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Many people are interested right now in gathering up their BSV coins and dumping them on exchanges. Bittrex has just opened deposits however there is a big caveat:
If you attempt to dump your BSV coins onto an exchange like Bittrex, and you have not properly split the coins, a replay attack could result in permanent loss of your (much more valuable) BCH!!!
For this reason it is essential that you split your coins and verify that the coins are split.
Electron Cash ( https://electroncash.org/ ) is the de-facto wallet for coin splitting since it allows you to connect to both BCH and BSV chains, simply by selecting a different server in the Network dialog.
Important: do not make a separate wallet in Electron Cash and send your coins from another wallet. This transaction might fail to replay, though this failure to replay could be temporary and leave your coins in a dangerous state where replays could happen at any time. Instead, you need to load another copy of your wallet in Electron Cash.
We will start by importing your wallet seed into Electron Cash.
Create new wallet. "I already have a seed". For BIP39 seeds (see below) click Options button to enable BIP39 seed, and then enter the path on the subsequent page.
Try to set up your hardware wallet in Electron Cash. This lets you transact on both BCH and BSV chains even if the official software for your hardware wallet (such as Trezor's) does not support this.
Although there are tools (like my special variant release of Electron Cash) for making split guaranteed split coins from scratch, there are easier ways. In particular if you can get a small 'dust' split coin from someone else, then you can leverage this to rapidly split your whole wallet. I recommend following Calin's guide here.
Calin's guide also has instructions on how to select BCH and BSV servers, so it's a good read regardless.
There are some cases where a BCH transaction fails to replay initially but then later gets replayed. This could mean that your initial 'dust' initially looks like a split coins but is not, and the replay protection is faulty. For this reason, you should also make a conflicting transaction on the BSV chain, by spending at least one of the same transaction inputs back to yourself.
With threats of block re-organization attacks floating around, you should wait several confirmations to make sure the splitting 'sticks' and is effectively irreversible.
Visit these two block explorer sites and enter the transaction IDs of both your BCH splitting transaction, and your BSV conflicting transaction:
BCH explorer: https://blockdozer.com/
BSV explorer: https://bchsvexplorer.com/
On each site enter both transaction ID's. You want to ensure here that transaction A is only on BCH chain, and transaction B is only on BSV chain.
If you have failed to split, then one txid will be on both chains. If this happens, don't worry! You can just go back to step 2 and try again.
Now that your BSV is split from BCH, you can send it whereever you want without fear if having your BCH accidentally dragged along with it.
I cannot provide any advice on what you should do, financially, with your BSV coins. Good luck, and stay smart!
Unless you have been living in an isolated remote island somewhere you may have heard that the Crypto community has been at odds, the market has reacted, lines have been drawn and shots fired.
It turns out the ghosts in the Crypto past must be dealth with.
https://i.redd.it/f892f6ktl8z11.jpg
Any CryptoCurrency project is inadvertently connected to the rise and fall of Bitcoin. While on one hand, this is a positive metric to gauge the health of the overall Crypto Market, in the short term this lends an increasing layer of volatility that is directly hurting competing currencies and projects.
Unless your ecosystem or community can adopt a sustainable use - your project will eventually run out of money and die.
Imagine something like an ego fight between to Crypto Giants crushing the work of others who are not even related to Bitcoin and BitcoinCash. It's a very real reality of the day to day work of many.
As Technology evolves it regresses into natural human behavior- the CryptoCurrency boom is no different. At present it has become a race for utility and adoption in the face of fortunes being created or wiped out overnight.
Sadly this deft undertaking has lent many a late night of high blood pressure insomnia - I myself can attest to it.
We have to pay attention then to the world outside our bubbles and the narrative that the external world out beyond our crypto universe recognized and reacts too.
-Kevin Leversee
#SUP
#SuperiorCoin
#Kryptonia
#Kblog
I got the following from = https://www.newsbtc.com/2018/11/15/brian-kelly-bitcoin-cash-hard-fork-caused-crypto-civil-war/
The cryptocurrency market is experiencing a downward momentum because of Bitcoin’s dominance (52.7 percent, according to CoinmMrketcCp.com) and very thin trading in most digital assets. Meltem Demirors, CEO of cryptocurrency research firm CoinShares, told CNBC that some investment funds have taken “some money off the table” after a number of events piled up.
“I think all other assets that are not Bitcoin are in the midst of a liquidity crisis. What we’re seeing across the board is asset prices are down 75 percent or more, in some cases 95 percent. We’re now at a point where projects are running out of money. They’re going to need to start firing employees. They’re going to need to cut costs. You’re going to see consolidation, and some of these assets, inevitably, will get marked to zero.”
Taking into consideration the latest events in the market, namely, rapid drop of bitcoin price to $5500, there’s a relevant question – is creating a project in this area worth it now? Maybe, FortFC won’t succeed because of this.
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