Just thinking.. If there is lots of lost Bitcoins how there can be MORE Bitcoin cash than bitcoins in Circulating and will that be same with Bitcoin gold? I am quite sure that lost Bitcoin are not Claiming Bitcoin gold whit out owner. So can someone explain this to me? And this whole fork think is just duplicating money for big owners and long term this might cause problems and whole market might collapse. I really hope that the is no single fork for Bitcoin.
Yes there are lots of lost bitcoin and every fork has the exact same lost coins all forks have a maximum of 21M the reason there are currently more bitcoincash over bitcoin is the EDA which allows the miners to mine really fast unlocking the rewards faster the total on both will still be 21M its just bitcoin cash will get there faster (which is bad) |
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$BTG for me is another altcoin, but, I can use it to mine with my GPU cards, I'm tired to mine $SC ou $DGB.
It is the team behind it are not trying to take over BTC and admit its just an alt but its a alt with the same fundamentals as BTC and is minable by everyone and the same scarcity |
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I don't disagree with your conclusion but your logic seems to be marred by regurgitation of talking points.
ASICBoost is a non-issue and really doesn't increase hashing that much in the current environment. Furthermore, ASICBoost was patented by a KORE DEVELOPER. Nobody was screaming bloody murder about it when Lerner filed for the AB patent or when he licensed it to Bitmain. Doesn't that make you wonder why they got everybody worked into a frenzy about AB just when they needed Segwit to get rammed thru?
What do you meann ASICboost doesn't increase the hashing rate in the current environment? If you mean the other chain, then that is true. If you mean the Bitcoin Cash Chain, are you stating the 20% increase in hash rate is vastly overstated? Also if you think for more than one second, Ver and Jihan are pumping hundred of millions into BTC, and probably much less into BCH. Jihan runs the largest BTC mining hardware manufacturer, why wouldn't he be pro-BTC? He likely has millions of his own fortune intrinsically tied up with BTC's fate. Ver was known as "Bitcoin Jesus" for giving away what is now millions of dollars worth of BTC. I think it's safe to say he is pro-BTC. The only thing they don't like is the Kore team and how they are deliberately crippling BTC with 1MB blocks, Segwit, and RBF, to provide an excuse for Lightning to save the day. Which you should know is such a stupid plan, if you've read any current research on the subject.
Ver probably has the best of intentions. However, Jihan's motivation is to have as much control as possible; not only with the mining aspect but with the direction of future development as well. If he can basically get KORE fired, I'm sure he'd be more than willing to fill the gap. How perfect for him to be able to totally control the destiny of BTC. In the mean time, if he can't accomplish his desire for absolute power on the BTC chain, he has Bitcoin Cash that he can totally control. Large blocks are not a problem like Kore screamed relentlessly they would be, and fees are 4000x lower on BCH. High fees and a bloated mempool ARE problems on BTC that have real and grave consequences for BTC, that have drastically reduced BTC's crypto market share AND the BTC adoption rate. These are just facts, yet the Kore fanbois (not saying you are one) just keep burying their heads under some more sand every time they are asked to address it.
I happen to know from experience that large blocks can be a problem for casual users. I happen to own a shitcoin that made the mistake of having 30 second blocks. My computer has a hard time keeping up with these blocks, because it needs to spend time downloading the new blocks and verifying them. Since most of the blocks on this chain are empty, I can't imagine how difficult it would be for my computer to keep up with blocks that are near capacity. In order for a coin to properly scale on-chain with 10 minute blocks so that it can realistically compete with Visa, you would probably need 1GB blocks. This definitely would exclude a casual user from realistically running a node. It would also make entry for any start ups who need to run a node, like a new exchange, more difficult. PS: I am not running a Raspberry PI. 1GB blocks over the next 10 years would mean needing to download, store and verify over 500 PetaByte that's huge Even 100MB blocks would be 100 TeraByte over the next 10 years The 8MB blocks now would be 4 TeraBytes over the next 10 years And the BTC 1MB blocks would be a measly 500GB over the next 10 years The above would be true if all blocks were full which can be easily inflated with spam attacks etc that's one of the reason to have smaller capped blocks over unlimited sizes With a unlimited block size yes it would be cheaper and you could spam the mempool all day long to yourself with 0 fee transactions making the blockchain huge and it would cost you nothing now try the same with a capped block and it's going to cost you a fortune and you may as well just burn your money Just blindly increasing the blocksize is retarded first you should optimise the storage medium (Segwit>schnorr signature etc) then scale up as needed |
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I don't understand why everyone so excited about this scam? Bitcoin Gold will not mimic Bitcoin Cash "success" aka Pump.
Bitcoin Cash had or has real money from Roger Ver and Jian Wu backing it up. This scam has absolutely nothing but a premine to dump on your heads.
