Topic: Bitcoin Gold (BTG) was 51% attacked (Read 245 times)
This is just a proof that if it is not Bitcoin, it can never be Bitcoin because there is no other coin like it and it is unique in all ramifications. I have never being a fan of all these fork coins of a thing and to be frank, it is funny such attack is happening to this fork, like I thought it was meant to be better. Bitcoin till date and till anytime anyone can ever imagine will always be the number 1 coin because it has proven to be the best and the future of this space.
This condition is very dangerous for Bitcoin Gold holders. If this continues, it will have a negative impact on the BTG platform. I think Dev needs to immediately resolve this issue.
Dev is there still one or more? I read somewhere Bitcoin Gold launched from a crappy little website with spelling errors, is that true lol?
Can you name where you read it?
Yes, here at this forum when I was reading long before signing up. People were commenting on the poor site quality and spelling errors, but I didn't look myself.
this shitty project was born as a scam and will always be a scam
they probably 51% their own chain
they probably 51% their own chain
The original intention was good. They wanted to give more power to the small scale and medium scale miners, and wanted to end the dominance of the giant mining farms. But in that case, it would have been much harder for any criminal to launch a 51% attack. Because it would have taken thousands of miners to launch their attacks simultaneously. I was thinking that BTG was safer from the 51% attack, when compared to the other forked coins such as Bitcoin Cash and Bitcoin SV. Looks as if I was wrong.
I nearly forgot this project exist. They had a bad start as I remember. They couldn't execute a proper fork at that time. Users needed to wait a long time before getting the coins and it's not the first time it had an attack.
Larger the numbers of different miners safer the blockchain is Bitcoincash is ways safer than BSV and BSV is way safer than BTG.
this shitty project was born as a scam and will always be a scam
they probably 51% their own chain
they probably 51% their own chain
The original intention was good. They wanted to give more power to the small scale and medium scale miners, and wanted to end the dominance of the giant mining farms. But in that case, it would have been much harder for any criminal to launch a 51% attack. Because it would have taken thousands of miners to launch their attacks simultaneously. I was thinking that BTG was safer from the 51% attack, when compared to the other forked coins such as Bitcoin Cash and Bitcoin SV. Looks as if I was wrong.
This is one of the reasons I don't like fork coins even though forks from bitcoin are too easy to manipulate.
Those who are behind it all only use the name and hype of the original coins without any good marketing efforts. Usually only focus on prices and prices, such as pump and dump.
Those who are behind it all only use the name and hype of the original coins without any good marketing efforts. Usually only focus on prices and prices, such as pump and dump.
this shitty project was born as a scam and will always be a scam
they probably 51% their own chain
they probably 51% their own chain
This condition is very dangerous for Bitcoin Gold holders. If this continues, it will have a negative impact on the BTG platform. I think Dev needs to immediately resolve this issue.
The can't until they will be implementing a new protocol or mechanism to protect the blockchain from the 51% attack. if they are not doing it right now and never try to put a lot of hope on this coin as the vulnerability still exists. BTG needs more miners to prevent 51% to happen again. It's so lucky to get only 51% small attack but it has the possibility to lose a million of dollars caused by this vulnerability.
a coin that could be 51% attacked is not worth penny, basically it's the same as giving people control over your money and they could rob your money anytime they want. I wonder why people still trading this shitcoin, any HF of BTC out there that call themselves a better coin than BTC are actually just some bullshit and people should never touch those fakes.
yes they are just trying to attract investors to buy Bitcoin Gold because those who promote Bitcoin Gold have bought it first so they hope that someone buys to be able to get a profit and indeed bitcoin gold is very dangerous, it's better to trade in safe coins like trading on bitcoin which has very good potential.
Look at coins like TemTum which has a unique consensus algorithm and blockchain that does not require proof of work, proof of stake or any old proof model, instead has a unique algorithm based on a quantumn source of randomness to ensure a 51% attack cannot happen
These type of coins are the future
These type of coins are the future
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a coin that could be 51% attacked is not worth penny, basically it's the same as giving people control over your money and they could rob your money anytime they want. I wonder why people still trading this shitcoin, any HF of BTC out there that call themselves a better coin than BTC are actually just some bullshit and people should never touch those fakes.
This is the revenge for all Bitcoin forks promoters, this is for you. Instead of helping the real Bitcoin to grow, you still believe in miracles, but miracle already happened on real Bitcoin, look how useful it is, how can help the current world, still it is not too late to join the party. But forget about Bitcoin golds, diamonds, atoms and other stupid buzz words.
This is the weakest point on altcoins and Bitcoin forks that use consensus PoW, most of people do not understand it because they think that their money are safe, they are. But when you think about it more deeply, it is safe to use a coin where people don´t have same conditions? I don´t think so. Be aware, PoW coins with low hashing power are more dangerous than you think.
This condition is very dangerous for Bitcoin Gold holders. If this continues, it will have a negative impact on the BTG platform. I think Dev needs to immediately resolve this issue.
Dev is there still one or more? I read somewhere Bitcoin Gold launched from a crappy little website with spelling errors, is that true lol?
