Bitcoin Gold is going to be yet another Bitcoin hard fork. Today we talk about why Bitcoin Gold intend to fork and then we dive deep into their GitHub. We look at which developers actually are active and also take a look at some interesting parts of the Bitcoin Gold code.
What do you think about Bitcoin Gold? How is Bitcoin Gold GitHub looking to you?
https://medium.com/@jimmysong
https://github.com/BTCGPU/BTCGPU
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shitcoin' thanks Ivan for contribute to the crypto community
Love the developer point of view
Thanks @ivanli that was a very helpful shallow dive into Bitcon Gold.
My opinion is that it is a good idea to try and change the Bitcoin mining algorithm to something more decentralised, but in many respects "The horse has already bolted" for Bitcoin and the implementation here seems to be a bit amateurish. As is often the case, good technical people have great ideas but can be poor on the change management front and this is no exception.
The premine is certainly very interesting and I do wonder how long it will take to mine 16000 blocks on the low difficulty. Hours maybe days? With a block reward at 12.5 my math says the evil cat is probably collecting 200,000 BTG for their efforts, which is certainly clever. BTG only needs to be worth $10 after the fork at that's a cool $2 million in the pocket.
So my instinct is that this is an opportunistic move and may have some implementation risk. My opinion is that BTG is probably not going to be taken too seriously and is probably just a free-shitcoin airdrop that everyone will forget about by November.
Thanks Ivan
Love your videos and your blog!
Hey @ivanli !
Do you believe that moving to GPU based mining versus the ASIC will benefit the general population or do you think it will just be in the shadow of BTC as it continues to grow?
Should someone who was looking into ASIC now be looking at stocking up on GPU's?
When the fork comes is it better to have BC in an off-line wallet or at an exchange?