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Author Topic: Bitcoin Silver - Make Bitcoin Decentralized Again  (Read 76626 times)
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Simonsolo
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October 24, 2017, 09:38:05 AM
 #1

Bitcoin Silver
Make Bitcoin Decentralized Again

DECENTRALIZATION

Bitcoin Silver implements a new PoW algorithm, Equihash, that makes mining decentralized again. Special computer hardware designed for BTC mining (ASICs) is obsolete for mining BTG, giving ordinary users a chance to mine with ubiquitous GPUs.

FAIR DISTRUBUTION

A hard fork of Bitcoin is the most fair and efficient method of creating and distributing a new digital asset. Coins that are created from a new genesis block always have ownership concentrated among a smaller group of people.


REPLAY PROTECTION

In order to ensure the safety of the Bitcoin ecosystem, Bitcoin Silver has implemented full replay protection, an essential feature that protects users coins from being spent accidentally.


TRANSPARENCY

Bitcoin Silver is a free open source software project that is built by volunteer developers and supported by a rapidly growing community of Bitcoin enthusiasts that stretches across the globe.


Comparison

Supply : 21 Million
PoW algorithm : Equihash
Mining Hardware : GPU
Block Interval : 30 sec
Block size (actual) : 1M (2-4M)
Difficulty adjustment : Every block
Segwit : Yes
Replay protection : Yes
Unique address format : Yes

FAQ

What is Bitcoin Silver?
Bitcoin Silver is a fork of the Bitcoin blockchain that will occur in December. At the predetermined block height, Bitcoin Silver miners will begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency will be born.


What is the purpose of Bitcoin Silver?
The purpose of Bitcoin Silver is to make Bitcoin mining decentralized again. Satoshi Nakamoto’s idealistic vision of “one CPU one vote” has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of which have engaged in abusive practices against individual miners and the Bitcoin network as a whole. By changing Bitcoin’s proof-of-work algorithm from SHA256 to Equihash, all of the specialized SHA256 mining equipment will be obsolete for mining the Bitcoin Silver blockchain. Thus, Bitcoin Silver will provide an opportunity for countless new people around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations. A more decentralized, democratic mining infrastructure is more resilient and more in line with Satoshi’s original vision.


How can I get Bitcoin Silver?
The Bitcoin Silver (BTSI) initial coin distribution method is exactly the same as that used by Bitcoin Cash (BCH). All Bitcoin holders who possess BTC private keys in December (block still to be decided) will receive Bitcoin Silver on the rate of 1 BTC = 1 BTSI (If you have 20 BTC you will receive 20 BTSI). You need to control BTC private keys in order to make Bitcoin Silver transactions.



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whoisthismanoO
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October 24, 2017, 09:43:34 AM
 #2

wallet?
git?
site?
whitepaper?
damNmad
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October 24, 2017, 09:54:48 AM
 #3

Is this really happening?


Why bitcoin is getting forked again and again and again!!


There are so many potential coins available in the crypto market!

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October 24, 2017, 10:21:34 AM
 #4

Another bitcoin fork again. I think bitcoin silver is not good name like bitcoin gold. And when this fork train stops.

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October 24, 2017, 10:29:20 AM
 #5

seriously...


this god damn cash grab gotta stop

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October 24, 2017, 10:45:11 AM
 #6

please fix it, there is nothing we can follow in your thread. we can not see that you have any seriousness in developing your coins.

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October 24, 2017, 10:46:11 AM
 #7

What is the difference with Bitcoin Gold ?
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October 24, 2017, 10:48:59 AM
 #8

Is this really happening?


Why bitcoin is getting forked again and again and again!!


There are so many potential coins available in the crypto market!

No. Bitcoin is not hard fork again.
this is not the same bitcoin, this is altcoins. no wallet and feature in the future.

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October 24, 2017, 10:49:23 AM
 #9

cause this is scam Cheesy i heard bpys talking about this of BTG slack Cheesy cant believe they actual;y did it Cheesy well attleast they tring

sell ur Hashpower to NiceHASH and lose your money !!!!!!!
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October 24, 2017, 11:25:04 AM
 #10

People wants to make easy money on the hype
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October 24, 2017, 11:27:44 AM
 #11

Tomorrow Bitcoin Platinum or Bronze? Grin
Simonsolo
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October 24, 2017, 12:35:41 PM
 #12

People wants to make easy money on the hype

Everybody will receive Bitcoin Silver coins. It is a fork of Bitcoin so people means you/me/your friends/your father/your mother/everybody that own Bitcoin.
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October 24, 2017, 12:37:12 PM
 #13

It's funny. Good joke

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October 24, 2017, 12:42:07 PM
 #14

next will be BitcoinCopper, BitcoinBronze, BitcoinNickel, BitcoinDiamond...why not?

oh, did we forget BitcoinFork?
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October 24, 2017, 12:46:17 PM
 #15

all 200 metals names are coming for the new forks. be ready:)))
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October 24, 2017, 12:50:29 PM
 #16

Tomorrow Bitcoin Platinum or Bronze? Grin


This is nice suggestion we are entering into era of hard forks in coming days will hear this kind of projects. This is easy way to make get succeed any coin just by forking the main chain.






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October 24, 2017, 12:50:57 PM
 #17

Another bitcoin fork again. I think bitcoin silver is not good name like bitcoin gold. And when this fork train stops.

It's all about greed, especially when people see the opportunity to make money. What they fail to see is that in the long term, all these forks just create fear and doubt in the community and it serves to only hurt bitcoin and cryptocurrency in the long run. It will continue until the forks stop generating money and people stop selling off everything else to try and get this "free cash". Nothing in life is free, including these forks.

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October 24, 2017, 12:58:10 PM
 #18

Not quite understood. Equipment for mining bitcoin will be suitable for the production of silver bitcoin? What is its democratic nature? What does not triple existing bitcoin? Also decentralized, the same complex production? Or simply - is it a desire to create a coin?

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October 24, 2017, 12:59:06 PM
 #19

Omg, are you kidding??? It's this a joke?Huh?

Another fork?Huh

God saves the Queen!

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October 24, 2017, 12:59:25 PM
 #20

It seems Bitcoin fork is quite easy to be born nowadays . Today we can see one fork of bitcoin which is bitcoin gold (BTG) to be born with the price 380 usd at the moment and there will be one more the fork of bitcoin happening in November, 2017 (Segwit2x ). So why do they want to make more bitcoin forks? This fact will help bitcoin flying higher and faster . It also helps bitcoin to be used more popularly in the world . I will support this thread like this but Dev should have more detailed roadmap and plans for this project in the future. Thanks.


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