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Myrnyi
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January 20, 2016, 07:03:11 AM
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Which fork will my coins belong to (that are in my Electrum wallet), If Bitcoin classic get 75% support and Bitcoin is forked to Bitcoin and Bitcoin Classic? Will they become Bitcoin Classic coins or stay the same Bitcoin coins?

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torusJKL
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January 20, 2016, 07:51:59 AM
 #2

Welcome to the forum.

Please check the What would happen to electrum if a hardfork occurs? thread.

If you find my post useful send some BTC: 167XM1Za8aG9CdbYuHFMpL2kvPsw6uC8da
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January 20, 2016, 07:54:09 AM
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Thank you  Smiley

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January 20, 2016, 08:15:39 AM
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So If Bitcoin Classic comes to reality, Its cost may be not the same as Bitcoin's. And I will be able to choose which fork (server) to use, for example, for selling my coins with the best profit, won't I?  Grin

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January 20, 2016, 08:47:13 AM
 #5

Actually it could be that your bitcoins would exist twice.
(And you could spend/sell them on both chains)

The market will regulate both prices in parallel.
At some point I assume one of the prices will decrease in respect of the other and thus forces all users to a single fork or loose allot of money.

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January 20, 2016, 09:31:31 AM
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What do you mean, saying:  you could spend/sell them on both chains?

 I think I will be able to do it without any doubts, otherwise it will mean that servers (that will decide to use Bitcoin Classic, for example) will not support my Electrum wallet and they will show me that I have 0 coins, and only servers (which use old Bitcoin, for example) will allow me to have and spend my money!

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January 20, 2016, 09:45:39 AM
 #7

All the bitcoins that you owned before the fork will be valid in both blockchains.
Neither of the forks would reset your wallet funds to 0.

If you now spend said coins on the blockchain that is accepted by client A but not B then client B would not see them as spent and would let you spend them again on the blockchain it sees as the valid one.

If none of the Electrum servers support the blockchain you want to use than you have 2 choices
1. migrate to another client that supports your blockchain
2. run your own (private) Electrum server

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Myrnyi
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January 20, 2016, 10:07:21 AM
 #8

It doesn't matter to me what fork to use. I am not a supporter of any. I only don't want to lose my coins in this fork chaos. That's all. And if I understand well - all I need to do is to not worry, simply keep my coins in Electrum wallet and everything will be fine with them despite Bitcoin forking. Am I right?

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January 20, 2016, 11:34:12 AM
 #9

Am I right?

Yes.

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