Bitcoin Forum

I'm not really convinced about Bitcoin Gold but maybe i'm wrong. I'm curious what you think about Bitcoin Gold so feel free to vote or share your opinion here.

Never heard of it, sounds like just another scam coin to add to the list, please move topic to altcoins.

Wouldn't say its scam, but one of those coins who will be forgotten next year

BTCG has a promsing future in my opinion.
Its more decentralized then Bitcoin Core, with using the equihash algo.
The common miners with their GPU are taking back control.
Not with BTC who's been monopolyzed by ASIC farms.
So i actually like BTCG.

BTCGLD can be a good one, but actually, what about the roadmap? does this one finish? lot of questions.

We can talk about the snapshot, the replay protection.

check it out
https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/?st=j8k7d3pc&sh=cba2ef5d

I do not know, I'm too focused on bounty. bitcoingold will be available for free for those who have btc? whatever it is, hopefully can bring a good impact on the development of bitcoin.

I found BTCG interesting too. Probably because it is my first time experiencing a BTC fork. Will wait for further updates on this, crossing fingers that this will benefit many.

I don't care about it, anyway. Is it the result of Bitcoins hardfork? So confusing why hardfork has to be done when in fact bitcoin is stable at this time and seems to last for a long time. I also heard about airdrop about bitcoin gold and actually joined in the airdrop but nothing really happens.

They are working on no replay protection as we speak.
Then made a PDF document, answering all these factors.
Check their twitter and read it.

A fork is not a snapshot, a fork is a fork.

What replay protection?

Working on it doesn't mean it is done (and tested) yet. Time is slowly running out, unless they want to delay once again.

Only time will tell us which one is good but for now, I don't think it is going to be a better than bitcoin.

I really do not know how bitcoin gold is going to work out. I can see lots of people dumping it straight away. It will be interesting to see gpu mining of it.

honestly.

It I don't care much about it.

BTCD, BTX, BCH, BTU and now BTG.

Let's take a look at that, shall we?

This is Ethereum (ETHash, a GPU algo):

https://i.snag.gy/sxUYMW.jpg

2 pools share 52,4% of the global hash power, 3 pools share 62%, 4 pools share 71,3%

---

This is Bitcoin (SHA256D, we know that one):

https://i.snag.gy/4Rpi1L.jpg

2 pools share 33,3% of the global hash power, 3 pools share 45,7%, 4 pools share 57,4%

---

You need 4 pools on BTC right now to cross 50%, you only need 2 pools on ETH.
Tell me again, how are GPU mining coins more decentralized?

If this is an assassination plot for bitcoin and if the second Hardfork will be proven a danger for bitcoin can we stop the plot in a core developer in what they are doing? and I think that article is just a speculation even if they have seen a one email address for something like that doesn't mean they are plotting something, and beside I think the community would be aware of it when something come up about bitcoin.

Same as what happens to bitcoin cash, I don't think it can make to the top as the first bitcoin did.


Yeah, it was made with better features than bitcoin but I don't think investors will support it as they already has one (which is bitcoin and not bitcoin gold), I really think that investors will deny it after getting what they want from it.

It's getting a bit ridiculous. Bitcoin Cash, Bitcoin Gold, what's next?

Bitcoin Silver,Bitcoin platinum,Bitcoin Strontium etc  ;D ;D

Just another stupid attempt to make free money , If they are really offering things better than the real BTC why not just make a new coin  ! , What we are witnessing here is just another attempt  trying to control BTC and they will fail  like others did , It is not really matter if they are offer something new they will just fail . If you are really have something new to offer then go make you own fking coin and stop try to fix something that do not need to be fixed .

Also I think this new alt coin is pure scam , And thread related to it should be opened on altcoin sections not here .

I really think it just another drama whenever bitcoin reach a new alltime high, just like bitcoin cash. But if its free money at first for every bitcoin holder, then why not? This coin might not become as big as bitcoin but i think it worth the try

I have a feeling that some people see hardfork as a simple way to get some serious funds. Problem is if this happens too often, it will affect the trust in bitcoin. Fact is that after the fork, new coin has some price. When you combine original btc + fork price, you get a significant increase in total value. But where is this money coming from? It doesn't' it's just a perceived value. So basically some of the actual funds are overflown into the new coin since you can sell it for fiat. I'm not a financial expert but this sounds like a problem to me.

