Bitcoin Forum
May 14, 2024, 01:06:14 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin classic  (Read 544 times)
Myrnyi (OP)
Newbie
*
Offline Offline

Activity: 18
Merit: 0


View Profile
January 20, 2016, 07:03:11 AM
Last edit: January 20, 2016, 07:15:08 AM by Myrnyi
 #1

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?
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715691974
Hero Member
*
Offline Offline

Posts: 1715691974

View Profile Personal Message (Offline)

Ignore
1715691974
Reply with quote  #2

1715691974
Report to moderator
1715691974
Hero Member
*
Offline Offline

Posts: 1715691974

View Profile Personal Message (Offline)

Ignore
1715691974
Reply with quote  #2

1715691974
Report to moderator
torusJKL
Hero Member
*****
Offline Offline

Activity: 619
Merit: 500


View Profile
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 Bitcoin: 167XM1Za8aG9CdbYuHFMpL2kvPsw6uC8da
Bitrated || bitcoin-otc || Moon Bitcoin Faucet
Myrnyi (OP)
Newbie
*
Offline Offline

Activity: 18
Merit: 0


View Profile
January 20, 2016, 07:54:09 AM
 #3

Thank you  Smiley
Myrnyi (OP)
Newbie
*
Offline Offline

Activity: 18
Merit: 0


View Profile
January 20, 2016, 08:15:39 AM
 #4

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
torusJKL
Hero Member
*****
Offline Offline

Activity: 619
Merit: 500


View Profile
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.

If you find my post useful send some Bitcoin: 167XM1Za8aG9CdbYuHFMpL2kvPsw6uC8da
Bitrated || bitcoin-otc || Moon Bitcoin Faucet
Myrnyi (OP)
Newbie
*
Offline Offline

Activity: 18
Merit: 0


View Profile
January 20, 2016, 09:31:31 AM
 #6

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!
torusJKL
Hero Member
*****
Offline Offline

Activity: 619
Merit: 500


View Profile
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

If you find my post useful send some Bitcoin: 167XM1Za8aG9CdbYuHFMpL2kvPsw6uC8da
Bitrated || bitcoin-otc || Moon Bitcoin Faucet
Myrnyi (OP)
Newbie
*
Offline Offline

Activity: 18
Merit: 0


View Profile
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?
torusJKL
Hero Member
*****
Offline Offline

Activity: 619
Merit: 500


View Profile
January 20, 2016, 11:34:12 AM
 #9

Am I right?

Yes.

If you find my post useful send some Bitcoin: 167XM1Za8aG9CdbYuHFMpL2kvPsw6uC8da
Bitrated || bitcoin-otc || Moon Bitcoin Faucet
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!