Bitcoin Forum
November 19, 2024, 08:30:27 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2017-06-11] LocalBitcoins Will Support BIP148 Coin Withdrawals if the Chain ...  (Read 2393 times)
sheld0n (OP)
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250



View Profile
June 11, 2017, 04:29:33 PM
 #1

It appears there is another major development regarding BIP148. LocalBitcoins, the largest peer-to-peer Bitcoin exchange platform, has confirmed they will support BIP148 withdrawals. To be more precise, they will do so if that blockchain remains. This means LocalBitcoins could end up supporting two different iterations of Bitcoin in the end. An intriguing development, to say the least.
http://www.newsbtc.com/2017/06/10/localbitcoins-will-support-bip148-coin-withdrawals-chain-remains-active/
boldar
Full Member
***
Offline Offline

Activity: 139
Merit: 100



View Profile
June 11, 2017, 04:34:42 PM
 #2

Interesting read!
1Referee
Legendary
*
Offline Offline

Activity: 2170
Merit: 1427


View Profile
June 11, 2017, 09:02:41 PM
 #3

It's quite a surprising read for once. I like how LocalBitcoins remains fair by offering people the option to withdraw both the real Bitcoin, and the altcoin in case a chain split becomes reality. I am quite sure that not every exchange will follow LocalBitcoins in this regard. It's easy for an exchange to say that they will not support the altcoin, while in reality they just keep all the altcoins themselves - it's pure theft.

Other than that, this site is pretty annoying as an ad pops up each time you click somewhere. Lips sealed
richardsNY
Legendary
*
Offline Offline

Activity: 1232
Merit: 1091


View Profile
June 11, 2017, 10:27:45 PM
 #4

Every exchange MUST offer people the ability to claim their second-chain-coins in one way or another. I see it as a normal thing, and not as a charitable gesture from exchanges and other similar services. Because if that's not the case, it will be theft as 1Referee stated. People must act wisely and withdraw all their coins, just in case. It will sting big time if you have a decent number of coins sitting in your exchange account, and you'll not be granted a withdrawal opportunity....
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!