Below are the criteria I want for an altcoin.
Fair distribution. No proof of stake or initial coin offerings. I want an altcoin distributed through proof of work.
A good team of developers. This can be argued, but please do explain why you think the team of your altcoin is one of the best. A growing community. I believe a community behind an altcoin should be positive and optimistic especially during bear markets.
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All newbies should read this and have the knowledge on what to do before and after a hard fork. https://bitcoinmagazine.com/articles/bitcoin-beginners-guide-surviving-bgold-and-segwit2x-forks/The BTG hard fork is nothing to worry about. It is called a "friendly" hard fork because it is not trying to be "Bitcoin". Segwit2x is the one to worry about because it claims to be an "upgrade" to Bitcoin. The guide will tell you what to do, which wallets are safe to use and when you can claim your coins in the forked chain. Read it!
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I do not believe this rally is all because of BTG. That fork is weak and a joke, it is also more rushed than Segwit2x. Who are the developers behind it? All we know is it was started by an Asic manufacturer from Hong Kong. I also cannot access their website, http://btcgpu.org/
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First, read this Coindesk article, https://www.coindesk.com/vladimir-putin-cryptocurrency-poses-serious-risks/Then, answer this question. It poses a risk for who? Us, the ordinary people, or them the government, the banks and the establishment? Comments like that make their thoughts known that they want to stop cryptocurrencies because it can ruin their business. They will use reasonings like "to protect the consumer" or "to prevent fraud". Sorry, but the community is doing fine, thanks. We do not need your "protection".
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Does this mean that Core Bitcoins are and will always be the most valuable one? We have Bitcoin Cash, Bitcoin Gold and on November, Segwit2x, all forked from Core Bitcoin.
It also makes me believe that the older your coins are in your storage, the more valuable they are because they are entitled for all the Bitcoin forks.
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Does anyone know anything about him? A simple Google search says that he is the CEO of LightningAsic. There is nothing written about him besides that.
What is his agenda behind Bitcoin Gold and why is he in such a hurry to do a hard fork before Segwit2x/btc1's hard fork? There are news articles that say BTG is friendly with Core. Ok good, but why is there a need for them to fork as early as October 25? Is it a contingency plan? Is someone from Core really behind this?
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We know that part of the reason why Segwit was activated was because of the threat of the UASF. Now what can the community do to make the developers of Segwit2x/btc1 and the NYA signatories include replay protection in the new fork this November?
I cannot believe that the people in the forum are taking it very lightly. I am posting this thread in this subforum to know what can we do technically.
Maybe we can do it like what the UASF did.
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I believe the news leaks of the Chinese government's ban on Bitcoin trading and perhaps also Bitcoin mining are not FUD anymore. We have seen BTCC and ViaBTC releasing announcements that they will terminate their exchanges by the end of this month. The rest doubtlessly will also follow.
What will happen to "a Bitcoin" without China? Do we really need them to reach new highs?
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I read a comment on Reddit that if 90% of the miners will still follow Segwit2x on November then Core will have no choice but to fork off and upgrade to a new mining algorithm. I do not know if it has been discussed before, but what are the proposals made for the new kind of mining algorithm? Will it be something new or will it copy what is already out there?
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It is in my opinion that China is very short sighted in their ban on ICOs. I am only an observer of the whole ICO market as I hold Bitcoin only. But I do believe in ICOs as the future of a democratized way of getting financial support for the unbanked.
Who said that entrepreneurs with good ideas should not be given every opportunity by the community themselves? But of course we should still be careful and be responsible with our own actions. People will lose money from scams.
Do you think a country like Switzerland or Singapore welcome ICOs and become new havens for them?
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I have been thinking about this after the "successful" hard fork of BitcoinCash from the main chain. Since the Chinese miners now have an alternative chain to make money, will they be more than bold enough to take their hash power out of Bitcoin to put in BitcoinCash in case the NYA breaks down or if it is invalidated by Core?
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I have my BCC ready in Bittex for selling but when I was checking the BitcoinCash community, they were all very optimistic about the chances of BitcoinCash to become one of the most successful coins in the world of cryptocurrencies.
Now I am thinking of holding them instead. I want to know what would you do? Hold or sell, and why?
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When the blockchain hard forked, I did not care about splitting my coins. But when I saw it was trading at more than $500, I decided to split them later and to wait for the price to go higher. But the price dived and now I regret it.
What about the rest of you, have you already dumped?
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I was planning to dump all my BCH but I changed my mind. I am beginning to see it as a cheaper version of Bitcoin and it might reach Bitcoin's all time highs in a year or 2. Am I crazy if I plan to buy more BCH?
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Hi, I am planning on doing some trading on Localbitcoins to make extra cash or Bitcoin on the side while working in an office. Is there a guide somewhere I could read? I do not want to straight up post my bids and asks without knowing what I am doing. Please help.
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This should be a fun poll. I want to find out what all of us collectively think is good for Bitcoin overall backed up by our limited knowledge on the issue. So imagine this. If a core developer came up to you right now and asked "What do you support, UASF or Segwit2x?", what would you answer?
It is ok not to read up on the issue, just use what you know now and answer as best as you can.
My answer, I vote for the UASF. The miners should work for the network, not rule and control it.
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First read this blog from ViaBTC. https://medium.com/@ViaBTC/uahf-ico-proposal-draft-b962c7e00718I have to be honest, I was laughing my ass off when I read the title. Are they really serious about this proposal? It is already expected that the whole Bitcoin community will laugh at their face the minute they see the word "ICO" in there. Are they already that desperate because of the coming UASF?
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You all know the story. BIP 148 or the UASF will commence on August 1. The risk is a blockchain split that could permanently divide it in theory.
I am interested in knowing what everyone here prefers to hold and what you consider as the "real" Bitcoin is. The Legacy chain or the BIP 148 chain?
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As you all know, on August 1, there will be users who will try a user activated soft fork or famously called UASF. What it will do is nodes that have it activated will start rejecting none Segwit nodes, risking a split in the blockchain. Depending on how much support it garners from the miners, the split might last a few hours, a few days or maybe longer.
If in case it lasts longer, how much would the price of Bitcoin be? Would it be low enough that we see Ethereum become no.1 in Coinmarketcap?
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