Satoshi trading for friends and family since 2009 call +44 0207 193 3604 : Summer update

Thursday, July 27, 2017

Summer update

We would like to take this opportunity to thank all friends and family for supporting satoshi trading and to let you know our plans for the upcoming weeks as we navigate any potential disruptions on the Bitcoin (BTC) network. As always, our focus will continue to be on the safety of your funds. In the event of a User Activated Hard Fork (UAHF) on 1 August or thereafter, it is important to clarify that Bitstamp would not be in a position to support Bitcoin Cash (BCC), the coin associated with the Bitcoin Cash proposal. In our view, BCC is an alt-coin and the decision to list BCC tokens remains at the exchanges sole discretion at all times.

If the exchanges chooses to list BCC, we would decide at our own discretion on what course of action to take with balances deriving from the hard fork. BCC would also be subject to the same due diligence processes as for any other alt-coin, which requires time and careful planning. For these reason, the exchanges may not in a position to support BCC, nor will exchanges be liable for any BCC sent to them.

As always, the safety of your funds remains our number one priority. To this end, as a security precaution, we will be disabling your deposits and withdrawals on 31 July 2017 at 23:00 hrs UTC to ensure that all BTC funds stored at exchange remain secure. Trading will remain unaffected throughout. Deposits and withdrawals will be resumed only when we deem it safe and prudent to do so.

We will leave it to you to decide whether to withdraw your BTC funds from from the exchanges prior to this cut-off date if you would like to access BCC or any other hard fork, and the exchanges shall not be held liable for any consequences of that decision, from neither a financial, operational nor regulatory standpoint.

To be clear, the exchanges has no favoured outcome to the resolution of the bitcoin scaling issue. Our sole focus is on you and your best interests. As such, we are continuing to monitor developments closely. Please check blog for the latest news, updates and developments.

Best,

Satoshi Trading

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Jonathan de Rin - 1996-2018 early ecash, bitcoin, ethereum, neo and bitcoincash investor

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