Topic: [ANN] Bitcoin Gold : Make Bitcoin Decentralized Again - page 132. (Read 153236 times)
Is anybody know Electrum wallet is supporting BTG or not?
Has it been decentralized as the anouncement said? Lots of Bitcoin-prefix have been released within the last week.
Can anyone explain to me why 'core' is against this development. Mining with GPU seems such a good thing to do that I don't understand why it wasn't just incorporated into Bitcoin.
If that had happened it would be so much simpler. I don't understand why this idea had to get a fork to be realized.
Someone please enlighten me
If that had happened it would be so much simpler. I don't understand why this idea had to get a fork to be realized.
Someone please enlighten me
Good thing for what? If bitcoin can have as simple as say fork to fork, than there no security at all for holding it
Thanks for addressing my concern.
It seems like GPU mining would be a 'good thing' for the future of cryptocurrencies including Bitcoin. This would take the power away from large miners and give it back to the community - more individuals have an incentive to be involved in verifying the chain. I'm sure you've heard the saying "power corrupts" - well, I think that is true and any protocol that prevents a few individuals from amassing power (like Bitmain) is good. Decentralization is paramount to a fair system for the people and by the people!
So why didn't bitcoin 'core' take on this idea and prevent a fork?
GPU mining - no good.. I don't get what the argument is
PLEASE explain! 
The is no absolute GPU Mining, there will be another ASIC to replace it in the future, so do we have to fork time to time to avoid being centralize?
I agree that ASIC seem to make miner not distribute well, and bitmain monopolize the market because they have the power to do so
Decentralization is good as its the core reason bitcoin being live but i dont think GPU is the right solution
I agree that someone will always find a way to make mining more efficient and implementing GPU would only decentralize temporarily. But isn't that the point - that Bitcoin can change because its open source - would GPU mining have any negative impact?
Anything to curb Bitmain growing monopoly, even for a short while, should be a positive. Unless I'm missing the downside about GPUs, it seems that 'core' have some agenda that isn't for the benefit of the bitcoin community.
(It seems that 'core' have some agenda that isn't for the benefit of the bitcoin community.)
Do you have a link for me? This does not sound right, so I would like to know more about it.
Sorry to say but based on what was shown this seems like a get and dump coin for the dev to earn quick cash
Too many negative news on bitcoin gold
Too many negative news on bitcoin gold
As posted earlier the dev's cannot just dump the premine its going to be timelocked on the blockchain and released over several years so for the dev's to cash out everything this coin needs to survive for several years
Sorry to say but based on what was shown this seems like a get and dump coin for the dev to earn quick cash
Too many negative news on bitcoin gold
Too many negative news on bitcoin gold
Don't fall for this scam, just because it's called Bitcoin it's just a shit coin the dev are already pre mining it for a week and from.what I found they have tried to make an ico before
https://web.archive.org/web/20170831032225/http://btcgpu.org/
Basically they will have 200 000 btg to dump and people will lose their money.
https://web.archive.org/web/20170831032225/http://btcgpu.org/
Basically they will have 200 000 btg to dump and people will lose their money.
Things have changed there WILL NOT be 200k coins pre-mined read the code its 8000 blocks (100k) and this is not being released straight away it's being timelocked on the blockchain and released at 20k a year so if this coin does not survive the devs get very little and most will die still locked in the chain untouchable
What I wonder is this coin is viable in the long run because BCH has to be at 0.14 ... sat to create a profit mining it.
at least that's what I understood about it. I could be wrong of course.
Profitability has nothing to do with the value it could be 0.001BTC and still be profitable the determining factor is how many want to mine it and this value will equalise with other competing coins until profitability is about equal
The only reason BCH needed a higher value is the big mining pools that supported it moved too much power over
Bitcoin gold, a new fork of the bitcoin software, may not have been officially launched (or distributed to users), but that isn't stopping the cryptocurrency markets from seeking to determine its potential value (or profiting from its eventual existence).
In an interesting twist on a typical distribution, a number of exchanges are now listing a token that represents a claim on the future delivery of bitcoin gold (in advance of it becoming available to all bitcoin users). Ahead of that event, however, traders are seeking to value the asset, which proposes an alternative to the difficulty of competing for rewards on bitcoin's mining network.
https://www.coindesk.com/whats-price-bitcoin-gold-crypto-traders-still-arent-sure/
In an interesting twist on a typical distribution, a number of exchanges are now listing a token that represents a claim on the future delivery of bitcoin gold (in advance of it becoming available to all bitcoin users). Ahead of that event, however, traders are seeking to value the asset, which proposes an alternative to the difficulty of competing for rewards on bitcoin's mining network.
https://www.coindesk.com/whats-price-bitcoin-gold-crypto-traders-still-arent-sure/
Can anyone explain to me why 'core' is against this development. Mining with GPU seems such a good thing to do that I don't understand why it wasn't just incorporated into Bitcoin.
If that had happened it would be so much simpler. I don't understand why this idea had to get a fork to be realized.
Someone please enlighten me
If that had happened it would be so much simpler. I don't understand why this idea had to get a fork to be realized.
