Topic: Bitcoin Gold premined? - page 2. (Read 1223 times)
With it being pre mined to me it looks like it could all be dumped very soon after fork. I'm sure some will make some serious profit of this.
@Catmoney
Not sure I really understand it but isn't a 1% premine equivalent to about "45000 bitcoin golds"?
21000000(total)-16500000(already mined bitcoin) = 4500000 coins left to mine in total.
Not sure I really understand it but isn't a 1% premine equivalent to about "45000 bitcoin golds"?
21000000(total)-16500000(already mined bitcoin) = 4500000 coins left to mine in total.
I think that the idea to decentralise mining is really solid. I hate the idea that bitcoin gold is just a scam to get rich from a premine.
As yet there is no confirmed information about the premine either way. So will just have to wait until I know before I decide to support it or not.
As yet there is no confirmed information about the premine either way. So will just have to wait until I know before I decide to support it or not.
The amount of bitcoin gold that will be premined is not fixed so it can be way less or more than 1% which will be around 200k of bitcoin gold. This simply means total supply of bitcoin gold will be more than that of bitcoin also large amount of bitcoin gold will be in hand of few peoples so its better to not invest in this one. I will just sell whatever I will get on fork.
Grabbing popcorn time for me. It's gonna be a fun ride with the fork this time around.
it is premined which means after release the developer will get a huge amount of BTG tokens in his pocket for doing nothing.
it is bad because it makes the project look bad and like a scam. which is what all the scam altcoins have done to make money for doing nothing.
an honest developer doesn't need these types of action to make profit from his own project. an honest developer is someone like Charlie Lee of Litecoin who has invested in his own project with hard earned money like the rest of us and he made millions when he made LTC popular and big.
a premined altcoin can never become successful in the long term. it will always have that premine as a big black scam mark on its forehead till the end of its days.
it is bad because it makes the project look bad and like a scam. which is what all the scam altcoins have done to make money for doing nothing.
an honest developer doesn't need these types of action to make profit from his own project. an honest developer is someone like Charlie Lee of Litecoin who has invested in his own project with hard earned money like the rest of us and he made millions when he made LTC popular and big.
a premined altcoin can never become successful in the long term. it will always have that premine as a big black scam mark on its forehead till the end of its days.
How much premined?There is yet another fork in november.
waiting for another hard fork to come and fork the senses out of bitcoin gold 
. Bunch of greedy folks out there. I guess its just the beginning of the end for Btc Gold. 
. Bunch of greedy folks out there. I guess its just the beginning of the end for Btc Gold.
From offsite (doc Response to Recent Misinformation [email protected], not avible now, but in google cache):
Official statement:In the earliest days of the Bitcoin Gold project, before the team had expanded to include contributorsfrom all corners of the globe, there was an idea for a pre-mine and sale. As written above we did putaside this idea. Currently there is no pre-mining ongoing as the core code is still being developed. Weare open to any kind of questions in our Slack channel.
Official statement:In the earliest days of the Bitcoin Gold project, before the team had expanded to include contributorsfrom all corners of the globe, there was an idea for a pre-mine and sale. As written above we did putaside this idea. Currently there is no pre-mining ongoing as the core code is still being developed. Weare open to any kind of questions in our Slack channel.
I just hope Bitcoin gold mining will still be profitable by mining with our GPU's.
That the tokens allocated to Bitcoin holders are mine in advance by the developer, I really don't understand what the team really want to gain with this project, he should just drop the thing and save face
Yes, that's what the word out there Bitcoin gold is premine instant millionaire scam
Just read on twitter @bitcoingold an update and it says that bitcoin gold is premined? what does that mean?? good or bad?
https://twitter.com/bitcoingold
https://twitter.com/bitcoingold
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