Another hard fork coming in October. New Bitcoin name is "Bitcoin Gold"

[nl247]

It has been long foreseen after the first fork that took place in August and was stipulated to take place by November from what I know anyway, but October? I am not sure about that yet as the only October fork in everyone's mind now is the upgrade that will be done by Ethereum.

But whatever, same old, same old, it is just another means of having an extra cash. I do not even like the name anyway, so I will just stick with Bitcoin or probably wait for it to get pumped like BCC and sell. I do not expect anything different than what happened in August to happen again, except for the FUD that was generated as a result of the August fork that makes it different since most people do not even care about this one.

[Barcode_]

It is another piece of good news for the users that have tons of bitcoins in their bitcoin wallet, this is another chance to get some free money from the upcoming bitcoin hard fork. I guess we will see another huge dump of bitcoin gold onto the market once the trading of it goes live on exchanges site.

[lite]

im confused.
this bitcoin gold = the segwit2x?
does this mean free coins again like bcash?
if this is not the sg2x.
then u get free coins for btcoin gold and free coins for sg2x?
so 2times free coins.

or am i wrong?

Thanks.

Does anyone know if there is some minumum amount of coins you need to hold to recieve BTG during fork? Thanks

Lol it's a fork same like bch, if you have say 1 bitcoin, you'll get 1 bitcoin gold and no there's nothing like you must hold a minimum amount of bitcoin to get the fork coin.

Another hard fork seems to come soon. The new bitcoin will be named "Bitcoin Gold". How would you think about this?

Bitcoin Gold will be successful as like Bitcoin Cash?

Bitcoin price will go higher before and after the new hard fork?


https://www.coindesk.com/first-cash-now-gold-another-bitcoin-hard-fork-way/

Can we really say that BCH is successful given the price range it has now as against the few days it was launched when price surged to over $800? As for the fork, this one won't be a big deal and we don't expect the same panic situation as August 1 that produced the BitcoinCash. Hopefully too we expect another round of bonus on the new coin.

I wouldn't mind few extra cash lol. i got really good amount selling bch.

[Halcyon Days]

Dear everyone,

here is an article by Bitcoin.com with the title "Bitcoin Gold: A Very Unorganized Plan to Hard Fork Bitcoin With Connections to the NO2x Movement":
https://news.bitcoin.com/a-closer-look-at-the-suspicious-activity-involved-with-the-bitcoin-gold-fork/

This is a part of the article open for discussion:
>>There are also many other flaws involved with the project that hopes to hard fork the Bitcoin network in just a few weeks. As we reported earlier, the team does not have a testnet of the network created, so miners can’t test the system. Further, unlike the Bitcoin Cash network, the BTG project still implements the same per-block difficulty adjustment as bitcoin (BTC) in its code, and has no signs of an Emergency Difficulty Adjustment (EDA). Additionally, unlike the website’s claims, there is no replay attack protection added to the protocol, even though the team is adamantly against Segwit2x not adding replay protection. Another disturbing aspect of the BTG project is the implementation of a pre-mine within the code called the “PoW retargeting change for BTG hard fork pre-mine period.”<<

Furthermore, it looks like that BTG is trying to get all the GPU miners, which might switch to BTG, when ETH is switching from a proof of work to proof of stake algorithm. This of course, is a lot of mining power. Does anyone here, who mines ETH, planning to switch?

Kind regards,
Halcon D.

[leopard2]

They should call the next fork "Peercoin" or "Terracoin" it's all the same SHA256 shit anyways 

[d5000]

Any hardfork is an altcoin by definition.

The problem here is: Who "defines" which one is the "altcoin" and which one "the Bitcoin"?

In the case of forks with (projected) low acceptance and hashrate, like Bitcoin Cash and probably also Bitcoin Gold, it is easy to tell, but not so much with bigger ships like Segwit2x. You have then to answer the question: Is Bitcoin "the original chain" or "the chain with most hashrate"? And what if the Bitcoin Core devs created a hard fork (e.g. the "nuclear option" discussed some time ago)? Would they create an altcoin or simply an [hard-forking] update? You see, it's not so easy.