People are dumping alts for something that is worth nothing, nada, zero. Grow up and take care.
Its because its GPU based (equihash) there are a lot of GPU only miners out there that are forced to mine the likes of etherium because they can not compete with the huge ASIC farms This is completely different to the bitcoincash launch because it was competing with huge mining firms for SHA256 hashing power and had a huge backlash from the BTC crowd for this reason BTG seems to have a much more positive reception and if there is any value then you can guarantee there will be huge mining support |
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Question to the developers, there is no bleutrade.com exchange on your site, but they have already started trading BTG since October 19th https://bleutrade.com/exchange/BTG/BTCThis is normal? or SCAM? ?? why BTG started , do BTG start 25th october ? Its a IOU (futures market) basically trading what you will get based on your current BTC balance |
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not possible to decentralise it again because it's premined by devs - be careful guys
How does having a small premine make it not possible to be decentralised if there are 100s of full nodes and 1000s of miners all over the world Its like saying BTC is not decentralised because satoshi mined and owns a lot of coins (estimated to be 1 Million BTC) on bitcoin when it was easy and the reward was a lot |
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Well, guys today everyone like crazy rushed to buy bitcoins in hope for free coins. I wonder how much bitcoin gold will cost?
So far futures are looking close to 0.03-0.05 BTC so could jump straight to #5 possibility #6 on coinmarketcap If that is the case then expect larger exhanges like bittrex, bitfinex etc etc to also list and then the value could match or even exceed that of bitcoincash |
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Please tell me, Tresor is also designed for the production of bitcoin-gold?
I don't think the TREZOR will support this straight away due to being so close to launch and not ready yet but may do after as month or so |
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BTW what happened to tek and the other trolls on this thread, are you all done dancing about the BCH dropping to almost 0.05 BTC?
Still here just nothing to say BCH is kinda stagnant nothing is happening Also what happened to all the other supporters this place is turning into a graveyard |
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...
There will be a small premine <1% the developers are currently working hard for free and im following the progress and looking over the modified code on github eventually these developers will want paying for all the work that has been done and that is where the premined coins will go.
For those of you complaining about a small premine which would you rather have the project being self financed and able to serve the community as best as possible or corporate funding that may want to dictate on the direction of the project
I think you are overestimating the amount of work that the Bitcoin Gold developers are putting in. Take a look at their Github and you will see that they haven´t actually done much work in the last weeks at all: https://github.com/BTCGPU/BTCGPUThe whole premine makes this whole project look rather shady. I expect extremely low price levels if they even get listed at any exchanges at all! is not where the majority of work is being actively done its just being merged here afterwards |
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can i use the private key that i used to claim bitcoin cash to claim also this one bitcoin gold? or i need to move again my bitcoin?
You can use whichever private key your BTC resides in if your BC is still in the same address then yes |
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yes, we heard that 16000 blocks premined until 25th october before fork, right?
this is because you want to be the longest chain . Do you plan to airdrop some of these premined coins to us for to build a stable community
or just keep all of them to yourselves?
on the other hand, btc holders again one more time rich!
this not done yet, i see they don't take the final decision about premine, but till now i see there is no premine. they said they will remove premine, and then saying if there is premine, it will be lower than %1 premine. anyway release time will answer all these questions. There will be a small premine <1% the developers are currently working hard for free and im following the progress and looking over the modified code on github eventually these developers will want paying for all the work that has been done and that is where the premined coins will go. For those of you complaining about a small premine which would you rather have the project being self financed and able to serve the community as best as possible or corporate funding that may want to dictate on the direction of the project |
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There is speculation that the creators have a special interest in the project as they sell mining equipment specifically suited to mine the equihash algo. Also, the team initially pre-mined blocks for the purpose of holding an ico, which never happened. These blocks may still be pre-mined.
The only mining equipment I can see on their website that can mine equihash is a 8x GPU Miner (RX470 4G) no different to what you can buy at your local computer shop just prebuilt There is still a plan to do a small premine as far as I know which I cannot see a issue with People complain about other coins/forks saying they sold out to whoever and cannot be trusted etc etc all devs need to be paid they don't work for free especially if done full time what would you rather have a small premine and be self financing or taking corporate funding and be branded as selling out |
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What is Calvin ayre media group and why should we care what this person thinks?
