Pistachio (OP)
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August 15, 2017, 02:49:15 PM
Last edit: August 29, 2017, 04:37:02 PM by Pistachio |
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Should deals made before the fork include the BCC if paid or released after the fork? Who should keep the BCC (buyer, seller, escrow, or divided up)?
Anyone remember how this was handled with Clams when they first came out?
Edit: To clarify, the scenario I am thinking of is the seller agreed to be paid in BTC for goods or services before the fork. The buyer agreed to the pay the BTC or placed the BTC in escrow until the goods or services can be delivered. The goods or services are delivered post-fork. Now, what happens to the BCC?
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vizique
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August 15, 2017, 02:54:16 PM |
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In my view, if payments have been made PRE-fork (to escrow) then the BCC is equally tied to that BTC and therefore should move with that BTC when sent to the Seller as the released payment.
I would hazard a guess there would be some work involved by the escrow (very dependent on the wallet used by the escrow too) to withdraw that BCC so a fair admin fee for doing this would apply?
Viz
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AT101ET
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August 15, 2017, 02:56:16 PM |
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Personally I'd say no. Say that my BTC wallet once contained 100BTC but I spent a lot of it up until the fork and thus only had 15BTC left when the fork happened, I can't really expect to demand the BCC associated with all the 85BTC (I spent) from the sellers. I think the same applies to deals made here or elsewhere.
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vizique
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August 15, 2017, 03:04:33 PM |
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Well , the coin would have been in the sellers possession if escrow hadnt been used.
The Buyer has "spent" the coins so they wont get them (BCC).
So the spent coins, while in "limbo" are still technically the Sellers and as such the Sellers has the rights to the BCC.
Viz
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AT101ET
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August 15, 2017, 03:08:21 PM |
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Personally I'd say no. Say that my BTC wallet once contained 100BTC but I spent a lot of it up until the fork and thus only had 15BTC left when the fork happened, I can't really expect to demand the BCC associated with all the 85BTC (I spent) from the sellers. I think the same applies to deals made here or elsewhere.
There would be no BCC associated with the 85 BTC if you spent before the fork..... You should have 15 BCC to match the 15 BTC that was in your wallet on the 1st of August  Exactly. The point is that these coins were also 'spent' so to speak and therefore the buyer shouldn't have any claim to the BCC tied to them. |
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Pistachio (OP)
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August 15, 2017, 03:18:07 PM |
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Personally I'd say no. Say that my BTC wallet once contained 100BTC but I spent a lot of it up until the fork and thus only had 15BTC left when the fork happened, I can't really expect to demand the BCC associated with all the 85BTC (I spent) from the sellers. I think the same applies to deals made here or elsewhere.
There would be no BCC associated with the 85 BTC if you spent before the fork..... You should have 15 BCC to match the 15 BTC that was in your wallet on the 1st of August Exactly. The point is that these coins were also 'spent' so to speak and therefore the buyer shouldn't have any claim to the BCC tied to them. Just to play this out fully, what of the counter-argument that the original deal was only for BTC and BCC did not exist when the deal was made. Additionally, there are some minor hoops to jump through to retrieve the BCC. Is the buyer (person paying in BTC) obligated to retrieve the BCC for the seller (person receiving BTC as payment)? |
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krogothmanhattan
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August 15, 2017, 03:26:58 PM |
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If the deal was just for BTC then that is all it should be. A deal is a deal. What happens if I bought the btc after the fork happened? Why should I shell out to buy BCC?
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AT101ET
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August 15, 2017, 03:32:14 PM |
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Personally I'd say no. Say that my BTC wallet once contained 100BTC but I spent a lot of it up until the fork and thus only had 15BTC left when the fork happened, I can't really expect to demand the BCC associated with all the 85BTC (I spent) from the sellers. I think the same applies to deals made here or elsewhere.
There would be no BCC associated with the 85 BTC if you spent before the fork..... You should have 15 BCC to match the 15 BTC that was in your wallet on the 1st of August Exactly. The point is that these coins were also 'spent' so to speak and therefore the buyer shouldn't have any claim to the BCC tied to them. Just to play this out fully, what of the counter-argument that the original deal was only for BTC and BCC did not exist when the deal was made. Additionally, there are some minor hoops to jump through to retrieve the BCC. Is the buyer (person paying in BTC) obligated to retrieve the BCC for the seller (person receiving BTC as payment)? Well if the BCC didn't exist at the time of the transaction then what is the claim? The coins should be looked at as spent BTC and therefore all associated BCC would also be spent. At the time that the transaction was agreed upon there was no BCC to claim so you can't really retroactively claim it back. Since redeeming the BCC can only be done by the buyer or Escrow holder I think that since they have to go through some trouble they should definitely be compensated for it. |
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wheelz1200
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August 15, 2017, 04:45:17 PM |
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If the deal was just for BTC then that is all it should be. A deal is a deal. What happens if I bought the btc after the fork happened? Why should I shell out to buy BCC?
Agree. If i agree to pay something i pay it. If there happens to be a bonus for the buyer than there it is, same with the seller. These calculations should all take place with the btc sales price around the time of sale. Unless otherwise stated. We never went through this for clams...and hopefully bcc dies enough where its a non factor in sales like clams is. And every other fork that comes along. |
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LoyceBot
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August 15, 2017, 06:53:20 PM |
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Seller receives BTC plus matching BCC I pick this one. Imagine the deal is for a pre-loaded old collectible coin holding 10 BTC, sold for 11 BTC. Clearly, the old coin now contains 10 BTC + 10 BCC/BCH, so it makes sense to pay both. |
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monkeynuts
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August 15, 2017, 08:36:38 PM |
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It's not like bch came as a surprise. We all knew it was happening well in advance. If the possible bch bounty wasn't stated as part of any deal then it's off the table
That being said... If the coins are in escrow at that time, I don't think the escrow agent should be the one to keep the coins, if they had the btc stored in a way that permitted them to claim the bch.
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