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Author Topic: BITCOIN GOLD VS SEGWIT 2X  (Read 680 times)
thilinanamal (OP)
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October 22, 2017, 06:39:35 AM
 #1

Its a massive change in BTC blockchain. 2 hard forks one after other.
It's good to discuss the differences and pros & cons between SEGIT2X & BTG.
It seems BTG is better than SEGWIT 2X. Open to discuss
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October 22, 2017, 06:45:57 AM
 #2

Hey
Both aims at increasing the efficiency of bitcoins and thus I think there is a striking similarity between the two of them.
He first hark fork will give rise to a way from where the Bitcoin Gold will be released into the market , some claims that equal amount of bitcoin gold will be distributed to everyone, equivalent to the balance they hold in an offline wallet that supports the hard fork , besides this I think its kind of similar to segwit2x, where the blockchain size will increase from 1 MB to 2MB allowing the transaction speed to increase .. this will make them faster and more accurate.

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October 22, 2017, 06:56:45 AM
 #3

Its a massive change in BTC blockchain. 2 hard forks one after other.
It's good to discuss the differences and pros & cons between SEGIT2X & BTG.
It seems BTG is better than SEGWIT 2X. Open to discuss

There's really no comparison. Bitcoin Gold is intended to be an altcoin -- a new vision for Bitcoin with entirely different economic roots (GPU mining). It is supposed to have replay protection, so it should have no effect on BTC users, other than some free money if it's worth something.

Segwit2x is something different. Their developers intend it to be an "upgrade" and so they aren't adding replay protection. It could therefore cause a lot of confusion (and financial losses), especially because various businesses will follow whatever chain has more cumulative difficulty. If miners leave the legacy chain en masse, it could also cause significant disruption on the legacy network. So the Segwit2x fork is much more risky.

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October 22, 2017, 07:06:03 AM
 #4

The main difference:
Bitcoin Gold is better to compare with a Litecoin fork in 2011. We can say that it is abosolutely new altcoin, with a different from bitcoin cryptographic algorithm, and they use main blockchain just in porpose to issue initial coins. You can easily get your BTG, if you keep your Bitcoins on one of the exchanges that supports BTG or on wallet where you control your private keys (Bitcoin Core, etc.)
And the main idea of SegWit 2X is to improve the Bitcoin Blockchain and solve the problem of scaling bitcoin network. I believe that we wont see a split up in the middle of November, but if it happens, we will see two separate coins B2X and BTC (B1X).
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October 22, 2017, 07:06:37 AM
 #5

To be honest, forks are just adding a danger to Bitcoin as the number of fork increases, the miners mining BTC decreases.
It's quiet obvious because the people who intend to fork BTC obviously want to split away and mine their own coin.
So miners on the BTC side decreases which later on becomes a threat to BTC as the transaction fees will increase.
What do you guys think on this issue ?

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October 22, 2017, 07:18:20 AM
 #6

Its a massive change in BTC blockchain. 2 hard forks one after other.
It's good to discuss the differences and pros & cons between SEGIT2X & BTG.
It seems BTG is better than SEGWIT 2X. Open to discuss
I don't know how you come to the conclusion that BTG is better than segwit 2x.Hard fork is going to occur in october 25th which would lead to creation of BTG coins.Its supporters say that mining algorithm would be changed so that BTG could be even mined with GPU systems.It has no miner support,no wallet support and no exchange support.Just recently,bittrex has announced that it would support BTG.We actually don't know how many days BTG coins would exist and how transactions would take place.I think that it would be nothing other than a garbage.

Segwit 2x activation is supported by almost 85% of miners and exchanges and big mining companies.It is to be activated on november.If it successfully gets majority support,then it would replace the old bitcoin and there would be no more free coins.If segwit 2x activation does not gets enough suppotrt,then probably there would be a split in the chain and as a result,there would be two coins.Bitcoin holders would get free coins.
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October 22, 2017, 07:20:27 AM
 #7

The real fork is the 1x vs 2x. Bitcoin Gold is a scam and people should just ignore it tbh, giving it any attention is bad...they have no wallet, no support, nothing...

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October 22, 2017, 07:23:06 AM
 #8

The real fork is the 1x vs 2x. Bitcoin Gold is a scam and people should just ignore it tbh, giving it any attention is bad...they have no wallet, no support, nothing...

there is a lot of money to be made using bitcoin gold, why should anyone ignore a lot of money?
first there is the airdrop which is free money giveaway to anyone holding any amount of bitcoin. ignoring it means ignoring free money.
second is the pump and dumps that it will have, this requires traders and some experience but most people can make a lot of profit from it.
and finally is the mining, that you can start doing with your GPU at home without needing to buy an ASIC for example.

Buying the dip...
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October 22, 2017, 07:35:17 AM
 #9

The real fork is the 1x vs 2x. Bitcoin Gold is a scam and people should just ignore it tbh, giving it any attention is bad...they have no wallet, no support, nothing...
Firstly, I agree that BTG is a useless and unnecessary fork that should not have happened in the first place and the little issue that bittrex raised recently on why they would not list it but give users their BTG is a bit alarming. For reference purpose; https://support.bittrex.com/hc/en-us/articles/115002320451
However, your statement about having no wallet, isn't right. They do and you can check their official site to see their listed wallet and exchanges.

