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Author Topic: Bitcoin Gold is Forking Off  (Read 941 times)
buytheeffinD
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October 25, 2017, 03:47:43 AM
 #21

With the imminent release of bitcoin gold (another garbage, pointless coin) in the next 24 hours, it's a good time to remind everyone that the developers are shady. This is a China-miner lead fork, it serves no purpose other than the enrichment of the developers. According to Coinbase (https://support.coinbase.com/customer/en/portal/articles/2892196-bitcoin-gold-faq?b_id=13521), the developers are pre-mining 100,000 coins before releasing the code to the public. That's shady, garbage, self-enrichment behavior, and I hope this coin flames out because it's clearly designed to only enrich the developers. So essentially, after the fork happens, the only people mining will be the developers, and when they've determined they've made themselves rich enough, they'll release the code to the public while they probably dump their pre-mined coins.

Don't be one of the dummies buying.

You said it right it is pure garbage, trash, and god damn awful look on the industry. Cant believe this ish is allowed but its the wild west up in this. It will be nice when some regulatory bodies step and stop this shady stuffs

from happening often. Not only does it hurt people buying into this garbage but it also hurts the rest of the industry. So much power should not be in the hands of few but that is what happens when a lot of $$$ on the line!

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October 25, 2017, 03:47:53 AM
 #22

That is why that there must be no people to trust or invest in any kind of newly created coin because of Bitcoin's fork as it is only a copy cat of the original one and will serve no purpose at all but to only steal the fame of what Bitcoin already set to the whole world. If this statement of yours is really true then I am sure that this newly forked coin will be more worse than Bitcoin Cash.
i dont know what would be the support that this coin will received after the split, for miners they will be able to mine btc gold using gpu and what more?
after they mined they will sell it again to btc there's no real purpose same thing with bitcoin cash.

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October 25, 2017, 04:13:54 AM
 #23

I really hope that this crashes and burns, and if it doesn't people will learn a valuable lesson when they do see the 'devs' (if you want to call them that) of this shitty premined shitcoin that is only getting attention by people because it was after the big Bitcoin Cash fork, which actually had support of some people on these boards and in this community.

Let it die my brothers, let it die and this all will end.
Your wish is coming true, it's already crashing. Since the fork the price as hack down to $130, give maybe a day or 2 more people will sell their BTG. I am also waiting for the dust to settle so I can import my priv keys safely.

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October 25, 2017, 04:28:23 AM
 #24

That's why investors should be knowledgeable enough on this kind of fork in order for them to know what is real and what is not. Bitcoin Gold will not be even able to beat or to even reach what Bitcoin Cash have reached ( like having a follower and also a cult here in bct forum). another big suspicion here is the Developer who is not even known publicly.

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October 25, 2017, 05:06:41 AM
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I maybe new to investing and bitcoin Gold is not one of them(forking coins). This uncertainty and doubts towards the one making the fork is valid and they can’t even bother to save themselves or taking action about giving information accurately to the bitcoin community. The intention of the developers are extremely on a gray side, we all know that on that area it easier for them to go black than to be in white. Be smart enough to know that it is worthless to invest.
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October 25, 2017, 06:56:37 AM
 #26

I can not wait for bitcoin gold, will it be better than bitcoin cash or BCC? but I'm sure bitcoin is the main choice although it will appear bitcoin gold.

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October 25, 2017, 07:21:42 AM
 #27

The Premining issue is a full BS and also they have that "SECRET" "ANONYMOUS" "CUTE" LEAD DEVELOPER with an alias that is not Developer-ish alias is another FULL BS. They also have a Chinese LEAD Person there. Which is quite suspicious. Anyway, This will be like Bitcoin Cash. #Trashed

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October 25, 2017, 07:25:49 AM
 #28

With the imminent release of bitcoin gold (another garbage, pointless coin) in the next 24 hours, it's a good time to remind everyone that the developers are shady. This is a China-miner lead fork, it serves no purpose other than the enrichment of the developers. According to Coinbase (https://support.coinbase.com/customer/en/portal/articles/2892196-bitcoin-gold-faq?b_id=13521), the developers are pre-mining 100,000 coins before releasing the code to the public. That's shady, garbage, self-enrichment behavior, and I hope this coin flames out because it's clearly designed to only enrich the developers. So essentially, after the fork happens, the only people mining will be the developers, and when they've determined they've made themselves rich enough, they'll release the code to the public while they probably dump their pre-mined coins.

