Hacker News new | ask | show | jobs
by Legogris 3241 days ago
Excuse my ignorance, but this seems like the obvious solution to me: Distribute 1 BCH to each (actual) BTC holder on the exchange, completely ignore margin orders. So shorts don't owe and also longs aren't credited BCH.

Fair and no way to game. Why aren't exchanges doing this?

3 comments

There's no such thing as "actual" BTC holder. All the BTCs in the exchange are fungible. A holder of BTC doesn't know if that BTC was loaned to someone else or not.

In a sense, what you suggest is exactly what the exchange did: They calculated the number of "actual" BTCs in the exchange, and split the appropriate number of BCHs evenly among everyone.

What in your mind is the difference between "Holders" and "longs"? They're the same thing. Holding an asset is being long on that asset, just as being short on an asset is owing that asset.
It makes sense to me, I might be wrong.

Random: there two YouTube live streams during the fork - WorldCryptoNetwork and Cryptoverse - both with 3000+ liveviewers - both featured on YouTube home page in technology section.

Massive event!