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RE: Bitcoin is FORKED! - What does it mean to Bitcoin users?
Yes I am confused. What does UASF mean and what does UAHF mean?
Does this mean there are new bitcoin symbols you have to buy if you want to pick which bitcoin fork you support? Right now I buy btc will the other two coins 148 and bitmain be something other than btc?
so confused!!!!
Hi Candice, UASF stands for User Activated Soft Fork whereas UAHF stands for User Activated Hard Fork.
As an example, let's say you have 1 BTC and you store it on Bitfinex, an exchange that supports both chains, then you see something like this in your account balance starting from July.
BTC : 1.00000000
BTC-Old : 0.00000000
BTC-148 : 0.00000000
You will be given the option to continue trading BTC as usual for a limited time. Or, convert (split) your BTC and trade on both chains. Assuming that you opt to convert, then your balance will look like this.
BTC : 0.00000000
BTC-Old : 1.00000000
BTC-148 : 1.00000000
Hope this helps.
Let me add that you won't see Bitmain's BTC in your balance because so far, no exchange supports it.