Bitcoin Gold is Forking Off | Bitcointalksearch.org

jaysabi

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Quote from: jaysabi on October 23, 2017, 05:46:46 PM

With the imminent release of bitcoin gold (another garbage, pointless coin) in the next 24 hours, it's a good time to remind everyone that the developers are shady. This is a China-miner lead fork, it serves no purpose other than the enrichment of the developers. According to Coinbase (https://support.coinbase.com/customer/en/portal/articles/2892196-bitcoin-gold-faq?b_id=13521), the developers are pre-mining 100,000 coins before releasing the code to the public. That's shady, garbage, self-enrichment behavior, and I hope this coin flames out because it's clearly designed to only enrich the developers. So essentially, after the fork happens, the only people mining will be the developers, and when they've determined they've made themselves rich enough, they'll release the code to the public while they probably dump their pre-mined coins.

Don't be one of the dummies buying.

Looks like bitcoin gold is finally getting a release date of this weekend for the rest of us peasants who haven't been privileged enough to part of the insiders pre-mining the heck out of it.

https://www.coindesk.com/bitcoin-gold-release-cryptocurrency-sunday/

Again, I can't reiterate enough how much I hope this project fails. Nothing about this was done in a way to uphold or advance the principles cryptocurrencies were founded on, and everything about it seems like a cover to enrich the developers. Bitcoin cash looks like a bunch of saints compared to these guys.

Webetcoins

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Quote from: olushakes on October 28, 2017, 09:07:13 AM

This coin is one ridiculous coin that is beating my imagination in terms of its dropping in value that even before the official launch it has dropped in value beyond comprehension and that is just adding to the list of coins who might not be relevant in the next quarter. If the price can crash this much, I wonder what will happen on the 1st of November when a lot of people will have access to their BTGs?.

You are right it is the best time for the bitcoin and the importance of the bitcoin will remain the same so it is not the ridiculous at all, a lot of the people are now investing in the bitcoin and the bitcoin price is increasing more and more, the bitcoin is getting more and more wide and bitcoin is now being more and more famous so you will buy the bitcoin and get the profit from all the people so buy more and get more.

Sengoko

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Quote from: Jose Mourinho on October 25, 2017, 01:56:37 AM

I can not wait for bitcoin gold, will it be better than bitcoin cash or BCC? but I'm sure bitcoin is the main choice although it will appear bitcoin gold.

Bitcoin Gold… hmph, I don’t really know if this coin would turn out to be pretty good, cause from what I’m seeing, it might be very risky to invest on it. Just yesterday, I came across a post, though I never read the post, but it claims that the Bitcoin Gold Blockchain was hacked and was under break down.

gabmen

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Quote from: raven7886 on October 28, 2017, 12:46:50 PM

Quote from: Caladonian on October 24, 2017, 10:47:53 PM

Quote from: leonair on October 24, 2017, 10:29:20 PM

That is why that there must be no people to trust or invest in any kind of newly created coin because of Bitcoin's fork as it is only a copy cat of the original one and will serve no purpose at all but to only steal the fame of what Bitcoin already set to the whole world. If this statement of yours is really true then I am sure that this newly forked coin will be more worse than Bitcoin Cash.

i dont know what would be the support that this coin will received after the split, for miners they will be able to mine btc gold using gpu and what more?
after they mined they will sell it again to btc there's no real purpose same thing with bitcoin cash.

It is just very funny that it is obvious this coin will be a worthless piece of shit eventually.

No one obviously is ready to mine a shitty coin they cannot sell, everyone is ready to sell but no one is willing to buy, I am not sure even the devs will be ready to buy as they obviously may end up dumping their own with no one to buy them. It will crash to the point that you will beg in exchange for someone to buy at $0.01.

Lol. It seems to that case right now. Btg has been on a steady decline since hitting .1 and i don't think it's anywhere close to recovering. It's even worse that bch. People aren't interested really in any untrusted coins right now since bitcoin is really breaking grounds and that's where the focus is.

xaviervilla

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You damn right. Since the announcement of this shitcoin, i was already very skeptical about it. And later on knew that this coun really is nothing but a pooor effort to scam people. Which is probably why i didn't bother wasting time and effort to risk transferring my funds to an exchange that supports bitcoingold didn't even think of wasting time and money to buy a bitcoingold supporting wallet to claim my free dough. Let alone buying the shitcoin itself because i clearly saw through it. Trash. I puty those who bought a lot of this shitcoin bekieving it can be something somewhen. Oh well, toldy friends about this but didn't listen. It's their loss not mine. At least i told them.

raven7886

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Quote from: Caladonian on October 24, 2017, 10:47:53 PM

Quote from: leonair on October 24, 2017, 10:29:20 PM

That is why that there must be no people to trust or invest in any kind of newly created coin because of Bitcoin's fork as it is only a copy cat of the original one and will serve no purpose at all but to only steal the fame of what Bitcoin already set to the whole world. If this statement of yours is really true then I am sure that this newly forked coin will be more worse than Bitcoin Cash.

i dont know what would be the support that this coin will received after the split, for miners they will be able to mine btc gold using gpu and what more?
after they mined they will sell it again to btc there's no real purpose same thing with bitcoin cash.

