Bitcoin GOLD - A well thought Scam?

[Alvaro.anso]

I think it is actually scam as well as a real problem: this value from thin air can lead crypto market into a real bubble

[bambarmia]

The price is in a free fall now...

[Budening]

I was reading some articles on Reddit regarding the upcoming Fork of BTC to create Bitcoin Gold or BTG. I stumbled upon one of the the post from Reddit user: EnviousArm
Reddit user link: https://www.reddit.com/user/EnviousArm

All the credits goes to Reddit user: EnviousArm as this user has done all the efforts and work. I am just trying to bring this to light for bitcointalk members. Thank you.

Link to the post: https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/

Update 3: I've done a reverse whois lookup on their website, and found a ton of domains registered under the same email (not same IP) in their whois. the domains look super damn scammy by the way, you can check them out yourself here: https://i.imgur.com/HG31eie.png

And for the actual list if you don't wanna see a picture, here: http://viewdns.info/reversewhois/?q=xiangliao%40gmail.com

I got the email from: https://www.whois.com/whois/btcgpu.org BTG is, without a doubt, a complete scam.

Looks like they tried running several ICOs, one of them is even still active called sandcoin.org (which is obviously a scam too) Update 2: *

Premined: https://github.com/BTCGPU/BTCGPU/pull/2

    Unfinished pow implementation: https://github.com/BTCGPU/BTCGPU/pull/15

    Replay protection not implemented (You might lose your Bitcoins if you try to transfer or sell your airdropped Bitcoin gold be careful!): https://github.com/BTCGPU/BTCGPU/issues/18

    No change of difficulty algorithm implemented (they will compete with other GPU-mined coin for hashpower)

    No commits merged to main public repo in last 21 days

    Without the difficulty fix alone, this coin will crater rapidly.

Assuming it survives that, without replay protection, big exchanges won't list it, and wallets won't support it. The code is unfinished and in flux that no-one can seriously review it yet, and there's no commit for a testnet definition yet. (thanks to /u/StrawmanGatlingGun)

Update 1: In their Website-Snapshot from the github (https://github.com/BTCGPU/website) they stated that the fork snapshot already processed: "Bitcoin Gold (BTG) is a new proof-of-work cryptocurrency that will be hard forked from the Bitcoin blockchain on October 1 at block height 487427", which actually ended up being September 28th (https://blockchain.info/block-height/487427) partial info thanks to /u/rhuxx for the find.

As some of you may know, Bitcoingold is attempting to fork Bitcoin at the 25th of October. However in the past they decided they'll fork during the Bitcoincash date, both of which have ended up confusing me thus I've decided to do more research on the matter.

As I dug in deeper Bitcoingold started falling apart in front of my eyes losing all my trust in it. Here is what I've found.

First I read about this to get a better idea behind it: https://medium.com/@EthereumRussian/is-another-hardfork-going-to-kill-bitcoin-bitcoin-gold-e49b24ad8a9

The article mentioned there's been an ICO page, intrigued I decided to do a quick google search and found this 29 August bitcointalk thread that has more information regarding it: https://bitcointalk.org/index.php?topic=2046790.0

Along with the original Bitcoingold developer thread: https://bitcointalk.org/index.php?topic=2133536.0

It seems that they have possibly ran an ICO (Unsuccessfully most likely) but most certainly had premined the coin, thus I went to their website which at the time (9th of October) only ran a splash screen: http://btcgpu.org/ in an attempt to confirm my doubts.

This didn't lead me far, I needed to confirm those claims by myself, thus I went to the wayback machine (a wayback machine takes snapshots of websites so you can tell what changed in a website over time) and picked the August 31 date of the bitcoingold website. https://web.archive.org/web/20170831032225/http://btcgpu.org/

This confirmed the rumors, the website owners/original developers intended to run an ICO (which may or may not been successful) and also premined 16000 Blocks, worth at least 200,000 Bitcoin gold. The ICO price was supposedly 1 BTC = 10 BTG.