This is serious Bittrex once had an issue with them, they keep having a successful attack, why don't they just fix up the whole security issues to avoid a lack of trust from traders. We have many coins in the market to trade.
This condition is very dangerous for Bitcoin Gold holders. If this continues, it will have a negative impact on the BTG platform. I think Dev needs to immediately resolve this issue.
Dev is there still one or more? I read somewhere Bitcoin Gold launched from a crappy little website with spelling errors, is that true lol?
There is always risk with such coins that have low market cap and big whales can attack the stability of the network via 51% attack where no one can do anything, looks like it is high time for change of algorithm to pos like eth and many others are doing.
23rd of this month 14 blocks of BTG were removed due to 51% attack
24th of this month 15 blocks were removed
https://gist.github.com/metalicjames/71321570a105940529e709651d0a9765
Bitcoin Gold Suffers 51% Attack, $72,000 in BTG Double Spend
Please be aware. My call is not to transact BTG for some time till things are normal.
24th of this month 15 blocks were removed
https://gist.github.com/metalicjames/71321570a105940529e709651d0a9765
Bitcoin Gold Suffers 51% Attack, $72,000 in BTG Double Spend
Please be aware. My call is not to transact BTG for some time till things are normal.
lol tbh, who is using this shit anyways? it's nothing but a scam forkcoin, fuk BTG. And imagine being an exchange, KNOWING coins are vulnerable and yet STILL only requiring minimum confs...
it just goes to show how phony BTGs marketcap is as well, tho thats most coins :p
This wasent the first time and wont be the last, when its this easy why would scammers NOT do it? : /
Theres so many coins this is easy to do with, its just most dont have the liquidity to make it worth it... makes crypto look bad overall too, as people dont realize its actually just certain coins
It actually ranked in 34th in CMC but I'm also unsure if there were really using this coin. Its just that it has Bitcoin on its name why its being traded in the market but there seem to be no one and no merchants are accepting it. I can't even find a casino that allowed BTG to be bet on it. I guess only few miners are in BTG while lesser transaction to it that the attack outrun the 49% of the miners. I may be wrong though.
So how do you think possible in BTG while not possible in BTC?
This condition is very dangerous for Bitcoin Gold holders. If this continues, it will have a negative impact on the BTG platform. I think Dev needs to immediately resolve this issue.
Never been a fan of the POW model BTG is running on among other projects.
- I can much better vouch for POS. Early investors benefit the most, but that's the same as everything else. The stock market, BTC holders (manipulating the price to their advantage).
It's true that early investors benefit the most from these blockchains, but why shouldn't they? Afterall they took the biggest gamble, "betting" on a low cap project.
Decentralization is important for any blockchains, and I believe projects working around the clock on exactly this, will be recognized more and more moving forward.
Blocknet, a project based on POS from 2014, has a very well distributed supply, first movers on DEX developments, and works on decentralized oracle solutions as well, yet it's got a FRACTION of BTG's total marketcap, which is laughable if you think about it for a minute.
There is tons of these projects out there, not getting the attention they deserve, building amazing platforms, and tech. It's just a matter of partnerships, and adoption, and these projects will fly through the roof next bullrun, no question about it.
- I can much better vouch for POS. Early investors benefit the most, but that's the same as everything else. The stock market, BTC holders (manipulating the price to their advantage).
It's true that early investors benefit the most from these blockchains, but why shouldn't they? Afterall they took the biggest gamble, "betting" on a low cap project.
Decentralization is important for any blockchains, and I believe projects working around the clock on exactly this, will be recognized more and more moving forward.
Blocknet, a project based on POS from 2014, has a very well distributed supply, first movers on DEX developments, and works on decentralized oracle solutions as well, yet it's got a FRACTION of BTG's total marketcap, which is laughable if you think about it for a minute.
There is tons of these projects out there, not getting the attention they deserve, building amazing platforms, and tech. It's just a matter of partnerships, and adoption, and these projects will fly through the roof next bullrun, no question about it.
23rd of this month 14 blocks of BTG were removed due to 51% attack
24th of this month 15 blocks were removed
https://gist.github.com/metalicjames/71321570a105940529e709651d0a9765
Bitcoin Gold Suffers 51% Attack, $72,000 in BTG Double Spend
Please be aware. My call is not to transact BTG for some time till things are normal.
24th of this month 15 blocks were removed
https://gist.github.com/metalicjames/71321570a105940529e709651d0a9765
Bitcoin Gold Suffers 51% Attack, $72,000 in BTG Double Spend
Please be aware. My call is not to transact BTG for some time till things are normal.
lol tbh, who is using this shit anyways? it's nothing but a scam forkcoin, fuk BTG. And imagine being an exchange, KNOWING coins are vulnerable and yet STILL only requiring minimum confs...
it just goes to show how phony BTGs marketcap is as well, tho thats most coins :p
This wasent the first time and wont be the last, when its this easy why would scammers NOT do it? : /
Theres so many coins this is easy to do with, its just most dont have the liquidity to make it worth it... makes crypto look bad overall too, as people dont realize its actually just certain coins
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