“Your keys — your bitcoin. Not your keys — not your bitcoin”.

in #bitcoin7 years ago

This article is about what they didn’t tell you or at least didn’t emphasize enough @ first!
Schermafbeelding 2017-08-01 om 13.33.24.png

Someone ones told you about bitcoin.

  • Great!

They used the word “disrupt”.
-I like!

They showed you how to install a wallet on your phone and how to get some.

  • Not so difficult at all!

They told you about the price boom.

  • Interesting!

You what's some youtube, maybe even have an account on a forum en kept up with the shitload of information
coming to you about blockchain, splits, bip's, ico's.. you no what i mean.. if you kept up the last year or so ;)

It's everywhere, even main stream media covers the story of the split @ first!
Overall they lost the interest, butt then then the block size debate began!

If you don’t control your keys during a chain split three main things may happen:

  1. Your bitcoin balance will stay the same and you will be able to use that bitcoin token as usual.
  2. Your bitcoin balance will be zero over night since your wallet chose the wrong chain
  3. Your wallet provider will offer you a chance to keep your token balance on both chains or to choose one of them.

Option 1 and 3 sounds nice.
You think that's what you want right, 1 or better option 3.

But how!


Where do They Stand?

A list of exchanges accepting the new ‘Bitcoin Cash’ token & offer coin-splitting, and which will outright reject it.

  • bestbitcoinexchange.io/segwit-bitcoincash-hardfork/

Choose wisely

For more info: http://www.investopedia.com/terms/h/hard-fork.asp

*not responsible for wins and losses

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