Since they are holding that information away from us and hiding it, this makes me believe that, bitcoingold is infact a scam and an attempt to milk the Crypto community out of their money, please don't fall into this scam and don't buy bitcoingold, dump it and let others know you can even do your own research with the Wayback machine I linked above or any time machine.

Regards, A fellow crypto investor

tl;dr BTG (Bitcoin gold is pre-mined 200,000+ BTG, and previously offered as an ICO, now they are trying to hide both of that information from us and telling people to dump their alts to get free "Bitcoin gold". the fork dates do not match, they specified different dates 3 times, once in their github page (1th october, and the block ended up being mined at 28th september) and a third time as 25th of october. all this combined information makes this me believe with no doubt that this is a scam in the making, and you should all dump your BTG as soon as you get it and never, ever buy BTG. also there is no replay protection, incomplete pow implementation, and no difficulity adjustment just the replay protection alone means you can lose your BTC by trying to sell/transfer your BTG, whois email associated domains shows complete scammy icos and domains registered under the email, this without a doubt they are 100% scammers.).

Thanks for your news, it's very important. I don't know this coin is scam or no, but Im joined this airdrop.

[bambarmia]

Thanks for your news, it's very important. I don't know this coin is scam or no, but Im joined this airdrop.

What did you joined dude ? Airdrop from Bitcoin Gold ? 

[arnux]

Bitcoin gold developers were getting praised and I'm not even sure why it's a premine its a scam. It will die within a few weeks.

[Ponylon]

Bitcoin gold is not a scam. It's just a bunch of people that try to profit from the fork, the exact the same way that Bitcoin cash founder were trying to profit. It doesn't mean it's a scam, it only means that someone things a lot of money can be made from this, if people believe that ASCI will not be necessary anymore and prefer CPU over it, that's fine, let them invest in it. Bitcoin Cash has done quite well considering it did not have so much to over (just a higher block size, which comes with man issues), so the mining thing with Bitcoin Gold is quite justified as a good solution to an ever increasing problem. The founders are out there and communicate, and these are real people not internet trolls or avatars hiding behind a mask. It's definitely not a scam, but that doesn't mean it's a good investment.

[DisruptMeister]

Bitcoin gold is not a scam. It's just a bunch of people that try to profit from the fork, the exact the same way that Bitcoin cash founder were trying to profit. It doesn't mean it's a scam, it only means that someone things a lot of money can be made from this, if people believe that ASCI will not be necessary anymore and prefer CPU over it, that's fine, let them invest in it. Bitcoin Cash has done quite well considering it did not have so much to over (just a higher block size, which comes with man issues), so the mining thing with Bitcoin Gold is quite justified as a good solution to an ever increasing problem. The founders are out there and communicate, and these are real people not internet trolls or avatars hiding behind a mask. It's definitely not a scam, but that doesn't mean it's a good investment.

WELL SAID!  Amen! Don't complain about free money!

[silent17]

Thank you for posting this, this really proves that BTG is, in fact, a scam, I think many investors here have already read this. Thanks a lot for your research.

[crazylikeafox]

Bitcoin gold is not a scam. It's just a bunch of people that try to profit from the fork, the exact the same way that Bitcoin cash founder were trying to profit. It doesn't mean it's a scam, it only means that someone things a lot of money can be made from this, if people believe that ASCI will not be necessary anymore and prefer CPU over it, that's fine, let them invest in it. Bitcoin Cash has done quite well considering it did not have so much to over (just a higher block size, which comes with man issues), so the mining thing with Bitcoin Gold is quite justified as a good solution to an ever increasing problem. The founders are out there and communicate, and these are real people not internet trolls or avatars hiding behind a mask. It's definitely not a scam, but that doesn't mean it's a good investment.

Its a scam they intended to hide some scammy tracks read the post above and people didn't have much info about the coin. Thats why most didn't knew about the bitcoin gold.

[zbx001]

I was reading some articles on Reddit regarding the upcoming Fork of BTC to create Bitcoin Gold or BTG. I stumbled upon one of the the post from Reddit user: EnviousArm
Reddit user link: https://www.reddit.com/user/EnviousArm

All the credits goes to Reddit user: EnviousArm as this user has done all the efforts and work. I am just trying to bring this to light for bitcointalk members. Thank you.

