Bitcoin Hardfork - Will we own 2 lots of btc?

[qiwoman2]

I know this may sound like a lame question but if BITCOIN hardforks does that mean we will all get extra BTC from the forked coin?
For example say I have 1 BTCsitting in my wallet, will  suddenly have 2 BTC, one from each chain?

[Xester]

I know this may sound like a lame question but if BITCOIN hardforks does that mean we will all get extra BTC from the forked coin?
For example say I have 1 BTCsitting in my wallet, will  suddenly have 2 BTC, one from each chain?

The previous topic in this forum had discussed it many times about what will happen it bitcoin hardfork by bitcoin unlimited will be activated. According to what I read some members said that if you have 1 btc or xbt in your wallet you will also earn 1 xbu. So that will give you 1 xbt and 1 xbu placed on both chain. But that will no longer happen since I guess a consensus will happen very soon in favor of using segwit.

[White sugar]

There will not be a hardfork.
People that have the vision and the resources to bea significant part of the mining power know game theory and that they would both probably lose with a hardfork.

[eXpl0sive]

I know this may sound like a lame question but if BITCOIN hardforks does that mean we will all get extra BTC from the forked coin?
For example say I have 1 BTCsitting in my wallet, will  suddenly have 2 BTC, one from each chain?

Yes.

Look at ethereum hard fork. The people who had 500 ether  (ETH) before fork now also have 500 ether classic (ETC).

But this does not mean both coins have same price.

[mackenzied]

I know this may sound like a lame question but if BITCOIN hardforks does that mean we will all get extra BTC from the forked coin?
For example say I have 1 BTCsitting in my wallet, will  suddenly have 2 BTC, one from each chain?

Did not you read the news? This information was updated 1 month ago, and it has been removed. A decision has been made, the hardfork will not be happening and BU is not activated. Currently, people are looking towards segwit.

[xskl0]

Exactly, read this. https://bitcointalk.org/index.php?topic=1644893.0

[xskl0]

I know this may sound like a lame question but if BITCOIN hardforks does that mean we will all get extra BTC from the forked coin?
For example say I have 1 BTCsitting in my wallet, will  suddenly have 2 BTC, one from each chain?

Did not you read the news? This information was updated 1 month ago, and it has been removed. A decision has been made, the hardfork will not be happening and BU is not activated. Currently, people are looking towards segwit.

Segwit + 2mb HARDFORK later

[Nagadota]

Sort of, but in the case of a chain split, the money in the Bitcoin economy would be split between the two coins (each having a different price depending on how much confidence people have in it, just like Ethereum and Ethereum Classic).

Money/Bitcoin doesn't appear out of nowhere since it's still openly traded.  However, you could sell the Bitcoin from one of the chains to gain more of the one that you're more confident about.

[masterbt]

Exactly, read this. https://bitcointalk.org/index.php?topic=1644893.0

That thread is in spanish. Any english thread about this or would you summarize.

[talkbitcoin]

I know this may sound like a lame question but if BITCOIN hardforks does that mean we will all get extra BTC from the forked coin?
For example say I have 1 BTCsitting in my wallet, will  suddenly have 2 BTC, one from each chain?

no you won't because hard fork doesn't automatically mean you get two coins, hard fork simply means upgrading the code to something that is not backward compatible.

if a considerable percentage adopt both chains then that would be a "split" cause by a hard fork without everyone agreeing about. then you will have two sets of coins but don't think the value will be doubled too. most probably the total value will be far less than current value.

[DoublerHunter]

I know this may sound like a lame question but if BITCOIN hardforks does that mean we will all get extra BTC from the forked coin?
For example say I have 1 BTCsitting in my wallet, will  suddenly have 2 BTC, one from each chain?

I think the scenario will be like in ethereum hardfork, after the hardfork you will get the same amount in bitcoin unlimited also, like if you will have 3 bitcoins in an exchanger then after the hardfork you will also get 3 bitcoin unlimited which is the same scenario in ethereum and ethereum classic but let just see if the hardfork will be successful to be launched.

