31 Jul '17, 3pm

Hive Project Statement on Bitcoin Hard Fork

Hive Project Statement on Bitcoin Hard Fork We would like to announce our plans on how we will deal with the hard fork scheduled to occur on 1 August 2017 at 12:20 pm UTC. At this point, the Bitcoin network will be split permanently. This split would result in Bitcoin Cash (BCC) being created, the alt-coin associated with the Bitcoin Cash proposal. This would result in any BTC coins contributed at that time being duplicated in BCC. However, 1 BTC plus 1 BCC is likely to be worth as much as or less than 1 BTC before the fork for at least some time after the event. Therefore we will not recalculate any BTC investments contributed before the fork occurs. As always, deposits at Hive Project will remain open and we will continue to accept contributions in BTC and ETH. If BCC shows signs of long-term viability, we will then make a decision on whether to add BCC to that list. The...

Full article: https://medium.com/hiveproject-net/hive-project-statement...

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