Link to the post: https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/

Update 3: I've done a reverse whois lookup on their website, and found a ton of domains registered under the same email (not same IP) in their whois. the domains look super damn scammy by the way, you can check them out yourself here: https://i.imgur.com/HG31eie.png

And for the actual list if you don't wanna see a picture, here: http://viewdns.info/reversewhois/?q=xiangliao%40gmail.com

I got the email from: https://www.whois.com/whois/btcgpu.org BTG is, without a doubt, a complete scam.

Looks like they tried running several ICOs, one of them is even still active called sandcoin.org (which is obviously a scam too) Update 2: *

Premined: https://github.com/BTCGPU/BTCGPU/pull/2

    Unfinished pow implementation: https://github.com/BTCGPU/BTCGPU/pull/15

    Replay protection not implemented (You might lose your Bitcoins if you try to transfer or sell your airdropped Bitcoin gold be careful!): https://github.com/BTCGPU/BTCGPU/issues/18

    No change of difficulty algorithm implemented (they will compete with other GPU-mined coin for hashpower)

    No commits merged to main public repo in last 21 days

    Without the difficulty fix alone, this coin will crater rapidly.

Assuming it survives that, without replay protection, big exchanges won't list it, and wallets won't support it. The code is unfinished and in flux that no-one can seriously review it yet, and there's no commit for a testnet definition yet. (thanks to /u/StrawmanGatlingGun)

Update 1: In their Website-Snapshot from the github (https://github.com/BTCGPU/website) they stated that the fork snapshot already processed: "Bitcoin Gold (BTG) is a new proof-of-work cryptocurrency that will be hard forked from the Bitcoin blockchain on October 1 at block height 487427", which actually ended up being September 28th (https://blockchain.info/block-height/487427) partial info thanks to /u/rhuxx for the find.

As some of you may know, Bitcoingold is attempting to fork Bitcoin at the 25th of October. However in the past they decided they'll fork during the Bitcoincash date, both of which have ended up confusing me thus I've decided to do more research on the matter.

As I dug in deeper Bitcoingold started falling apart in front of my eyes losing all my trust in it. Here is what I've found.

First I read about this to get a better idea behind it: https://medium.com/@EthereumRussian/is-another-hardfork-going-to-kill-bitcoin-bitcoin-gold-e49b24ad8a9

The article mentioned there's been an ICO page, intrigued I decided to do a quick google search and found this 29 August bitcointalk thread that has more information regarding it: https://bitcointalk.org/index.php?topic=2046790.0

Along with the original Bitcoingold developer thread: https://bitcointalk.org/index.php?topic=2133536.0

It seems that they have possibly ran an ICO (Unsuccessfully most likely) but most certainly had premined the coin, thus I went to their website which at the time (9th of October) only ran a splash screen: http://btcgpu.org/ in an attempt to confirm my doubts.

This didn't lead me far, I needed to confirm those claims by myself, thus I went to the wayback machine (a wayback machine takes snapshots of websites so you can tell what changed in a website over time) and picked the August 31 date of the bitcoingold website. https://web.archive.org/web/20170831032225/http://btcgpu.org/

This confirmed the rumors, the website owners/original developers intended to run an ICO (which may or may not been successful) and also premined 16000 Blocks, worth at least 200,000 Bitcoin gold. The ICO price was supposedly 1 BTC = 10 BTG.

Since they are holding that information away from us and hiding it, this makes me believe that, bitcoingold is infact a scam and an attempt to milk the Crypto community out of their money, please don't fall into this scam and don't buy bitcoingold, dump it and let others know you can even do your own research with the Wayback machine I linked above or any time machine.