But maybe all these forks - Bch, Bitcoin Gold - have a positive consequence: After two or three forks more, the Original Bitcoin Chain's position as "the one and only Bitcoin" could at the end be strengthened. Because human mind is limited, nobody wants to remember all forks that could happen, and at some moment most Bitcoin users simply won't care about the newest hardforks. They will have the same importance than "regular" altcoins not created by a hard fork. This could also affect Segwit2x and limit its importance (probably for the good of Bitcoin).

[aoluain]

Dear everyone,

here is an article by Bitcoin.com with the title "Bitcoin Gold: A Very Unorganized Plan to Hard Fork Bitcoin With Connections to the NO2x Movement":
https://news.bitcoin.com/a-closer-look-at-the-suspicious-activity-involved-with-the-bitcoin-gold-fork/

This is a part of the article open for discussion:
>>There are also many other flaws involved with the project that hopes to hard fork the Bitcoin network in just a few weeks. As we reported earlier, the team does not have a testnet of the network created, so miners can’t test the system. Further, unlike the Bitcoin Cash network, the BTG project still implements the same per-block difficulty adjustment as bitcoin (BTC) in its code, and has no signs of an Emergency Difficulty Adjustment (EDA). Additionally, unlike the website’s claims, there is no replay attack protection added to the protocol, even though the team is adamantly against Segwit2x not adding replay protection. Another disturbing aspect of the BTG project is the implementation of a pre-mine within the code called the “PoW retargeting change for BTG hard fork pre-mine period.”<<

Furthermore, it looks like that BTG is trying to get all the GPU miners, which might switch to BTG, when ETH is switching from a proof of work to proof of stake algorithm. This of course, is a lot of mining power. Does anyone here, who mines ETH, planning to switch?

Kind regards,
Halcon D.

ah there lies a key bit of information, from what you posted
it looks like they indeed are trying to hoover up the GPU miners
they see a gap in the market so to speak.

Interesting thread

[carlisle1]

Any hardfork is an altcoin by definition.

The problem here is: Who "defines" which one is the "altcoin" and which one "the Bitcoin"?

In the case of forks with (projected) low acceptance and hashrate, like Bitcoin Cash and probably also Bitcoin Gold, it is easy to tell, but not so much with bigger ships like Segwit2x. You have then to answer the question: Is Bitcoin "the original chain" or "the chain with most hashrate"? And what if the Bitcoin Core devs created a hard fork (e.g. the "nuclear option" discussed some time ago)? Would they create an altcoin or simply an [hard-forking] update? You see, it's not so easy.

But maybe all these forks - Bch, Bitcoin Gold - have a positive consequence: After two or three forks more, the Original Bitcoin Chain's position as "the one and only Bitcoin" could at the end be strengthened. Because human mind is limited, nobody wants to remember all forks that could happen, and at some moment most Bitcoin users simply won't care about the newest hardforks. They will have the same importance than "regular" altcoins not created by a hard fork. This could also affect Segwit2x and limit its importance (probably for the good of Bitcoin).

got my interest from here sir, I haven't got that much information regarding to what can possibly happen from this fork and from your insight
I got some idea and I will read more and assess which is which and what can be the possible effect of this incoming fork from this investment that
I've got.

[Andre_Goldman]

Dear everyone,

here is an article by Bitcoin.com with the title "Bitcoin Gold: A Very Unorganized Plan to Hard Fork Bitcoin With Connections to the NO2x Movement":
https://news.bitcoin.com/a-closer-look-at-the-suspicious-activity-involved-with-the-bitcoin-gold-fork/

This is a part of the article open for discussion:
>>There are also many other flaws involved with the project that hopes to hard fork the Bitcoin network in just a few weeks. As we reported earlier, the team does not have a testnet of the network created, so miners can’t test the system. Further, unlike the Bitcoin Cash network, the BTG project still implements the same per-block difficulty adjustment as bitcoin (BTC) in its code, and has no signs of an Emergency Difficulty Adjustment (EDA). Additionally, unlike the website’s claims, there is no replay attack protection added to the protocol, even though the team is adamantly against Segwit2x not adding replay protection. Another disturbing aspect of the BTG project is the implementation of a pre-mine within the code called the “PoW retargeting change for BTG hard fork pre-mine period.”<<

Furthermore, it looks like that BTG is trying to get all the GPU miners, which might switch to BTG, when ETH is switching from a proof of work to proof of stake algorithm. This of course, is a lot of mining power. Does anyone here, who mines ETH, planning to switch?

