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@siggy47 posed a valid question earlier today, one that I think many have wondered but might be afraid to ask.

I wasn't around for the 2017 hard fork, nor am I much of an expert (those who read my posts should know that.) But I started investigating and below is my summarized 40000ft view (anyone else, please feel free to correct me, mere pleb that I am):

To dump or not to dump, that is the question.
Whether 'tis nobler in the mind to suffer the slings and arrows of outrageous fortune, or to take arms agains a sea of troubles....

Noobs beware. Dumping forked coins is relatively complex and will inherit risk.

First of all, with a chain split your coins are duplicated on two chains, but share the same UTXO.
Dumping a forked coin where there is no replay protection (e.g. bip110 forked chain, of this occurs) first requires 'splitting' the UTXOs because transactions getting 'replayed' = coins get spent on both chains. Splitting utxos may/may not be supported by HWs with their own GUIs. Lastly, be aware of scammers/malware etc, that sell you easy solutions, as always.

Using Sparrow with RBF enabled txs with two different node implementations is one way. Dyor, proceed at your own risk, obvs. It looks like Wicked intends to upload another more detailed tutorial. Timing is of essence here. And liquidity on forked chains has of yet to be determined.

Also, mind you, dumping forked coins on kyc exchanges are great for the statist regimes that want to dox your stack to criminal orgs, since the forked coins will trace back to your stack. There is a pretty good arsenal of privacy tools available for the last problem, but, this is adding complexity now to a process that is already not beginner friendly.

All of this to say, if you play woth shitcoins, you will smell like shit (did I get that one right @DarthCoin?) There will be a cost (txfees, coordinator fees for coinjoins, and most importantly, your time), and who even knows of any exchanges will list these forked coins.

Again, I humbly submit that this is the accumulated wisdom of a few hours research. I'd really like to know where others (hopefully with more knowledge and experoence than me) land here.

I think that the best advice has always been: don't be greedy.

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Noobs beware. Dumping forked coins is relatively complex and will inherit risk.

Right.
You have to put in balance: the effort to be well prepared and knowledgeable doing the redeem and dump or just sit tight and do nothing.

Sometimes the risk to lose all is bigger than getting few more sats.

As I said: these 2 forks will die in few days. "Die" means, the exchange rate will drop really fast in matter of hours.

Also on the other hand, a massive demand to dump the bipcoins will get the real BTC from their hands and all the forkers will be absolutely fucked.

Im strongly recommend to all new to forks to read this old article from Mircea Popescu:
http://trilema.com/2015/if-you-go-on-a-bitcoin-fork-irrespective-which-scammer-proposes-it-you-will-lose-your-bitcoins/

SNnversion here: #835285

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Privacy tools:

#1526793

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The privacy cost is the main issue. Doubt it'll be worth it but if it made sense I'd probably take a week to figure out how to do it safely.

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I will be following this closely as we get closer to the split

I'm currently writing a piece about eCash and my position is currently:

I will be doing nothing, and by default I will not be dumping anything

As far as I see it, this is a free addition and come what may in regards to fiat exchange rate, this ecash thing has intrigued me

If the biptards fork off aswell, I will have to evaluate my decision then, as that does not intrigue me at all

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You’re right about the privacy and security tradeoffs given there’s no replay protection.

Bcashjr appears to be so worthless that no exchanges will even list it, so it’s just not worth the potential fallout to dox your utxos or fuck something up by getting replayed.

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My plan is to sorta follow the crowd on stacker news. I'm sure someone will publish a good how-to guide on how to securely and privately dump your fork coins

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10 sats \ 0 replies \ @bonkk 22 Jul -30 sats

I'll probably just stick with Bitcoin and call it a day.

1 sat \ 0 replies \ @Etson 22 Jul -30 sats

Chasing every fork sounds exhausting.

1 sat \ 0 replies \ @bonkk 22 Jul -30 sats

Feels like more hassle than it's worth..

1 sat \ 1 reply \ @PepeFan 22 Jul -30 sats

Sometimes the juice just isn't worth the squeeze.

53 sats \ 1 reply \ @BlockSmith 22 Jul -130 sats

The technical risk alone is enough to make me pass.

243 sats \ 3 replies \ @justin_shocknet 22 Jul -489 sats

Bipcoin won't even be as valuable as Bcash was so probably not even worth the effort to try and dump