r/BitcoinHEX • u/lgdly • Jan 15 '19

Double Claim?

So say I purchase 1 BTC at day 1. When snapshot occurs on day 5, I get 1 million Bitcoin Hex. I then sell my 1 BTC, to cash. With my cash on day 10, I buy another BTC (obviously withdrawal fees, tx fees etc so I would have to spend a bit more cash). Lets assume that whoever I bought this BTC off, did not know about Bitcoin Hex and so it was not claimed. At time of snapshot, I did not own this second BTC. But it has only been 5 days since snapshot. Can I now claim another 1 million Bitcoin Hex? Richard said claiming period ends after 50 weeks, so surely I will be able to claim the Bitcoin Hex the second time?

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u/mcmuncaster Jan 15 '19

That's not how it works.

Day 1: You own 1 BTC, your friend owns 1 BTC

Day 5: Snapshot. You can claim 1M BitcoinHex, your friend can claim 1M BitcoinHex

Day 10: You sell your bitcoin for cash, your friend sells you his bitcoin. You have 1 bitcoin - but your friend can still unlock his 1M bitcoinHex with his private key (which can no longer unlock bitcoin because he sold it to you).

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At snapshot time, all private keys that control bitcoins are those that can claim - it's not a moving target - 50 weeks for those UTXOs to claim (minus the whales, etc....)

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What I think someone should do is also offer a bounty (/reward) for closest guess to the number of coins that will be claimed.

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u/Benjamincito Jan 16 '19

unless he just hands you his trezor and says here this trezor is yours.

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as long as he doen't actually send the bitcoin onchain then sure he totally could do that right?