Bitcoin Hard fork or Bitcoin split:
Sometimes I randomly work up to people and ask "Sir/ma! have you heard of Bitcoin"?
You'll be amazed at the various responses: Mostly it's as simple as 'No, what's that?' Some other times, it's 'Yea, but I don't really know much about it' and at some awkward times it's 'No, is it like MMM' (No ma! It's NOT!!!) And... here comes the biggy, 'Yes! Is it not that stuff that's like MMM'
Hhmmm... There seems to be a particular school of thought that 'knows everything but, actually know nothing'; 'the know-it-all group', you know, 'the I. T. K'...
Everyone is a novice at one point or the other! So, simply admit, 'No, I don't know what that is' No one will beat you... (After all "you're in ur house").
Anyways, back to our topic 'Bitcoin Split'.
First, what's Bitcoin?
Bitcoin is a cryptocurrency or Digital currency that's been accepted as a legal tender. It's like Dollars and Euros but, you can't touch, smell or feel it 'cos it's 'digital'.
Now, what's Bitcoin Split?
Bitcoin split or hard fork is a process whereby Bitcoin splits to form a new coin known as Segwit2x.
How's this Information relevant???
Because your money will double!
So, if you had $7,000 worth of Bitcoin, you'd have $14,000 worth of bitcoin after the hard fork. That's as simple as that!
... How?
After the hard fork, you'll have the same amount of Segwit2x as the Bitcoin amount in your wallet. So, if you had 1 BTC in your wallet, you'll have 1BTC and 1BTC2.
(BTC = Bitcoin, BTC2 = Segwit2x).
When is this split expected to happen?
Nov.14, 2017!
Although, most exchanges will stop buying, selling, and exchanging of bitcoin a day to that day...
So, what should I do?
Go buy some bitcoin... OK! Go read about 'Bitcoin Hard fork' online then, Go n Buy some bitcoin!
Chris (Krs)
The Bitcoin-guy
