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Author Topic: will Bitcoin Gold remain decentralized  (Read 41 times)
Ripe_berry (OP)
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February 05, 2022, 06:05:53 PM
 #1

Bitcoin gold(BTG) whose co-founder isn't anonymous but a chinese developer Jack Liao who built a decentralized coin that uses equihash algorithm which is an symmetric memory-oriented proof-of-work whose identity is well known is there no possibility of buying off his projects by influential government agencies to swap its  decentralized nature to a complete centralized digital asset that can be monitored, regulated and manipulated at will. Bitcoin itself can't be bought over because the  identity of Satoshi is still a mystery. do you think bitcoin gold can maintain its decentralized nature or will its purpose of creation be compromised with time?
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February 05, 2022, 11:36:11 PM
 #2

Bitcoin gold(BTG) whose co-founder isn't anonymous but a chinese developer Jack Liao who built a decentralized coin that uses equihash algorithm which is an symmetric memory-oriented proof-of-work whose identity is well known is there no possibility of buying off his projects by influential government agencies to swap its  decentralized nature to a complete centralized digital asset that can be monitored, regulated and manipulated at will.
Regulation can't be avoided and how can you do that? Remember that so many exchange sites are being compliant with the regulation. Bitcoin gold is trading in the centralized exchange site and how can you say this is not being regulated? Algo doesn't matter when it comes to the centralized exchange site.



Bitcoin itself can't be bought over because the  identity of Satoshi is still a mystery. do you think bitcoin gold can maintain its decentralized nature or will its purpose of creation be compromised with time?
Don't you read this? https://cointelegraph.com/news/bitcoin-gold-blockchain-hit-by-51-attack-leading-to-70k-double-spend

Im feeling worry about the decentralization of this bitcoin fork coin. It sounds to be BS. Calling it decentralized nature is pure BS. The main purpose of this coin to get the hype from bitcoin fork popularity a few years ago but this time everything is changing.

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February 06, 2022, 06:31:21 PM
 #3

do you think bitcoin gold can maintain its decentralized nature or will its purpose of creation be compromised with time?
Honestly, I've got no more updates on this project and from the last thing that ever happened to it, that's the one that I know what exactly it was. The 51% attack.
If the developers of it managed to fix that then there's the upgrade and no government would like to buy back any decentralized project. Why would they do that if they can develop a cbdc for themselves?
It's just a bitcoin fork and you know what most of the bitcoin fork goes? They're losing popularity and dropping in volume and charts.

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