[xskl0]

Exactly, read this. https://bitcointalk.org/index.php?topic=1644893.0

That thread is in spanish. Any english thread about this or would you summarize.

I translated it using Google translator:  https://translate.google.es/translate?hl=ca&sl=auto&tl=en&u=https%3A%2F%2Fbitcointalk.org%2Findex.php%3Ftopic%3D1644893.0

The same thread in english here too: https://bitcointalk.org/index.php?topic=1644949

[Seville]

never buy BU.. its a scam perpetuated by greedy miners

[coolsai]

Any kind of hardfork will automatically give you coins on both chains assuming you help the original before the hardfork happened.

[posternat]

I know this may sound like a lame question but if BITCOIN hardforks does that mean we will all get extra BTC from the forked coin?
For example say I have 1 BTCsitting in my wallet, will  suddenly have 2 BTC, one from each chain?

Bitcoin hard fork will never happen. People have already rejected that. In the long run two chain of bitcoins will not be beneficial for the bitcoins and it will eventuality start the end of bitcoins. Similarly If Eth was not broken into ETC, it have been close to bitcoin by now but since it has two chains it will never be a success.

[iamTom123]

I know this may sound like a lame question but if BITCOIN hardforks does that mean we will all get extra BTC from the forked coin?
For example say I have 1 BTCsitting in my wallet, will  suddenly have 2 BTC, one from each chain?

The previous topic in this forum had discussed it many times about what will happen it bitcoin hardfork by bitcoin unlimited will be activated. According to what I read some members said that if you have 1 btc or xbt in your wallet you will also earn 1 xbu. So that will give you 1 xbt and 1 xbu placed on both chain. But that will no longer happen since I guess a consensus will happen very soon in favor of using segwit.

Yes, it is already Segwit and they have already announced the compromise so soon we can have a sigh of relief for the mounting unconfirmed transactions. The problem put Bitcoin in a very bad situation and can be a big factor to limit its growth. Though I think Segwit is not the final solution but having a solution is better than not having one.

[thejaytiesto]

I know this may sound like a lame question but if BITCOIN hardforks does that mean we will all get extra BTC from the forked coin?
For example say I have 1 BTCsitting in my wallet, will  suddenly have 2 BTC, one from each chain?

During a hard fork, if it's not with 100% of community consensus, then yes, there would be two coins, which is hard forks are dangerous if they don't have full consensus.

The UASF soft fork is temporary, sooner or later it will resolve and there will be only one chain.

[Ayers]

I know this may sound like a lame question but if BITCOIN hardforks does that mean we will all get extra BTC from the forked coin?
For example say I have 1 BTCsitting in my wallet, will  suddenly have 2 BTC, one from each chain?

yes but the value will be different because BU will be seen as an altcoin from exchange and will have its own market, therefore it's not like really own 2 btc, one is the real fork the other just an altcoin called bitcoin like many other we have already

[Mbokani]

I know this may sound like a lame question but if BITCOIN hardforks does that mean we will all get extra BTC from the forked coin?
For example say I have 1 BTCsitting in my wallet, will  suddenly have 2 BTC, one from each chain?

Bitcoin hard fork will never happen. People have already rejected that. In the long run two chain of bitcoins will not be beneficial for the bitcoins and it will eventuality start the end of bitcoins. Similarly If Eth was not broken into ETC, it have been close to bitcoin by now but since it has two chains it will never be a success.

Do you really think that the hard fork and split is holding the coin back,ETH could have died long back and the admins did their part to hold the coin from dying off and after the split nothing major has happened and now there are more tokens that use their platform and so is the reason the price has risen for now and you think the split has halted its growth is just foolishness.

[aesma]

You will hold two coins but will you be able to use them ? If there is a consensus, then one coin will be worth nothing as you won't be able to spend it.