*BITCOIN HARD FORK*

in bitcoin •  7 years ago 

Bitcoin Hard fork or Bitcoin split:

Sometimes I randomly work up to people and ask "Sir/ma! have you heard of Bitcoin"?
You'll be amazed at the various responses: Mostly it's as simple as 'No, what's that?' Some other times, it's 'Yea, but I don't really know much about it' and at some awkward times it's 'No, is it like MMM' (No ma! It's NOT!!!) And... here comes the biggy, 'Yes! Is it not that stuff that's like MMM'

Hhmmm... There seems to be a particular school of thought that 'knows everything but, actually know nothing'; 'the know-it-all group', you know, 'the I. T. K'...
Everyone is a novice at one point or the other! So, simply admit, 'No, I don't know what that is' No one will beat you... (After all "you're in ur house").

Anyways, back to our topic 'Bitcoin Split'.

First, what's Bitcoin?
Bitcoin is a cryptocurrency or Digital currency that's been accepted as a legal tender. It's like Dollars and Euros but, you can't touch, smell or feel it 'cos it's 'digital'.

Now, what's Bitcoin Split?
Bitcoin split or hard fork is a process whereby Bitcoin splits to form a new coin known as Segwit2x.

How's this Information relevant???
Because your money will double!
So, if you had $7,000 worth of Bitcoin, you'd have $14,000 worth of bitcoin after the hard fork. That's as simple as that!
... How?
After the hard fork, you'll have the same amount of Segwit2x as the Bitcoin amount in your wallet. So, if you had 1 BTC in your wallet, you'll have 1BTC and 1BTC2.
(BTC = Bitcoin, BTC2 = Segwit2x).

When is this split expected to happen?
Nov.14, 2017!
Although, most exchanges will stop buying, selling, and exchanging of bitcoin a day to that day...

So, what should I do?
Go buy some bitcoin... OK! Go read about 'Bitcoin Hard fork' online then, Go n Buy some bitcoin!

Chris (Krs)
The Bitcoin-guy

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @okejimchris! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Amazing! What a nice way to push one into creativity. #Mybadgeofhonour#

Nice post! I will follow you from now on.

Wow! Thank you. Meeeehn can't believe this was actually 3 years ago...

Congratulations @okejimchris! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:

SteemitBoard knock out by hardfork

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @okejimchris! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!