Re:Bitcoin Cash Soars to $700, Coinbase Customers Threaten t...
by thaumasiotes on Wednesday August 02, 2017 @01:09PM
(#14912467)
> As I understand it, each BTC also became a BCC at the time of the fork, and owners can now decide on which network they want to use these units (CB users are not technically owners though). No free BCCs were distributed.
No. Each BTC also became a BCC at the time of the fork, and now exists independently on both networks. Owners are free to use them on each network. That is the concept of a fork -- it's an intended double spending attack. There is no such concept as "moving 1 BTC to a BCC wallet". Moving BTC means a transaction on the BTC blockchain. Moving BCC means a transaction on the BCC blockchain.
No. Each BTC also became a BCC at the time of the fork, and now exists independently on both networks. Owners are free to use them on each network. That is the concept of a fork -- it's an intended double spending attack. There is no such concept as "moving 1 BTC to a BCC wallet". Moving BTC means a transaction on the BTC blockchain. Moving BCC means a transaction on the BCC blockchain.