Regards, A fellow crypto investor

tl;dr BTG (Bitcoin gold is pre-mined 200,000+ BTG, and previously offered as an ICO, now they are trying to hide both of that information from us and telling people to dump their alts to get free "Bitcoin gold". the fork dates do not match, they specified different dates 3 times, once in their github page (1th october, and the block ended up being mined at 28th september) and a third time as 25th of october. all this combined information makes this me believe with no doubt that this is a scam in the making, and you should all dump your BTG as soon as you get it and never, ever buy BTG. also there is no replay protection, incomplete pow implementation, and no difficulity adjustment just the replay protection alone means you can lose your BTC by trying to sell/transfer your BTG, whois email associated domains shows complete scammy icos and domains registered under the email, this without a doubt they are 100% scammers.).

it is a scam

[Risotto]

I thought it was fake too but there is something that confuses my head;
Mining can be done after 1 November and it looks like it is going well

[g12.egr]

Strange situation. No official wallets, no official statements (only user speculations), but it is traded on few exchanges and trading means also someone is buying it 
Hope people will not lose too much on it.

[anitaraymonds]

I was reading some articles on Reddit regarding the upcoming Fork of BTC to create Bitcoin Gold or BTG. I stumbled upon one of the the post from Reddit user: EnviousArm
Reddit user link: https://www.reddit.com/user/EnviousArm

All the credits goes to Reddit user: EnviousArm as this user has done all the efforts and work. I am just trying to bring this to light for bitcointalk members. Thank you.

Link to the post: https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/

Update 3: I've done a reverse whois lookup on their website, and found a ton of domains registered under the same email (not same IP) in their whois. the domains look super damn scammy by the way, you can check them out yourself here: https://i.imgur.com/HG31eie.png

And for the actual list if you don't wanna see a picture, here: http://viewdns.info/reversewhois/?q=xiangliao%40gmail.com

I got the email from: https://www.whois.com/whois/btcgpu.org BTG is, without a doubt, a complete scam.

Looks like they tried running several ICOs, one of them is even still active called sandcoin.org (which is obviously a scam too) Update 2: *

Premined: https://github.com/BTCGPU/BTCGPU/pull/2

    Unfinished pow implementation: https://github.com/BTCGPU/BTCGPU/pull/15

    Replay protection not implemented (You might lose your Bitcoins if you try to transfer or sell your airdropped Bitcoin gold be careful!): https://github.com/BTCGPU/BTCGPU/issues/18

    No change of difficulty algorithm implemented (they will compete with other GPU-mined coin for hashpower)

    No commits merged to main public repo in last 21 days

    Without the difficulty fix alone, this coin will crater rapidly.

Assuming it survives that, without replay protection, big exchanges won't list it, and wallets won't support it. The code is unfinished and in flux that no-one can seriously review it yet, and there's no commit for a testnet definition yet. (thanks to /u/StrawmanGatlingGun)

Update 1: In their Website-Snapshot from the github (https://github.com/BTCGPU/website) they stated that the fork snapshot already processed: "Bitcoin Gold (BTG) is a new proof-of-work cryptocurrency that will be hard forked from the Bitcoin blockchain on October 1 at block height 487427", which actually ended up being September 28th (https://blockchain.info/block-height/487427) partial info thanks to /u/rhuxx for the find.

As some of you may know, Bitcoingold is attempting to fork Bitcoin at the 25th of October. However in the past they decided they'll fork during the Bitcoincash date, both of which have ended up confusing me thus I've decided to do more research on the matter.

As I dug in deeper Bitcoingold started falling apart in front of my eyes losing all my trust in it. Here is what I've found.

First I read about this to get a better idea behind it: https://medium.com/@EthereumRussian/is-another-hardfork-going-to-kill-bitcoin-bitcoin-gold-e49b24ad8a9

The article mentioned there's been an ICO page, intrigued I decided to do a quick google search and found this 29 August bitcointalk thread that has more information regarding it: https://bitcointalk.org/index.php?topic=2046790.0

Along with the original Bitcoingold developer thread: https://bitcointalk.org/index.php?topic=2133536.0

It seems that they have possibly ran an ICO (Unsuccessfully most likely) but most certainly had premined the coin, thus I went to their website which at the time (9th of October) only ran a splash screen: http://btcgpu.org/ in an attempt to confirm my doubts.

