Our letter to customers regarding the Bitcoin hard fork

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Steve Sokolowski
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Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Our letter to customers regarding the Bitcoin hard fork

Post by Steve Sokolowski » Tue Mar 21, 2017 8:49 am

Dear Customer,

In light of the upcoming hard fork to Bitcoin Unlimited, it is necessary for Prohashing to definitively lay out its stance on the forks in complete and exhausting detail. This letter will describe how we will handle customer funds if a fork occurs, if no fork occurs, if chains are reorganized, if there are more than two forks, if an altcoin takes over, if Segregated Witness is adopted, if Segregated Witness is not adopted, or if Bitcoin merges with Ethereum and transitions to a hybrid coin using proof of stake. Please take note of the following procedures:
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  • Customers who are owed bitcoins at the time of the fork will be paid an equal number of Bitcoin Cores and Bitcoin Unlimiteds.
  • After the fork, we will install Bitcoin Core and customers can choose which coin they want to earn.
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The hard fork situation is complex, and we apologize for the long length of this policy, but we must cover every possible eventuality. Replay attacks are a dangerous situation, and of course, they can't be prevented by simply moving coins to a different address on both forks. It took us twenty days to decide on the names to use for the forks, and we needed to make sure that forked coins expire after a certain date to make as much profit as possible. Finally, we are adamant that the customer is not always right, the market should not be trusted, we know better than you do, and therefore it is important that we limit the choices for our customers so that they are protected against evil and dangerous people who might disagree with us.

Be warned that we may update the two lines of this policy at any time, without notice to anyone, and therefore you should set up a polling bot to recheck this page every five seconds for changes. Thank you for your understanding, and have a great day!
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