I'm getting kind of tired being told to respect the opinion of people I've never heard of.
https://en.wikipedia.org/wiki/Calvin_Ayre IndictmentIn February 2012, Ayre and three other individuals were indicted by the US Attorney for Maryland on charges of illegal gambling and money laundering related to conduct that occurred before the 2006 passage of the Unlawful Internet Gambling Enforcement Act (UIGEA). Ayre released a statement via CalvinAyre.com saying he viewed the indictment as “abuse of the US criminal justice system for the commercial gain of large US corporations.” Ayre also noted that the US Attorney had seized Bodog.com, a domain that had been dormant since the Bodog brand revoked its licensing agreement with MMGG the previous year. Ayre holds an online gaming license in the country of Antigua that is subject to a longstanding World Trade Organization dispute with the US government and which may figure in the resolution of this dispute.[29][30] In July 2017, US federal prosecutors have dropped all charges filed over five years ago against Calvin Ayre and Bodog.[31] Ayre pled guilty to a single misdemeanor charge and admitted to an accessory after the fact charge related to the transmission of gambling information in violation of the federal Wire Act.[32] The Bodog.com domain has since been returned to its owners with an accompanying payment of $100,000, after it had been seized by US federal prosecutors as part of the criminal case.[33] Judge Catherine Blake sentenced Ayre to one year of unsupervised probation and a $500,000 fine.[32] In September 2017, think tank Democracy Institute published Patrick Basham’s case study [34] slamming US trade hypocrisy over online gambling dispute with Antigua-Barbuda. The report also uncovers the US government’s highly irregular, ill-advised, and unsuccessful prosecution of Ayre.[35] The study states that Ayre’s conviction in US federal court ran afoul of the WTO’s ruling as to America’s General Agreement on Trade in Services obligations. The WTO’s Appellate Body Report found America undertook a commitment to provide open and nondiscriminatory market access for recreational services, “including online gambling services.” [36] Critically, it found that The Illegal Gambling Business Act, which made it illegal for anyone to conduct a gambling business, was explicitly in conflict with America’s commitment under subsection 10D. Hence, the Appellate Body Report concluded that America was in violation of its obligations under its GATS Schedule by maintaining and enforcing these laws. [34] The review claims that law enforcement officials tried to intimidate Ayre years before the indictments against him were filed, and that prosecutors “…covertly reached out to Ayre through respective third parties … including Ayre’s known business associates and industry contacts, to ‘encourage’ Ayre to make a US$350 million payment to the US Treasury.” [37] VindicationThe government of Antigua and Barbuda welcomed Ayre’s vindication as part of the failure of the US to comply with World Trade Organization ruling on Internet Gaming.[38] The twin islands government said in a statement, “In light of the WTO ruling in Antigua and Barbuda’s favour, prosecutions by the United States of licensed gaming entities and their principals in Antigua and Barbuda, such as Calvin Ayre, are completely contrary to binding international agreements. In this context, Calvin Ayre and all other Antigua and Barbuda licensed gaming operators, who were indicted in the United States on Internet Gaming charges, are victims not culprits.” [39] In August 2017, the government appointed Ayre as an Economic Envoy for Antigua and Barbuda. He will serve as sovereign island states’ adviser on the effective implementation of new technological developments in cryptocurrency and Bitcoin.[40] Ayre was instrumental in helping Antigua and Barbuda draft laws to implement Bitcoin into the Commonwealth nations’ laws.[41] He also led the ground-breaking and sod turning ceremony for his US25 million call center in Antigua in October 2016 citing the island as the next global service industry hub catering to bitcoin online gaming.[42] Bitcoin InvolvementIn June 2016, Andrew O'Hagan published a writer's account of the background behind Craig Wright publicly asserting himself to be Satoshi Nakamoto, the inventor of Bitcoin cryptocurrency, which made the news in May 2016. He revealed Calvin Ayre to be part of the business operation behind this affair, possibly even its ultimate organizer and the financial backer of the $30 million acquisition and development of Craig Wright's assets.[43] In August 2017, Ayre acquired cryptocurrency news site Coingeek.com and plans to enable this to provide truly global coverage on Bitcoin and address rampant fake news circulating within the industry and elsewhere.[44] |
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What algo will it have? I heard about equhash. Am i right?
Yeah Equihash with shitton of Premine.. its a decent scam Its equihash and yes there was originally going to be a premine but this is now cut to a minimal period there is only 1 week from fork to release developers don't work for free The main website has now been updated http://btcgpu.org/ and the fork block has been set at #491407 |
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There are so many other solutions to this "death spiral" problem. There is Digishield, Dark Gravity Wave and many other retarget algos to chose from. There is also merged mining. The EDA has already shown that it falls way short of having relatively consistent and reliable block times.