Don't be one of the dummies buying.

good info thanks for sharing, i have bitcoin from 22 october yesterday, i hope i get bitcoin gold and can enjoy the advantage of bitcoingold fork.

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October 25, 2017, 07:37:21 AM
 #29

I can not wait for bitcoin gold, will it be better than bitcoin cash or BCC? but I'm sure bitcoin is the main choice although it will appear bitcoin gold.
Bitcoin Gold is clearly trash from their "Secret" Lead developer along with the mining of BTG coins. That is pure BS. They just want to Pump the coin and dump their pre mines, with that they can be rich and scam the BTG investors. Be aware.

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October 25, 2017, 08:00:39 AM
 #30

With the imminent release of bitcoin gold (another garbage, pointless coin) in the next 24 hours, it's a good time to remind everyone that the developers are shady. This is a China-miner lead fork, it serves no purpose other than the enrichment of the developers. According to Coinbase (https://support.coinbase.com/customer/en/portal/articles/2892196-bitcoin-gold-faq?b_id=13521), the developers are pre-mining 100,000 coins before releasing the code to the public. That's shady, garbage, self-enrichment behavior, and I hope this coin flames out because it's clearly designed to only enrich the developers. So essentially, after the fork happens, the only people mining will be the developers, and when they've determined they've made themselves rich enough, they'll release the code to the public while they probably dump their pre-mined coins.

Don't be one of the dummies buying.
Great, so now we have even a pre-mined bitcoin! Wasn't this fork supposed to support small individual miners and let them have profit? I bet the organizer is a Chinese farm, not a small businessman. I guess the fork is already behind. I can see that people who had bitcoin on bitfinex already go bitcoin gold in their wallets, but I can't find this currency on coinmarketcap at all.
That is why that there must be no people to trust or invest in any kind of newly created coin because of Bitcoin's fork as it is only a copy cat of the original one and will serve no purpose at all but to only steal the fame of what Bitcoin already set to the whole world. If this statement of yours is really true then I am sure that this newly forked coin will be more worse than Bitcoin Cash.
This is truly the way you put it. It is even stated that bitcoin gold is like a reserved copy of original blockchain in case something happens to it. Doesn't sound like a good explanation to putting the original's price and reputation at risk to me.


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Yuhee
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October 25, 2017, 08:21:00 AM
 #31

I can not wait for bitcoin gold, will it be better than bitcoin cash or BCC? but I'm sure bitcoin is the main choice although it will appear bitcoin gold.
Bitcoin Gold is clearly trash from their "Secret" Lead developer along with the mining of BTG coins. That is pure BS. They just want to Pump the coin and dump their pre mines, with that they can be rich and scam the BTG investors. Be aware.

I think the purpose of hardfork is not just to split but to update new softwares. Or even throw some old blocks that was mined. And it's too early to judge btg gold if it is scam or not. Miners and devs have risked things for the hardfork. It is not just easy to announce it as scam. It is in each user to face the risk in acquiring btg. Im sure most are already if its scam or not. And for me it is good to have invested btg gold in a wallet if i can acquire free btg. Scam or not its my fault.

                                     
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October 25, 2017, 08:34:08 AM
 #32

I can not wait for bitcoin gold, will it be better than bitcoin cash or BCC? but I'm sure bitcoin is the main choice although it will appear bitcoin gold.
Bitcoin Gold is clearly trash from their "Secret" Lead developer along with the mining of BTG coins. That is pure BS. They just want to Pump the coin and dump their pre mines, with that they can be rich and scam the BTG investors. Be aware.

I think the purpose of hardfork is not just to split but to update new softwares. Or even throw some old blocks that was mined. And it's too early to judge btg gold if it is scam or not. Miners and devs have risked things for the hardfork. It is not just easy to announce it as scam. It is in each user to face the risk in acquiring btg. Im sure most are already if its scam or not. And for me it is good to have invested btg gold in a wallet if i can acquire free btg. Scam or not its my fault.
I'm always surprised when people say that the project is Scam even before the project came to light. It is not correct. Any project has a chance to develop, or he may die. Constantly appear and disappear new coins. They all scams? No. Perhaps the developers did something wrong and did not receive support. Many people think that bitcoin is also a Scam. No one knows their future. I wish good luck to all.

