Topic: [ANN] Bitcoin Gold : Make Bitcoin Decentralized Again - page 133. (Read 153294 times)
So I guess Bitcoin is decentralized once again.
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.
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.
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
HOLD BTC will get BTG? 
Hi all,
Is there any relationship between Bitcoin Gold and Bitcoin Silver? Here is the link to Bitcoin Silver
https://bitcointalksearch.org/topic/bitcoin-silver-make-bitcoin-decentralized-again-2311582
Good luck, guys.
Is there any relationship between Bitcoin Gold and Bitcoin Silver? Here is the link to Bitcoin Silver
https://bitcointalksearch.org/topic/bitcoin-silver-make-bitcoin-decentralized-again-2311582
Good luck, guys.
Next time will be Bitcoin Bronze LOL
I still say the same, a new way to scam people after ICO, so lets fork the bitcoin
This thread is supposed to be about DECENTRALIZATION.
I'm not really interested in posts saying crap, scam, premine, shitcoin: without some logical explanation of the reasoning. Even then it would be nice if it had some relevance to the title of the thread.
GPU mining promotes decentralization. Appears to me that 'core' are opposed to this. WHY?
Really appreciate it if someone could fill in the bits() I'm missing.
I'm not really interested in posts saying crap, scam, premine, shitcoin: without some logical explanation of the reasoning. Even then it would be nice if it had some relevance to the title of the thread.
GPU mining promotes decentralization. Appears to me that 'core' are opposed to this. WHY?
Really appreciate it if someone could fill in the bits(
) I'm missing.Core opposes everything that could lead to losing their power on Bitcoin, so in case they would need to change PoW (which is unlikely imo), GPU mining could be their competition just like Bitcoin Cash competes for SHA hash power. For Core proponents anything that comes from them is Bitcoin, and everything else is altcoin. For instance, I'm pretty sure they would be against increasing 21 million coins cap if it was someone else's idea, but if they came up with this by themselves, then it would certainly be still Bitcoin.
Quote
https://www.reddit.com/r/Bitcoin/comments/78gb3w/you_get_a_600_raise_at_work_after_just_10_months/
As bitcoin expands into additional layers those layers are bitcoin as well! It's an aggregate ecosystem.
As bitcoin expands into additional layers those layers are bitcoin as well! It's an aggregate ecosystem.
Thanks for the reply.
I have a couple of questions.
Do core gain financially from holding the power?
What reasons have they given for not changing to equihash. It seems glaringly obvious that this would be an improvement - or am I missing something?
Wait, this is launched but the support for mining hasn't started? The network is supported by a few nodes and not yet fully secure. I could see this taking off once the network is decentralized.
No its not launched I think those nodes have been compiled from the development source code that is not complete and even if you could use this dev source to mine it would be useless because once the final version launches any created blocks would be rejected by the network
Wait, this is launched but the support for mining hasn't started? The network is supported by a few nodes and not yet fully secure. I could see this taking off once the network is decentralized.
how can I mine this non of the pools support it yet.. yet the difficulty is rising
You cannot mine there is no working network yet the source code is not finished
I can see on some of the pools the network hasrate and difficulty, It keeps rising so is that the premine? ots already like block 200k or something
There are a few nodes that have been started but I don't know if any are official or just people thats compiled the current code
https://bitnodes.21.co/nodes/?q=Bitcoin+Gold
The block height is at the snapshot point and has been there since that block height was reached
how can I mine this non of the pools support it yet.. yet the difficulty is rising
You cannot mine there is no working network yet the source code is not finished
I can see on some of the pools the network hasrate and difficulty, It keeps rising so is that the premine? ots already like block 200k or something
how can I mine this non of the pools support it yet.. yet the difficulty is rising
You cannot mine there is no working network yet the source code is not finished
how can I mine this non of the pools support it yet.. yet the difficulty is rising
You cannot mine there is no working network yet the source code is not finished
how can I mine this non of the pools support it yet.. yet the difficulty is rising
so you guess we won't see wallet within next week?
You won't see any wallets until the source is complete and network goes live
Seems kind of crazy that they dont have a live network or a working wallet, or completed source code, yet they were able to fork bitcoin.
I am glad that nothing went wrong because there wasnt any risk?
There is still a huge risk with buying on the futures market all we really know so far is that the dev's have taken a snapshot of the blockchain which is basically just saving it for later use (the forking point) the fork has not actually happened yet and cannot until the software is complete and nodes are available so until this is complete there is no guarantee of anything and worst case scenario is they do not complete and all futures are deleted thats why I am so surprised at being so high right now I do support this and like the idea if a bitcoin that can be mined on a GPU but until there is a live network I would not recommend anyone to buy any
so you guess we won't see wallet within next week?
You won't see any wallets until the source is complete and network goes live
Seems kind of crazy that they dont have a live network or a working wallet, or completed source code, yet they were able to fork bitcoin.
I am glad that nothing went wrong because there wasnt any risk?
Bitcoin Gold is next to Bitcoin
guys we have a comedian here lets applause him for this joke very diffrent price from yobit and hit btc
on now
yobit price
and on hit btc
btw , did anyone know when this coin listed on coinmarket ?
on now
yobit price
and on hit btc
btw , did anyone know when this coin listed on coinmarket ?
It was listed on coinmarketcap a couple of days ago
very diffrent price from yobit and hit btc
on now
yobit price
and on hit btc
btw , did anyone know when this coin listed on coinmarket ?
on now
yobit price
and on hit btc
btw , did anyone know when this coin listed on coinmarket ?
There's something fishy about the project, don't you think,guys?...
I wouldn't go that far I would say its more rushed with a tight deadline to beat B2X to launch
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