Aug 1 summary

[keithers]

Thank you for this guide, super helpful.   I am going to follow this thread.  Just as an fyi for people, Trezor.io has some different instructions for their wallet, but it has been temporarily suspended. 

You can find their instructions by just going to trezor.io and then reading the latest entry in their blog.

I'm hoping blockchain.info ends up deciding to hop on board for bitcoin cash as well.  I was hoping for no fork at all, but since it's past that point...I am hoping that all my wallets support bitcoin cash. 

I left a little on coinbase, but whatever...I moved the majority of what was on there too

[1714093226]

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[1714093226]

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[RoomBot]

BCH recovery tool is live for btc.com

https://bcc-recovery.btc.com/

Can i open new wallet in BTC.com to get BCH? but now my BTC in electrum

No.  That's for existing accounts with BTC in them.

Yes, you can open a BCH wallet there, and buy or deposit BCH.  

[stupid_seb]

- I don't recommend putting much BTC on hosted wallets / exchanges generally. Exactly how the above risks would be translated to these services will vary depending on how each service handles deposits, reorgs, and double-spends.

Actually, I believe that for newbies (like me), keeping the BTC on a serious exchange (bittrex, poloniex) is a smart move. Let them do that heavy lifting and just wait that the situation becomes clearer.

[slimsteam.vip]

Hello I followed this exactly and I did even see 20 BCC in my wallet but was showing a unconfirmed parent warning I closed the wallet and opened it again and the BCC coins disappeared, what can I do, import the keys? or have I been scammed by the software where can I see where the coins were sent too?

Or is there someone sort of delay?

[cucumi]

Can i send from Blockchain to Electrum?

[Duomo]

Quick question about splitting Bitcoin Cash from Bitcoin with Electrum Cash.

Is it advisable not to install Electrum Cash after Electrum 2.9.0 has already been installed? In this instance, can I not just create a new wallet in Electrum, move my funds from the wallet that has been forked to the new one, than use my private keys from my empty post-fork Electrum wallet in Electrum Cash?

Is Electrum and all it's wallets compromised since Electrum Cash has been installed? Will I lose my access or something happen to my Bitcoin in my new Electrum wallet with new seed/new private key if I use my post hard-forked private key in Electrum Cash on a machine installed with both Electrum and Electrum Cash...?

[philipma1957]

Executive summary

Bitcoin is working fine and you can use it as you were before, possibly with slightly more reorg risk for a while.

The BIP91/BIP148 split didn't occur

As had been expected for the last week or so, the big potential split which caused all of the Aug 1 hubbub didn't happen, due to BIP91/BIP148 succeeding. There's a small chance that this split could still happen sometime between now and around Aug 10, but it looks very unlikely at this point.

Bcash split, creating an altcoin

If you had some number of BTC as of approximately 14:00 UTC, and if these bitcoins were secured by private keys controlled by you or in a Bcash-supporting online wallet, it is now possible for you to claim the same number of Bcash coins (BCH/BCC). Bcash is an altcoin based on Bitcoin; since it split, it is now 100% independent from Bitcoin other than the carried-over balances.

Bcash claims to have replay protection, but this is only a Bcash miner policy. Any Bcash miner could still replay transactions. Therefore, you can't safely rely on it.

Instructions for safely splitting your BCH from your BTC

Here are general split instructions. If your wallet software gives different instructions, use those instead.

These are the best instructions I could come up with quickly. Maybe someone will eventually come up with a more convenient way of doing it. Note that while I believe these instructions to be safe and reasonable, you are solely responsible for your safety here.

