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

[xfaqs01]

Which one is going to be Bitcoin Gold - the one with segwit2x or the one with just segwit? (It's hard to tell from the name!)

When we say segwit its just a softfork it means no split will happen on that particular software upgrade, but when we say segwit2 it implies hardfork thus it will cause the chain of bitcoin to split during software upgrade. Just my cent

[GiorgosK]

I don't think the price of bitcoin will fall before the split !!!

The price of bitcoin might get higher just before the split, the more bitcoin you hold the more bitcoin gold you will have, the more free money for the bitcoin holders and then depending on the adoption and support of bitcoin gold people might start dumping it just to get more bitcoin or other coins of their liking.

[Rinaze]

That article reported wrongly. It wasn't even a hard fork for Bitcoin Cash. It's a soft fork and BCC is an entities that wasn't suppose to exist in the first place. I wouldn't take the article too seriously in my opinion just for that.

I'm more concern about the real hard fork in November which Segwitx2 will be calling itself Bitcoin too. That's the one everyone should be focusing on instead (both in term of tech and market movement).

[xuan87]

I don't like to see so many forking attempts, this is going to disrupt the Bitcoin growth, even though the effect will not big but there will be slight impact on Bitcoin because some of the investors will split their investment, and the release date is too near with the BitcoinCash, the rumour of this coin still got a low expectation, so I still don't know how well this coin expected to be

[chickenfried12]

Bitcoin Gold implements the UAHF (User Activated Hard Fork) proposal to accept GPU mining. Miners can choose the size of the blocks they want to mine, with a default of 1 MB. It includes replay and wipeout protection

[Showtime24]

I don't think this will have a significant on Bitcoin.  Long-term trend will keep going up.  HODL!

[xfaqs01]

I don't think the price of bitcoin will fall before the split !!!

The price of bitcoin might get higher just before the split, the more bitcoin you hold the more bitcoin gold you will have, the more free money for the bitcoin holders and then depending on the adoption and support of bitcoin gold people might start dumping it just to get more bitcoin or other coins of their liking.

Yup i agree with you peole have learned about the past on how to deal with hardfork, bitcoin will not drop, whats gonna happen is the other way around, but bitcoin gold will not be as valuable as in bitcoincash people more prepared now than before.

[william8829]

Bitcoin gold.  I think the name sounds cool.

New fork = free coin

Many concerns about bitcoin gold.  How will it affect bitcoin?  Will this cause panic among investors.  Will it gain momentum with bitcoin miners?  Will these forks ever come to an end?

I guess i am excited for the news.  Long term i do not believe this will be that important but short term maybe price increase for bitcoin?

[Rinaze]

Bitcoin Gold implements the UAHF (User Activated Hard Fork) proposal to accept GPU mining. Miners can choose the size of the blocks they want to mine, with a default of 1 MB. It includes replay and wipeout protection

How is that going to help the coin in getting mass adopted for real world usage as compared to the main Bitcoin though?

[NS-Soul]

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/

The things would be similar to the previous fork.
Bitcoin Gold might be higher than Bitcoin Cash after adding to the market
Bitcoins price will dump before the fork and it will have a new huge price after fork.

[BrewMaster]

Bitcoin Gold implements the UAHF (User Activated Hard Fork) proposal to accept GPU mining. Miners can choose the size of the blocks they want to mine, with a default of 1 MB. It includes replay and wipeout protection

How is that going to help the coin in getting mass adopted for real world usage as compared to the main Bitcoin though?

when we are talking about altcoins it is not about "mass adoption" it is only about how they can become more expensive or in other words how they can get more pumped. and being GPU mineable is a good perk in my opinion. look at ETH for example. one of the reasons why it even became popular was because of its mining.

[lucifochrome]

There are factors to consider in orser to say that it will be successful as what bitcoin cash is, first is the people that will support the coin. If these traders see bitcoin gold like bitcoin cash then maybe it will be successful, a sudden rise in the price as the demand is also high. Also i think if it is going to be easier to mine than bitcoin, people may also patronize it. Who knows, we will see in october if it will be something like bitcoin cash.

[batang_bitcoin]

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/

This will be just like an another alt coin the same thing with Bitcoin Cash and the dead BU. It will help to make the price of bitcoin higher again, because there will be another profit out of thin air. And every person that will be able to import their bitcoin gold will eventually dump it and the profit there will be on the buying order of bitcoin legacy / the original bitcoin for those who didn't understand what is it.

Yes Another hard fork  to come soon. The new bitcoin will be named "Bitcoin Gold".And It will help to make the price of bitcoin higher again, because there will be another profit out of thin air. Bitcoin price will go higher before and after the new hard fork came and it's a fact . So Another hard fork coming in to the October and New Bitcoin name is "Bitcoin Gold".

