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tekmobile
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August 03, 2017, 11:16:58 PM |
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Tecmobile/ECB - thanks for the quick replies, I guess this means if I have unspent output X on main BTC branch, and I create transaction Y (BCC) using output x and also another transaction Z (BTC) using also unspent X, that I have effectively spent output x on both branches?
If you use something like the blockchain wallet you will send BTC but if you used electron cash for example you will send BCH If you had 1 BTC before the fork and use electron cash to send 0.5 you will now have 1BTC and 0.5 BCH If you had 1 BTC before the fork and use blockchain wallet to send 0.5 you will have 0.5BTC and 1BCH Can someone not create 2 separate transactions, one from electron cash and one from blockchain wallet, that use the same unspent output (UXO),therefore kind of double spending the unspent output. Seems to me this is perfectly possible, and that both the BCC network and the BTC network will consider the transaction as valid. The 2 chains cannot see what happens on the other after the fork meaning everything is separate but before then yes they are spending the same unspent outputs thats where the 2 coins come from |
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Rastadon
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August 03, 2017, 11:18:26 PM |
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I've heard a rumour the bitcoin cash needed 10 confirmation, and does the confirmation can come up to second confirmation in a day?
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tekmobile
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August 03, 2017, 11:20:37 PM |
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I've heard a rumour the bitcoin cash needed 10 confirmation, and does the confirmation can come up to second confirmation in a day?
Bittrex need 20 confirmations HitBTC need 1 its up to who is receiving |
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mirny
Legendary
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Activity: 1108
Merit: 1005
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August 03, 2017, 11:24:26 PM |
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I've heard a rumour the bitcoin cash needed 10 confirmation, and does the confirmation can come up to second confirmation in a day?
Bittrex need 20 confirmations HitBTC need 1 its up to who is receiving No, you are a bit confused, on hitbtc you need 2 confirmations. It's stated on their main page too. |
This is my signature...
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tekmobile
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August 03, 2017, 11:26:32 PM |
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I've heard a rumour the bitcoin cash needed 10 confirmation, and does the confirmation can come up to second confirmation in a day?
Bittrex need 20 confirmations HitBTC need 1 its up to who is receiving No, you are a bit confused, on hitbtc you need 2 confirmations. It's stated on their main page too. Whoops lol wrong key |
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bassride2
Newbie
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Activity: 13
Merit: 0
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August 03, 2017, 11:27:08 PM |
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@tecmobile - thanks
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dashingriddler
Legendary
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Activity: 1258
Merit: 1001
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August 03, 2017, 11:35:56 PM |
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Tecmobile/ECB - thanks for the quick replies, I guess this means if I have unspent output X on main BTC branch, and I create transaction Y (BCC) using output x and also another transaction Z (BTC) using also unspent X, that I have effectively spent output x on both branches?
If you use something like the blockchain wallet you will send BTC but if you used electron cash for example you will send BCH If you had 1 BTC before the fork and use electron cash to send 0.5 you will now have 1BTC and 0.5 BCH If you had 1 BTC before the fork and use blockchain wallet to send 0.5 you will have 0.5BTC and 1BCH I would think if more people knew about this then they would of been using electron cash wallet to do all of their sends before the fork happened. I didn't know about the multiple of 2 on your btc you sent using the wallet and I am positive most were not aware of this would occur after the fork completed. |
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TOYJJWGS
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August 03, 2017, 11:38:15 PM |
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The emergence of competitive currency will not bring a crisis to the BTC, I think it will further touch the development of the chain chain world, I hope BCC better and better！
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tekmobile
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August 03, 2017, 11:42:48 PM |
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I would think if more people knew about this then they would of been using electron cash wallet to do all of their sends before the fork happened.
I didn't know about the multiple of 2 on your btc you sent using the wallet and I am positive most were not aware of this would occur after the fork completed.
You cannot send BCH before the fork |
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digiworld1
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August 03, 2017, 11:45:32 PM |
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The emergence of competitive currency will not bring a crisis to the BTC, I think it will further touch the development of the chain chain world, I hope BCC better and better！
The price of BTC is not influence much either at the time of the fork, staying around $2700! |
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Slava_K
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August 03, 2017, 11:46:00 PM |
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Network moves slowly, but moves! Coin is not dead. When difficulty adjusting normalize block movement - then BCH must explode!