When bitcoin cash is being introduced that time it's value was bigger than ETH and next to the bitcoin price chart but now it's value deceased to low amount recent days now again started increasing. You should not believe this don't go for the purchase for this coin or bitcoin gold.

So think of all because you hope to get the bitcoin gold for free. We have nothing to lose. But to coin had the value of need to anyone bought. Who will do it? There will never be trust and respect for the money that you got for free. Those people who win the jackpot in a casino rarely change your life for the better because you don't earn this money and have not learned to appreciate them.

So this is becoming normal. Some people come together and say "look here free money" let's make another bitcoin fork, bring down the price
of btc cash and never give continuity to our project again. The result as we can see is the price of bitcoin rising again, because people want a slice of that btc gold
and the altcoins market bleeding like was before.

Is this bitcoin gold the other coin that will come out of fork? Just like bitcoin cash? If so, i think it would not be that significant. It might affect bitcoin by just a little in the beginning but give it a few weeks or maybe a month then bitcoin will be back on its track, continually rising. In terms of trading this may be a good investment but not for long term as some if not most of alt coins gets forgotten as time pass by. I think there will be 3 to 5 coins that will be traded the most. The others will be forgotten in a few months or year. Bitcoin is still the best bet

This is another shitcoin in my opinion and it will never stop as long as this fork is happening. This greedy people will always exploit this system upgrade to their advantage earning millions of dollars to their pocket. Beware of this  another FUD news.

I don't think it is worth keeping it. After bitcoin crash disappointment, it is going to be yet another disapointment. What I wish is these people holding large influence on bitcoin community to stop making decisions for personal gains.

I don’t care Because time now for bitcoin at it is leader  of other altcoin and all Depend on it

other altcoin may need to take about 5 years to get some success

all your options can be true at the same time!
bitcoin gold is a crap altcoin fork from bitcoin which decided to have a very large premine and many people in cryptocurrency sphere consider that a big scam. so that makes this coin a "crap"
but that doesn't mean it is not interesting though. the airdrop that it will perform will be a good chance to make a lot of profit for many. you can just sell your reward and enjoy it, you can start trading it and enjoy the initial big swings. and a lot of things like that. which makes it "interesting and exciting".

Bitcoin gold is going to be mined by a large ASIC producers company.

I just don't believe that they have enough power to maintain a strong chain, and I think that soon after the chain comes out we will see a decrease in difficulty.

It's another way for the whales to make money, it's like a trend and that's what the whole market is based on, trends.
Just like they used to make money off ICOS, now they are making money by forking the chain and having a new coin.

Bitcoin cash (last forked coin) is still struggling to gain some community support and now another fork  ???
I don't think this will be any good in both short to long term, on first few days of listing whales might try to pump both price and mining difficulty to attract new users into it but all those free bitcoin gold will come to market within few days which will just dumped its price to hell.

I am still expecting a detailed explanation on it as we saw in the case of BCH but I am not keeping my hopes high until the coast is clear for its use. Either way, I don't think its generating the amount needed attention as BCH did. For BCH to have this drastic turn, I am not expecting much difference from Bitcoin Gold. Anyway, wait and be part of the air drop that is just some days away and from there, we all decide what we all want to do with. For the record, I care about it.

All of us will be getting free coins. So what is the need to complain? If you believe that it is a shitcoin, then please don't claim your share. Previously, I had claimed my share of Bitcoin Cash (in August) and this time also I will be claiming my share of Bitcoin Gold. I will be keeping a part of my stash and converting the remainder to either fiat cash or Bitcoin.

Bitcoin Gold is a failed attempt to scam some people in the community, im glad it has been exposed already and i hope no one will fall for it.

Will wait for further updates on this.
You never know what to expect.

I don't like the idea they propose and I have read a lot of bad things about it.
Furthermore, there is information in twitter about 2X being traded before the fork actually happening.

This is the URL and the graph.
https://twitter.com/BitcoinErrorLog/status/918135931613392899

Can someone explain what does that mean?

