ViaBTC allows you to turn [10] BTC into [12] BTC, subsidised by r/btc (exact values subject to exchange rate fluctuations) – no joke!


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See "https://www.viabtc.com/convert/bcc" – they obviously follow the token trading principle as I first described it here

…of course, r/btc would say they get subsidised by r/bitcoin. I call this a win-win (for now) 🙂

Anyway – here's how it goes:

  1. Send 10 BTC (just as an example) to ViaBTC.

  2. In you user account settings, turn 10 BTC into 10 BTC_frozen and 10 BCC at no fee.

  3. Sell your 10 BCC tokens for xx CNY.

  4. Purchase BTC from your xx CNY balance (e.g. buy 2 BTC if BCC traded at 20% price of BTC in step 3).

  5. Withdraw the 2 BTC immediately to your self-controlled wallet.

  6. Wait till 1 Aug 12:20 UTC.

  7. Login to ViaBTC and see that your 10 BTC_frozen tokens have been turned into regular 10 BTC tokens. Withdraw these 10 BTC to your self-controlled wallet.

  8. Enjoy having turned 10 BTC into 12 BTC.


Edit: If you prefer to trade in the other direction, read this.

submitted by /u/Amichateur
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247 BTC

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