[ANN] Bitcoin Gold : Make Bitcoin Decentralized Again

[coinmediaco]

i hope wallet won't be late, i still not claimed any bitcoin gold yet

[vcdragon]

i dont think this is a coin i will hold

[Halmater]

Can anyone explain to me why 'core' is against this development.   Mining with GPU seems such a good thing to do that I don't understand why it wasn't just incorporated into Bitcoin.
If that had happened it would be so much simpler.   I don't understand why this idea had to get a fork to be realized.
Someone please enlighten me

Good thing for what? If bitcoin can have as simple as say fork to fork, than there no security at all for holding it

Thanks for addressing my concern.

It seems like GPU mining would be a 'good thing' for the future of cryptocurrencies including Bitcoin.    This would take the power away from large miners and give it back to the community - more individuals have an incentive to be involved in verifying the chain.    I'm sure you've heard the saying "power corrupts" - well, I think that is true and any protocol that prevents a few individuals from amassing power (like Bitmain) is good.  Decentralization is paramount to a fair system for the people and by the people!

So why didn't bitcoin 'core' take on this idea and prevent a fork?

GPU mining - no good..    I don't get what the argument is   PLEASE explain!  

The is no absolute GPU Mining, there will be another ASIC to replace it in the future, so do we have to fork time to time to avoid being centralize?

I agree that ASIC seem to make miner not distribute well, and bitmain monopolize the market because they have the power to do so
Decentralization is good as its the core reason bitcoin being live but i dont think GPU is the right solution

What I wonder is this coin is viable in the long run because BCH has to be at 0.14 ... sat to create a profit mining it.
at least that's what I understood about it. I could be wrong of course.

bch backed by big groups .bitcoin gold dont have any backers only fans.

[vitocorp]

Bitcoin gold, a new fork of the bitcoin software, may not have been officially launched (or distributed to users), but that isn't stopping the cryptocurrency markets from seeking to determine its potential value (or profiting from its eventual existence).
In an interesting twist on a typical distribution, a number of exchanges are now listing a token that represents a claim on the future delivery of bitcoin gold (in advance of it becoming available to all bitcoin users). Ahead of that event, however, traders are seeking to value the asset, which proposes an alternative to the difficulty of competing for rewards on bitcoin's mining network.

https://www.coindesk.com/whats-price-bitcoin-gold-crypto-traders-still-arent-sure/

[tekmobile]

What I wonder is this coin is viable in the long run because BCH has to be at 0.14 ... sat to create a profit mining it.
at least that's what I understood about it. I could be wrong of course.

Profitability has nothing to do with the value it could be 0.001BTC and still be profitable the determining factor is how many want to mine it and this value will equalise with other competing coins until profitability is about equal  

The only reason BCH needed a higher value is the big mining pools that supported it moved too much power over

[tekmobile]

Don't fall for this scam, just because it's called Bitcoin it's just a shit coin the dev are already pre mining it for a week and from.what I found they have tried to make an ico before

https://web.archive.org/web/20170831032225/http://btcgpu.org/

Basically they will have 200 000 btg to dump and people will lose their money.

Things have changed there WILL NOT be 200k coins pre-mined read the code its 8000 blocks (100k) and this is not being released straight away it's being timelocked on the blockchain and released at 20k a year so if this coin does not survive the devs get very little and most will die still locked in the chain untouchable

[arcfaith]

Sorry to say but based on what was shown this seems like a get and dump coin for the dev to earn quick cash
Too many negative news on bitcoin gold

[tekmobile]

Sorry to say but based on what was shown this seems like a get and dump coin for the dev to earn quick cash
Too many negative news on bitcoin gold

As posted earlier the dev's cannot just dump the premine its going to be timelocked on the blockchain and released over several years so for the dev's to cash out everything this coin needs to survive for several years

[MarcusMillstrom]

Can anyone explain to me why 'core' is against this development.   Mining with GPU seems such a good thing to do that I don't understand why it wasn't just incorporated into Bitcoin.
If that had happened it would be so much simpler.   I don't understand why this idea had to get a fork to be realized.
Someone please enlighten me

Good thing for what? If bitcoin can have as simple as say fork to fork, than there no security at all for holding it

Thanks for addressing my concern.

It seems like GPU mining would be a 'good thing' for the future of cryptocurrencies including Bitcoin.    This would take the power away from large miners and give it back to the community - more individuals have an incentive to be involved in verifying the chain.    I'm sure you've heard the saying "power corrupts" - well, I think that is true and any protocol that prevents a few individuals from amassing power (like Bitmain) is good.  Decentralization is paramount to a fair system for the people and by the people!

