Bitcoin and Its Contentious Hard Forks

You must have a ticket to attend this free event. There are a limited number of tickets (70) due to space constraints. Please RSVP first and then obtain your free ticket. For tickets, please go to https://www.eventbrite.com/e/bitcoin-and-its-contentious-hard-forks-tickets-39549505636

Richard Weston will give a brief introduction to cryptocurrencies, specifically Bitcoin, and answer questions about recent developments in the Bitcoin space including the upcoming mid-November hard fork. He will go over the basics of what Bitcoin is and how it works, including:

• How long do BTC transactions take to settle now? Why are fees so high?

• What is Segregated Witness? Why did Bitcoin split into Bitcoin Segwit, Bitcoin Gold, and Bitcoin Cash? Is another split coming in mid-November and if so, why?

• How is double-spending prevented and security maintained when there are two versions of the blockchain?

• How can I protect my bitcoins during these hard forks? What are the risks?

• How are the exchanges handling these hard forks?

• How is bitcoin adoption dealing with the split?

• Who makes decisions in the bitcoin community? How much control or influence do governments have over the bitcoin network (e.g., US, China, Russia)?

• How is bitcoin treated for income tax purposes, how do you declare it? When there is hard fork, how are the new coins treated for tax purposes?

Speaker bio: Richard Weston is the Co-Organizer of the DC Blockchain Users Group since 2011 when it was called the Washington DC Bitcoin Users Group. From 2012 to 2015 he was one of the largest Bitcoin direct sellers in the DC metro area. An avid supporter and user of cryptography, Richard became involved in Bitcoin in early 2011 and has helped many people learn how to use and safely store bitcoins.

We would like to thank WeWorks and Cogent Law Group for supporting this event.