[ANN] [BTCP] BitcoinPrivate: A Truly Private Bitcoin [Equihash]

[Ned Kelly]

In my opinion it's better to buy bitcoin in order to qualify for this fork. Bitcoin price will not be affected by this fork price. On the other hand zcl price will drop. Also, there is no guarantee that combine zcl and bitcoin private combine price will be higher than zcl price now. So it will be gamble for zcl holders and free money for btc holders.

[SmileyBob]

In my opinion it's better to buy bitcoin in order to qualify for this fork. Bitcoin price will not be affected by this fork price. On the other hand zcl price will drop. Also, there is no guarantee that combine zcl and bitcoin private combine price will be higher than zcl price now. So it will be gamble for zcl holders and free money for btc holders.

Where is the guarantee that btcp will be listed on a high-volume exchange before april 1st 2018?  I say there will be a huge panic sell on zcl, then miners with old cards (7950 & 280x) will shut down all their hardware... there will be a lot of older gpu available, and maybe the retail prices for newer gpu will go down as well...

The mining prices don't look good for after that fork, miners will run away from zcl into the zec, then will panic because of the increased difficulty... Since the difficulty will go up on the profitable coins and we'll lose zcl (low price) & zec (too difficult), hush (difficulty varies too much), btg & komodo (difficulty too high compared to whattomine results)...
recession is coming and will last for at least 2-3 months until bitcoin recovers to usd $18,000.

[monsanto]

In my opinion it's better to buy bitcoin in order to qualify for this fork. Bitcoin price will not be affected by this fork price. On the other hand zcl price will drop. Also, there is no guarantee that combine zcl and bitcoin private combine price will be higher than zcl price now. So it will be gamble for zcl holders and free money for btc holders.

If you are already holding BTC, or purchasing BTC with other alts, the fork really is like free money. However I think if someone is buying with fiat, or wants significant upside, then the reasoning changes. You'd have to use much more fiat or alts to buy BTC to get the equivalent BTCP you'd get buying ZCL. And for people with limited funds I think it is probably much better to buy ZCL for the fork than BTC. Say someone has $10,000 to invest. The upside if they buy BTC for the fork is only 1 BTCP.  Right now for the same amount of $10k they could buy almost 70 ZCL. So while there is more risk the upside is potentially much better with 70 BTCP. So in that case I think it would be better to buy ZCL to qualify for the fork than wasting time moving $10k around to get 1 BTCP.

[SimpleMan]

In my opinion it's better to buy bitcoin in order to qualify for this fork. Bitcoin price will not be affected by this fork price. On the other hand zcl price will drop. Also, there is no guarantee that combine zcl and bitcoin private combine price will be higher than zcl price now. So it will be gamble for zcl holders and free money for btc holders.

If you are already holding BTC, or purchasing BTC with other alts, the fork really is like free money. However I think if someone is buying with fiat, or wants significant upside, then the reasoning changes. You'd have to use much more fiat or alts to buy BTC to get the equivalent BTCP you'd get buying ZCL. And for people with limited funds I think it is probably much better to buy ZCL for the fork than BTC. Say someone has $10,000 to invest. The upside if they buy BTC for the fork is only 1 BTCP.  Right now for the same amount of $10k they could buy almost 70 ZCL. So while there is more risk the upside is potentially much better with 70 BTCP. So in that case I think it would be better to buy ZCL to qualify for the fork than wasting time moving $10k around to get 1 BTCP.

Although it makes sense what you say there is still a high chance of massive dumping even before the snapshot. Those who bought at a few dollars already are at 40x. They have sufficient reason to sell and neglect the fork which would most likely make them not as much money as the bull run with ZCL has already.

[abonarea]

This is good only if you bought Bitcoins in dip or holding for long time and same for other coins which allow you to qualify for airdrop. If you sell your altcoins for any of these just to get some free that is not wise move in my opinion. It is like you are gambling on a thing which has no base yet while taking risk of loosing already established coins.

[Hakamoto]

Excellent company! Sneterpeny I will wait for development of this project! I wish this project great success!

[snowyNNN]

BPrivate will be worth more than Zclassic is now and likely more than just before the snapshot however much that will be.

When Zclassic forked this spring to Zen, The Zen was worth almost double the Zcl price when Zen trading opened and you still had the original Zclassics of course!

Also, most BPrivate coins held by Bitcoin holders are not readily available for trading due to forkcoin extraction being kind of a hassle.
How many of you who have Bitcoin have taken measures to have access to your BDiamond or SuperBitcoin or many other of the Bitcoin forks, except maybe Bcash and Bgold ?

[babybonoba]

Very excited about BTCP.  I originally had been mining BTCZ as one of my "lower ranking cryptos" "just in case", but upon reading more about BTCP I've realized that it is the better coin.  BTCZ = 21 BILLION coins total while BTCP will have closer to 21 MILLION.  The fact that BTCP is a fork off of BTC and honors holders of BTC also gives the coin more validity in the cryptosphere, while BTCZ started from block 0.  To be honest I prefer Monero as the king of anonymous coins but BTCP could have a successful future and so I support it.

[Lisk_beginner]

Do you know if bittrex will support this fork please ?
I search on the Télégram but i find nothing

Thank you

[M4nUnit]

Imagine I'm an investor with $10k and want free BTCP.

I can buy around 55 ZCL actually, and that will give me 55 bitcoin private. Even if BTCP is around $200 (it will be much more, but it's the minimum it can be) that is a $11k gift.