Someone please enlighten me
Good thing for what? If bitcoin can have as simple as say fork to fork, than there no security at all for holding it
Thanks for addressing my concern.
It seems like GPU mining would be a 'good thing' for the future of cryptocurrencies including Bitcoin. This would take the power away from large miners and give it back to the community - more individuals have an incentive to be involved in verifying the chain. I'm sure you've heard the saying "power corrupts" - well, I think that is true and any protocol that prevents a few individuals from amassing power (like Bitmain) is good. Decentralization is paramount to a fair system for the people and by the people!
So why didn't bitcoin 'core' take on this idea and prevent a fork?
GPU mining - no good.. I don't get what the argument is
PLEASE explain! The is no absolute GPU Mining, there will be another ASIC to replace it in the future, so do we have to fork time to time to avoid being centralize?
I agree that ASIC seem to make miner not distribute well, and bitmain monopolize the market because they have the power to do so
Decentralization is good as its the core reason bitcoin being live but i dont think GPU is the right solution
What I wonder is this coin is viable in the long run because BCH has to be at 0.14 ... sat to create a profit mining it.
at least that's what I understood about it. I could be wrong of course.
bch backed by big groups .bitcoin gold dont have any backers only fans.
i dont think this is a coin i will hold
i hope wallet won't be late, i still not claimed any bitcoin gold yet
I got 0.03 free in this fork what to with them?
yes we got free money because of bitcoin gold and bitcoin cash, i hope to see more forks like this
Another one is coming this November and I believe much more are coming because dev will make a lot of money from forking Bitcoin than launching ico, it will only be stopped until exchange ignores this altcoin that claims to be better than Bitcoin.
What was BTG after all?
I got 0.03 free in this fork what to with them?
yes we got free money because of bitcoin gold and bitcoin cash, i hope to see more forks like this
I got 0.03 free in this fork what to with them?
Don't fall for this scam, just because it's called Bitcoin it's just a shit coin the dev are already pre mining it for a week and from.what I found they have tried to make an ico before
https://web.archive.org/web/20170831032225/http://btcgpu.org/
Basically they will have 200 000 btg to dump and people will lose their money.
https://web.archive.org/web/20170831032225/http://btcgpu.org/
Basically they will have 200 000 btg to dump and people will lose their money.
Yes, it is the truth, everyone please don't buy bitcoin gold, it is intentional scam from day 1. Don't fall into this scam. We should focus on other valuable bitcoin forks like segwit2x.
The premine effectively kills Bitcoin Gold, wait for the 'protest fork'
Quote
Bitcoin developer Rhett Creighton is working on alternative bitcoin gold "protest fork" software that seeks to pursue the same idea but without setting aside some of the new cryptocurrency for development.
If more than 51% of miners choose to use his software, the so-called pre-distribution to developers will be erased, he told CoinDesk. "It's up to the miners to decide what they want," he added.
source: https://www.coindesk.com/bitcoin-gold-know-blockchains-next-split/
If more than 51% of miners choose to use his software, the so-called pre-distribution to developers will be erased, he told CoinDesk. "It's up to the miners to decide what they want," he added.
source: https://www.coindesk.com/bitcoin-gold-know-blockchains-next-split/
https://github.com/realBitcoinGold/BTCGPU/commit/623ec59bb35bd4f20031506a4314e45a1d53fa6f
Don't fall for this scam, just because it's called Bitcoin it's just a shit coin the dev are already pre mining it for a week and from.what I found they have tried to make an ico before
https://web.archive.org/web/20170831032225/http://btcgpu.org/
Basically they will have 200 000 btg to dump and people will lose their money.
https://web.archive.org/web/20170831032225/http://btcgpu.org/
Basically they will have 200 000 btg to dump and people will lose their money.
Yes, it is the truth, everyone please don't buy bitcoin gold, it is intentional scam from day 1. Don't fall into this scam. We should focus on other valuable bitcoin forks like segwit2x.
Bitcoin could be more decentralized again if people start buying a lot of BTG and it becomes the main crypto.
With mining it's the 'chicken and the egg'. Which one comes first, good miner activity which gives confidence to people considering buying BTG or more people using BTG which incentivizes mining.
The whole BTG fork has become a bit of a fiasco. Bad website, replay not yet in place, premine (at 400$/BTG= $40,000,000) etc. but I think the basic idea is good and only time will tell.
With mining it's the 'chicken and the egg'. Which one comes first, good miner activity which gives confidence to people considering buying BTG or more people using BTG which incentivizes mining.
The whole BTG fork has become a bit of a fiasco. Bad website, replay not yet in place, premine (at 400$/BTG= $40,000,000) etc. but I think the basic idea is good and only time will tell.
Don't fall for this scam, just because it's called Bitcoin it's just a shit coin the dev are already pre mining it for a week and from.what I found they have tried to make an ico before
https://web.archive.org/web/20170831032225/http://btcgpu.org/
Basically they will have 200 000 btg to dump and people will lose their money.
https://web.archive.org/web/20170831032225/http://btcgpu.org/
Basically they will have 200 000 btg to dump and people will lose their money.
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