Topic: Bitcoin Gold , A scam ? Please Help & Please Vote for the Poll (Read 1247 times)

Oh my God, I see so many people vote for it as for scam? Common, friends, do you really think so? Now, when it is traded, its price has reached as many say, up to the Moon, but probably simply people guess it has not bad future?
https://www.coingecko.com/en/price_charts/bitcoin-gold/usd

Hitbtc has never been a trustworthy site, they are linked to the bytecoin scammers. People never do their homework then are totally shocked when they get screwed. :rolleyes:

It's so hard to find out too.

https://www.google.com/search?ei=brwTWrqWNIT8aYrWkeAI&q=is+hitbtc+safe&oq=Hitbtc&gs_l=psy-ab.1.1.0i71k1l4.0.0.0.5170.0.0.0.0.0.0.0.0..0.0....0...1c..64.psy-ab..0.0.0....0.MS4TNlpWqT4

Everything seems scam. hit-btc stop withdrawal and put their bots on website. btg and exchanges together scamming with whales.

Bitcoin GOld about $500 on Bittrex tonight, but some people are waiting pups to 1000+

Finally recovered all my losses. my very happy. i will never invest now before proper research

Thanks.  

Darwinism is about survival based on fitness but when it comes to artificial (human/society made) ecosystems everything goes chaotic and mostly unjustifiable and even irrational.

For instance almost every newly invented altcoin is superior to bitcoin (it should be, otherwise what is the point of creating an altcoin after all?). Yet btc is dominant. Why? because of power and enthusiasm. This is why I believe Bitcoin currently is in a  dead end situation as long as we are talking about technical evolution.

Good comments aliasshraf.

I find it wonderful that anyone can fork it and we get a good look of what works and what does not.
Shady designs will be ousted by the market.

We are watching a CryptoDarwinist show on steroids.

Talking about the future, it is what we make, imo, so, if you are really in the same lines, you should take your part and do something about it. As of my plan, I'm just following this one, btg (as well as bcc+), learning and planning more.

For now I think we should give more both time and space to btg team but I have already been convinced that they won't accomplish their mission mainly because of one important point they have missed: It is not a simple technical problem to be solved by a handful of programmers, it is about money for the god sake! Tens of billions of dollars are in the stake and the stakeholders are ones who live in the limits, on the edges( of everything, technology, law, morality, ... ), they are reckless, ambitious, cruel and aggressive.

Look at this hype about a few lines of codes in a bonus open-source pool software, which can simply be commented out or tons of articles and comments about 0.01 percent privately mined  coins. It is not just a misunderstanding or a public paranoia, it is a systematic attack against btg  managed by people who are benefiting from the current situation in the crypto ecosystem. BTG guys obviously where not ready for this flood and they are failing because of it. They need more sympathy and support from the community but if they supposedly fail, the strategy, improving bitcoin by making it ASIC resistant, is not what we should point our fingers toward to blame, it is about business and organisation.

Some immature perceptions of mine:
1- As I remember, @GMaxwell recently has admitted the possibility of this improvement, I think there are other prominent figures ready for committing to the idea, before the kick start, btg team,  should have convinced  them to become more active and supportive.

2- I don't know, but 200K coin was too much for a confident project team. I mean if they were sure enough they didn't need that much of reward. Actually I'm against such tactics for this special case, forking btc. It prepares ground for scam accusations and a lot of enemies are waiting to play in such a ground.
 
3- Open source pool software was a brilliant idea that ruined by the dev fee lines in the code, but without that flaw it was not enough, anyway. They should have come with more.

4- Media coverage was poor, mainstream was against btg.

5-Personally I think choosing Equihash was not a wise decision, instead I prefer a mild improvement in SHA2 by adding a DAG navigation step in each cycle, this way we can reuse current wallets and other pieces of codes in the btc ecosystem by a few lines of hack. I prefer hacking to rewriting or reassembling.

So if this one fails the second attempt should be carefully planned and executed with no pre/private mining, more tools and features and probably a more smart algorithm hacking strategy and most importantly, more community/celebrity support.

The only scams here are the pump and dump schemes which are performed every time a new coin is created, to exploit the expectations of the first enthusiasts.

You mean you bought it? That was pretty stupid in my opinion but I doubt you actually bought any. Anyone who does even a simple google search can find pages of posts showing it is a scam. If you did buy it then your going to get dumped on and you deserve it for being stupid.

too many red flags i think.. just fast money making fork thats all

It's legit. Only problem is, that nobody seems to support it. Which is a shame, since I got them during a hard fork. 

I guess we should lauch private key 2FA soft fork now, some way to double check and double authenticate the use of private key otherwise this kind of scam will go on for more

I think the second child from Bitcoin will be the same as Bitcoin Cash. This is because both have a similar starting price. Clearly, these two coins are held by Big Holders. Whales roam that control the price.

It's also happening with the bitcoin cash fork, some people are trying to claim their bitcoin cash got stolen, their bitcoin was disappearing from their wallet.
I think that someone try to put another code into the wallet. The bitcoin will be sent automatically after you are claiming your bitcoin gold. That's such a big scam.
They are not losing little amount. Big with the latest rate of the bitcoin and that's so big.

I have been reading the MyBTGWallet has been stealing BTC from peoples private keys. Including the premine, this operation is shady.

Welcome to the alt coin world and expect these kind of movements in the price and the volatility will be really high as most people will be dumping their coins and so is the reason the market crashed,hopefully it will recover at a later time,till then hold on to your coins.

Scam? I don't think so. It is just a useless token.

Regulations need to be introduced to crypto right away. It is unbelieavable that 5 people can just choose to fork BTC, premine it before and dump it on everyone else. Not to mention how markets are going down before the fork.

Anyway, as soon as these forked coins become worthless like BTG is about to, people will stop buying BTC before the forks and markets won't crash so hard.

You bought into the hype. That usually ends in tears. Part of the reason that the price has dumped is that the launch was rocky and the fundamentals aren't great. The coin doesn't have much going for it besides potentially tapping part of BTC's network and using its name.

The other thing is that BTC has turned bullish in the last several days, and it's already approaching the all-time highs again. Under these conditions, it seems the forks (Bitcoin Gold and Bitcoin Cash) suffer. There seems to be a negative correlation right now.

I was thinking along the same lines. I think it will come in the future, but I doubt this particular crew is going to pull it off.