Aug 1 summary

[Undermood]

Very informative post. Thank you .
And also i need to say that I love free coins Dumped all of them thanks BCC

[StevenRA]

Very informative post. Thank you .
And also i need to say that I love free coins Dumped all of them thanks BCC

So that actually worked? You wound up with Bitcoin cash and flipped them already? That's amazing.

[Amph]

why 30 confirmations and not the usual six?

[jubalix]

"then your BCH is likely (but not guaranteed) to remain associated with the current private keys due to BCH's pseudo-replay-protection;"

can you elaborate on this....under what conditions could your BCH not be still associated?

Surely that would send the value to near zero....?

[BingoDog]

It's good that someone has cleared up the whole situation in such informative and professional manner, thank you for that. And it' good to know what are the further possible consequences during the August because I actualy wasn't aware of those. But I'm glad that everything will be going back to normal so we can fully dedicate ourselves to bitcoin.

[Aur3]

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.

Noted.

[Chandu141]

"then your BCH is likely (but not guaranteed) to remain associated with the current private keys due to BCH's pseudo-replay-protection;"

can you elaborate on this....under what conditions could your BCH not be still associated?

Surely that would send the value to near zero....?

same question ..

i am not interested to claim BCH at the moment because i don't wish to take risks for claiming pennies.

[Lauda]

It opened at $550.00

It's currently worth $286.43

https://coinmarketcap.com/currencies/bitcoin-cash/

It's worth a lot now, but might fade away.

The only reason for which it has any value is that it is not reasonably safe (if possible at all) to move BCH to an exchange and dump it.

"then your BCH is likely (but not guaranteed) to remain associated with the current private keys due to BCH's pseudo-replay-protection;"

can you elaborate on this....under what conditions could your BCH not be still associated?

If the replay protection isn't adequate, someone could simply rebroadcast your BCH transaction to the BTC network and your BTC would also be sent away. Additionally, I am unable to find an adequately tested wallet that I'd be okay enough to transact with.

[Marina17]

I have got from Bittrex the equal Bitcoin Cash & its very nice! 

[Amph]

"then your BCH is likely (but not guaranteed) to remain associated with the current private keys due to BCH's pseudo-replay-protection;"

can you elaborate on this....under what conditions could your BCH not be still associated?

Surely that would send the value to near zero....?

same question ..

i am not interested to claim BCH at the moment because i don't wish to take risks for claiming pennies.

pennies? if you have 100 btc, you can claim 100 bcc which are 16 btc for free at the moment, not really peanuts...

[jubalix]

It opened at $550.00

It's currently worth $286.43

https://coinmarketcap.com/currencies/bitcoin-cash/

It's worth a lot now, but might fade away.

The only reason for which it has any value is that it is not reasonably safe (if possible at all) to move BCH to an exchange and dump it.

"then your BCH is likely (but not guaranteed) to remain associated with the current private keys due to BCH's pseudo-replay-protection;"

can you elaborate on this....under what conditions could your BCH not be still associated?

If the replay protection isn't adequate, someone could simply rebroadcast your BCH transaction to the BTC network and your BTC would also be sent away. Additionally, I am unable to find an adequately tested wallet that I'd be okay enough to transact with.

Wait wait wait let me get this straight......you mean replay protection on the BTC network?

what should this have to do with BCH/BCC network.....

I though at this point he blocks were different......

but I see what you mean......but its sold as psuedo replay protection is implemented on the BCH network........

what are the logistical hurdles to a replay attack in your view?

can this ever be safe.

can you explicitly elaborate?

presumably if I have already sent by BTC to new addresses on the BTC network then this would not work,

but that seems not to be what to be said here ""then your BCH is likely (but not guaranteed) to remain associated with the current private keys due to BCH's pseudo-replay-protection;"

what if:::

I move my BTC to a new BTC addresses

then move my BCC to new BCC addresses

then it should be immune to replay as there would be nothing to move in a replay attack?

[JayJuanGee]

"then your BCH is likely (but not guaranteed) to remain associated with the current private keys due to BCH's pseudo-replay-protection;"

can you elaborate on this....under what conditions could your BCH not be still associated?

Surely that would send the value to near zero....?

same question ..

i am not interested to claim BCH at the moment because i don't wish to take risks for claiming pennies.

pennies? if you have 100 btc, you can claim 100 bcc which are 16 btc for free at the moment, not really peanuts...

How you going to do it?  Sounds pretty speculative to me, if there is not really any practical and realistic ability to accomplish such supposed 16% return.  So in that sense, 16% doesn't count as 16% if there is only a 1% chance of being able to carry it out.

[Hurricane_Crypto]

I'm holding BTC in Mycelium Wallet. Where should I claim my BCH/BCC?

Thank You.

[fracas]

I had some BTCs @GateHub. Is it possible to claim BCH now? How?

[RoomBot]

It opened at $550.00

It's currently worth $286.43

https://coinmarketcap.com/currencies/bitcoin-cash/

It's worth a lot now, but might fade away.

The only reason for which it has any value is that it is not reasonably safe (if possible at all) to move BCH to an exchange and dump it.

"then your BCH is likely (but not guaranteed) to remain associated with the current private keys due to BCH's pseudo-replay-protection;"

can you elaborate on this....under what conditions could your BCH not be still associated?

If the replay protection isn't adequate, someone could simply rebroadcast your BCH transaction to the BTC network and your BTC would also be sent away. Additionally, I am unable to find an adequately tested wallet that I'd be okay enough to transact with.

I actually agree with you, hence my comment about not "throwing away the BTC with the bath water."

Your technical points are quite excellent, thank you.

I should have said "it's currently 'worth'...." Although some here claim to have dumped already.

I hope their BTC private keys are safe.

just sayin.

[CONANEDO]

Can you suggest me what BCC wallet should i use?currently i don't trust any of the BCC wallet and i will wait until i hear other people's have success to claim their BCC.

[kissmarx]

Thank you for the information you shared with us all.
I never thought I would be given the same amount of BCH from my BTC holdings.
I'm happy that I gained BCH from this rare event.
Now I will have to wait and see how it goes if I should sell or keep my BCH because right now it is Top 3 in bitcoinmarketcap behind ETH.
But the price of BCH is better as it is almost double of ETH.

[Cryptomadcap.com]

I have private key , and want to get BCH coin .
Please suggest me best option because i have only a mobile only .

[maxFreeman]

I have private key , and want to get BCH coin .
Please suggest me best option because i have only a mobile only .

Could you please read this topic before asking.

[windreamteam]

Market cap back to 100 000 000 000$. I think it's gonna be a great month for the crypto lovers.