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PaperclipPerfector  3mo ago (text post)   3549 thread views

Small-Scale Question Sunday for June 2, 2024

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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Thanks for the reply.

BCH isn't worth much now. $461 for each. Probably worth bothering with for me, but the other forks seem to be worth much less.

Wikipedia: The following is a list of notable hard forks splitting bitcoin by date and/or block:

Bitcoin Cash: Forked at block 478558, 1 August 2017, for each bitcoin (BTC), an owner got 1 Bitcoin Cash (BCH)
    Bitcoin SV: Forked at block 556766, 15 November 2018, for each Bitcoin Cash (BCH), an owner got 1 Bitcoin SV (BSV).
    eCash: Forked at block 661648, 15 November 2020, for each Bitcoin Cash (BCH), an owner got 1,000,000 eCash (XEC).
Bitcoin Gold: Forked at block 491407, 24 October 2017, for each bitcoin (BTC), an owner got 1 Bitcoin Gold (BTG)*

For me, eCash, Bitcoin SV and Bitcoin Gold are probably not worth bothering with, unless it's easy. And I don't know if I got any Bitcoin SV or eCash, considering I didn't "claim" my Bitcoin Cash or whatever beforehand; not sure how that works. My Bitcoin Cash, I'd probably want to bother with getting, unless I have to risk my BTC balance in the process.

Not sure how I'm gonna do all this though. I don't even have a seed/recovery phrase. Just a multibit wallet.

The above isn't really right. If you owned Bitcoin before the Cash split, then you own the Cash as well, no actions post-split on the regular Bitcoin blockchain can affect it at all. To access it, you need to get a Bitcoin Cash wallet. You should be able to get a Cash variant of whichever Bitcoin app you are using and initialize it with the same key info that app is using.

If you're not into Cryptocurrency speculation, the simplest thing to do with it is send the Cash to an exchange that supports it, exchange it for regular Bitcoin, and send that Bitcoin back to your local wallet. Or set up a new Bitcoin wallet with the latest stuff, send your regular Bitcoin from the old wallet to that, as well as the Bitcoin you exchanged the Cash for.

I'm not a lawyer anywhere and have no idea what country you're in, so I have no idea what the legal or tax implications of doing this are. In a public forum and in the absence of any more detailed information, I can only suggest that you consult with a local lawyer and follow the law.

Yeah, thanks. I was able to claim my bch through importing the key into Electron Cash (after transferring the btc out to a more secure new wallet first).

Mind if I PM you?

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