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Author Topic: What's is this mention about August??  (Read 417 times)
CryptoBagHolder
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July 11, 2017, 07:21:44 PM
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Is something supposed to happen August 1st?  I've seen August mentioned numerous times on this forum and nothing is really explained about it.  Is the cryptocoin rapture coming and all the coins are going to disappear into the sky?  Some insight would be much appreciated!!
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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magnetique
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July 11, 2017, 07:31:47 PM
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It's bitcoin related, look on bitcoin discussion

for example: https://bitcointalk.org/index.php?topic=1993766.0
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July 11, 2017, 08:26:53 PM
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Why are people worried about coins being on an exchange?  They simply going to disappear? I have multiple coins such as sia, Ether, Digi, ect.  I should pull all these coins out to a paper wallet?
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July 11, 2017, 08:30:54 PM
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Why are people worried about coins being on an exchange?  They simply going to disappear? I have multiple coins such as sia, Ether, Digi, ect.  I should pull all these coins out to a paper wallet?

No, when people are worried about coins being on exchange, they mean bitcoins being on exchanges, because some exchanges might not give people the "Bitcoin Classic" tokens. Altcoins have absolutely no risk.

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hase0278
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July 11, 2017, 09:36:04 PM
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Why are people worried about coins being on an exchange?  They simply going to disappear? I have multiple coins such as sia, Ether, Digi, ect.  I should pull all these coins out to a paper wallet?
People are worried about bitcoins on exchanges because if a split were to occur at August 1, exchanges might not give others their bitcoin classic balance. They will not disappear probably but in the case of altcoins, I think it is safe to put it on exchanges because it won't be affected by bitcoin changes in August 1.

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