Bitcoin Gold (BTG) is not Segwit2x (BT2).
BT2 is currently being traded as Chain Split Token (CST).
Here's an explanation by bitfinex on what they are and how they work:
https://www.bitfinex.com/posts/221

It is exciting for me because i think that it will be a good bonus for the bitcoin users because they can get money from holding bitcoin and it is like an early christmas gift for the bitcoin holder so there is not valid reason to think negative things for the incoming fork that will be named bitcoin gold as another kind of forked coin of bitcoin.

I heard that Bitcoin Gold could be mined with the processors. really a very nice feature for me. Because everybody turned to the Graphics cards, there was a Graphics cards problem in the market, now assigned to the processors.

"the processors", you might have to specify that.

There's GPUs, which is short for graphic processing unit
And there's CPUs, which stands for central processing unit

equihash performs considerably better on GPUs than it does on CPUs.
I wouldn't try mining any equihash coin with CPU right now, Cryptonight/Crpytonote is way better for those.

I wait btcgold and will sell)

well it doesn't depend rather it is GPU or CPU. only thing matter is their processing speed.
the fastest the processor the faster the mining.

when?

I've did some research. First of Bitcoin Gold is a truly scam. It did not even finished programming and not polished. This coin developed by one man and he did not keep with this date... also he premined a lot... Bitcoin Gold hard fork may never be happen soon... I mean it can be made technically but not publicly. Also check github developer's comment. Also I think Bitcoin gold can not effect to bitcoin price since bitcoin craze itself. I mean people buying bitcoin around the world did not even know about BTG.

In my opinion, bitcoin gold just scam. It's in fact a pointless fork that almost no one supported.

I think bitcoin gold is very interesting because it has advantages that are not in another coin.
I am very impatient, waiting for creation of gold coins.
This is a very rare moment.

when this new bitcoin fork will occur???

May be other ALT coin will eventually :( disappear.

Judging by the information of specialists that I managed to read about Bitcoin Gold coin breaking on October 25th, it will be a good coin, available for mining on computers with medium-to-high-power graphics cards. And all reviews like "shit", "stillborn" I consider groundless. How many altoquines, but none of them were subjected to such attacks before the creation of Bitcoin Gold.

It's just a waste of time

Very accurate, bitcoin gold is a clear attack on bitcoin as a crypto currency but is doomed to fail (if it actually goes through). Assuming it goes through I don't think it will have much of an impact on bitcoin price wise. But I am still hoping that it doesn't go through.

It's a distraction. People are chasing to get it by selling off their altcoins, thinking they are going to buy back their alts for cheaper once they have Bitcoin gold. What is going to happen is while they HODL their BTC for the fork, smart money is going to buy up all the cheap alts just prior to the fork. Those that now have their almost worthless bitcoin gold will then realize all the alts have shot up and they will have missed out on much greater gains than they will get for this dump coin. This project is in no way comparable to the previous fork.

actually i dont care about bitcoin gold . but becouse of bitcoin gold make price BTC current increase,so that have big efect. many people buy BTC to get bitcoin gold free.

Wouldn't say its scam but it will be one of those coins who will be forgotten next year.

Accoding to my knowlegde there is no official information about bitcoin Gold

Of course there is.
You can read more information about the upcoming fork right here:

https://bitcointechtalk.com/bitcoin-gold-what-you-need-to-know-8b3e645be409?gi=a0d200ef176

Anyway , as I was telling before, I think that bitcoin gold is just a way of making more money for the people who owns bitcoin.
I think that there are some sharks at the top of the bitcoin world who are making a very large amount of money of this fork from new people who are being confused that bitcoin gold is the regular BTC and they buy it.

seems like a bad coin imo

Although i havent read on the full scaling of the coins and etc, but a fork of bitcoin with change of algo concensus might not really perform well

I find it exciting in that it democratizes mining, which seems to be more in keeping with the decentralized spirit of bitcoin. Anti-asic is also an important step towards mass adoption.

bitcoin gold is slated to launch on October 25, with its cryptocurrency being opened to exchanges on November 1.

 bitcoin gold looks like it could be even smaller that bitcoin cash, at least in that not as many miners seem to support it.

With bitcoin gold  and another hard fork slated for November,
more forks would spring up in the future

As we see in the poll public opinion is split about BITCOIN GOLD.We are not sure its good for bitcoin future of not.