 1. Decide whether you want to bother splitting your coins at all. Is it actually worthwhile to remove your coins from cold storage (or whatever)? If you take no particular action and continue using Bitcoin as normal, then your BCH is likely (but not guaranteed) to remain associated with the current private keys due to BCH's pseudo-replay-protection; you could therefore maybe claim your BCH later on if you want. If you want to claim your BCH now, continue to the next steps.
 2. Create a totally new logical wallet with a new mnemonic, etc. Just creating new addresses is not sufficient: the new wallet needs to be completely separate from the old one. The new wallet's private keys should be under your personal control just in case your transaction is replayed or something else goes wrong. Make sure you have backups of the new wallet.
 3. Send all of the BTC in your old wallet to your new wallet, and wait until this transaction has 30 confirmations. (If you are really itching to get your BCH, it would not be totally crazy to wait for as few as 3 confirmations, but there is some risk with that.) Note that sending all of your BTC in a single transaction is likely to be harmful to your privacy; if you care about this, you might want to send it in several smaller transactions to several different addresses on the new wallet.






4. On a separate computer that you wouldn't too much mind being compromised, install a BCash wallet such as one of the ones listed on bitcoincash.org. (Warning: some Bcash wallets are known to overwrite important files belonging to their Bitcoin counterparts.) Or use a Web-based exchange/wallet supporting Bcash. Import the private keys from your old, now-empty Bitcoin wallet into this Bcash wallet. Now you have BCH which you can handle as you wish. Note that BCH transactions may be very slow to confirm for a couple of days.






Continuing risks

Although I am giving a general "all clear" at this point because the risk of serious issues has dropped substantially, some turbulence is still possible due to BIP91/BIP148 and the rollout of SegWit:

 - If you are using a full-node wallet (eg. Bitcoin Core), you should require 30 confirmations for high-value, untrusted incoming transactions until SegWit locks in around Aug 10. Although seemingly quite unlikely at this point, it is possible that miners could fail to enforce BIP91/BIP148, which could cause very long reorgs (ie. confirmations could disappear, allowing double-spending). This seems unlikely enough that I probably wouldn't require extra confirmations for "normal" transactions, but if you absolutely cannot tolerate any particular transaction being reversed, then waiting for 30 confirmations would be most prudent.
 - If you are using a lightweight wallet, you should require 30 confirmations for all untrusted incoming transactions until SegWit locks in around Aug 10, and again for a couple of weeks after SegWit finally activates around Aug 24. Long reorgs or even persistent splits are possible if miners fail to properly enforce the rules of BIP91, BIP148, or SegWit, and lightweight wallets are particularly poor at handling such things because they will blindly accept invalid, probably-soon-to-be-orphaned blocks.
 - I don't recommend putting much BTC on hosted wallets / exchanges generally. Exactly how the above risks would be translated to these services will vary depending on how each service handles deposits, reorgs, and double-spends.

Okay so I go to  bitcoincash.org  and i started to download bitcoin classic  it seems to me i have picked the wrong one to down load as it has gone back 8 years and is doing the whole btc blockchain

so here is the list  which do I pick

[cyberpitstop]

Seems like everything went pretty smooth. This all reminded me of Y2K and all the bull shit leading up to it.
Seems like the same thing going on with BTC/BCC/ or BCH or whatever they can think of to call it.
A neighbor of ours bought 100 BTC just because of the split I really thought he was nuts but it's looking better for him by the minute.
Only time will tell, I guess the real question is everything fixed or only duct taped up for a few months.

[philipma1957]

Seems like everything went pretty smooth. This all reminded me of Y2K and all the bull shit leading up to it.
Seems like the same thing going on with BTC/BCC/ or BCH or whatever they can think of to call it.
A neighbor of ours bought 100 BTC just because of the split I really thought he was nuts but it's looking better for him by the minute.
Only time will tell, I guess the real question is everything fixed or only duct taped up for a few months.

well bcc is at .166 on bittrix   so that is 16.6 x 2700 = 40,000 dollars


as for my question I have the right one I have 1.3.2 version of BCC  which should work.

