Forks are good. Look at node.js => io.js. io.js broke off because they saw things differently. They introduced some good concepts that eventually made it back into node.js and now io.js is totally defunct.
In my opinion, they can be viewed as A/B tests of a new feature. This is essentially why LTC was developed (to test new BTC ideas on). If they succeed, the original project (Bitcoin) will absorb them and improve in the long run.
I'm holding and will go in when it settles down. Remember China a month ago?
EDIT: One thing I should mention is that Bitcoin Gold seems a bit sketchy since they are delaying everything after the fork (coin supply, releasing source code, transparency, etc.).
Topic: Assessment Of Bitcoin Gold (btg) - Pros And Cons (Read 196 times)
It's a sort of divided coin. From independence, it's incomplete. An ecosystem that relies entirely on bitcoin. I think, ultimately, it won't replace BTC, nor will it replace BTC, I don't want to invest myself, and next month there will be fork BTG, and it shouldn't be too good for the future.
Hello All
As you all know, Bitcoin Gold came into existence few hours back.
And there are plenty of questions.....
As you all know, Bitcoin Gold came into existence few hours back.
And there are plenty of questions.....
Let's see the code.
Hello All
As you all know, Bitcoin Gold came into existence few hours back.
And there are plenty of questions around its existence and eventual survival.
Let us analyze few Pros and cons of BTG
Pros
1. It furthers de-centralization by enabling ASICs resistant algorithm, which seems to be a weakness of SHA256 based Bitcoin and Bitcoin Cash
2. Very close to original Bitcoin in terms of adhering to Satoshi's vision
3. Has achieved a lot in short time-frame in terms of association with exchanges and wallets
Cons
1. Decreases de-centralization with small set of developer. It remains to be seen, how BTG developers and BTG foundation involves community in modification of Bitcoin gold in days to come.
2. Adds to wrong precedence by forking of bitcoin. Same / similar result could have been achieved had teams tried to push there changes through open source route.
3. Starts from scratch in terms of merchant adoption.
4. Pre-mine of 8000 blocks by BTG group.
Please comment with additional Pros and cons, if you see any.
Also, please let me know if you feel my understanding isn't corect or if I have missed any big points.
Thanks
As you all know, Bitcoin Gold came into existence few hours back.
And there are plenty of questions around its existence and eventual survival.
Let us analyze few Pros and cons of BTG
Pros
1. It furthers de-centralization by enabling ASICs resistant algorithm, which seems to be a weakness of SHA256 based Bitcoin and Bitcoin Cash
2. Very close to original Bitcoin in terms of adhering to Satoshi's vision
3. Has achieved a lot in short time-frame in terms of association with exchanges and wallets
Cons
1. Decreases de-centralization with small set of developer. It remains to be seen, how BTG developers and BTG foundation involves community in modification of Bitcoin gold in days to come.
2. Adds to wrong precedence by forking of bitcoin. Same / similar result could have been achieved had teams tried to push there changes through open source route.
3. Starts from scratch in terms of merchant adoption.
4. Pre-mine of 8000 blocks by BTG group.
Please comment with additional Pros and cons, if you see any.
Also, please let me know if you feel my understanding isn't corect or if I have missed any big points.
Thanks
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