If you leave your ZCL you'll have a drop, but you'll earn money in any case, it sounds to good to be true for me, can someone explain me if I missed something?

[ciappa]

Do you know if bittrex will support this fork please ?
I search on the Télégram but i find nothing

Thank you

This is a very good question. Due it is not a very popular fork IMO can be that no exchanges support Bitcoinprivate fork. Who has made expieriences on forks with binance? Binance was supporting the last forks?  

[easypeasy]

Imagine I'm an investor with $10k and want free BTCP.

I can buy around 55 ZCL actually, and that will give me 55 bitcoin private. Even if BTCP is around $200 (it will be much more, but it's the minimum it can be) that is a $11k gift.

If you leave your ZCL you'll have a drop, but you'll earn money in any case, it sounds to good to be true for me, can someone explain me if I missed something?

at this moment zcl is really btcp futures, immediately after the snapshot zcl's value will drop to around 2 or 3 $'s then we have to wait a couple of days to collect our btcp which will hopefully be trading at $200 and up

As long as the devs manage to pull of they're end and assuming btc is stable then i see it as a no lose situation, like finding free money down the back of the settee, i think btcp will trade at a minimum $300

[dunchy]

Imagine I'm an investor with $10k and want free BTCP.

I can buy around 55 ZCL actually, and that will give me 55 bitcoin private. Even if BTCP is around $200 (it will be much more, but it's the minimum it can be) that is a $11k gift.

If you leave your ZCL you'll have a drop, but you'll earn money in any case, it sounds to good to be true for me, can someone explain me if I missed something?

at this moment zcl is really btcp futures, immediately after the snapshot zcl's value will drop to around 2 or 3 $'s then we have to wait a couple of days to collect our btcp which will hopefully be trading at $200 and up

As long as the devs manage to pull of they're end and assuming btc is stable then i see it as a no lose situation, like finding free money down the back of the settee, i think btcp will trade at a minimum $300

Sweet dreams guys

FBTC was a litmus test as LBTC will be in the near future (as soon as the flood gates open) just watch as BTC dumpers put astronomical down pressure on price. It'll take 24H tops to floor it from triple digits $ to less than $50. As for ZCL,  keep your finger on a trigger and make an immediate market order as soon as you see fork block has passed.

[zoza14]

Hey guys, so how are we claiming if we are BTC holders?

Importing keys or signing a message?

Anyone knows?

[memii]

Hey guys, so how are we claiming if we are BTC holders?

Importing keys or signing a message?

Anyone knows?

You will have to use private keys by sweeping them you will be able to claim once it will be ready at the end of this month. Be sure to send your existed coins on new address and claim used keys of empty addresses for extra security and safety reasons. No matter what the protection level project offers.

[zoza14]

Hey guys, so how are we claiming if we are BTC holders?

Importing keys or signing a message?

Anyone knows?

You will have to use private keys by sweeping them you will be able to claim once it will be ready at the end of this month. Be sure to send your existed coins on new address and claim used keys of empty addresses for extra security and safety reasons. No matter what the protection level project offers.

Thanks for the answer. But just to make sure, this is right for the holders of ZCL private keys and BTC private keys, right? In order to claim we will have to import keys?

Because in this thread it is stated that holders of BTC will need to sign a message to prove the ownership while holders of ZCL will have to import keys, since the fork is essentially happening on ZCL network.

https://www.reddit.com/r/BitcoinAirdrops/comments/7ylb9r/i_see_zclassic_is_still_going_up_and_now_190_usd/

And to add, interestingly in the faq on the website and in this thread we can only read that btcp will be claimable by importing ZCL keys, nowhere are mentioned BTC owners.

So once again, which one is it right piece of information for BTC holders?! 

Thanks

[Travis726]

What is the reasoning for not announcing the block the snapshot will occur at?  Because it screams insider trading.... (the devs/people in the know can sell their zcl after the screenshot before everyone else does).  Not exactly a "fair start" imo (one of the points made on bitcoin privates website.)

[vlom]

is it really that hard to check the website.

How do I receive BTCP?

When the hard fork occurs, a snapshot of all existing ZCL and BTC holdings will occur. Anyone holding ZCL or BTC in a wallet or supported exchange will be credited Bitcoin Private (BTCP) at a 1:1 ratio. For example, if you hold 15.4 ZCL and 0.1 BTC, you will receive 15.5 BTCP.

[Travis726]

is it really that hard to check the website.

How do I receive BTCP?

When the hard fork occurs, a snapshot of all existing ZCL and BTC holdings will occur. Anyone holding ZCL or BTC in a wallet or supported exchange will be credited Bitcoin Private (BTCP) at a 1:1 ratio. For example, if you hold 15.4 ZCL and 0.1 BTC, you will receive 15.5 BTCP.

im guessing you are responding to others?

[zoza14]

is it really that hard to check the website.

How do I receive BTCP?

When the hard fork occurs, a snapshot of all existing ZCL and BTC holdings will occur. Anyone holding ZCL or BTC in a wallet or supported exchange will be credited Bitcoin Private (BTCP) at a 1:1 ratio. For example, if you hold 15.4 ZCL and 0.1 BTC, you will receive 15.5 BTCP.

I guess he's responding to me!

Sorry but this still doesn't answer a question, how do the BTC holders claim their BTCP!!

For the ZCL holders yes, you need to import your keys into the client, but nowhere was clearly specified what BTC holders exactly need to do in order to claim!