CoinDesk·4 min read·medium

Bitcoin holders risk losing real BTC if they sell coins from BIP-110 fork, says developer

S
Shaurya Malwa
Bitcoin holders risk losing real BTC if they sell coins from BIP-110 fork, says developer
AI Summary

A proposed Bitcoin software update known as BIP-110 could trigger a blockchain fork, creating a risk of replay attacks for users who attempt to sell their new 'forked' coins. Developers warn that selling these coins could inadvertently authorize the transfer of the user's actual Bitcoin, leading to potential loss of funds.

Here is how it goes. Bitcoin may split into two chains in the next few days. If it does, everyone who holds bitcoin ends up holding the same balance twice, once on each chain. Then someone offers to buy the new coins at an unusually good price. They look like free money, so selling them can seem like an easy win.

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