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.
Looks like bitcoin gold is finally getting a release date of this weekend for the rest of us peasants who haven't been privileged enough to part of the insiders pre-mining the heck out of it.
https://www.coindesk.com/bitcoin-gold-release-cryptocurrency-sunday/Again, I can't reiterate enough how much I hope this project fails. Nothing about this was done in a way to uphold or advance the principles cryptocurrencies were founded on, and everything about it seems like a cover to enrich the developers. Bitcoin cash looks like a bunch of saints compared to these guys.