I think it will go like this, it will go down before the hard fork happens and it will increase after the hard fork. But whatever will be the sequence the assurance of it is that bitcoin's price will increase. As it will generate an easy profit to the people that will have bitcoin gold by that time. And that's why this hard fork is going to be very good and healthy for the bitcoin economy.

[BlueSword]

But while those in the know might be skeptical of bitcoin gold, it does have a goal that many in the community may find attractive: creating a truly decentralized bitcoin.

Most notably, the developers behind the network hope to open up mining to more participants by replacing bitcoin's mining algorithm with one that will enable it to be mined with graphics cards. The idea is to make big miners – sometimes controversial figures on the network – less relevant.

"Bitcoin gold will implement a proof-of-work change from bitcoin's SHA256 to Equihash, a memory-hard algorithm that is ASIC-resistant and optimized for GPU mining," explained pseudonymous bitcoin gold developer "The Sorrow."

I have doubts that it would succeed at the above goal (decentralization of mining) if it is successful in getting significant market capitalization.  Once it becomes very profitable to mine, people who live in areas with cheap electricity will heavily mine it to the extent that it would be unprofitable to mine for people with average electricity costs.

[crazyivan]

More free money for us since BTC holders will be rewarded again. This one is interesting since it is actually GPU mineable, nice stuff.

I do not expect it to have any kind of long term exposure, all these copycats eventually die.

[Sithara007]

Bitcoin Gold implements the UAHF (User Activated Hard Fork) proposal to accept GPU mining. Miners can choose the size of the blocks they want to mine, with a default of 1 MB. It includes replay and wipeout protection

How is that going to help the coin in getting mass adopted for real world usage as compared to the main Bitcoin though?

If Bitcoin devs don't resolve the scaling issue, then the mass adoption of that currency is not going to last forever. The number of users are increasing, and the number of transactions will also increase proportionately. Even the increased 2 MB block size (as per Segwit 2x) may not be enough to accommodate all of the transactions in the future.

[jings007]

this does NOT mean a hard fork. coindesk seems to be spreading wrong information now!

So, you're blaming coindesk? And you believe there's no hard fork coming and oh, by the way the following 'seems to be spreading wrong information' too...

Bitcoin Upgrade at Block 494,784 "The November 2017 upgrade to 2MB blocks is a hard-fork", segwit2x.github.io

November SegWit2x Hard Fork Could See Newbie Users Lose Bitcoins

Bitcoin Gold Project Plans to Fork Bitcoin Again on October 25

Bitcoin Software Wars: Discussions Heat Up as November Hard Fork Approaches

Get Ready, November Event Coming For Bitcoin

Why November Will Be The Real Test For Bitcoin

Bitcoin Upgrade at Block 494,784

[Pursuer]

this does NOT mean a hard fork. coindesk seems to be spreading wrong information now!

So, you're blaming coindesk? And you believe there's no hard fork coming and oh, by the way the following 'seems to be spreading wrong information' too...

instead of reading 1 line of my comment try reading the full comment that I wrote!

the information about this new altcoin is not yet enough. their website does not have anything on it either. the only news comes from their Twitter and from what I have read so far it seems like they are just using bitcoin code not the blockchain and they will just take a snapshot of it at a certain date like what other altcoins with airdrops have one (Byteball, stellar, bitcore,....) and give 1:1 amount of their altcoin.

this does NOT mean a hard fork. coindesk seems to be spreading wrong information now!

also I did not say there is "no" hard fork. all the links you gave below apart from 1 of them are talking about SegWit2x which has nothing to do with Bitcoin Gold!

Bitcoin Upgrade at Block 494,784 "The November 2017 upgrade to 2MB blocks is a hard-fork", segwit2x.github.io

November SegWit2x Hard Fork Could See Newbie Users Lose Bitcoins

Bitcoin Gold Project Plans to Fork Bitcoin Again on October 25

Bitcoin Software Wars: Discussions Heat Up as November Hard Fork Approaches

Get Ready, November Event Coming For Bitcoin

Why November Will Be The Real Test For Bitcoin

Bitcoin Upgrade at Block 494,784

[Wildwest]

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/

Bitcoin cash and bitcoin gold are just same there is no effect of both for bitcoin in the future. I think Bitcoin can stand alone without both coins.

[crazyjack]

Since BTC Cash as a first fork of BTC which has proven to be just that, a fork, as another alt, I think another split will do no harm to BTC in general.

There might be some price fluctuation in the market, but that is. At the end all will come to the as usual.

And as someone else said it before, some free money on the way, because there will always be someone around who will buy it.