So why didn't bitcoin 'core' take on this idea and prevent a fork?



GPU mining - no good..    I don't get what the argument is    PLEASE explain!    

The is no absolute GPU Mining, there will be another ASIC to replace it in the future, so do we have to fork time to time to avoid being centralize?

I agree that ASIC seem to make miner not distribute well, and bitmain monopolize the market because they have the power to do so
Decentralization is good as its the core reason bitcoin being live but i dont think GPU is the right solution

I agree that someone will always find a way to make mining more efficient and implementing GPU would only decentralize temporarily.   But isn't that the point - that Bitcoin can change because  its open source - would GPU mining have any negative impact?

Anything to curb Bitmain growing monopoly, even for a short while, should be a positive.  Unless I'm missing the downside about GPUs, it seems that 'core' have some agenda that isn't for the benefit of the bitcoin community.

(It seems that 'core' have some agenda that isn't for the benefit of the bitcoin community.)

Do you have a link for me? This does not sound right, so I would like to know more about it.

[tuanbct95]

Has it been decentralized as the anouncement said? Lots of Bitcoin-prefix have been released within the last week.

[tekmobile]

https://bitcoingold.org/bitcoin-gold-dev-update-1/

[lupanar]

Is anybody know Electrum wallet is supporting BTG or not?

[okan1964]

btg wallet with private keys:)))) we need fgor to exarct our coins..

[techjcv]

Is anybody know Electrum wallet is supporting BTG or not?

Obviously no since they only develop bitcoin wallet, but since the code is open source, maybe someone will use it to make BTG wallet

correct, I think that's no problem if electrum does not support bitcoingold because you can import your address into another wallet. usually coinomi is always open to other wallets in claiming hardfork coin from bitcoin.

[lupanar]

Is anybody know Electrum wallet is supporting BTG or not?

Obviously no since they only develop bitcoin wallet, but since the code is open source, maybe someone will use it to make BTG wallet

I mean holders of btc coins in Electrum wallet will be able to recieve BTG? or only holders of Coinomi, Guarda and Freewallet?

[Millionero]

Don't import keys from an address that has btc in it.
Send the btc to a new address first.
Then import the old keys into a btg wallet.
This relies on replay protection of course; but if there is no replay protection, why are you trying to split coins?
There is a way to split coins from a fork that has no replay protection, but it's way too complicated for me.
So:  wait.

[Vansire]

I haven't paid attention to Bitcoin Gold lately. What's the verdict so far?

[TheNightBird]

Don't fall for this scam, just because it's called Bitcoin it's just a shit coin the dev are already pre mining it for a week and from.what I found they have tried to make an ico before

https://web.archive.org/web/20170831032225/http://btcgpu.org/

Basically they will have 200 000 btg to dump and people will lose their money.

Things have changed there WILL NOT be 200k coins pre-mined read the code its 8000 blocks (100k) and this is not being released straight away it's being timelocked on the blockchain and released at 20k a year so if this coin does not survive the devs get very little and most will die still locked in the chain untouchable

I understand but why did they are already mining it ?
https://bitnodes.21.co/nodes/?q=Bitcoin+Gold

Basically they are setting difficulty low and mining all the coins during a whole week before release ? To me it's the same.

[tekmobile]

Don't fall for this scam, just because it's called Bitcoin it's just a shit coin the dev are already pre mining it for a week and from.what I found they have tried to make an ico before

https://web.archive.org/web/20170831032225/http://btcgpu.org/

Basically they will have 200 000 btg to dump and people will lose their money.

Things have changed there WILL NOT be 200k coins pre-mined read the code its 8000 blocks (100k) and this is not being released straight away it's being timelocked on the blockchain and released at 20k a year so if this coin does not survive the devs get very little and most will die still locked in the chain untouchable

I understand but why did they are already mining it ?
https://bitnodes.21.co/nodes/?q=Bitcoin+Gold

Basically they are setting difficulty low and mining all the coins during a whole week before release ? To me it's the same.

Them nodes are nothing to do with them just people that have built from source and if you look at the block height they are all at or below the fork block so no there have not been new blocks mined

The premine will most likely happen local and probably in a day the difficulty is being set at 1 to block times would be seconds apart for this

[Ayers]

Don't import keys from an address that has btc in it.
Send the btc to a new address first.
Then import the old keys into a btg wallet.
This relies on replay protection of course; but if there is no replay protection, why are you trying to split coins?
There is a way to split coins from a fork that has no replay protection, but it's way too complicated for me.
So:  wait.

if i send bitcoin to another address and wait for 30 confirmations, i need to worry about no replay protection? i don't think so because those bitcoin are now associated with another privatekey right?