Bitcoin Gold is Forking Off

[thejaytiesto]

There was as snapshot where people is supposed to receive the coins 2 weeks from now because the devs are premining it for 2 weeks. This is fucking stupid lol. This fork could have been a decent experiment to see if equihash got any traction from miners but they had to premine it to turn it into a total joke. There's no point in bothering, I don't expect this to be worth even 2 figures rather soon. I understand the devs want some support but you have to find other alternatives to doing a premine if you don't want to carry that stigma in your coin forever.

[1713504221]

1713504221

[criz2fer]

I doubt that BCG would be worth anything a week after its release. What's troubling me is that all these constant forks could erode trust or further confuse people who are just starting to hear of bitcoins. I just hope this is not some underhanded move from the Chinese government.

I think this fork will just need time because like BCC and other altcoins which are dump already because of the upcoming BTG. Hope the segwit2x will make other currency balance with bitcoin until the end of the fork.

[jaysabi]

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.

You can find bitcoin gold on coinmarketcap here:  https://coinmarketcap.com/currencies/bitcoin-gold/

Perhaps it doesn't show on the first page because the code hasn't been released publicly yet, so there's no way to independently verify how many coins exist, and without knowing how many coins there are, it's not possible to calculate the market cap. Since the front page of coinmarketcap is ordered by marketcap size, the coin with an indeterminable market cap won't be listed there. As of this posting, BTCG is down 40% since the fork, which makes me happy to see. Nobody wants much to do with this coin, and they shouldn't.

[TagaMungkahi]

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.

Hey, can you comprehend what just i said!? I SAID BTG is a trash and not the HARDFORK being trash. I talking about the BTG and It's "SECRET" Developer with their premined coins, what do you think of what they gonna do??. Lol.

[pearlmen]

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 saw the pre-mined 100,000 for themselves the developers and I was thinking what could be wrong but they would surely have an argument for the defence because a lot of project here have provisions to take care of the developers and that 100,000 of the total 21,000,000 is actually a fractional percentage of what others developers are keeping for themselves. What matter is what will happen to that 100,000 will be the real determinant whether BTG will live to see next year or would fade away.

[setupbounds]

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.

I must say that if this happens, then this will be going to be the best thing happened so far especially for the ones who are planning for long term investment and holding of bitcoin. Bitcoin gold is really a very good idea and we all should appreciate this thing. This will increase the fame of bitcoin and it will grasp the interest of more people thus will help them in believing bitcoin.

[mamesso]

Terrible I think this is a crime, they do a monopoly.
and the more people who do this the more junk coins.
stay away from this behavior.

[jaysabi]

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 saw the pre-mined 100,000 for themselves the developers and I was thinking what could be wrong but they would surely have an argument for the defence because a lot of project here have provisions to take care of the developers and that 100,000 of the total 21,000,000 is actually a fractional percentage of what others developers are keeping for themselves. What matter is what will happen to that 100,000 will be the real determinant whether BTG will live to see next year or would fade away.

What's wrong is that if they were truly trying to release bitcoin gold to fix a problem they viewed with the code or the way bitcoin operates, then you do that on idealistic principal alone. Pre-mining the coin is only about enriching yourself. As it is, the motivation behind any hardforks at this point should be viewed with suspicion, but add on top of that an action that is blatantly about enriching yourself and you have a scenario where you don't deserve to be trusted.

Bitcoin at its core is about decentralization and not letting anyone control the money supply, and now we have a group of developers that are basically giving that notion the middle finger as they alone control the ability to create BTC Gold right now, and are using that power abusively in the exact way that bitcoin was designed to prevent.

[Shamie1002]

I doubt that it was a good coin in the first place. Name is generally an attractive one though. But I never left bitcoin's side during situations like this. Surely if you would invest in alts I would prefer the most popular ones which or those who are transparent and have a direct exchanges. More or less it's useless. No users that will adapt leading to death of coins.

[Cherylstar86]

I doubt that it was a good coin in the first place. Name is generally an attractive one though. But I never left bitcoin's side during situations like this. Surely if you would invest in alts I would prefer the most popular ones which or those who are transparent and have a direct exchanges. More or less it's useless. No users that will adapt leading to death of coins.

You have a point there. You mentiones that if we would invest in alts we should choose the most popluars kinds? Could you tell me few exact names of this if possible? Have you experienced using them as well? I wanna know how genuine it is. So far,I have used 2 or three coins already but if this forking off mode of bitcoin gold then that's somehow still useful. Considering that bitcoin is the main source of other coin's value in cryptocurrency. I guess it can solve any issue amongst bitcoin to bitcoin gold.