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October 25, 2017, 08:40:25 AM
 #33

Better to sell all your airdrop btc gold once you receive if your are planning to hoard btc for the airdrop. They are making it a trend to have a fork everytime btc price becomes stagnant or dips. After this btc gold what's next? Btc platinum? Btc diamond? Only devs and whales are gaining from this forks. Break the chain.
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October 25, 2017, 08:47:25 AM
 #34

As we see the current price is $164.47 vs yesterdays 400$+
Seems like the only good usage of this fork is just selling it asap for a higher price. Actually the same that with bitcoin cash but much faster this time.
P.S. I am realy surprized that someone is buying those garbage forks.

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October 25, 2017, 08:56:40 AM
 #35

Bitcoin is So risky to invest So when open new fork from it you waste your time , burn others money and Destroy BTC
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October 25, 2017, 09:11:21 AM
 #36

So the coin is published on the chain successfully after all no and woos. It’s been enjoyed as free coin and people are getting free money out of it. Some of them are getting 30% of bitcoin as free fiat after conversion and do you really think that it is piece of garbage. I’m sure it’s not after all everyone is enjoying the free money and trying to get more and more they could. It’s too early to predict anything in bullish way. Always look for more information before predicting. It’s part of development process and I believe it will succeed.

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TheUltraElite
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October 25, 2017, 10:11:08 AM
 #37

In future bitcoin gold will be followed by many other altcoins. Just like everyday we see new altcoin tokens op up which are ethereum based erc20 tokens these altcoins dont have a future like bitcoin. Bitcoin is unique and it has its own competitors but no other altcoin which is a fork of bitcoin can replace bitcoin. These forks are increasing the price of bitcoin prior to the fork true but this idea of selling the new shitcoin and making money from the fork does not seem good to me at all.

Wort Wort Wort!!
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October 25, 2017, 10:27:40 AM
 #38

With the imminent release of bitcoin gold (another garbage, pointless coin) in the next 24 hours, it's a good time to remind everyone that the developers are shady. This is a China-miner lead fork, it serves no purpose other than the enrichment of the developers. According to Coinbase (https://support.coinbase.com/customer/en/portal/articles/2892196-bitcoin-gold-faq?b_id=13521), the developers are pre-mining 100,000 coins before releasing the code to the public. That's shady, garbage, self-enrichment behavior, and I hope this coin flames out because it's clearly designed to only enrich the developers. So essentially, after the fork happens, the only people mining will be the developers, and when they've determined they've made themselves rich enough, they'll release the code to the public while they probably dump their pre-mined coins.

Don't be one of the dummies buying.
Developers premining many coins is shady indeed even if it is only an ordinary altcoin. The project is bullshit and probably no one will ever buy into bitcoingold, most will probably dump immediately because it is not handled well and is really not better than original btc itself. It might become another shitcoin after some months after the release. People want btg for free money anyway, there will only be few willing to buy btc after release. Bitcoin cash is better than Bitcoin Gold IMO.
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October 25, 2017, 03:14:22 PM
 #39


As we see the current price is $164.47 vs yesterdays 400$+

Seems like the only good usage of this fork is just selling it asap for a higher price. Actually the same that with bitcoin cash but much faster this time.

P.S. I am realy surprized that someone is buying those garbage forks.



The surprise is no more because it was already known to most of the crowd that they will receive the free bitcoin gold which they can later on dump for real bitcoin.


Now people are more aware this time due to segwit2x where most of the community enjoyed receiving the free cash. This time people don’t wanted to loose the money and they made reality. This is why we are seeing more dumping rate, faster than previous one.

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October 25, 2017, 03:44:28 PM
 #40

With the imminent release of bitcoin gold (another garbage, pointless coin) in the next 24 hours, it's a good time to remind everyone that the developers are shady. This is a China-miner lead fork, it serves no purpose other than the enrichment of the developers. According to Coinbase (https://support.coinbase.com/customer/en/portal/articles/2892196-bitcoin-gold-faq?b_id=13521), the developers are pre-mining 100,000 coins before releasing the code to the public. That's shady, garbage, self-enrichment behavior, and I hope this coin flames out because it's clearly designed to only enrich the developers. So essentially, after the fork happens, the only people mining will be the developers, and when they've determined they've made themselves rich enough, they'll release the code to the public while they probably dump their pre-mined coins.

Don't be one of the dummies buying.

I have always had the premonition that this bitcoin gold would have a hoodwinking motive on users and this is what it is coming up to. Minners having ulterior motives to enrich theirselves.

I have read a thread here that was asking if bitcoin could stop corruption, now we know better.

Corruption and fraud come in diverse ways.
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