[cyberpitstop]

Seems like everything went pretty smooth. This all reminded me of Y2K and all the bull shit leading up to it.
Seems like the same thing going on with BTC/BCC/ or BCH or whatever they can think of to call it.
A neighbor of ours bought 100 BTC just because of the split I really thought he was nuts but it's looking better for him by the minute.
Only time will tell, I guess the real question is everything fixed or only duct taped up for a few months.

well bcc is at .166 on bittrix   so that is 16.6 x 2700 = 40,000 dollars


as for my question I have the right one I have 1.3.2 version of BCC  which should work.

It's less then $400 but looking like it's moving up up up!

[philipma1957]

Seems like everything went pretty smooth. This all reminded me of Y2K and all the bull shit leading up to it.
Seems like the same thing going on with BTC/BCC/ or BCH or whatever they can think of to call it.
A neighbor of ours bought 100 BTC just because of the split I really thought he was nuts but it's looking better for him by the minute.
Only time will tell, I guess the real question is everything fixed or only duct taped up for a few months.

well bcc is at .166 on bittrix   so that is 16.6 x 2700 = 40,000 dollars


as for my question I have the right one I have 1.3.2 version of BCC  which should work.

It's less then $400 but looking like it's moving up up up!

yeah it went to .196  then dropped to .180

my core had 8 coins  so 8 x 400 = 3200 usd not bad.

I think I am going to keep core offline  for now and hold a bit.

bcc = 400-500
btc = 2700-2800

I will hlod a bit to see how it shakes out.

[BayAreaCoins]

These are the best instructions I could come up with quickly. Maybe someone will eventually come up with a more convenient way of doing it. Note that while I believe these instructions to be safe and reasonable, you are solely responsible for your safety here.

We are currently building a Bitcoin Cash option at FreeBitcoins.com.

There is already a similar feature on our site for something called Clamcoin.

[Sithara007]

Can anyone please explain the steps to recover BCH from Blockchain.info wallets? I have the private key (in text format) and the 12 word backup phrase with me, but don't know how to use them.

[JayJuanGee]

July 2017 Was a bad month for some of us. Lost 50% of my total net worth. But learned a lot from the trauma. I am glad everything is back to normal.

Are you trolling?

If we are talking about bitcoin, then you need to explain how a loss of 50% could have happened because we entered July $2400/$2500 and exited bouncing between $2700 and $2900..  yeah there was a dip to $1830, but in the overall assessment, July was up for bitcoin holders, no?  So, whatever you did seems particular to you, rather than any general bitcoin topic or even one that is related to this forking matter, no? 

Oh, and regarding the forking matter, even though OP acknowledges that this fork seems to be transitioning fairly smoothly, it is way too early to see how some of these pricing matters are going to play out - and surely by the end of August, we will have some decent ideas - even though it appears that there are quite a few balls in the air for August...

[BayAreaCoins]

Can anyone please explain the steps to recover BCH from Blockchain.info wallets? I have the private key (in text format) and the 12 word backup phrase with me, but don't know how to use them.

You will need to export the addresses.

[ehrz22]

Worth reading. Thank you for the very informative post.

[JayJuanGee]

If so it would be better to make BCH claim after 10 August.

That's not necessary in any technical sense AFAICT. I can't predict prices, though.

Which one you prefer suggestion better, Install a BCash wallet on computer or use a Web-based wallet / wallet exchanges?

If you actually want to hold BCH for any length of time, I'd use a software wallet in which you control the private keys.

I am waiting for the arrival of my ledger nano s.  I though that they had in a built in coin splitter, so my plan was just to re-seed the ledger nano s  from my blockchain.info wallet.  that would accomplish the same thing for all addresses in the blockchain wallet and then creates two wallets on the ledger nano s, no?

[MoneyJ]

It is really a sigh of relief for all of crypto enthusiasts . So after this smoke is cleared every project is now going towards the next phase and ready to embrace further the blockchain culture.

[steampunkz]

Thanks for giving us this good instructions and support about the New altcoin BCH sir admin.

[asmodyus]

Sorry for the question but how do you run a new wallet (using bitcoin core) and old wallet at the same time I tried to install another wallet but still uses the same transactions?