Monday, November 12, 2018

How to Double Your Support for KN@PPSTER ... Sort of


So, Bitcoin Cash, aka BCH, aka Real Bitcoin, is coming up on a "hard fork" on November 15.

Without going into the technical details of a hard fork, here's the result:

After the hard fork, there will be two coins where there was formerly one -- and if you own a wallet to which you control the keys, you will have the same amount of both coins as you previously had of the one.

So, for example, when Bitcoin split into BTC and BCH, if you had 1 BTC in your wallet, you subsequently had 1 BTC and 1 BCH.

Now, obviously, the two coins will not subsequently be worth the same as each other. Depending on how the market receives the hard fork, their respective market values will diverge. Using the previous example, the 1 BTC you had in your wallet is, at this moment, worth about $6,400 while the 1 BTC that came into existence due to the hard fork is worth about $530.

Anyway, here's the thing:

If you donate some BCH to me from the right sidebar at this blog, I'll be holding on to it until after the hard fork, at which point I will have exactly as much "Bitcoin ABC" as I do "Bitcoin SV" (at least I think that's what they're calling the two coins).

And if you donate some other cryptocurrency, I'll probably convert it to BCH and hold it until after the hard fork as well. So your donation of X will magically become a donation of X and a donation of X-variant.

So pretty please with sugar on top, if you've been considering throwing some crypto at me, do it now :D

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