Kind regards,
Halcon D.

Luv it ... because asynchronous programming is my natural habitat 

[malikusama]

Another hard fork seems to come soon. The new bitcoin will be named "Bitcoin Gold". How would you think about this?

Bitcoin Gold will be successful as like Bitcoin Cash?

Bitcoin price will go higher before and after the new hard fork?


https://www.coindesk.com/first-cash-now-gold-another-bitcoin-hard-fork-way/

Do you think Bitcoin Cash was successful? It is not even close to Bitcoin so how it becomes successful. Bitcoin Gold will be the same as like Bitcoin Cash and I am expecting that it will not worth more than Bitcoin Cash or may be its price will fall badly.
Surely the price will rise again after the hard fork as it was boosted after the last hard fork in august.

[Jamjam nitsuga]

what kind of coin is bitcoin gold???

[kristiano92]

We should avoid this hard fork. It is dangerous for bitcoin ecosystem and value. Exchanges and miners should ban this coin and not only think about profits.

[suvo05]

Another hard fork seems to come soon. The new bitcoin will be named "Bitcoin Gold". How would you think about this?

Bitcoin Gold will be successful as like Bitcoin Cash?

Bitcoin price will go higher before and after the new hard fork?


https://www.coindesk.com/first-cash-now-gold-another-bitcoin-hard-fork-way/

I have heard that the fork is scheduled in november and some source says that will be delayed . Is it going to happen this month?

After the release of the forked coin there is always a possibility that the btc price will go higher . As lots of traders believe in btc than anything else so they will convert the forked coin into btc as soon as they receive it.

[Zackgeno96]

I really don't understand, why the developers are concentrating to create more new coins under the umbrella of bitcoin. Why they are using the name of the bitcoin, they should use some other name. Bitcoin Cash has been introduced recently and its future is still uncertain, it does not make any sense to introduce another coin by using same logic.

[Arje17]

Another hard fork seems to come soon. The new bitcoin will be named "Bitcoin Gold". How would you think about this?

Bitcoin Gold will be successful as like Bitcoin Cash?

Bitcoin price will go higher before and after the new hard fork?


https://www.coindesk.com/first-cash-now-gold-another-bitcoin-hard-fork-way/

[/quo
will keep an eye on this.. thanks

[liuqi]

It is another piece of good news for the users that have tons of bitcoins in their bitcoin wallet, this is another chance to get some free money from the upcoming bitcoin hard fork. I guess we will see another huge dump of bitcoin gold onto the market once the trading of it goes live on exchanges site.

Even in last time fork every one expect the bitcoin is may fall back in the bigger value but fortunately value recovered and increased 4k USD but this we don't what will happen. We have to much safe by holding the bitcoin for sometime when spliting is taken implemented. That is all wallet provider site manages the bitcoin growth more.

[stompix]

They should call the next fork "Peercoin" or "Terracoin" it's all the same SHA256 shit anyways 

Actually that's not it. They are going to use Equihash instead of sha256 to promote gpu mining.
Of course, pure coincidence that this Liao whatever is his name is heavenly invested in gpu mining and ties to get a bigger piece of the pie.

I really don't understand, why the developers are concentrating to create more new coins under the umbrella of bitcoin. Why they are using the name of the bitcoin, they should use some other name. Bitcoin Cash has been introduced recently and its future is still uncertain, it does not make any sense to introduce another coin by using same logic.

Those are not developers, those are just hungry hyenas who coy paste 1 lines of code and they claim they have a new breathtaking coin ready for the future.
They care for initial profits , they know that in the long run the coin is dead.

[Scorpion]

I'll play Bgold (BTG) like the same way I did Bcash (BCC), I will get aqcuire my BTG from the fork and use it to buy more Bitcoin immediately. Hey it's almost like free Bitcoin if you think about it.

[ranoon7io]

If I receive Bitcoin Gold I dont sell until pumping like BCH.

[acpr23]

Is there already a news if exchangers will credit bitcoin holders during this btg fork? Hopefully bittrex credits us btc holders btg when fork happens.