Bitcoin Gold
I Just recently started to here on a planned hard fork on the Bitcoin network to split for October 25 called Bitcoin Gold (BTG). There seems to be a lot of controversy surrounding this fork as the BTG team is very unorganized and the project is also tied to those perpetuating the NO2x movement.
CashGrab
According to some reports there will be a pre-mine of 16000 Blocks, This might have already happened yesterday.
to me it seems as though a phew saw how bitcoin cash came about and want a piece of that action as well.
GPU Friendly
Reports also state, you will be able to point those old rigs you have that were mining ETH and point them to BitcoinGold.
Bitcoin Gold: A Very Unorganized Plan to Hard Fork Bitcoin With Connections to the NO2x Movement
There’s been a lot pushing, happening in the bitcoin space between Core software supporters and Segwit2x proponents. Because Segwit2x developers and miners plan to raise the block size to 2MB, a group of Core supporters started a movement called “NO2x.” Do you Remember August 1st Hardfork with Segwit? Same thing happening here but for obvious reasons.
Read this statement below.
Anyone can fork Bitcoin at any time for any reason, and the community will ultimately decide whether that fork has any value. Many in the community believe that Bitcoin Cash and 2X are attacks on Bitcoin, while others believe these forks are useful and well-intentioned. We will not make moral judgments of our competitors or pretend to be able to read their minds, but we will criticize their poor engineering decisions and explain why Bitcoin Gold is superior.
The same thing was said about bitcoin cash but this just seems to piggyback from the successful hardfork , which is all it is.
If you do not care than, that is good I guess and if you want a part of the gold just do the same thing you did for bitcoin cash keep some bitcoin in you offline wallets.
My point of view (Quote)
This is a clear fraudulent attempt to piggyback bitcoin cores marketshares. Developers should be transparent about the 1600 pre-mine blocks because it looks like a cash grab. I hope many of the exchanges will ignore this one.
Or it could legit be something of use.
Just be careful.
Damn, another fork! when they will stop?
@zeartful do you mind if I share this article to my blog off-site? I would run the first paragraph and link back to your article on STEEMIT and your profile. Let me know.
nice post.
Thanks for your advice
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thanks, very helpful in understanding how forks work.
It's really sneaky what they are doing. They are creating bitcoin cash for China. China will not use bitcoin. Look at the secret miners that continue to mine this shit at a loss! Come on! Wake up white people!
Thanks for care @zeartul
upvote and resteemed
make your bets, the value you will have!!
Thanks for information.
@letssmile
Just buy some bitcoin and hold over the next few months. The worst case scenario the hard forks will be worthless and bitcoin will loose some short term value. Best case bitcoin goes up and forks are worth somethin.
I myself think bitcoin gold will be less than worthless. Dont see much reason in it gaining any support.
There a premine too!!!
https://steemit.com/tips/@kaleem345/steem-dollar-ticker-and-conversion-tool
Thanks for information. @zeartul
Great post mate. I don't think the hard fork will bring good things this time. I hope Bitcoin will stay strong and keep going its path. I think the market will crash at the date of the hard fork
Forks does not offer a genuine solution to scaling problem, and by forking from the original blockchain they lose the prestige that comes from being the original blockchain.
Forks seem to be backed by people who got into bitcoin for immediate profit, and opposed by people who are genuinely interested in the technology behind bitcoin. We must not sacrifice the long term potential of bitcoin for immediate profit. Bitcoin has the potential to be as mainstream as internet is, and it is this potential that we must pursue, not some temporary solution to network congestion. If internet got divided everytime people felt it to be too congested and slow we would be left with our individual computers and nothing else today.
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