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RE: Bitcoin Unchained - The Platform Independence Movement
So will my old BTC be held as collateral in a similar way to bts/heros?
No, this BTC-U token isn't a proposed 'Market pegged asset' like hero is, BTC-U would be an 'user issued asset' which would be sharedropped against existing BTC holders.
Surely it could not be as easy as own bitcoin and you will get free BTC-U.
Yep, it's as simple as holding your BTC in a wallet where you control the keys (during the snapshot period) then importing your keys into the Bitshares wallet at a later date when the sharedrop has been performed & you'll be able to access your BTC-U tokens.
Perfect response.
I am realizing more and more that this fork is actually a great thing for investors. Getting free alts out of thin air :)
BCC futures already trading at $400 with an ATH of $800 or so.