For those who own/owned any bitcoin back in August, 2017, you are eligible for Bitcoin forks worth about 20% value of the BTC you had
No, this is not a scam. No, you don't lose any of your bitcoins. This is completely free money. If you owned 1 BTC and held it on August 1 2017, Oct 24 2017, and Nov 2 2017, you basically get $3000 in total for free. If you owned less than 1 BTC, you still get a proportional amount for free. First of all: What am I talking about? Those more involved in cryptocurrencies will be aware of the wave of Bitcoin forks that had occurred in the past half year. Essentially, some developers have decided to create their own coins that split off from the Bitcoin blockchain. Some of the bigger emerging forks are Bitcoin Cash (BCH), Bitcoin Gold (BTG), and Bitcore (BTX). They all have value, and all bitcoin holders from specific dates are eligible for these fork coins. Here is the eligibility criteria:
If you held Bitcoins on August 1st, 2017, you are eligible for the same amount of Bitcoin Cash. For example, if you owned 1 bitcoin on August 1st, even if you don't have it today, you are eligible for 1 bitcoin cash (BCH/BCC is worth $2700 each right now).
If you held Bitcoins on October 24 2017, you are eligible for the same amount of Bitcoin Gold. 1 BTG is worth $277 right now.
If you held Bitcoins on November 2 2017, you are eligible for half the amount in Bitcore. 1 BTX is worth $25 right now.
How do I claim my free cryptos? First of all, if you have a bitcoin address that qualifies for 1, 2, or 3 of the coins, you should obtain that address' private key. The way to do so depends on how you have your bitcoin stored. Feel free to ask me about individual scenarios.
I HIGHLY recommend you to move any remaining bitcoins in the eligible address OUT of that address and into a new bitcoin address. This is because you will be sharing your private key right after this, and you obviously don't want to have your bitcoins stolen.
An easy way to claim all three coins is the Coinimi wallet (Android only). Download this app.
Add the coin wallets into Coinomi: BitcoinCash, BitcoinGold, and Bitcore.
To claim the free fork coins: Select one of the cryptos in Coinomi, then select the three dots on the top right. You should see an option called "Sweep wallet". Select that and input the private key of your eligible bitcoin address (make sure you've emptied it by now). You should instantly get the forks coins. Repeat for the other two fork coins.
What to do with your free coins: You can either hold on to these free coins, or trade them for other cryptocurrencies/money. I highly recommend Binance (referral l non-ref) as an exchange for Bitcoin Cash and Bitcoin Gold.
If this has been helpful, feel free to donate a little of your unexpected earnings to me. BTC/BCH:17RzjHhbUxNjnJ13KkrLV4kNXn6Lpu2hcT BTG:GPL8H7yXtYfwk5hjgJ4TxP4VPrD8xZHX39 ETH:0xd41b8dFfbd3C8878E5fE8Cc1a7A90410A05EDB8C
A cryptoforker's guide to free money - Part 1 (The holy ymgve script + what and where to exchange)
EDIT: a new version of this guide, multilingual and featuring a wallet checker (input your IP, see what you can fork and how much it is worth) is available at https://cryptodom.org
Hello my lovely forkers! A while ago I made a post A cryptoforker's guide to free money - Part 2 (Coinomi, Bither, Bitpie, Walleting Services) where I explained how I used a combination of COINOMI and BITPIE (together with DIG WALLETING SERVICES) to get hold of most forked coins - And then how I sold them (main sites used: GATE.IO / BTCTRADE.COM / BIT-Z.COM / EXRATES.ME / COINEX.COM). Please refer to that for the instructions regarding Bither and Coinomi. QUICK NOTE: If you are a seasoned forker, just look at point 4 and see if your pokem… I mean fork coins collection is complete :-p / If instead you are a total newbie, remember you can just do the “PREPARATION” part and then claim through DIG WALLETING (affiliate link: https://dig.walleting.services/#/aff/o5YP75ALDORdaAbmrJJx NON affiliate link: https://dig.walleting.services/# ) if the process is too hard/long/risky - these guys are reliable and provide a great service, especially for those who have a plethora of transactions and would need to hunt down every last key manually - they have a Reddit, too: you can reach them at Walleting_Services . BEFORE YOU START: What is a fork? Is it really free money? Imagine you had a bank account at BTCbank and a card for it. Tomorrow BTCbank splits and half of its branches become BTC2bank. Nothing changes for you as a client of BTCbank, however there is something you can now do. You can move your money from your BTCbank account to a new BTCbank account, in practice making the card for your former account useless in the BTNbank branches but… NOT IN THE BTN2bank branches! So you can go there and get the equivalent of what you had in “free” money. Nothing illegal, nothing shady, no bugs or exploits: it’s all there by design. Keeping with the example though, it should be specified that you must have the “card” of your BTCbank, which in this case is a private key. If you have your BTC stored on papehardware wallet or anywhere else where you are in direct control of your private keys, well done! Those keys are your BTCbank card(s). If, on the other hand, you held your money on an exchange (Binance, Bitfinex, Bittrex, you name it), then your only chance is to wait and hope that the exchange decides to support the coin and gives you your share. It’s not