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Author Topic: A technical guide on what to do before and after BTG and Segwit2x hard forks  (Read 715 times)
Wind_FURY
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October 15, 2017, 05:12:52 AM
 #1

All newbies should read this and have the knowledge on what to do before and after a hard fork.

https://bitcoinmagazine.com/articles/bitcoin-beginners-guide-surviving-bgold-and-segwit2x-forks/

The BTG hard fork is nothing to worry about. It is called a "friendly" hard fork because it is not trying to be "Bitcoin". Segwit2x is the one to worry about because it claims to be an "upgrade" to Bitcoin.

The guide will tell you what to do, which wallets are safe to use and when you can claim your coins in the forked chain. Read it!


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October 15, 2017, 06:11:21 AM
 #2

Its not technical IMHO. Some common description and basic notes.
It does not clarify what exchanges support what and ive read that Bitfinex going to support fork.
No mentioning about lending or investing in casino. Last time crypto-games split bitcoin fair and fast.
Its more of "Hide yo women, vikings are coming"

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October 15, 2017, 07:19:58 AM
 #3

Its not technical IMHO. Some common description and basic notes.
It does not clarify what exchanges support what and ive read that Bitfinex going to support fork.
No mentioning about lending or investing in casino. Last time crypto-games split bitcoin fair and fast.

It may be not that technical but it does tell you the right thing to do. Like what you said, you are not sure what Bitfinex supports, or if Bitcoin casinos will split your coins for you. The guide tells you how to put all your coins in a wallet that allows you to control your private key, and all the reasons why.

Quote
Its more of "Hide yo women, vikings are coming"

You do not believe in doing the right thing to keep your coins safe?



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October 15, 2017, 07:27:56 AM
 #4

No mentioning about lending or investing in casino. Last time crypto-games split bitcoin fair and fast.

I haven't had an official statement yet but I trust Crypto-Games to act fairly again this time. It would cause too much disruption to a casino to have all their investors trying to withdraw the bankroll so they don't really have any option.

you are not sure what Bitfinex supports

No, he said the opposite. Bitfinex is one of the sites that has published a full statement on how they will handle the forks. Many others are yet to do the same.

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October 15, 2017, 07:28:48 AM
 #5

Its not technical IMHO. Some common description and basic notes.
It does not clarify what exchanges support what and ive read that Bitfinex going to support fork.
No mentioning about lending or investing in casino. Last time crypto-games split bitcoin fair and fast.

It may be not that technical but it does tell you the right thing to do. Like what you said, you are not sure what Bitfinex supports, or if Bitcoin casinos will split your coins for you. The guide tells you how to put all your coins in a wallet that allows you to control your private key, and all the reasons why.

Quote
Its more of "Hide yo women, vikings are coming"

You do not believe in doing the right thing to keep your coins safe?




Put the coins in a wallet which you own the private keys for, that is the minimum anyone should do or advice.
rather than blindly trust exchanges to do the right thing.

Exchanges have shown they have no inclination to give users the forked coins.
Why should they really...
Ofcourse some of them may slide with the gold or 2x developers and list the fork coins, if I am not wrong bitfinex is already speculating on the prices
but they have no obligation to do so.
Many fiat exchanges simply will not accept the new coins because that would involve significant restructuring of their existing systems, cold storage wallets etc.

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October 15, 2017, 02:18:42 PM
 #6


https://bitcoinmagazine.com/articles/bitcoin-beginners-guide-surviving-bgold-and-segwit2x-forks/


The guide will tell you what to do, which wallets are safe to use and when you can claim your coins in the forked chain. Read it!


Well explained, very useful to me
Thks
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October 15, 2017, 04:31:59 PM
 #7

So when this fork happens and you end up with two different forms of bitcoin, if you sell one do you still keep the full amount of the other?

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October 15, 2017, 04:44:34 PM
 #8

So when this fork happens and you end up with two different forms of bitcoin, if you sell one do you still keep the full amount of the other?
Theoretically speaking, yes, atleast if you don't fall victim to a replay attack. Bitcoin gold however should relatively safe to transact and sell.
Let's say you have 1 bitcoin at the time of the bitcoin gold fork. When forked you should have 1 bitcoin gold on the newly created chain as well. If you make the decision to sell your bitcoin gold and transact it  to bittrex (if they accept bitcoin gold) you should find your original 1 bitcoin in the same wallet you deposited it in.
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October 16, 2017, 05:42:27 AM
 #9

What do you think about wallets on bitcoin.com. Does it get bitcoin gold after segwit2x? What should we use between electrum wallets and bitcoin.com  wallets ?
I don't know how to get b2x, bitcoin gold
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October 16, 2017, 06:03:39 AM
 #10

What do you think about wallets on bitcoin.com. Does it get bitcoin gold after segwit2x? What should we use between electrum wallets and bitcoin.com  wallets ?
I don't know how to get b2x, bitcoin gold


Read the guide in the OP! If you want a safe wallet that lets you export your private key then use Electrum. If you want to web wallet that displays the real "BTC" then you should use Green Address. You cannot trust the other web wallets like Blockchain because the "BTC" they display might really be S2X.


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October 16, 2017, 06:50:24 AM
 #11

https://www.bitcoin.com/
what kind of this bitcoin.com wallet ? They are also provided by bitcoin, no one has mentioned it yet
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October 17, 2017, 06:23:11 AM
 #12

For me the best advice I could give someone, would be to buy as many bitcoins as possible before the fork, because this will increase the amount of free coins you will get after the fork. Transfer the coins to paper wallets or cold storage where you have sole control over the private keys, BEFORE the fork.

After the fork, you should wait a few days, before you start to move any coins. If everything is safe, you sweep those FREE bitcoins onto a compatible <safe> wallet and split the coins.

I will then keep 50% of the new coins and sell the rest to buy more bitcoins. ^smile^

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October 17, 2017, 07:12:45 AM
 #13

https://www.bitcoin.com/
what kind of this bitcoin.com wallet ? They are also provided by bitcoin, no one has mentioned it yet

Do not use that wallet. We do not know which Bitcoin will be called "BTC" if the blockchain splits again on November. I know Roger Ver is a good person and he tries to do what he thinks is good for Bitcoin but his actions are misguided. He is also playing in the hands of Jihan Wu to further the miners' agenda.


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