Furthermore, B2X still remains the only contentious hard fork for now and I am really eager to see how it would play out and the idea of not adding replay protection is messed up. Support from the community for it is dropping knowing how this might eventually lead us to centralization if allowed. But as far as I am concerned, it is a shit coin to me and won't have my support anytime any day. Why will I ever want to give up control to miners? No way!

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October 22, 2017, 08:25:11 AM
 #10

Its a massive change in BTC blockchain. 2 hard forks one after other.
It's good to discuss the differences and pros & cons between SEGIT2X & BTG.
It seems BTG is better than SEGWIT 2X. Open to discuss
Just a month ago this statement was quite different people were worshipping segwit2x while btg was considered quite normal but now many of the core developers have taken back their support from segwit 2x. Both of them aim at making bitcoin more effective in their own ways. But personally I think segwit 2x is really a good fork to speed up the blockchain system.
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October 22, 2017, 08:32:04 AM
 #11

Segwit2x is a corporate coup on bitcoin network. If they somehow manage to destroy the legacy chain with this coup, bitcoin gold offers everything we bitcoiners ever wanted.

Everybody knows that the devs  made a mistake by letting ASICs live when they first appeared. If they crushed the snake's head back in the day, we wouldnt be discussing these crap now.


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October 22, 2017, 08:37:21 AM
 #12

Its a massive change in BTC blockchain. 2 hard forks one after other.
It's good to discuss the differences and pros & cons between SEGIT2X & BTG.
It seems BTG is better than SEGWIT 2X. Open to discuss
Just a month ago this statement was quite different people were worshipping segwit2x while btg was considered quite normal but now many of the core developers have taken back their support from segwit 2x. Both of them aim at making bitcoin more effective in their own ways. But personally I think segwit 2x is really a good fork to speed up the blockchain system.

I don't remember any of the core developers ever supporting Segwit2x to now want to take it back. each of these proposals are not completely bad. they are always advantages and disadvantages to each and every one of them. sometimes there are more downsides to some of them than any good that can come out of them.

and these statements you are talking about are just different people with different opinions and speculations. I have no idea why OP is saying BTG is better though since he forgot to say "why" Tongue

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October 22, 2017, 05:08:20 PM
 #13

BTG is the bitcoin as should be. Bitcoin has become a centralized coin, because is controlled by few miner and not the whole world. BTG will bring back the power to the people, Believe people much choose BTG if they want a real decentralized coin as its creator wanted.

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October 22, 2017, 05:22:32 PM
 #14

BTG is the bitcoin as should be. Bitcoin has become a centralized coin, because is controlled by few miner and not the whole world. BTG will bring back the power to the people, Believe people much choose BTG if they want a real decentralized coin as its creator wanted.

No, I am sorry but people do not know what Bitcoin Gold is. Even if it is a better coin, they only care about the name Bitcoin and not some other coins right now.



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thilinanamal (OP)
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October 22, 2017, 06:02:10 PM
 #15

Its a massive change in BTC blockchain. 2 hard forks one after other.
It's good to discuss the differences and pros & cons between SEGIT2X & BTG.
It seems BTG is better than SEGWIT 2X. Open to discuss

There's really no comparison. Bitcoin Gold is intended to be an altcoin -- a new vision for Bitcoin with entirely different economic roots (GPU mining). It is supposed to have replay protection, so it should have no effect on BTC users, other than some free money if it's worth something.

Segwit2x is something different. Their developers intend it to be an "upgrade" and so they aren't adding replay protection. It could therefore cause a lot of confusion (and financial losses), especially because various businesses will follow whatever chain has more cumulative difficulty. If miners leave the legacy chain en masse, it could also cause significant disruption on the legacy network. So the Segwit2x fork is much more risky.

So what's so interesting about replay policy in segwit?
why it is not included in new hard fork?
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October 22, 2017, 06:16:56 PM
 #16

Btc gold will be more decentralized than bitcoin. Gpu have any one

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October 22, 2017, 06:23:00 PM
 #17

Its a massive change in BTC blockchain. 2 hard forks one after other.
It's good to discuss the differences and pros & cons between SEGIT2X & BTG.
It seems BTG is better than SEGWIT 2X. Open to discuss

Segwit activation will increase the block size and then this effectively changes the bitcoin transaction confirmation time normally. I noticed that in last segregated witness happened in August 1st. This time will be also same thing will happen.
Bitcoin Gold is the new coin which is gonna introduced in the hard fork and coin splitting time will started on that day dude. There is no any comparison in between these updation and upcoming coin.

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thilinanamal (OP)
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October 23, 2017, 07:27:02 PM
 #18

Btc gold will be more decentralized than bitcoin. Gpu have any one

it seems like that but as it is in the market now we can see it is increasing the market cap which is accumulation of trader leads to uptrend
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