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RE: Upcoming fork: What is bitcoin Interest (BCI) ?

in #bitcoin7 years ago (edited)

Thank you for sharing this! First off, this is awesome news, yet another way Bitcoin and crypto currencies offer a better means of growing your wealth compared to fiat. Second, where did you find this out!? Third, If I understand you correctly, If I hold Bitcoin on January 22nd by 11:59PM then I will be rewarded with an equal amount of BCI? Would holding my funds in Coinbase be considered under this realm of third party, because I know they gave people the BCH for holding BTC back during the summer? On a side note, what are your thoughts about Coinbase as a method for storing the main crypto's?

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hello thank you for interest yeah you will be rewarded equal BCI if you hold Bitcoin on January 22nd by 11:59PM but this estimated time block 505083 is real time BCI will fork and you need to hold fund on supported exchange or to claim your BCI coins after the fork, insert your BTC private key into your BCI wallet. wallet is currently not available, coinbase not supported BCI so if you wanna get it I would recommend transfer fund to supported exchanges, I wont recommend coinbase to store fund because holding fund on exchange sites have some risk like hacking etc. better use blockchain wallet, and here is main site you can check out more information https://www.bitcoininterest.io/

Coinbase is a really secure way to store and buy Bitcoin. But unfortunately when it comes to forks, Coinbase doesn't support any other currency so you will never get new coins. There are wallets that are secure and support forks as well and if I were you, I'd trade your coins to them.

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