You seem to be under the impression , that your imagination gets to set the standard for the block times. You Don't.The Block Time is set by the miners and the EDA makes certain, their greed does not freeze the coin network. It recognizes miners are profit based, and does not pretend their coin is a religion like segcrap. So until things stabilize , sometimes it runs faster than normal , other times maybe only 1 or 2 per hour. But here is the rub, one 8MB bitcoin cash block per hour still exceeds the segwit 1mb coin 6 blocks per hour standard transaction capacity. No changes required, don't like the EDA , then over paid to use segshit coin, I don't care if you like throwing your money away. But I am more frugal with mine and won't waste it. EDA works, which will become even more apparent in Dec. ╥Aztek My other solutions would have worked much better. If Bitcoin Cash went with Digishield or Dark Gravity Wave, Bitcoin Cash would have already had a nice stable network with many happy, devoted miners plugging away. EDA is easier to predict since it cover a larger group of blocks. Your above picks reset the difficulty per block and would make the system even more erratic and less consistent / predictable. Lets be honest the only ones frighten of the EDA are segshit supporters, as it means miners quit supporting their false religion segcrapcoin and mine for profit. Funny , how everyone wants Bitcoin Cash to change their design , and no one seems to care shitwigcoin has Zero protections from a difficulty induced death spiral. Bitcoin Cash the Real Bitcoin is fine, no changes to the EDA are needed. The same cannot be said for shitwigcoin and the death spiral vulnerability they refuse to fix. ╥Aztek However, the BCH community and the project’s developers are in the midst of a debate regarding removing the Emergency Difficulty Adjustment (EDA),
One solution is completely removing the EDA and letting BCH deal with the legacy BTC adjustment period; which has worked for bitcoin throughout the years. Zander emphasizes, “the BTC chain is not really hurting from BCHs existence — The algorithm works, and eventually we should revert to that — It’s not broken, so why fix it?” However, the Bitcoin Classic developer understands that some people think the EDA is necessary and if that’s the case, Zander believes, “we need to fix it if we want to keep it — the current situation is very damaging
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how can we mine it
Also wanted to know how to mine, the project is still being developed and maintained by someone? I asked them this on twitter a while back and was told by them they will set up a pool from day one so everyone can get started until more come online Also I check the github repository occasionally and there is still active work being done the official repository is slightly behind the one the developer is working on and these changes get merged presumably when finished Im still sceptical about the release dates though and expect it to be delayed although they have assured me its on schedule and won't be delayed |
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in 10 years BTC could be down to 1.5625 BTC where BCH could have powered through 3-4 times as many blocks and only have a reward of 0.02441406 BCH or 0.01220703 BCH so to remain profitable the difficulty would need to be really low and really fast blocks
Your scenario is possible, but implausible. Correct, it would be ridiculous to think that in 10 years the various groups of developers of bitcoin cash do not update the EDA  Well core is taking more than 3 years to scale bitcoin ... maybe  Various groups of developers ? you mean the ones that failed on XT, classic and unlimited Well the developer does not see it as a priority and had openly said so even though the users have gave more than a few examples of how to fix it and many have suggested to just remove it altogether because its not needed anymore The only conclusion can be that he is taking a bribe from the miners because they need it or he thinks the hard fork required would kill BCH and its best to just let it struggle Please, no more FUD You are on my list of core trolls Both the multiple development groups and users of bitcoin cash are free to comment and contribute to development. Not as in the case of core that censor everything that does not respond to blockstream / Axa, bancons, capitalism, elites, government, etc. I would like to hear your opinion then on why there is a delay in fixing the EDA im no full time developer but can code and could fix the EDA in well under an hour so its not time requirements. I could even fork the code now and fix the EDA but it would need promotion and all the other stuff required to raise awareness and to convince everyone to use it which I do not have the time or interest in doing |
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in 10 years BTC could be down to 1.5625 BTC where BCH could have powered through 3-4 times as many blocks and only have a reward of 0.02441406 BCH or 0.01220703 BCH so to remain profitable the difficulty would need to be really low and really fast blocks
Your scenario is possible, but implausible. Correct, it would be ridiculous to think that in 10 years the various groups of developers of bitcoin cash do not update the EDA Well core is taking more than 3 years to scale bitcoin ... maybe Various groups of developers ? you mean the ones that failed on XT, classic and unlimited Well the developer does not see it as a priority and had openly said so even though the users have gave more than a few examples of how to fix it and many have suggested to just remove it altogether because its not needed anymore The only conclusion can be that he is taking a bribe from the miners because they need it or he thinks the hard fork required would kill BCH and its best to just let it struggle Please, no more FUD You are on my list of core trolls Both the multiple development groups and users of bitcoin cash are free to comment and contribute to development. Not as in the case of core that censor everything that does not respond to blockstream / Axa, bancons, capitalism, elites, government, etc. I would like to hear your opinion then on why there is a delay in fixing the EDA im no full time developer but can code and could fix the EDA in well under an hour so its not time requirements. I could even fork the code now and fix the EDA but it would need promotion and all the other stuff required to raise awareness and to convince everyone to use it which I do not have the time or interest in doing |
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