It is just very funny that it is obvious this coin will be a worthless piece of shit eventually.

No one obviously is ready to mine a shitty coin they cannot sell, everyone is ready to sell but no one is willing to buy, I am not sure even the devs will be ready to buy as they obviously may end up dumping their own with no one to buy them. It will crash to the point that you will beg in exchange for someone to buy at $0.01.

trecore4

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That explains why bitcoin gold is dumping at this movement. It’s all the way down and it is only because of investors untrustworthy nature regarding the bitcoin gold. This sucks that after all the fork and upgrades whatever we have got is another shitcoin to disturb the blockchain. Lols. Can’t imagine how kidding this fork was and what was it’s use? If forks like this keep coming then it will disturb the bitcoin market as well. So I believe that I should be investing into this. I would rather buy bitcoin and stay happy. ;-)

olushakes

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This coin is one ridiculous coin that is beating my imagination in terms of its dropping in value that even before the official launch it has dropped in value beyond comprehension and that is just adding to the list of coins who might not be relevant in the next quarter. If the price can crash this much, I wonder what will happen on the 1st of November when a lot of people will have access to their BTGs?.

bitcad4u

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Quote from: mOgliE on October 28, 2017, 07:36:15 AM

Quote from: jaysabi on October 23, 2017, 05:46:46 PM

Don't be one of the dummies buying.

That's an advice true for 99% of coins anyway.
Most coins, and especially the ones with ICO or shit like that are just advanced ponzi schemes.
They have nothing new, nothing invented and especially no usage value as NO ONE is using them as a currency. Most coins are used ONLY on trading plateform and that's all. They're exchanged for btc in a desperate attempt to raise the number of btc you're owning.

But nothing is created here and you shouldn't invest without being self aware that it's just a gamble.

Bitcoin gold is going to be more shitty than Bitcoin Cash. In fact, probably more shitty than Doge.These are just some team who wants to scam investors and enrich their pockets when they themselves know the coin was unnecessary with no value in the first place.Many people are waiting for Bitcoin gold to Release and plan to inverse in Bitcoin gold.

mOgliE

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Quote from: jaysabi on October 23, 2017, 05:46:46 PM

Don't be one of the dummies buying.

That's an advice true for 99% of coins anyway.
Most coins, and especially the ones with ICO or shit like that are just advanced ponzi schemes.
They have nothing new, nothing invented and especially no usage value as NO ONE is using them as a currency. Most coins are used ONLY on trading plateform and that's all. They're exchanged for btc in a desperate attempt to raise the number of btc you're owning.

But nothing is created here and you shouldn't invest without being self aware that it's just a gamble.

malikusama

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Another failed attempt like the last one in august. Bitcoin Gold can't even able to compete Bitcoin Cash now and some idiots were comparing with it BTC. There isn't any strong support of Bitcoin Gold over the network and still many things are in doubt. People should need understand and avoid these shit coins because its seems that these coins are not going to stay for a long time.

taiwww

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That is very sad news to know about bitcoin gold. I was very excited about the bitcoin gold as I got it free from the yobit exchanger. The equal amount was credited my account and I’m still holding those coins. I know the coin was being dumped very fast after I saw it going from 0.08 btc all down to 0.035 btc now. This means people are not supporting it at all and started to think that developers will also nit get anything out of after seeing the ridiculous market cap for this coin. So I think I will keep the coins as they are free anyway and can dump them after the public release if the price increase for short period.

aizen10

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Quote from: jaysabi on October 23, 2017, 05:46:46 PM

With the imminent release of bitcoin gold (another garbage, pointless coin) in the next 24 hours, it's a good time to remind everyone that the developers are shady. This is a China-miner lead fork, it serves no purpose other than the enrichment of the developers. According to Coinbase (https://support.coinbase.com/customer/en/portal/articles/2892196-bitcoin-gold-faq?b_id=13521), the developers are pre-mining 100,000 coins before releasing the code to the public. That's shady, garbage, self-enrichment behavior, and I hope this coin flames out because it's clearly designed to only enrich the developers. So essentially, after the fork happens, the only people mining will be the developers, and when they've determined they've made themselves rich enough, they'll release the code to the public while they probably dump their pre-mined coins.

Don't be one of the dummies buying.

really? if this true im thankful for this information, honestly i dont want to have any coins related on hard forks because its very obvious that they want to earn by doing forks (developers self-enrichment), even it has a free coins because of the influence of bitcoin, i really dont trust any other coins asides from bitcoin. thanks for this information any way. maybe it will become a warning for those people who wants/trying to invest on that upcoming coins (BTG).

beerlover

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Quote from: rjbtc2017 on October 24, 2017, 11:28:23 PM

That's why investors should be knowledgeable enough on this kind of fork in order for them to know what is real and what is not. Bitcoin Gold will not be even able to beat or to even reach what Bitcoin Cash have reached ( like having a follower and also a cult here in bct forum). another big suspicion here is the Developer who is not even known publicly.

