I see thanks.
So will my old BTC be held as collateral in a similar way to bts/heros?
Surely it could not be as easy as own bitcoin and you will get free BTC-U.
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I see thanks.
So will my old BTC be held as collateral in a similar way to bts/heros?
Surely it could not be as easy as own bitcoin and you will get free BTC-U.
No, this BTC-U token isn't a proposed 'Market pegged asset' like hero is, BTC-U would be an 'user issued asset' which would be sharedropped against existing BTC holders.
Yep, it's as simple as holding your BTC in a wallet where you control the keys (during the snapshot period) then importing your keys into the Bitshares wallet at a later date when the sharedrop has been performed & you'll be able to access your BTC-U tokens.
Perfect response.
I am realizing more and more that this fork is actually a great thing for investors. Getting free alts out of thin air :)
BCC futures already trading at $400 with an ATH of $800 or so.
That's it. A free coin drop on all bitcoin holders (who have their keys locally, not on an exchange) or the exchange will get them.
Do you know, that real bitcoin is also backed by the cost of its creation - which is big? How does it compare to BTC-U?
That is a myth. BTC is backed ONLY by demand for it. If there is no demand, it has zero value no matter what it cost to create.
They are literally wasting hundreds of millions on electricity that could go into funding useful work. Think of that!
Miners won't sell at 0 value if the cost is much higher. Anyway, market will verify if BTC-U has anything to do with real Bitcoin.
By the way, other are also trying to make money on naming their alt-coin Bitcoin.
https://steemit.com/bitcoin/@cardboard/bitcoin-segwit2x-update-war-incoming
Precisely. We aren't going to offer this upgrade unless there are multiple candidates already. If there are multiple candidates, why not have the best be one of them?