[layoutph]

Shame on this BTC forking people with evil plans of getting advantage from their premined coins. I believe  there will be more forkings to come. Forking is the new ICO with 100% rate of success. All you need is scumbag paid blockchain developers and hashing power.

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.

[pureclckr]

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.

You should stop waiting mate! Bitcoin gold is going to be more shitty than Bitcoin Cash. In fact, probably more shitty than Doge. The coin is a joke, the devs are set of jokes and they are not even trusted. I had rather use my gpu to mine a more valuable altcoin than wasting my time mining an unnecessary coin that should not in any way be in the market.

[beerlover]

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.

It is not even possible. These are just some team who wants to scam investors and enrich their pockets when they themselves know the coin was unnecessary with no value in the first place.

Everything about them was so shitty and I really wonder how they could even get listed on yobit before the fork. I am even happy that these days, the community is getting wiser by the day knowing what is right and wrong and sticking to it, so we don't just let any lazy dev give us some piece of shit.

[aizen10]

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.

really? if this true im thankful for this information, honestly i dont want to have any coins related on hard forks because its very obvious that they want to earn by doing forks (developers self-enrichment), even it has a free coins because of the influence of bitcoin, i really dont trust any other coins asides from bitcoin. thanks for this information any way. maybe it will become a warning for those people who wants/trying to invest on that upcoming coins (BTG).

[taiwww]

That is very sad news to know about bitcoin gold. I was very excited about the bitcoin gold as I got it free from the yobit exchanger. The equal amount was credited my account and I’m still holding those coins. I know the coin was being dumped very fast after I saw it going from 0.08 btc all down to 0.035 btc now. This means people are not supporting it at all and started to think that developers will also nit get anything out of after seeing the ridiculous market cap for this coin. So I think I will keep the coins as they are free anyway and can dump them after the public release if the price increase for short period.

[malikusama]

Another failed attempt like the last one in august.  Bitcoin Gold can't even able to compete Bitcoin Cash now and some idiots were comparing with it BTC. There isn't any strong support of Bitcoin Gold over the network and still many things are in doubt. People should need understand and avoid these shit coins because its seems that these coins are not going to stay for a long time.

[mOgliE]

Don't be one of the dummies buying.

That's an advice true for 99% of coins anyway.
Most coins, and especially the ones with ICO or shit like that are just advanced ponzi schemes.
They have nothing new, nothing invented and especially no usage value as NO ONE is using them as a currency. Most coins are used ONLY on trading plateform and that's all. They're exchanged for btc in a desperate attempt to raise the number of btc you're owning.

But nothing is created here and you shouldn't invest without being self aware that it's just a gamble.

[bitcad4u]

Don't be one of the dummies buying.

That's an advice true for 99% of coins anyway.
Most coins, and especially the ones with ICO or shit like that are just advanced ponzi schemes.
They have nothing new, nothing invented and especially no usage value as NO ONE is using them as a currency. Most coins are used ONLY on trading plateform and that's all. They're exchanged for btc in a desperate attempt to raise the number of btc you're owning.

But nothing is created here and you shouldn't invest without being self aware that it's just a gamble.

Bitcoin gold is going to be more shitty than Bitcoin Cash. In fact, probably more shitty than Doge.These are just some team who wants to scam investors and enrich their pockets when they themselves know the coin was unnecessary with no value in the first place.Many people are waiting for Bitcoin gold to Release and plan to inverse in Bitcoin gold.

[olushakes]

This coin is one ridiculous coin that is beating my imagination in terms of its dropping in value that even before the official launch it has dropped in value beyond comprehension and that is just adding to the list of coins who might not be relevant in the next quarter. If the price can crash this much, I wonder what will happen on the 1st of November when a lot of people will have access to their BTGs?.

[trecore4]

That explains why bitcoin gold is dumping at this movement. It’s all the way down and it is only because of investors untrustworthy nature regarding the bitcoin gold. This sucks that after all the fork and upgrades whatever we have got is another shitcoin to disturb the blockchain. Lols. Can’t imagine how kidding this fork was and what was it’s use? If forks like this keep coming then it will disturb the bitcoin market as well. So I believe that I should be investing into this. I would rather buy bitcoin and stay happy. ;-)