKPLiHXC7ruUCp1Z was the btc escrow address (which held 1497.22 btc) at the time of the bch fork which occurred on 2017-08-01 12:20 p.m. UTC.
On Aug 7/17, 1497.22 bch were sent from …p1Z to 1AWiFCKWxWHHvvLdvjGHXG3ViiDs8RE5x7 and then on to 1GkXv39S13k9yyDLtyXR8MsaYWKzRB1JLe, an exchange address that held 43K bch on that day.
This sale would have netted about 112 btc.
Then, if you look here https://bitinfocharts.com/bitcoin/address/354jirex7gkFxMiNmN45SxyMxSUsdGcrsf you will see that later the same day, 93.999 btc arrived on the btc escrow address.
This suggests that Lauda pocketed about 18 btc or usd $60,000 at the time (usd $120k today). Not bad for 30 minutes of work.
