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I keep seeing little tidbits across the forum that hint at some kind of 2 for 1 phenomenon if my coins are stored in a wallet for which I have the private key. What I want to know is whether or not this rumor is true and if it is… Can anybody explain the technical details of how such a thing can happen? Wouldn't this mean bad things for the values? Thank you for taking some time to share your knowledge. 🦋✨🦋✨🦋
Essentially, if you control the private keys of wallets where you have your bitcoins, you can get an equivalent amount of bitcoin cash after the fork on August 1. It is ridiculous to consider at as a 2 for 1 phenomenon.