we are in for some turbulence.

here are two posts captured on reddit. It looks like the waters may get tricky to navigate so keep a watchful eye peeps. I actually see the price of btc going lower, much lower, within the next few weeks, but I am going to remain bullish! If that happens, I will buy, buy buy!!!!

"[–]bradfordmaster 1 point an hour ago
This is where it is useful to have a bit deeper in an understanding of how Bitcoin transactions work. I don't go into it in detail here, but there is no such thing as "bitcoins". The network is a global ledger of all transactions. When you "buy bitcoins" from an exchange, you give them money and then a transaction is created which routes some amount of BTC from someone else's wallet to your wallet. You don't "get" anything really, instead you control a wallet which the world now agrees has the ability to transact a certain amount of BTC. With an exchange, the exchange controls the wallet and gives you access (which is why it may be safer to send the coins to a wallet which only you control).
Now, with a fork, there may (although it is pretty unlikely) be two sperate chains. Any BTC "in" your paper wallet would automatically be valid on both chains, sice the transaction that puts them there exists before the split. Keep in mind that a chain is just an ordered list of transactions. Both chains will have the same transactions up until the "split" where different transactions may exist on different chains.
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[–]Domrada 1 point 53 minutes ago
In the event of a hard fork, IF both chains survive (unlikely), then you will need to split your coins into different addresses that you control. Once they are split, you can send the Corecoins to an exchange and sell them. If you don't split your coins, then you are vulnerable to replays. You do this using two wallets, one that follows the core chain, and one that follows the BU chain. 1) import the private key from your paper wallet into both wallets. 2) generate a receiving address in each wallet. The receiving addresses will be different from each other. 3) Create a transaction in each wallet to transfer all funds to the newly generated receiving address. Submit the two transactions simultaneously. 4) verify that both transactions are confirmed in the next respective blocks. If they are, you are done! your coins are split, and safe to send to an exchange. In the event that after several blocks one transaction is confirmed and the other is not, it is possible that the confirmed one was replayed. In this case, dump the private key for the receiving address on the confirmed transaction, import it into the other wallet, and go back to step 2 and try again."

the only reason the twinkle-toes wanted SEC adoption was to fill their pockets. They are heavily invested.

I bet it's through the roof, right about now. Has anyone been watching?


Bitcoin lost about 25% of it's value in the last 3 days. wow!

so if or when it splits, if BTC is, lets say at, $1000.00, will BTC go to $500, and BU at $500 or could something different happen?

But what happnes if it forks? Will we lose our current bitcoins, or how will that work out?

If it forks, will it turn into two separate crypto currencies?

OMG!! Down to $952.00 is this an adjustment?

I am not planning on keeping my coins on coinbase, however, my plan was to keep in cold storage maybe using electrum, then create a "watch only" wallet. What do you think?

Wow!! It looks like I can get into this. I like the volatility! I was just watching, and it shot down to $1000.00 briefly, before shooting back up to $1040.00

Theoretically, could I have put in an order $1000.00, then sold at $1040.00 for a $40.00 profit per btc??

I have a coinbase account, can I do this type of trading there, or is there a better place? I want to start doing this, even if it's only a few bucks you make every day or so. It's fun.

No reason, other than finding it exciting, especially seeing $100k + operations going on, and some even higher. I think I have seen over $1 million dollar transfers. Imagine if you got one number off on the send address?? Yikes. Anyhow


How can I see the live transactions?

oh crap! I hope you weren't duped into downloading a zombie version of the electrum wallet. Please list where you got the electrum wallet from.

Yes, you are right! I checked the same page a few days ago, and it was double that.


One more question, what happened to the blockchain.info site? I noticed that it has completely changed? Is there another way to see the scrolling transactions you used to be able to see live?

Is it that the miners are being overwhelmed? And does this threaten the price of Bitcoin?

Yes, he's stop using the drive to decide what the best option may be. As far as the erase method he used, he remembers setting it to 'wipe' the drive. He said he set it to the least number of passes. 

I am not sure if there is much hope, If he cannot recover these coins. Do they just remain locked in the blockchain forever?

I just asked. He used one called DBAN, and he said he overwrote over the whole hard drive, it took like 3 hours he said.

Thank-you for the reply. I will relay the information to him immediately, and if anyone else has anything to add, it would be greatly appreciated.  The management of his wallet was very poor. He understands that now, that he is facing the possible reality of being out about 3k.

A close friend has formatted his hard drive with the Ultimate Boot CD prior to installing his new operating system. In the process, among other things, he forgot to back up his wallet, and his seed was in a text file that he never copied to paper, as he should have. I gave him hell about this. The wallet was the electrum wallet, same one I use. The only thing he had written down, are his send to and receive addresses? I told him that, without the wallet seed, or him having backed up the wallet keys, there is nothing he can do, and that the BTC may be locked forever. Am I correct to say that? Can someone think of something he can do? Should he bring his computer to a forensics expert at this point? Any help would be appreciated.


Thank-You in advance.

BTC plunging down to $1134 and going lower by the minute.

to the blockchain.info site??

It used to have the scrolling transaction screens, plus all the bitcoin news. Now it's completely useless. What have they done? Is someone else hosting the old site?


thanks.