Bitcoin hard fork is close ,what should we do!?!?
Bitcoin payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants� bank accounts daily. As these services are based on Bitcoin, they can be offered for much lower fees than with PayPal or credit card networks.
I highly recommend that you pull all your Bitcoin from coinbase and put it in a private wallet where you control the keys.
conclousion
Exchanges and gatekeepers actually have not to be worried about what will happen on or after August, 1th.
They will, again, profit from it in any case.
Ask yourself if this is the new wonderworld you want to live in.
What is the difference to banks if they make the rules?
Ask yourself if you really want to keep using services like Coinbase, if they keep what is yours, without announcing they don´t use it for theirself.
From my perspective moves like this are a sign that I can not trust them. It´s just nasty if they keep what is yours.
And, ask yourself if YOU want to support any fork.
They just bring insecurities into the crypto market.
If this hardfork initiators think they do it better then the mass and if they don´t follow the democratic choice of the community, then they can do their own thing.
But from the scratch, starting with 0 balance on that fucking "new" blockchain.
I'm going to convert some of my altcoins BACK to Bitcoin just so I can get equivalent amounts of Bitcoin Cash on Bitfinex :) They are supporting both coins
yeah , follow me for follow , lets help each other to grow if you liked!
best of luck!
I think the fork is to diversify and give BTC and crypto more longevity and speed of transaction.
Coinbase already said that they will not support BCC for now.
But if BCC ends up being worth even a small fraction of BTC, Coinbase will benefit greatly from all the BCC THEY will be holding. Coinbase will, in that case, profit at the expense of their own customers who will get no BCC upon the August 1st split. I won't hold my breath waiting for Coinbase to return any of that value to those customers.
yeah , follow me for follow , lets help each other to grow if you liked!
best of luck!