Bitcoin gold hard fork - detailed explanation

LoyceV

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Quote from: kshilov on October 19, 2017, 04:31:28 AM

So here, that we have right now:

BTG blockchain will start off being around 110GB, on disk

Bitcoin Core currently uses 149 GB on my computer. How are they going to reduce this to 110 GB?

Quote

The guys from Bgold had 16000 blocks premined (and it will be in mainnet)

That's 200,000 Goldcoins premined, if they get away with just 10% of what Bitcoin Cash is worth, they're instant millionaires out of nothing! If they manage to pull this off, I'm afraid we'll see a whole new fork-market emerge, just like the altcoin and ICO market emerged for the exact same reason.

I hope it'll fail, it's annoying to have to keep splitting my coins.

BitcoinHodler

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Quote from: Granxis on October 19, 2017, 06:19:07 AM

Those who invest in Altcoins do not like the fork that will happen on October 25th. Economically I lost money just for reason. The fork that will be on October 25th is the final split for bitcoin. I am sure the division on 25 October will never be in the last division. Bitcoin needs to be divided into at least 10 pieces. Just kidding

"division", "split",... these aren't really happening though!
go check out what has changed about bitcoin so far! exactly nothing. bitcoin is still one thing and majority knows one thing as bitcoin. all the rest has been forgotten and became a page in the history.
these forks are not "splitting" bitcoin, they are simply creating an altcoin. and this has been happening for a long time. everyone wants to have the name "bitcoin" in their crap coin.

salihno71

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Quote from: Granxis on October 19, 2017, 06:19:07 AM

Those who invest in Altcoins do not like the fork that will happen on October 25th. Economically I lost money just for reason. The fork that will be on October 25th is the final split for bitcoin. I am sure the division on 25 October will never be in the last division. Bitcoin needs to be divided into at least 10 pieces. Just kidding

Sure they don't like the split - it drags away the investors into another altcoin like it happened with Bitcoin Cash. Also BCG is not the last split by far - SegWit2x is coming in November this year and it is much more serous issue than BCG.

Granxis

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Those who invest in Altcoins do not like the fork that will happen on October 25th. Economically I lost money just for reason. The fork that will be on October 25th is the final split for bitcoin. I am sure the division on 25 October will never be in the last division. Bitcoin needs to be divided into at least 10 pieces. Just kidding

Berk

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Thanks for putting this out. I think there's been much confusion on the topic.

kshilov

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For discussion join this channel: https://howtotoken.slack.com/join/shared_invite/enQtMjU4MDY2OTcwMTUxLWJlZDE2OWFlN2M4YWE5MTgzMGJjYzkxMDM3MzdjZTQxNDI1MjdmODg1MmNkMWI3NWYxMzA3NDA3ZGE1OTg4YjU

kshilov

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Hi, guys!

Just want to make a podcast for my blog: howtotoken.com about bitcoin gold hard fork. I researched this theme for a while, asked questions for developers in their slack channel (https://t.co/bEMhsWn4Nx) but I still have a lot of questions, hope to find an expert or help of community to answer the rest.

So here, that we have right now:

25th of October Bitcoin Gold will make a snapshot on block 491407 (which is very close to 12:00:00UTC Oct 25th)
BTG blockchain will start off being around 110GB, on disk
At the period from 25th of October and 1st of November the Bgold team will test all the stuff in testnet
At the 1st of November the mainnet will be updated and we could start mining Bgold
The guys from Bgold had 16000 blocks premined (and it will be in mainnet)
The reply protection doesn't implement yet

Here is an unanswered questios:

How to explain Equihash for dummies? I just tried to ask Alex Biryukov, but there is no an answer yet. Maybe you could help to distribute this tweet: https://twitter.com/howtotoken/status/920749539652526083
How premine technically possible? It seems the mainnet software will have a patch that will add this blocks to blockchain?

What else do you think will be interesting for podcast listeners on Bitcoin Gold hard fork? (Follow the updates here: https://twitter.com/howtotoken)

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