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tekmobile
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August 03, 2017, 11:49:00 PM |
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Network moves slowly, but mooves! Coin is not dead. When difficulty adjusting normalize block movement - then BCH must explode!
There are still 1000s of people waiting for enough confirmations to dump then yes it will explode like a bomb destroying all value |
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bones261
Legendary
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Activity: 1806
Merit: 1827
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August 03, 2017, 11:50:34 PM |
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Oops, I should have checked that Bittrex requires 20 confirmation before sending. Guess I'll hurry up and wait. I was so excited that the Trezor claiming was back up that I just picked the first exchange on my Password Manager that would accept deposits. My bad. Come on WU, point all of your spare hash at this coin. It's your spawn, after all. 
There are still 1000s of people waiting for enough confirmations to dump then yes it will explode like a bomb destroying all value
Hope my 1.8 BCH is still worth more than 50000 BTC sats order minimum when my confirmations clear at Bittrex, otherwise, I guess that I'll HODL. |
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tekmobile
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August 03, 2017, 11:52:51 PM |
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Oops, I should have checked that Bittrex requires 20 confirmation before sending. Guess I'll hurry up and wait. I was so excited that the Trezor claiming was back up that I just picked the first exchange on my Password Manager that would accept deposits. My bad. Come on WU, point all of your spare hash at this coin. It's your spawn, after all. Yea theres a reason HitBTC is cheap only need 2 confirmations so quick dump there will be loads that should be confirmed soon then price will probably be real cheap |
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bones261
Legendary
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Activity: 1806
Merit: 1827
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August 03, 2017, 11:56:37 PM |
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Oops, I should have checked that Bittrex requires 20 confirmation before sending. Guess I'll hurry up and wait. I was so excited that the Trezor claiming was back up that I just picked the first exchange on my Password Manager that would accept deposits. My bad. Come on WU, point all of your spare hash at this coin. It's your spawn, after all. Yea theres a reason HitBTC is cheap only need 2 confirmations so quick dump there will be loads that should be confirmed soon then price will probably be real cheap I already have 1 confirmation, so I can't reverse the transaction. Unfortunately, I don't have a huge farm of ASICS that would be required to do a double spend. (Even if I did, I'm not sure I could still pull it off. Is there a step by step guide on how to do a 51% attack?  ) |
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tekmobile
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August 04, 2017, 12:00:08 AM |
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I already have 1 confirmation, so I can't reverse the transaction. Unfortunately, I don't have a huge farm of ASICS that would be required to do a double spend. (Even if I did, I'm not sure I could still pull it off. Is there a step by step guide on how to do a 51% attack? ) You could probably do it on a intel pentium 4 the hashing power is that low |
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Elpeor00
Full Member
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Activity: 346
Merit: 144
THE WORST EVER
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August 04, 2017, 12:07:48 AM |
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wry
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August 04, 2017, 12:11:37 AM |
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Network moves slowly, but mooves! Coin is not dead. When difficulty adjusting normalize block movement - then BCH must explode!
There are still 1000s of people waiting for enough confirmations to dump then yes it will explode like a bomb destroying all value I thought the coin would drop quickly too and still plan to sell some, but it's been kind of nice not having to worry about if the fee I used was big enough and knowing that my TX would be in the next block. Obviously, there was a huge gap in blocks today, and not sure I like more centralization, but this does not feel like a total shitcoin to me. I fully expect price to drop rapidly on Bittrex once the tidal wave of coins heading there get their 20 confirmations, but if in a few months BTC has issues, maybe some places will start accepting Bitcoincash as well. |
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digiworld1
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August 04, 2017, 12:14:04 AM |
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Bitcoin Cash, Bitcoin fork, being trading at around $500, yet no major business/merchants accepting it yet! Unbelievable!
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bones261
Legendary
Offline
Activity: 1806
Merit: 1827
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August 04, 2017, 12:16:08 AM |
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I already have 1 confirmation, so I can't reverse the transaction. Unfortunately, I don't have a huge farm of ASICS that would be required to do a double spend. (Even if I did, I'm not sure I could still pull it off. Is there a step by step guide on how to do a 51% attack? ) You could probably do it on a intel pentium 4 the hashing power is that low Wow, I could really do a good job with my I5-3450 and AMD 7570.  |
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