impossible but it introduces a middleman. It’s like you are asking your uncle to have an account in his name at BTCbank and there is no guarantee that uncle will go to a new branch of BTNbank2 and use the card trick to get the free money and give it to you, no matter how much you ask him to. He could do it, he could not: it’s uncle’s call. PREPARATION: First of all, a question: are you after the fork money to exchange it yourself or do you just want to claim it but want someone else to do all the exchange part for you? If you want to squeeze every last bit out of it, get ready to sign up to a few Chinese exchanges! You might as well do this now before you start, otherwise you’ll get stuck at the cashing part. Same goes for the script. No target address, no script. I warned you :) Anyway, here’s the list: • GATE.IO • BTCTRADE.IM • COINEX.COM • EXRATES.ME • TRADESATOSHI.COM • BIT-Z.COM My personal favourite is GATE.IO, despite the 60 confirmations (up to 14 hours), but they all helped me one way or another, and most importantly they all allow withdrawal (BTCTRADE.IM wanted verification papers, the others didn’t). Also, make sure to have Coinomi, Bither and Bitpie installed on an Android phone. STEP 1 - THE GOLDEN RULE Just like in the previous post, let me start off by warning everyone: what are you about to do is dangerous. You could lose your bitcoins. Are you scared? You should be, cause the threat is real. Nobody wants to lose 1 BTC to try and claim a few tens/hundreds of dollars, right? So, first and foremost, make sure that you MOVE your coins from wherever they are (ideally, an offline wallet like a ledger or a trezor), and then, once the wallet is empty, feel free to play around with its private keys, that will hopefully show some transferrable balance at the time of the fork. STEP 2 - GETTING YOUR KEYS - https://iancoleman.io/bip39/ For getting the keys, this is your number one option - with an offline version for paranoid available, no less. Use the seed (those 24 words in the case of ledger, for example) and after the calculation go get your keys in the chart at the end of the page. In case you have segwit addresses or special scenarios (like a wallet with a lot of operations over a long time), getting the keys, or the “right” keys, might take a while. Anyway: let’s look at the first line of the chart. In the first column you will find the address: copy and paste it onto https://blockchain.info/ and press enter to get the transaction history for that given address. Let’s suppose for the sake of this example that our address shows 2 transactions: one inbound for 2 BTC 1 year ago and anther one for the outgoing BTC 5 minutes ago (because before we started this we DID move them out, right?!?). What that means is that at the time of the forkS (in this case we’d get money from most of them) we had 2 BTC on that address. Great, so it’s loaded, and we need its key. Let’s go back to the chart on line one and let’s have a look at the third column: this is our private key. We will use it later to sweep or import in the various method outlined. STEP 3 - THE SCRIPT - https://github.com/ymgve/bitcoin_fork_claimer If you have ben around this subreddit long enough you surely read about the script… And spared a tender thought for ymgve who made this possible. Yet, no one really explains properly how to use it. Unfortunately I do not have the time to explain how to get python installed and running on a machine, you will have to figure it out on your own. Same goes for the fact that you might need to write “py” or “python” before the actual “claimer.py (…)” command. Let’s say you somehow get ready to run the script - now you do have a series of examples on the github page, but they are not so easy to understand for the uninitiated. Here is the relevant quote: In blockchain.info mode it uses the blockchain.info API to query and validate information about the transaction you're spending from. This only works for transferring/claiming coins that existed on the BTC main chain pre-fork. SYNTAX: * claimer.py
TL;DR: CoinPolicy wants to bring clarity to the crypto space. Crypto has huge issues regarding the quality of token supply data available, we'll fix that - and we want you to help. Subscribe to our subreddit if you want to be kept in the loop (private beta, etc). -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Long story: As many of you might already know, getting reliable data in the crypto space is a major issue. Information asymmetry is the name of the game: know the "right" info & you will succeed; miss the "right" info & you will lose. Two pillars of the crypto space are:
Market Capitalization (Market Cap). It is calculated by using 2 variables: token supply & traded token weighted average exchange price.
Monetary Policy whether inflationary, deflationary or else. It is calculated by using 1 variable: the change of circulating supply in a given timeframe.
Coin Policy was created to make sure we get the highest possible quality of data for the first "variable": token supply. We are doing this in a more transparent manner than usual, always publishing on Reddit all the results of the research done for each coin. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Token supply issues reported by various projects:
Note: the below links are mentioning CMC (CoinMarketCap.com), but this is an industry-wide issue (not specific to CMC only).
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