RE: Bitshares-UNITED is the better option for the future of BITCOIN

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RE: Bitshares-UNITED is the better option for the future of BITCOIN

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garthfreeman (56)in #btc-u • 7 years ago

Interesting. I think I heard they plan on issuing Bitcoin United to every address that has bitcoin. Is that correct? If so, how is this going to be accomplished: where do I get my free BTC-U?

7 years ago in #btc-u by garthfreeman (56)

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nickeles (47) 7 years ago (edited)

So I believe if you go to @stan profile he explains it in depth about how they are going to basically do a
1 for 1 trade for current bitcoin so you can smoothly migrate all your current over to the new chain.

Not exactly sure on the technical aspect of it but definitely check out @stan for his posts. He has the all the details on his steemit account.

$0.37

11 votes

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cm-steem (67) 7 years ago

Not a trade, you keep your original coins :)

$0.65

3 votes

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garthfreeman (56) 7 years ago

I found it! I thought I'd read somewhere they were going to give it away.
https://steemit.com/bitcoin/@stan/bitcoin-united-btc-u-offers-3-second-confirmations-and-massive-throughput

Relevant portions:

BTC-U will be gifted one-for-one to all holders of BTC at the last unforked “classic” block when the Time of Forking inevitably arrives (we won’t fork it over until somebody else breaks the taboo – then it will happen automagically).

On the day the fork occurs, BitShares will grab a “snapshot” of the state of the Bitcoin blockchain. Shortly thereafter, BitShares will distribute matching BTC-U to every BTC owner on the BitShares blockchain. All you’ll need to do is import your bitcoin keys into the BitShares wallet and claim them!