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Author Topic: HITBTC: clarification about segwit2x  (Read 266 times)
egrep (OP)
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November 03, 2017, 10:38:00 AM
 #1

According to the official statement

Quote from: hitbtc

We have the following:

Quote
The day SegWit2x is activated. These actions are to be performed:
B2X deposits and withdrawals will be enabled. Future split tokens you’ve purchased will turn alive.
You will receive the same amount of B2X as you hold BTC on your HitBTC account.

Technical params are "not completely, but clear enough" (B/N 494,784) and my question is about clarification of the following statement:
Quote
You will receive the same amount of B2X as you hold BTC on your HitBTC account.

@hitbtc (or any other officials), could you please clarify:
When exactly users accounts are going to be credited with B2X according to their BTC-holdings ?
 - right after B/N 494,784 is found ? I.e "snapshot-basis": you will create a snapshot on block 494,783(4?) and then perform a B2X-credit for those, who held BTC on that block-mining-time ?
 - after "X" confirmations of B/N 494,784 ? Then, what is "X" equal to and for what chain are you going to count confirmations: B2X or BTC ?
 - at "some time during the day of SegWit2x is activated" ? Is there any estimation of this time ?

hasmukh_rawal
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November 03, 2017, 12:28:12 PM
 #2

As soon as the block 494784 is mined there will be a snapshot taken and users who will be holding BTC during the time of snapshot on HitBtc will be credited equal amount of B2X. The time cannot be estimated since we don't know at what time the block will be mined. You just have to wait for that. I think since there are 6 confirmations needed for BTC there might be 6 or 12 confirmations needed for B2X I am really not sure. After this they will start crediting the B2X to the users.

egrep (OP)
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November 03, 2017, 12:32:50 PM
 #3

As soon as the block 494784 is mined there will be a snapshot taken and users who will be holding BTC during the time of snapshot on HitBtc will be credited equal amount of B2X. The time cannot be estimated since we don't know at what time the block will be mined. You just have to wait for that. I think since there are 6 confirmations needed for BTC there might be 6 or 12 confirmations needed for B2X I am really not sure. After this they will start crediting the B2X to the users.

@hasmukh_rawal, are you a HitBTC official ?
audaciousbeing
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November 03, 2017, 02:27:47 PM
 #4

As soon as the block 494784 is mined there will be a snapshot taken and users who will be holding BTC during the time of snapshot on HitBtc will be credited equal amount of B2X. The time cannot be estimated since we don't know at what time the block will be mined. You just have to wait for that. I think since there are 6 confirmations needed for BTC there might be 6 or 12 confirmations needed for B2X I am really not sure. After this they will start crediting the B2X to the users.

@hasmukh_rawal, are you a HitBTC official ?


He does not need to be HitBTC official to know that because the information is public knowledge and because we have seen minimum of 2 forks happened already, it will surely follow the same pattern and even with the realease by HIBTC I don't see any thing special from what we have all know before.

HiBTC is one site that I use and I know they will keep to their word but if you don't trust them there is nothing stopping you from keeping your bitcoin elsewhere and wait till when other avenues to claim your B2X is made available.

Also, if you want direct information from their officials, you can either locate their thread on the forum to posts, or contact their customer service platform but I don't see them giving any further information to the one already provided.
egrep (OP)
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November 03, 2017, 03:27:44 PM
 #5

As soon as the block 494784 is mined there will be a snapshot taken and users who will be holding BTC during the time of snapshot on HitBtc will be credited equal amount of B2X. The time cannot be estimated since we don't know at what time the block will be mined. You just have to wait for that. I think since there are 6 confirmations needed for BTC there might be 6 or 12 confirmations needed for B2X I am really not sure. After this they will start crediting the B2X to the users.

@hasmukh_rawal, are you a HitBTC official ?


He does not need to be HitBTC official to know that because the information is public knowledge and because we have seen minimum of 2 forks happened already, it will surely follow the same pattern and even with the realease by HIBTC I don't see any thing special from what we have all know before.

HiBTC is one site that I use and I know they will keep to their word but if you don't trust them there is nothing stopping you from keeping your bitcoin elsewhere and wait till when other avenues to claim your B2X is made available.

Also, if you want direct information from their officials, you can either locate their thread on the forum to posts, or contact their customer service platform but I don't see them giving any further information to the one already provided.

@audaciousbeing
1. In fact, "public knowledge" != "exact information about implementation", do you agree ? This question is about exact implementation timeframes.
2. This question is not about trust at all Smiley
3. I've already asked them through support form, but maybe question asked on bitcointalk will have more detailed answer than simple "follow us".
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