RE: BIP 91 activated but now BIP 141! What is going on?? [Bitcoin]
That's why I like Bitfinex cuz they have been testing the market for two coins for a while now and are ready to support them both :-D BCC (Bitcoin Core) and BCU (Bitcoin Unlimited)... This is from Bitfinex's website "Chain Split Tokens (CSTs) are the first such product of its kind, allowing Bitfinex customers to speculate on future fork events of the Bitcoin blockchain, specifically, the potential fork between Bitcoin Core and Bitcoin Unlimited by 11:59:59 UTC December 31, 2017. CSTs are designated as BCC (Bitcoin Core) and BCU (Bitcoin Unlimited). CSTs trade as BTC and USD pairs.
Users will be able to create CSTs by “splitting” a bitcoin through the Token Manager (located in the Order Form’s Order Type drop-down menu in the sidebar). Once split, the BTC will be removed from your account for each BCC and BCU added. Through the same Token Manager, you will be able to reverse this process at any time, trading in equal numbers of BCC and BCU to extract BTC.
Learn more about Chain Split Tokens from:
https://www.bitfinex.com/posts/195
https://www.bitfinex.com/cst_token_terms"
That is really interesting I am not signed up with bitfinex but I think I have to now! Thanks for sharing this! 100% SP up vote for you ;)
It is confusing that Bitfinex is using different coin abbreviations than everyone else!
In this post I examine why the UAHF is probably going to cause a short squeeze on Bitcoin this weekend leading into next week. You can make money on this, but it will be risky.
Why the $BCC Fork Will Cause a Short Squeeze in Bitcoin That Affects You
Thanks for the information, this helps to explain the big picture!
Yeah, here you can find some great information on it.
https://medium.com/%40lukedashjr/why-nothing-will-happen-with-bitcoin-on-august-1st-93f49a1a930d
https://www.reddit.com/r/Bitcoin/comments/6ph7fi/the_truth_about_bcc_and_recommendations_from_the/