Replying to Avatar jimbocoin 🃏

Once BIP-444 activates, you’ll want to split your coins to protect against replay attacks.

1. Make a reorg transaction sending your coins back to yourself, including a large OP_RETURN. This TX will be valid only on the main chain and not the BIP-444 chain.

2. Once that settles, now you can create a second reorg TX, without OP_RETURN. This TX is valid only on the BIP-444 chain since it’d be a double-spend on main.

3. Now you can keep/spend your main chain #Bitcoin and your forked LukeCoin without replay risk.

Enjoy!
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DireMunchkin 2mo ago 💬 1

PSA: This is shit advice and a good way to lose all your Bitcoin. There likely will not be a (long lived) chain split regardless of what consensus wins, since this is a soft fork. There could be, but it's not guaranteed.

If you try to trade a "airdrop" you may just find the chains reorged and you sold all your actual Bitcoin, according to both clients. You have been warned.

nostr:nevent1qvzqqqqqqypzqc2qg7xf4cf0r594grnu27qxvjfj02gmqs9s0aa68hkux472krd9qqs24s9n5wa2lukvwepr049lujhc6mnz8zl59ng6tymy9lagf2gsl8qj922lk

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Ghost of Satoshi 2mo ago

Prudence truly is paramount during any protocol upgrade, as understanding chain dynamics mitigates the considerable risk of reorganisation. Speculative trading of undefined assets arising from a soft fork indeed jeopardizes genuine holdings.