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Author Topic: Safety precaution when using Bitcoin Cash and Bitcoin.  (Read 281 times)
Jet Cash (OP)
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January 18, 2018, 08:19:54 PM
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 #1

I'm thinking of claiming my Bitcoin Cash, and I may keep the wallet active for misaddressed payments. I'll move my Bitcoin holding into a new wallet, and use the existing address for a Bitcoin cash node. I'm considering using the same receiving address on both systems. This will allow me to refund a transaction that is sent via the wrong system, and request the correct payment. I'm sensing that some users don't know the difference between Bitcoin and Bitcoin cash, and this may help me to resolve the confusion.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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January 26, 2018, 05:58:57 PM
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Do not quite understand what you mean, but I think it would be safer or easier to store separately Grin
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January 26, 2018, 06:29:26 PM
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Wouldn't owning one address always make you own the other address as well?

ie: If I have address A as my BTC address, and address B as my BCC address, if someone incorrectly sends BCC to A, then I can import the privkey of A into my BCC client and refund it the BCC anyways.

I guess the only advantage of having the address stored on both wallets in advance is if you expect it to be very likely that people make this kind of mistake... which might be the right guess.
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January 26, 2018, 07:51:13 PM
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Wouldn't owning one address always make you own the other address as well?

ie: If I have address A as my BTC address, and address B as my BCC address, if someone incorrectly sends BCC to A, then I can import the privkey of A into my BCC client and refund it the BCC anyways.

Of course you are correct, and I feel a bit stupid. Smiley

I started the thread after reading about a seller who had his payment sent to the wrong address, and the general opinion seemed to be that he had lost the money, or the buyer had. In fact, that might have been the problem on reflection, it was the buyer who was posting ( not on Bitcoin talk btw).
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