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Topic: [ANN] Bitcoin Gold - No Premine Client - page 2. (Read 3111 times)

legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
October 18, 2017, 01:08:35 AM
#2
This is nice and all but they already have pool operators involved who will likely run the premined version so blocks will be found there - which is the deciding factor here (longest chain, not node count).

If you seriously want to throw a wrench into it and remove the premine it will take much more effort than changing a line, you'd need to convince pool operators, miners, exchanges, etc.
member
Activity: 122
Merit: 10
October 18, 2017, 12:59:17 AM
#1
Bitcoin Gold No Premine

The Bitcoin Gold developers decided to include a premine at: https://github.com/BTCGPU/BTCGPU

Therefore, I created an alternate client that removes the premine.

Bitcoin Gold (no premine) Client:
https://github.com/realBitcoinGold/BTCGPU

You can see the change here:
https://github.com/realBitcoinGold/BTCGPU/commit/623ec59bb35bd4f20031506a4314e45a1d53fa6f

Slack
https://join.slack.com/t/bitcoingold-nopremine/shared_invite/enQtMjU4Njg3Mzk3ODcyLTY2ZjRhZDA0MDZkYmNiNjM0ZmZlYzQyNDNiMDFjYzU1NGZlMTQzMzgwMDg0ZDMxNzY0Yzg2OTE0NTRhYjZiN2E

It will be up to the miners to decide what client to use.  If 51% of miners use the no-premine client, there will be no premine for Bitcoin Gold.

FAQ

Q: Is this a fork of Bitcoin Gold?
A: No, it is an alternative client.  If 51%+ (majority) of miners use the no-premine chain, there will be no premine.  If the majority of miners want a premine, they can use the premine chain and get a premine.

Q: Why should miners want a premine in Bitcoin Gold?
A: Use the premine chain if you want developers to get a premine.  Maybe it will incentivize them to work on the chain and make it more valuable.

Q: What if I try to mine blocks with the no-premine client, but more mining power wants a premine?
A: Your mined blocks will be invalid and forked off the main chain.  The same is true if you try mining with the pre-mine chain and the majority wants no-premine.

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