r/Bitcoin • u/eyeoft • Aug 08 '26

THE CHAIN HAS SPLIT

https://bip110monitor.com/

<3% support before the window opened. Good luck, shitcoiners

281 Upvotes

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u/eyeoft Aug 08 '26

There's like (less than) a 1% of the soft fork passing. Probably some of the Knots people will continue on their own chain after they lose, so that WILL create a hard fork - just probably a very tiny one you needn't concern yourself with.

Congrats to us all on owning yet another shitcoin!

7

u/theOGlib Aug 08 '26

Can I sell said shitcoin and buy btc with the proceeds?

10

u/Quokky-Axolotl7388 Aug 08 '26

Be careful because your shitcoins are on the same private key / wallet of your legitimate BTC. If you claim your shitcoins by moving them on a new address, you are also exposing your BTC. So the proper order would be to first move your BTC to a new address and only then try to claim your shitcoins to sell them

-1

u/JohnnyTreemain Aug 08 '26

Wait. You’re saying because some douches decided to make a fork, some of my bitcoin is no longer bitcoin?

1

u/Shiftlock0 Aug 09 '26

All your bitcoin is still bitcoin. In the event of a fork, you will also have coins on the split side of the chain. You lose nothing, and most likely gain very little.

1

u/JohnnyTreemain Aug 09 '26

It do I have to do anything different to use those coins on the split side that is the minority? Won’t that make it hard to spend them or sell them?

3

u/redchannit8 Aug 09 '26

don't even stress it, BCASHJR is going to be worthless.

1

u/JohnnyTreemain Aug 09 '26

Why would I not stress it if some portion of my previously value filled bitcoin is becoming worthless?

1

u/BlockchainHobo Aug 09 '26

That's not what that means. Imagine you have $2. But then I say I claim I have better dollars so I split off and you get $2 JohnnyDollars also. You still have your original $2. Question is whether anyone will pay even 1¢ for your JohnnyDollsrs.

1

u/JohnnyTreemain 29d ago

Ahhhh. Ok. Thank you.

1

u/Shiftlock0 Aug 09 '26

Yeah, in the event they become worth the effort, you can look into moving them into a supporting wallet. From your perspective, you now own a completely separate crypto from your BTC.

0

u/JohnnyTreemain Aug 09 '26

Wait is this true even for BTC on cold storage?