Did Poloniex made people richer?

[shamzblueworld]

So here is how poloniex dealt with BCC fork: People who had any bitcoin on August one in their polo wallet, received equal amount of BCC from poloniex.
Which means if someone had 1 Bitcoin in their polo wallet on August 1, now he has 1 bitcoin and also 1 Bitcoin Cash in their wallet. So technically, they have given free multiplication to bitcoin funds of people who had it on their platform. I mean they can sell their BCC(which is now over $600) and increase their total worth or bitcoin.

Now my question is, why would they do that? And if they did it. Can we do the same with out bitcoin on our wallets too? Is it possible?
I thought we can only have one of the two, I mean we can only convert our bitcoin to BCC, but to have both is certainly a bonus, isn't it?

[Intensity]

If you had Bitcoin during the fork, an equal amount of BCC was created to your private key that was holding your BTC. If you scroll down to Step III (Step III: Obtain a Bitcoin Cash Compatible Wallet), you can follow this guide to get your BCC.


https://medium.com/airbitz/how-do-i-get-my-bitcoin-cash-from-airbitz-e97982e3fc4c

[Antivoid]

you will receive bcc in your wallet or any other exchange, poloniex didnt do anything more, you just get what you deserved

[intec]

Correct me if im wrong but there is no free money in here, you deposit 1 btc you receive 1 btc 1 bcc to trade with. If you spend balance on btc your bcc decreases too. But i never dealt with with bcc so I don't really know.

[garytheasshole]

Correct me if im wrong but there is no free money in here, you deposit 1 btc you receive 1 btc 1 bcc to trade with. If you spend balance on btc your bcc decreases too. But i never dealt with with bcc so I don't really know.

That's thankfully not true, bitcoin and bitcoin cash are on two totally separate blockchains. Bitcoin cash merely made a snapshot of the bitcoin blockchain and continued adding blocks to the chain on its own so any transactions you make now on the bitcoin cash blockchain remain there, they don't get propagated to the bitcoin blockchain as well.

[intec]

So are you saying if i deposit btc in exchanges i get the unit value in bcc to dump?

[garytheasshole]

So are you saying if i deposit btc in exchanges i get the unit value in bcc to dump?

If you import the private keys in your bitcoin cash wallet from any address that had bitcoins before August 1st, 5:20am PT (12:20pm UTC) you will get the same amount of bitcoin cash, exchanges just do it for you since you don't have the private keys of your exchange bitcoin address.

[CraigWrightBTC]

So are you saying if i deposit btc in exchanges i get the unit value in bcc to dump?

No you will not get the unit value in bitcoins cash BCH not BCC on poloniex, because poloniex market doesn't support this feature
 but if you have bitcoins before 1st August 2017 and you keep the private key you will get the unit value in bitcoins cash BCH
 You can claim bitcoins cash that support for it, but you can not do it on poloniex, you can claim on bittrex to get your bitcoins cash.

[mriansa]

So here is how poloniex dealt with BCC fork: People who had any bitcoin on August one in their polo wallet, received equal amount of BCC from poloniex.
Which means if someone had 1 Bitcoin in their polo wallet on August 1, now he has 1 bitcoin and also 1 Bitcoin Cash in their wallet. So technically, they have given free multiplication to bitcoin funds of people who had it on their platform. I mean they can sell their BCC(which is now over $600) and increase their total worth or bitcoin.

Now my question is, why would they do that? And if they did it. Can we do the same with out bitcoin on our wallets too? Is it possible?
I thought we can only have one of the two, I mean we can only convert our bitcoin to BCC, but to have both is certainly a bonus, isn't it?

Yes of course this depends you can take advantage of the situation or not, if like yesterday 1 August BCH is given free of charge and it is very profitable for those who have 100 BTC in polo enough for snack

[intec]

So are you saying if i deposit btc in exchanges i get the unit value in bcc to dump?

No you will not get the unit value in bitcoins cash BCH not BCC on poloniex, because poloniex market doesn't support this feature
 but if you have bitcoins before 1st August 2017 and you keep the private key you will get the unit value in bitcoins cash BCH
 You can claim bitcoins cash that support for it, but you can not do it on poloniex, you can claim on bittrex to get your bitcoins cash.

Was a snapshot of the blockchain taken? If I spent already those bitcoins do I get something?

[kolap]

So here is how poloniex dealt with BCC fork: People who had any bitcoin on August one in their polo wallet, received equal amount of BCC from poloniex.
Which means if someone had 1 Bitcoin in their polo wallet on August 1, now he has 1 bitcoin and also 1 Bitcoin Cash in their wallet. So technically, they have given free multiplication to bitcoin funds of people who had it on their platform. I mean they can sell their BCC(which is now over $600) and increase their total worth or bitcoin.

