Bitcoin Fork! How to prepare>

in bitcoin •  7 years ago 

Hi, I am writing this a short article for the benefit of the non-tech people who want to know in simple English how to protect their Bitcoin come August 1st. I hope the following questions will generate some simple answers from the Bitcoin community .

Questions.

Does the fork affect my coins if they were bought before August 1st and kept in an off line wallet such as the Trezor?

Will I be able to use these coins, from the off line wallet , to trade in the BIP-148 after August?

If I am a long term holder, keep my Bitcoin in off line wallet like the Ledger wallet, and don't intend to sell any Bitcoin for at least a few more years. Is there anything I need to do?

When I want to buy Bitcoin after August 1st. What should I be careful about?

How do I get control of my own keys for your wallet?

How do you validate your Bitcoin? (Consensus rules of the net work)

I hope this creates some basic answers I can share.

Please remember to make the comments in simple English.

Cheers!Screen Shot 2017-07-04 at 1.20.32 pm.png

bitcoin hard-fork crypto currency
7 years ago by

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      ·  7 years ago 

    I do need this information

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        ·  7 years ago 

      I know! Share it so we get some comments.

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          ·  7 years ago 

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            ·  7 years ago 

          Hey there, we have a pretty strong Team Australia community going here on steemit to support each other. If you'd like to be part of it, then please check out this link: https://steemit.com/teamaustralia/@choogirl/team-australia-new-recruits-update-11-07-17-a-challenge-is-coming

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