How will a bitcoin hard fork affect online gamblers?

Discussion in 'General Bitcoin Gambling Discussion' started by BeastyBoy, Mar 24, 2017.

  1. BeastyBoy

    BeastyBoy Member

    I haven't been able to find any information on this even though I think it's something that most btc sports bettors and poker players should worry about. If I have bitcoin in my Nitrogen Sports or BetCoin accounts, what will happen to it's value after the hard fork? Will my coins be on the Bitcoin Core chain or on the Bitcoin Unlimited chain? Will I have coins on both chains?

    I think bitcoin betting sites could do a little more to inform their players about what's going to happen.
  2. 4TheWin

    4TheWin Member

    Hopefully a controversial hard fork won't happen. I have enough problems explaining bitcoin to friends without the added confusion of 2 different bitcoin chains.

    My guess is that one of the chains will quickly die and we will be back to one bitcoin within a couple of days.
  3. Humble Servant

    Humble Servant Active Member Staff Member

    In the event of a hard fork, you need to make sure that your wallet supports both sides of the fork. The old chain and the new chain. Once the dust settles, you can then decide which side has the greater value on exchanges and the most hash power.
  4. Freddy

    Freddy Member

    My guess is that both coins combined will be worth about 30% of what a single coin is worth today.
  5. uglymug

    uglymug Member

    Please invest in a Trezor hardware wallet before August first so that you will own both Legacy Bitcoin and BIP 148 Bitcoin.

  6. Humble Servant

    Humble Servant Active Member Staff Member

    My guess is that if the Sexwit2X hardfork happens in November, many exchanges will probably halt trading for a few days to see what happens. If you want to profit from the airdrop of the 2x coin then be sure you are storing your BTC in a wallet that will offer replay protection.
  7. Humble Servant

    Humble Servant Active Member Staff Member

    The Bitcoin Cash / Bcash hardfork has certainly been good news for CloudBet customers who have just received their free BitcoinCash dividend. This basically means that anyone who had bitcoin in their CloudBet account on August 1 2017, will get the same amount of BCH. Pretty sweet and kudos to the guys are CloudBet for being so honest.
  8. Freddy

    Freddy Member

    did nitrogen sports, betcoin or any of the other crypto sportsbooks payout the dividend?

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