It is not even possible. These are just some team who wants to scam investors and enrich their pockets when they themselves know the coin was unnecessary with no value in the first place.

Everything about them was so shitty and I really wonder how they could even get listed on yobit before the fork. I am even happy that these days, the community is getting wiser by the day knowing what is right and wrong and sticking to it, so we don't just let any lazy dev give us some piece of shit.

pureclckr

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Quote from: Jose Mourinho on October 25, 2017, 01:56:37 AM

I can not wait for bitcoin gold, will it be better than bitcoin cash or BCC? but I'm sure bitcoin is the main choice although it will appear bitcoin gold.

You should stop waiting mate! Bitcoin gold is going to be more shitty than Bitcoin Cash. In fact, probably more shitty than Doge. The coin is a joke, the devs are set of jokes and they are not even trusted. I had rather use my gpu to mine a more valuable altcoin than wasting my time mining an unnecessary coin that should not in any way be in the market.

layoutph

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Shame on this BTC forking people with evil plans of getting advantage from their premined coins. I believe there will be more forkings to come. Forking is the new ICO with 100% rate of success. All you need is scumbag paid blockchain developers and hashing power.

Quote from: jaysabi on October 23, 2017, 05:46:46 PM

With the imminent release of bitcoin gold (another garbage, pointless coin) in the next 24 hours, it's a good time to remind everyone that the developers are shady. This is a China-miner lead fork, it serves no purpose other than the enrichment of the developers. According to Coinbase (https://support.coinbase.com/customer/en/portal/articles/2892196-bitcoin-gold-faq?b_id=13521), the developers are pre-mining 100,000 coins before releasing the code to the public. That's shady, garbage, self-enrichment behavior, and I hope this coin flames out because it's clearly designed to only enrich the developers. So essentially, after the fork happens, the only people mining will be the developers, and when they've determined they've made themselves rich enough, they'll release the code to the public while they probably dump their pre-mined coins.

Don't be one of the dummies buying.

Cherylstar86

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Quote from: Shamie1002 on October 26, 2017, 05:26:21 PM

I doubt that it was a good coin in the first place. Name is generally an attractive one though. But I never left bitcoin's side during situations like this. Surely if you would invest in alts I would prefer the most popular ones which or those who are transparent and have a direct exchanges. More or less it's useless. No users that will adapt leading to death of coins.

You have a point there. You mentiones that if we would invest in alts we should choose the most popluars kinds? Could you tell me few exact names of this if possible? Have you experienced using them as well? I wanna know how genuine it is. So far,I have used 2 or three coins already but if this forking off mode of bitcoin gold then that's somehow still useful. Considering that bitcoin is the main source of other coin's value in cryptocurrency. I guess it can solve any issue amongst bitcoin to bitcoin gold.

Shamie1002

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I doubt that it was a good coin in the first place. Name is generally an attractive one though. But I never left bitcoin's side during situations like this. Surely if you would invest in alts I would prefer the most popular ones which or those who are transparent and have a direct exchanges. More or less it's useless. No users that will adapt leading to death of coins.

jaysabi

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Activity: 2016

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Quote from: pearlmen on October 26, 2017, 02:05:52 AM

Quote from: jaysabi on October 23, 2017, 05:46:46 PM

With the imminent release of bitcoin gold (another garbage, pointless coin) in the next 24 hours, it's a good time to remind everyone that the developers are shady. This is a China-miner lead fork, it serves no purpose other than the enrichment of the developers. According to Coinbase (https://support.coinbase.com/customer/en/portal/articles/2892196-bitcoin-gold-faq?b_id=13521), the developers are pre-mining 100,000 coins before releasing the code to the public. That's shady, garbage, self-enrichment behavior, and I hope this coin flames out because it's clearly designed to only enrich the developers. So essentially, after the fork happens, the only people mining will be the developers, and when they've determined they've made themselves rich enough, they'll release the code to the public while they probably dump their pre-mined coins.

Don't be one of the dummies buying.

I saw the pre-mined 100,000 for themselves the developers and I was thinking what could be wrong but they would surely have an argument for the defence because a lot of project here have provisions to take care of the developers and that 100,000 of the total 21,000,000 is actually a fractional percentage of what others developers are keeping for themselves. What matter is what will happen to that 100,000 will be the real determinant whether BTG will live to see next year or would fade away.

What's wrong is that if they were truly trying to release bitcoin gold to fix a problem they viewed with the code or the way bitcoin operates, then you do that on idealistic principal alone. Pre-mining the coin is only about enriching yourself. As it is, the motivation behind any hardforks at this point should be viewed with suspicion, but add on top of that an action that is blatantly about enriching yourself and you have a scenario where you don't deserve to be trusted.

Bitcoin at its core is about decentralization and not letting anyone control the money supply, and now we have a group of developers that are basically giving that notion the middle finger as they alone control the ability to create BTC Gold right now, and are using that power abusively in the exact way that bitcoin was designed to prevent.

mamesso

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Terrible I think this is a crime, they do a monopoly.
and the more people who do this the more junk coins.
stay away from this behavior.

Topic: Bitcoin Gold is Forking Off (Read 1217 times)