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Author Topic: Who is Bitcoin Gold's Jack Liao and what is his agenda?  (Read 4082 times)
Wind_FURY
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October 06, 2017, 05:37:52 AM
 #1

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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October 06, 2017, 05:41:49 AM
 #2

If there's no standard [ANN] thread with announcement and clear details, then its simply an arrogant scam.

on a separate, unrelated thought, a non-premined GPU-algo low emission bitcoin would be a good idea....but at the end of the day, even that is just an altcoin.

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October 06, 2017, 05:45:49 AM
 #3

Actually I've met him in person back then in March in Hong Kong. He was very clever and spoken great English.

He was in the process of moving his mine and exchange to Hong Kong because of Mainland ban on crypto.

He is not only mining on a large scale but also selling his own asics and hardware wallets produced by his company.

It seems that he estabilished himself for good in HK.

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October 06, 2017, 05:56:20 AM
 #4

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?
to make more money faster. that is why there is a big ass premine anyways.

Quote
There are news articles that say BTG is friendly with Core. Ok good,
what part of that is good? it is a useless fork creating a premined altcoin and it is abusing bitcoin's name.
any Core developer who is "friendly" with it, is an enemy of bitcoin.

Quote
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?
maybe they want to get their fork and get the chain up and running and mineable before the SegWit2x drama starts so maybe they can benefit from that too.
there is also possibility that they want to have it up and running so that all the refugee miners from ETH have a place to go to.

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October 06, 2017, 06:11:03 AM
 #5

Bitcoin Gold was founded by Nick Szabo, or so I thought. I don't think you need to worry about the hard fork. Whatever is best for bitcoin will happen due to the people that know a lot about it are working on it. Seems like a lot of these hard forks are just money making opportunities where big money creates pump and dumps. Overall, bitcoin will prevail.

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October 06, 2017, 06:18:45 AM
 #6

It is a little curious when someone who has their work and, presumably, money tied in with ASICs, wants to create a fork where ASICs are pretty much irrelevant.  I have to admit I'm a little intrigued.  But then again, what's the point in trying to guess peoples' motivations anyway when you'll probably never find out for certain?  Once it's out in the open, what the creator envisaged could well go out the window and morph into something else entirely.  

Whatever they want to do and for whatever reason they want to do it, they're free to.  Everyone else is free to either tag along for the ride or don't.  Each to their own.  

Plus some people on this forum seem to go way overboard with the accusations and shit-stirring, assuming everything has to be some sort of attack on the network, so it's not like they need any encouragement to speculate about motives, as if they weren't already.  Most threads on the theme of "motive" tend to descend into baseless mudslinging before too long around here.  Somehow I'm not optimistic about this one, heh.


Bitcoin Gold was founded by Nick Szabo, or so I thought.

Not quite, that was "Bit gold", not to be confused with BitGold or Bitcoin Gold. 

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October 07, 2017, 06:21:38 AM
 #7

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?
to make more money faster. that is why there is a big ass premine anyways.

I agree. This is a money grab, taking advantage of the Bitcoin brand. Jack Liao better include replay protection with this altcoin.

Quote
Quote
There are news articles that say BTG is friendly with Core. Ok good,
what part of that is good? it is a useless fork creating a premined altcoin and it is abusing bitcoin's name.
any Core developer who is "friendly" with it, is an enemy of bitcoin.

Sorry, but that was only my first impression. But yes, I agree with you.

Quote
Quote
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?
maybe they want to get their fork and get the chain up and running and mineable before the SegWit2x drama starts so maybe they can benefit from that too.
there is also possibility that they want to have it up and running so that all the refugee miners from ETH have a place to go to.

That would be a smart move by them if they could maintain the price level at $400 - $500 like BCC. Maybe that is what the funds for the premine is really for.


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October 08, 2017, 04:45:17 AM
 #8

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?

He's a businessman, and you know what he's looking for. He's after earning money. He is preparing as early as October 25 (although the full network launch is scheduled for November 1) to get rid of that China banning ICOs.

One more thing, bitcoin is one of the most reliable and always on the top list of best cryptocurrency, so there should be no doubt why a lot of investors are relying on bitcoin-related things like forking from bitcoin. Who knows, bitcoin gold could be the next big thing.

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October 24, 2017, 02:04:36 AM
 #9

It is a little curious when someone who has their work and, presumably, money tied in with ASICs, wants to create a fork where ASICs are pretty much irrelevant.

Maybe he wants to dominate both domains: ASIC and GPU mining. If one creates a cryptocoin big enough to distract a lot of miners (manipulate coin difficulty too), one may control other Equihash-mined coins, like ZCash, for example.
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October 24, 2017, 02:08:14 AM
 #10

To get cheap altcoins
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October 24, 2017, 02:11:05 AM
 #11

 I have absolutely zero knowledge with regards to this person. However if we will go directly to your question in which why would he is such in a hurry in doing a hard fork with regards to this bitcoin gold(which is an absolute alt coin) because maybe he thinks that it would be beneficial  on his part of this fork happens.

He might be assuming the same result from the bitcoin cash


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October 24, 2017, 03:02:49 AM
 #12

Actually I've met him in person back then in March in Hong Kong. He was very clever and spoken great English.



Your point is? That statement made me fringe a little. Anyway to answer you PO. I also don't know this man but I am hoping we will find out more about him as time passes . However as far as intention is concerned, I have no doubtin my mind that greed has a lot to do with it.
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October 24, 2017, 03:10:33 AM
 #13

sorry i dont have any idea about him can anyone thell me who is he and what is his agenda
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November 20, 2017, 01:01:23 PM
 #14

Hi,

Jack Liao is responsable for this stole !

https://pbs.twimg.com/media/DPEyTdVX4AAJKCd.jpg:large
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December 21, 2017, 01:27:59 PM
 #15

i see everyone starts against any new startup we seen many , e.g the bitcoin cash , when its price was only 400 i saw many haters now its 4k ! and this will be repeated .. things going mad in crypto world never hate anything in this industry all we can do is , if we can just invest in every project daily - monthly and in a year you will be a millionaire _)

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