There’s a strange new twist in bitcoin’s “civil war”—and a way to bet on the outcome
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So a lot of you must be confused by this Bitcoin Cash hard fork, if you want to understand the what it is, I suggest reading this great write up by Jimmy Song Bitcoin Cash: What You Need to Know. Many suggest to withdraw your BTC to your local wallet, later put it in a BCC compatible wallet and redeem your BCC after the fork, this is my suggested method as well.
It is almost an unanimous decision that the community will simply dump this "shitcoin" after the fork, but by then it might be too late, ppl will swarm in and try to cash out this free money as fast as they can, network congestion will be insanely high, by the time its your turn it might be worth next to nothing! But you do have other options today. The caveat is that they will freeze your BTC till after the hard fork. How it works is what to do with bitcoins before august 1 so. After UAHF activates at Many are hesitant to do this since it requires freezing your BTC for a period of time, I did a lot of background checks on ViaBTC since I've never heard of them and found very few user feedbacks.
They do have a lot of hashrate 4. That doesn't necessary make the exchange credible but it does show that they have some scale. So I decided to experiment with a fraction of my BTC and test this out. Repeat the process until I'm completely depleted of BCCs from the diminishing returns. So let's what to do with bitcoins before august 1 this. So after exercising the above experiment, I'm end up with 3. You have completed some achievement on Steemit and have been rewarded with new badge s:.
Award for the number of upvotes received. Click on any badge to view your own Board of Honor on SteemitBoard. For more information about SteemitBoard, click here. If you no longer want to receive notifications, reply to this comment with the word STOP. By upvoting this notification, you can help all Steemit users. BTC is already a relic. BCC has little more of a future ahead.
How it works is like so 1. So let's experiment this So after exercising the above experiment, I'm end up with 3. Authors get paid when people like you upvote their post. You have completed some achievement on Steemit and have been rewarded with new badge s: Award for the number of upvotes received What to do with bitcoins before august 1 on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here If you no longer want to receive notifications, reply to this comment with the word STOP By upvoting this notification, you can help all Steemit users.
