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So, as long as I hold on to the bitcoins I bought before all this madness started I should be safe? Like when in a few years some fork is the declared winner, I
by splitbrain 9y ago
So, as long as I hold on to the bitcoins I bought before all this madness started I should be safe? Like when in a few years some fork is the declared winner, I can still just sell my bitcoins on that winner network? (assuming bitcoins will be worth anything after those shenanigans).
- krallja 9y agoDepends how you are holding bitcoins. On another thread, it appeared that Coinbase might be doing something sketchy in the case of certain kinds of forks. https://news.ycombinator.com/item?id=14806636 https://news.ycombinator.com/item?id=14806636
- splitbrain 9y agoI'm holding them in a wallet.dat file of the original bitcoin (full node) client that I haven't started in maybe a year or more. More or less a completely offline stash.
- TheCoreh 9y agoSo you should be safe. Wait for the fork to happen and end, update the client to the "winner" side of the fork, and you'll be able to do transactions normally. What might happen is the coins might lose some market value in the short term due to the hysteria surrounding the fork.
- splitbrain 9y agothanks for the clarification. much appreciated!
- supergreg 9y ago> update the client to the "winner" side of the fork But will the bitcoin client (from bitcoin.org) update to the winning rules or will I need to download it from somewhere else depending on who the winner is?