Bitcoin gold in latest cryptocurrency increasing I think is this month (October) and a lot of people are really feel interesting about that fork because this will change the way people invest and the use of internet will also increase only because people really want to know the new advantages f new currency that’s why this will change people life.

You know! A lot of people were talking about bitcoin before sometime that the use of bitcoin will decrease after the releasing of bitcoin gold (new currency) and the price of bitcoin will goes down but I think they are totally wrong because those people who see their self and believe due to the bitcoin they will never leave bitcoin and invest continuously whatever what happed.

I don't like bitcoin gold at all, first of all, many people have been saying that this is a scam and also that they have already forked and premined a lot of coins. The bitcoin pump was so huge but it will not stand, we may see
bitcoin below 5k again.

iam really Interested in the new forks becourse i missed the old bitcoinCash fork :D
now iam ready for the new forks and have my walled by me so i will get the frok  ::)
but i think i will exchange it to bitcoin becourse i tust in bitcoin as many others do i think !



kind regards

I'm just interested for free bitcoin gold. i gave up GPU mining. The bitcoin gold just race with bitcoin cash when i get free bitcoin golds i will sell them rapidly.

Viva la Bitcoin  8)

Many home miners are interested in this coin as they think this can bring them back good profits from mining they once had. We have to watch the developments of this new coin, it is based on the Equihash algorithm which is used by Zcash. The problem is there is no clear road map until now and replay protection is not added until now.

I think this time this fork will drop very much and not like Bitcoincash. Although it is possible that the whales will again deceive everyone

Bitcoin Cash - BitcoinGOLD -BİTCOİNSCAM

On one site, very good project, because bitcoin (gold) is going to democracy.
No more one company (i think it's bitmain?) make the rules.
On the other site, i agree with you it seems to be a little bit chaos by the bitcoin devs.

I think i'll try but i'm not so sure. Most of the people aren't sure about it.

 I know a lot of people try it straight away.  I also keep myself difficult. Is it worth taking the risk?

Because the miners are focussing into another major token such as ethereum, As you can see about the fact that not a lot of people are interested to get the bitcoin gold even the miners itself. Some people already mentioned about the winner will be the coin that had the majority of the supporters from the miners.
Bitcoin gold is GPU based coin and that just same with another coin that has used the name of bitcoin to catch the interest by other person.

I dont think that this is a scam, but its no a good coins with a future. Sooner or later the people are not intersted anymore and it will fall in the price.

Only 10 days left, no exchange has yet announced to be listing bitcoin gold.

I see bitcoin gold  like a joke , the bitcoin cash still  being a altcoins with bitcoin cash very cheap .
 
Compare bitcoin gold and bitcoin cash , we see bitcoin cash better bitcoin gold,  i will invest my money for bitcoin cash.

Oh, that is not the info that I want to read when considering investing in Bitcoin Gold. The coin should get dumped within their first week.

the rate at which bitcoin is forking is not funny anymore.seems like some group of people just come around and say 'hey lets fork bitcoin so we can get some free cash,pump it then dump it for people who are unfortunate enough to guy'.take BCH  for example just after the fork it was selling around $1400 but toady it less than ETH struggling somewhere around $300.i think to many fork is making btc loose it ironclad decentralize attribute

the fork will be due soon .Bitcoin gold can become a good altcoin or might flop.This is very unpredictable

This fork is the reason exchanges are on a downtrend lately. I find it very disruptive to the economy. No matter how you look at it, its free coins so people, like myself, jump in on the prospect of getting as much as we can. But im guessing this will get dumped immediately due to the next hardfork segwit2x.

So, in short, Bitcoin Gold does not bring anything new on the table? It's just a ZCash version of Bitcoin and a 'get rich quick' scheme for developers?
The last time I checked the code didn’t have proper replay protection so… No thanks! Nobody should risk losing their very valuable Bitcoin over this, imho.

Frankly, I answered 'I don't care' to the poll question.

I am not sure what is going to happen, but I prefer to collect some altcoins when their price becomes lower. They will increase after fork, in my opinion, and it will be more adventageous.

I would say the BTC will still be the BTC, and the Bitcoin Gold will be just one of the normal altcoins.

