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Author Topic: What is BTG (Bitcoin Gold)  (Read 1039 times)
Cryptokobi
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October 23, 2017, 03:42:05 PM
 #1

Help, What is BTG? what should I do with my Bitcoin?
I invested my BTG and bought PAX tokens check it out:
www.payperex.com
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wishingwell
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October 23, 2017, 03:50:07 PM
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It is an ALT coin, a fork of the bitcoin chain happening sometime tonight. If you have your bitcoin private keys you will be able to claim BTG on a 1:1 basis after the fact.
Cryptokobi
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October 23, 2017, 03:51:50 PM
 #3

It is an ALT coin, a fork of the bitcoin chain happening sometime tonight. If you have your bitcoin private keys you will be able to claim BTG on a 1:1 basis after the fact.
Should I expect the bitcoin to go down? Thanks!
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October 23, 2017, 04:12:40 PM
 #4

It is an ALT coin, a fork of the bitcoin chain happening sometime tonight. If you have your bitcoin private keys you will be able to claim BTG on a 1:1 basis after the fact.
Should I expect the bitcoin to go down? Thanks!

Definitely not much. Bitcoin Gold's community support is very poor, and it's trading volume and market cap are going to be extremely low, atleast for the time being. Thus, this should not affect BTC's value much, maybe it will go down a few 100$-250$ or so, but this is supposed to be very short term. Bitcoin Gold will only emerge as a pump-and-dump altcoin.

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October 23, 2017, 05:06:47 PM
 #5

a premined altcoins which has nothing to do with bitcoin

maman09
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October 24, 2017, 05:22:29 AM
 #6

Help, What is BTG? what should I do with my Bitcoin?

you just have to hold bitcoin for a while. because in some market exchanges can not exchange with bitcoin. chances are you will get a btg with the ratio of bitcoin you have.

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October 24, 2017, 05:29:03 AM
 #7

Help, What is BTG? what should I do with my Bitcoin?
No problem with your BTC! BTG is a new coin (split from BTC) at the time of splitting, if you have BTC, you also have the corresponding BTG. You should transfer the BTC to another wallet before you use the Private key to transfer BTG coin (this is only a safe option)

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October 24, 2017, 06:36:01 AM
 #8

Bitcoin Gold is another Bitcoin's Hard Fork - a rival for Altcoins. It is packed tons of features that isn't present in Bitcoin so this promising new currency will be able to mine with lower specs of hardware, it is due Bitcoin's mining is currently big mining companies will be always been rewarded and also with other features that could be accessible by everyone and I think this how blockchain community should be.

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October 24, 2017, 06:44:49 AM
 #9

Its just another coin that will be traded for no real reason in my opinion. Its for speculation nothing more.

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October 24, 2017, 07:12:07 AM
 #10

Bitcoin gold is new cryptocurrency from bitcoin hardfork. This coin has different script with bitcoin and this coin can be mining with cheap GPU.

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October 24, 2017, 07:17:32 AM
 #11

Help, What is BTG? what should I do with my Bitcoin?

Bitcoin Gold is another fork of bitcoin. Some says it is another coin that replaces the Bitcoin Cash. But based on my undesrtanding, it is the reward you can get if you hold BTC or Bitfoin Cash. Whatever it is, it is new invention of coins that is trying to be popular now.
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October 24, 2017, 07:23:06 AM
 #12

Bitcoin Gold is a new cryptocurrency after a hard fork is initiated form its original digital coin (Bitcoin). I am expecting a drop of bitcoin's market value after the hard fork and i guess it's the right time to invest on it too. I have also joined on an airdrop of BTG recently and hopefully i can received a token from that airdrop. Hopefully this BTG will be a good coin.

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October 24, 2017, 07:24:56 AM
 #13

btc gold is a new scam altcoin project. I think 1m premine=scam. ıt use bitcoin name and popularity

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unusualfacts30
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October 24, 2017, 07:27:24 AM
 #14

In short, bitcoin gold aims to achieve two goals:

First, bitcoin gold wants to change how mining works by making it so the most powerful mining machines (called ASICs) can no longer be used. Second, by attracting more people to this system over time, it hopes to free the bitcoin network from the large companies that offer these products, and it argues, command undue influence on the network.

The bitcoin gold cryptocurrency is set to be created in advance (prior to the code being open-sourced to the public). About 1 percent of the total cryptocurrency tokens mined before the blockchain goes public will be used to pay the bitcoin gold development team. Once this distribution is over, the team claims it will launch the cryptocurrency so that users can redeem their coins.

All in all, it's unclear if business and mining groups will ultimately support the project, and if they do, how much value the alternative blockchain could create.

helin9108
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October 24, 2017, 07:27:58 AM
 #15

Bitcoin Gold is a clone of the main Bitcoin blockchain that will result in a 1:1 split of your Bitcoin funds, so if you have 1 Bitcoin you will receive 1 Bitcoin Gold in the same. The goal of Bitcoin Gold is to make it possible for anyone with GPU graphics cards to mine Bitcoin Gold just using their home computer, which they believe will make mining more democratic.As long as you hold the private key for your BTC, you will be able to claim your Bitcoin Gold by exporting the private key and importing it into one of the supported Bitcoin Gold wallets listed on the official Bitcoin Gold Website.

Cryptokobi
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October 24, 2017, 12:51:35 PM
 #16

btc gold is a new scam altcoin project. I think 1m premine=scam. ıt use bitcoin name and popularity
Scam?
HansWermhat
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October 24, 2017, 01:07:18 PM
 #17

Just another fork of Bitcoin trying to piggy back on it's popularity while not really bringing any benefits of it's own.

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October 24, 2017, 01:15:32 PM
 #18

Please who knows if bittrex will also give BTG for BTC for the amount of BTC in BIttex account

aoluain
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October 24, 2017, 01:36:49 PM
 #19

yes bittrex will be crediting each account which had BTC
with the new BTG but I dont know the time frame for this.

BTG is actually a "snapshot" of the bitcoin blockchain and
took effect when block 491407 was mined. The thing I like
about it is that it is trying to make it easier to mine for almost
anyone rather than the elite few who virtually control the
mining of Bitcoin.

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October 24, 2017, 04:04:21 PM
 #20

Help, What is BTG? what should I do with my Bitcoin?
- Another bitcoin clone
- Mineable with GPU not with ASIC
- Premined by developers, one of the lead developer is trying hard to remain anonymous
- If you had bitcoin when snapshot of blockchain was taken around mid day today than you can get bitcoin gold for free, you just need to have private key of your bitcoin addres.
- They are offering nothing new so expect heavy dump in market.


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