Now my question is, why would they do that? And if they did it. Can we do the same with out bitcoin on our wallets too? Is it possible?
I thought we can only have one of the two, I mean we can only convert our bitcoin to BCC, but to have both is certainly a bonus, isn't it?

You is a little late on this, other exchanges already gave away BCC way before Poloniex did, like Bittrex or Kraken and soon will be Coinbase.  

[Loepuenkyou]

So here is how poloniex dealt with BCC fork: People who had any bitcoin on August one in their polo wallet, received equal amount of BCC from poloniex.
Which means if someone had 1 Bitcoin in their polo wallet on August 1, now he has 1 bitcoin and also 1 Bitcoin Cash in their wallet. So technically, they have given free multiplication to bitcoin funds of people who had it on their platform. I mean they can sell their BCC(which is now over $600) and increase their total worth or bitcoin.

Now my question is, why would they do that? And if they did it. Can we do the same with out bitcoin on our wallets too? Is it possible?
I thought we can only have one of the two, I mean we can only convert our bitcoin to BCC, but to have both is certainly a bonus, isn't it?

 
youre are true, after bitcoin cash listing and can trade in poloniex BCH price incraese very high
i think much people get much profit , if have big capital money can rich

[btcltcdigger]

Didn't get me rich, but it sure did make me sell BCC for BTC asap

in retrospect, should have waited

[garytheasshole]

Didn't get me rich, but it sure did make me sell BCC for BTC asap

in retrospect, should have waited

I'm happy that I dumped as fast as I could get the BCC on polio, bought myself some nice things, out of thin air!
I hope we see a lot more of these in future.

[veraoktav127]

So here is how poloniex dealt with BCC fork: People who had any bitcoin on August one in their polo wallet, received equal amount of BCC from poloniex.
Which means if someone had 1 Bitcoin in their polo wallet on August 1, now he has 1 bitcoin and also 1 Bitcoin Cash in their wallet. So technically, they have given free multiplication to bitcoin funds of people who had it on their platform. I mean they can sell their BCC(which is now over $600) and increase their total worth or bitcoin.

Now my question is, why would they do that? And if they did it. Can we do the same with out bitcoin on our wallets too? Is it possible?
I thought we can only have one of the two, I mean we can only convert our bitcoin to BCC, but to have both is certainly a bonus, isn't it?

 
youre are true, after bitcoin cash listing and can trade in poloniex BCH price incraese very high
i think much people get much profit , if have big capital money can rich

yes, it all depends how clever we count..if there is a chance then take it

[bengems]

I think they made people rich, but they are very rigid for not allowing new coins to be added. Now they are losing their position trex. Bad for them

[jzale]

It's not just Poloniex. All wallet providers who supports BCC on their platform has made people who supports BCC when the fork occurred had an additional asset to their accounts. If you've got 10+ BTC on your wallet during fork then surely it will make you more richer.

[Herbert2020]

bittrex made its users a lot more richer because they added bitcoin cash in the first day and the pump back then was up to 0.4 if i am not mistaken.

Now my question is, why would they do that?

because they wanted to take the safest route. they first waited to see if this chain can survive and also if it could they waited until it stabilizes first and takes its possible victims and then they got in.

And if they did it. Can we do the same with out bitcoin on our wallets too? Is it possible?

it is like half the topics on bitcointalk these days
yes you can. as other user said if you had any coins prior to Aug 1 in a wallet that you control they private keys of, now you have bitcoin cash in same amount too.

I thought we can only have one of the two, I mean we can only convert our bitcoin to BCC, but to have both is certainly a bonus, isn't it?

that is called buying something, you can also buy BCC with your fiat or bitcoin and have only one of them!

[Jdope]

I don't think it was to make people richer, it was to credit them as a platform, bittrex did it, coinbase did it, you must have noticed how the volume decreased before the fork because everyone was getting their Btc out of polo, their support currently sucks, Its a PR move.

[3months18w]

So here is how poloniex dealt with BCC fork: People who had any bitcoin on August one in their polo wallet, received equal amount of BCC from poloniex.
Which means if someone had 1 Bitcoin in their polo wallet on August 1, now he has 1 bitcoin and also 1 Bitcoin Cash in their wallet. So technically, they have given free multiplication to bitcoin funds of people who had it on their platform. I mean they can sell their BCC(which is now over $600) and increase their total worth or bitcoin.

Now my question is, why would they do that? And if they did it. Can we do the same with out bitcoin on our wallets too? Is it possible?
I thought we can only have one of the two, I mean we can only convert our bitcoin to BCC, but to have both is certainly a bonus, isn't it?

Hi man , seems you have  left crypto for a while as you're a SR member , or else you  should know every BTC holder got an equal amount of BCC. That's what you should got.