It's just a game to make profit.

Yeah but that's not really true is it? There are huge GPU mining farms which will potentially do the same as ASIC farms do right now with btc.

I have some bitcoin gold and I will invest for savings in the future.

I'm not impressed with bitcoin gold. It will be the same story all over again as with bitcoin cash. A pump & dump, then out of the spotlight.

It looks like I am successfull investor))

Bitcoin Gold is coming.I hope this coin is great.I am excited for Bitcoin Gold & I am waiting for this coin.I believe this coin is good development & future bright coin.I try to invest Bitcoin Gold.

I won't buy bitcoin gold and will try to dump it as fast as I can. But I like the congept of GPU mining. It will bring new possibilities for altcoin miners for sure if this is not scam.

I wonder what your confidence is based? All we saw after the fork appeared Bitcoin is cash, and what you see in them the future? It seems to me that bitcoin gold will be even worse. I remain a supporter of BTC. It has proved its vitality and it is for me, the main indicator for any currency.

I think that's another stupid fork which will only lead to some short-time profits. I will exchange it as far as i can and then i will be looking forward seeiing it going down

Just another coin to dump straight into BTC imo

I think i will do btc gold mining

Bitcoin gold gives me a feel like past is repeating itself. Sometimes I feel like it is a sibling of bitcoin cash and I hope this is not going to be the case. Some people have also labelled it as a scam and not many are showing trust in this upcoming fork.

Buying it won't be a mistake as far as it is not purchased at the cost of bitcoin itself. Sometimes, I feel like people have become tired of the forks.

BTC Gold would be profittable if the exchange sites give the same value with balance wallet BTC as they did it in BTC Gold. But that means prices of altcoins would prepare to dump. Because most of invester likes that free money from BTC.

Bitcoin gold was just like  another altcoin out there , It may have a value for some time but in the long run I don't think it will last and will become a deadcoin , so as soon as I received it I will dump it again on the exchanges and change it for some bitcoins

The same value as the did with BTC Gold? Do you mean Bitcoin Cash? People holding bitcoin will receive the same number of coins in a 1:1 basis but the value is absolutely not going to be the same as bitcoin and HIGHLY unlikely it will not have the same value as bitcoin cash.

Will there be an electrum version to support the Bitcoin Gold?

Yeah,bitcoin gold doesn't gonna match the bitcoin value.I don't think bitcoin gold not gonna make any changes in the crypto currency world.I think the value of BTG will be more or less $500.So i don't care about bitcoin gold i think most of the people don't too.

there may be. but there isn't so far any. and be careful if you saw one out there, it may be something that tries to steal your coins (both bitcoin and bitcoin gold) if you try and install it.

things like Electrum need some demand first to be created. the servers are a little costlier than normal nodes if i am not mistaken. and someone has to fork the project and adapt it to BTG standards.

I think it will be another altcoin, just like bitcoin cash.
I don't see end in this bitcoin forks and airdrops, we can see once in a while splitting chain and new altcoins so someone who is holding larger amount of bitcoins can get more money.

Yeah i know that. Wouldn't use such a version on the same PC I already use Electrum for my Bitcoin. And the best thing is to trade away the bitcoin after the fork to a new address before you import the private key anywhere.

Electrum servers are decentralized to a certain point. Someone forking a client for BTG wouldn't have to worry about the server cost factor, as that task is taken up by the community (in the best case).
That being said, running an Electrum server needs an underlying, running full node, besides Electrum itself, and thus is a bit more ressource intensive.

I think the demand exists, but the people behind BTG lack the necessary manpower, time, and possibly also knowledge, to get this task done.
They hardly got their full node client ready in time for their proposed forking date.
Compared to BCH, there's less time for preparation, the group working on it is smaller, and the developers seem less experienced.

Where to keep the bitcoins to obtain bitcoin gold? Is electrum wallet good?

People said Bitcoin Cash would instantly go to zero because everyone was just going to sell it as soon as they could. But it's still up going to $325 at the moment.

When I get Bitcoin Gold I do exactly the same. I believe that Bitcoin's hunger is a true loud name.

exchange? maybe better store some btc just in private key or in general in a cold wallet.
I am scared enough to trust an exchange with a clear position about a fork. Ok free money but make attention because these are "delicate" moment.

