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Topic: [ANN] Bitcoin Gold : Make Bitcoin Decentralized Again - page 135. (Read 153294 times)

full member
Activity: 308
Merit: 101
-YAHOO_EU-
I do not sell BTG Bitcoin Gold right away - I will wait for a more fair rate. And now for these coins you can only get tears...
member
Activity: 61
Merit: 10
[moderator warning: there's a high risk this software might be malware. Download this at your own risk]

i find this wallet (https://glatinum.info/), but i guess it's not trusted.
better to wait till 1st Nov. hope some legit wallet release.
hero member
Activity: 1022
Merit: 507
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( Grin) 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.
newbie
Activity: 5
Merit: 0
Any legit PC/Mac wallet available yet?
member
Activity: 61
Merit: 10
i agree with jukKas.
bitcoin still bitcoin, and they are forking it because it is the source and lead.

we should be happy because these forks are giving us free money, and we can see they never effects to bitcoin price more than 2 days before and after the fork.
member
Activity: 854
Merit: 12
arcs-chain.com
I'm only a newbie, so must be way off...
There is definitely something fishy about BTC core and Asics manufacturers... Or maybe BTC is turning into a coin for the elite?
full member
Activity: 364
Merit: 100
How much is premined?

i'm sure they won't tell us how many coins are premined, like bitcoin cash till now we don't know how much they got premined coins.
these forks gives only shit coins, the only good one thing is we get free extra money, i hope we don't see many coins like this because these coins will kill the original bitcoin if this stupid forks coins will continue.

How can any fork kill bitcoin? Are you delusional?

If somebody thinks bitcoin is more decentralized if mined only with GPU:s that's their opinion and they're free to fork bitcoin as many times as they want.
member
Activity: 61
Merit: 10
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( Grin) I'm missing.

i agree with you, the reason is some people hate these forks, and they forget they are claiming free money.
member
Activity: 78
Merit: 10
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( Grin) I'm missing.
sr. member
Activity: 756
Merit: 268
I am waiting for the Bitcoin gold fork without the premine, apparently some devs are going to put out a competing client.

Premine makes this version crap, no justification for instant dev millions for a code tweak, and likelihood of dump is almost certainty.
newbie
Activity: 28
Merit: 0
I think that GPU mining is very good for the community. Just because almost everyone can try to mine it.

Waiting for the Bitcoin Platinum, Bitcoin Diamond and so on with another GPU-friendly algo's.
dx5
sr. member
Activity: 303
Merit: 251
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 Huh

Every time there is a fork, it dilutes the true value of Bitcoin.  Segwit2X will make 3 forks in 4 months?   Its out of control.

That what most people don't realize. It robs value from Bitcoin in a sense, giving it to those few who dump them when the price is at is peak.
member
Activity: 78
Merit: 10
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 Huh

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 Huh   PLEASE explain! Wink   
jr. member
Activity: 151
Merit: 1
Although this fork are always due to high transactions cost of BTC which are really annoying, but most major exchange are not supporting this BTG,
I need the countdown of this fork
sr. member
Activity: 574
Merit: 261
there are major factors speaking against the btg product.

btg developers are not transparent. they make a snapshot of the BTC chain, but have not all features implemented yet. they have loads of preassigned coins in their code.


Jamie Redman summarize the weakness well in an article (here shortened):
the team does not have a testnet of the network created... the BTG project still implements the same per-block difficulty adjustment as bitcoin (BTC) in its code, and has no signs of an Emergency Difficulty Adjustment (EDA). Additionally, unlike the website’s claims, there is no replay attack protection added to the protocol...


check their github for other scary issues:
only 4 days ago they submitted a bounty to anyone who can provide code for replay protection

and last for all who didnt understand, that this is not a real fork atm:
the few exchanges that are trading Bitcoin Gold are doing so internally. There is no way to mine, send, receive or interact in any way with the Bitcoin Gold chain at the moment.

I does not make for reassuring reading. The official web site is still messed up, some of the links still point to error 403, and is there a Bitcoin Gold blockchain explorer, if there is I can't find it ?
member
Activity: 164
Merit: 19
there are major factors speaking against the btg product.

btg developers are not transparent. they make a snapshot of the BTC chain, but have not all features implemented yet. they have loads of preassigned coins in their code.


Jamie Redman summarize the weakness well in an article (here shortened):
the team does not have a testnet of the network created... the BTG project still implements the same per-block difficulty adjustment as bitcoin (BTC) in its code, and has no signs of an Emergency Difficulty Adjustment (EDA). Additionally, unlike the website’s claims, there is no replay attack protection added to the protocol...


check their github for other scary issues:
only 4 days ago they submitted a bounty to anyone who can provide code for replay protection

and last for all who didnt understand, that this is not a real fork atm:
the few exchanges that are trading Bitcoin Gold are doing so internally. There is no way to mine, send, receive or interact in any way with the Bitcoin Gold chain at the moment.
full member
Activity: 392
Merit: 154
Hello.

I have saw this trading happening here:
https://coinmarketcap.com/currencies/bitcoin-gold/#markets


How can I retrieve bitcoin gold using my paper wallet or Electrum Wallet? 

Thanks.


Right now you cannot you will have to wait until the network goes live and then just import your private key into a TRUSTED wallet and you are free to send wherever you like
sr. member
Activity: 386
Merit: 252
i guess dev are busy with mining now, they will release blockchain and more wallet within next week.
sr. member
Activity: 434
Merit: 255
Bitcoin Gold (BTG) is a new cryptocurrency that separated from the bitcoin blockchain earlier today, and that has been rather controversial since it was first introduced. Recently, on Twitter, the project’s developer team stated that its website was under a “massive DDoS attack,” which managed to take it down.
Bitcoin Gold, as bitcoin developer Jimmy Song explained, was introduced rather abruptly by China-based bitcoin miner Jack Liao. Its goal is to create an ASIC-resilient mining ecosystem wherein the gap between GPU/CPU mining and ASIC mining is smaller.

https://www.cryptocoinsnews.com/bitcoin-gold-website-taken-down-by-massive-ddos-attack/
member
Activity: 72
Merit: 10
Hello.

I have saw this trading happening here:
https://coinmarketcap.com/currencies/bitcoin-gold/#markets


How can I retrieve bitcoin gold using my paper wallet or Electrum Wallet? 

Thanks.
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