This didn't lead me far, I needed to confirm those claims by myself, thus I went to the wayback machine (a wayback machine takes snapshots of websites so you can tell what changed in a website over time) and picked the August 31 date of the bitcoingold website. https://web.archive.org/web/20170831032225/http://btcgpu.org/

This confirmed the rumors, the website owners/original developers intended to run an ICO (which may or may not been successful) and also premined 16000 Blocks, worth at least 200,000 Bitcoin gold. The ICO price was supposedly 1 BTC = 10 BTG.

Since they are holding that information away from us and hiding it, this makes me believe that, bitcoingold is infact a scam and an attempt to milk the Crypto community out of their money, please don't fall into this scam and don't buy bitcoingold, dump it and let others know you can even do your own research with the Wayback machine I linked above or any time machine.

Regards, A fellow crypto investor

tl;dr BTG (Bitcoin gold is pre-mined 200,000+ BTG, and previously offered as an ICO, now they are trying to hide both of that information from us and telling people to dump their alts to get free "Bitcoin gold". the fork dates do not match, they specified different dates 3 times, once in their github page (1th october, and the block ended up being mined at 28th september) and a third time as 25th of october. all this combined information makes this me believe with no doubt that this is a scam in the making, and you should all dump your BTG as soon as you get it and never, ever buy BTG. also there is no replay protection, incomplete pow implementation, and no difficulity adjustment just the replay protection alone means you can lose your BTC by trying to sell/transfer your BTG, whois email associated domains shows complete scammy icos and domains registered under the email, this without a doubt they are 100% scammers.).

I also notice the difference in the dates that the forks were to happen according to them. Eventually is like none of those dates  actully held the forking activity as I noticed that it now happened on the 23rd of October 2017. All this issues is pointing to something. We all better be careful.

[coin-investor]

Strange situation. No official wallets, no official statements (only user speculations), but it is traded on few exchanges and trading means also someone is buying it 
Hope people will not lose too much on it.

It's too early to tell just like Bitcoincash many will support it and also many will call it scam but we need a few weeks more, to see if it will gain support from investors, some traders and investors have trusted mlm coin like Bitconnectcoin let's see how it goes for Bitcoingold.

[Casdinyard]

Strange situation. No official wallets, no official statements (only user speculations), but it is traded on few exchanges and trading means also someone is buying it 
Hope people will not lose too much on it.

It's too early to tell just like Bitcoincash many will support it and also many will call it scam but we need a few weeks more, to see if it will gain support from investors, some traders and investors have trusted mlm coin like Bitconnectcoin let's see how it goes for Bitcoingold.

Well the thing is bitcoin gold is just a free coin so don't expect too much from it. Looking in the coinmarketcap.com btg price $400 and it's actually not bad for a free coin. And unlike bch, btg and the team behind isn't active here and in social media, maybe it's too early for many assumptions so let's all just wait.

[ZaoXhou]

Bitcoin Gold is scam but it's hardly said "well thought". I wouldn't even check that before but after reading OP's post I agree with him completely. All evidences are clear. Don't give value to shitforks. They need to learn that people don't buy this foolishness.

I have to agree, it's just an easy fork with a premine. There are better alternatives than bitcoin gold anyway.

[babsjoe]

The scam called 'bitcoin gold' is been gradually exposed! The site of bitcoin gold has been unavailable in the last 24hrs! Nobody has any information on their update as regard development plan and some other services to make the coin marketable, mineabe and tradeable!

[btcbringer]

The scam called 'bitcoin gold' is been gradually exposed! The site of bitcoin gold has been unavailable in the last 24hrs! Nobody has any information on their update as regard development plan and some other services to make the coin marketable, mineabe and tradeable!

i heard the dev mine 200k bitcoin gold before, its really terrible, it must be scam for the dev to do like this, its shameless

[bambarmia]

its shameless

Shameless ?? People do not care about shame and morality when it comes to free money. The price of BTG is in the free fall now, so I strongly recommend you to sell all of them before it will hit $10 or something.

[Tyr808]

Probably good money for big holders in the short term, however in the longer run the hype on bitcoin gold will gradually fade. I sold mine and suggest to hold this not too long, also because there's another thing happening in november. Look at the chart of bitcoin cash and see what happened to holders. Good coin or not, trust is gonna stay with bitcoin and nothing else.