I would love to find out more about the BTG development progress. What is the source of your info?
Do you think that they will not complete the planned before the announced deadline?

In my opinion, Bitcoin Gold will be the backup Bitcoin for Bitcoin original or an option for someone want to mining Bitcoin without Asic mining and use GPU.
If Bitcoin Cash has 8MB blocksize, Bitcoin Gold has a function is support GPU miner mining Bitcoin in future.
But to be honest, the price of Bitcoin Gold will not high as Bitcoin original :)

This will undoubtedly be like Bitcoincash, and its price will fall rapidly. Why do people still believe such nonsense things? These things do nothing but reduce the value of Bitconi! It's just bullshit!

Bitcoin Gold? What's that? I mean is it an imitation or a junior version of bitcoin? I don't know anything about it and never heard of it. But I'll just research about that certain bitcoin gold. I'm not sure if it will hit a jackpot.

Mainly Github.

They've added a firm forking date (an exact block) on their website with the latest update, which makes me think they're confident to finalize development until that point.
I do not think they're bold enough to go through with the fork if they haven't completed important tasks like the replay protection until that point.

It's really interesting what to do with a coin in the end. Very much hype with a small amount of information. Will see.

I have a lot of faith in Bitcoingold and I think it will succeed. Many people for Bitcoincash were disappointed because the price was too low and did not rise. I pray to God that it will not happen to Bitcoingold.

I am not sure who these people are, that are disappointed from BCH and what they expected. I mean, they got a coin for free that was worth more than $900 at its ATH. What do you want more? I am pretty sure Bitcoincold won't be that successful.

the decision about whether or not to have bitcoin gold is your choice, but I suggest not to choose it because in my view the coin will not last long

I don't know yet. I am also thinking about Bitcoin Gold thing and what is the right thing to do about that. We must follow our instinct but face the consequences.

Looking at the poll up there is eye opening . 39%  thinks bitcoin gold is crap, 20 outrightly don't care about it. So the question that come to mind is, who is buying bitcoin ? Because everyone keep saying the speculators are the reason for bitcoin price.

I seriously doubt Gold does better than Cash...

They buying to grab some bitcoin gold on the fork and might definitely sell it right after they redeem it. Thats how it works,a little hold for now tgen dump later.

Let us just wait and see what will happen next. Let us all wait what good benefits a bitcoin gold will bring us.

Bitcoingold and Bitcoincash were driven into the market to attract attention so they will be quickly forgotten.
I totally agree with you

I too think that bitcoin Gold will do much better than Bitcoin cash (BCC) but still i have doubt that it can pass the bitcoin original.

Unpredictable future of this coin, this coin looks good at the beginning.
but there is no power to survive for the next few years.
I started worrying about BTG. ;D

so many people are waiting for bitcoin gold. even it had affected the price. well, I guess that's fair, because when looking at bitcoin cash, there will be many who think that this will be the same as bitcoin cash.

Can I receive bitcoin gold if I keep my bitcoin on blockchain.info wallet? If not, which one I can use to store my bitcoin to receive bitcoin gold?

I don't know but it has had a huge impact on the market. Its like it can't even come back to what it was.

You know! A lot of people were talking about bitcoin before sometime that the use of bitcoin will decrease after the releasing of bitcoin gold (new currency) and the price of  bitcoin will goes down but I think they are totally wrong because those people who see their self and believe due to the bitcoin they will never leave bitcoin and invest continuously whatever what happed.

It may start with the bang hit then people getting it free, they all will surely dump the bitcoin gold for the original bitcoin, making bitcoin prices more higher than before. and making bitcoin gold less valuable.

Bitcoin Gold (BTG) plans to hard fork the cryptocurrency on October 25, creating another version of bitcoin in the process. The project was first made public back in July and was created by Jack Liao, founder of Lightning ASIC, a mining firm from Hong Kong. The fork will include the adoption of a new protocol that will change some of the consensus mechanisms relating to bitcoin. The result is that miners would be able to go about mining for tokens in new ways. According to The Internet of Money, the new BTG will make use of the Equihash algorithm that Zcash uses, rather than bitcoin’s SHA256 algorithm.