On "Bitcoin Gold" and similar

[theymos]

Anyone can create a Bitcoin-derived altcoin like "Bitcoin Gold" (BTG) at any time with no cost. BTG is a scammy cash-grab with no ideology and no economic support, not something serious like Bcash was. That's not to say that it's impossible to make money by trading it, just like with other scamcoins, but I'm not going to get into the habit of writing announcements and guidance for every Bitcoin-derived scamcoin. If you want to do a dangerous replay-unprotected coin-split maneuver in order to claim tiny fractions of your BTC in airdrop value, that's on you.

I will write a guide later for B2X (split time in mid-November), which is more serious. After that, the bar is going to be awfully high to get me to announce similar things.

[Puff Pastry Hangman]

I'm new here so genuine question: is getting you to announce a fork a step towards making it a fork that people will talk about?

Curious about what the mechanisms are through which a fork becomes something that people care about. I'm guessing there have been plenty of "forks" that didn't garner much/any attention and quietly disappeared?

[BitHodler]

If you want to do a dangerous replay-unprotected coin-split maneuver in order to claim tiny fractions of your BTC in airdrop value, that's on you.

Maybe a good point to add is that if people want to proceed anyway, they should first send their Bitcoins to a completely new Bitcoin address, wait for at least one confirmation to come through, and then do what they want.

It's mind boggling how people are desperately looking to claim their BTG's, but completely discard the lack of replay protection. I guess the dumb people will only learn when they make a fatal mistake resulting in severe losses.

[clip123]

If you want to do a dangerous replay-unprotected coin-split maneuver in order to claim tiny fractions of your BTC in airdrop value, that's on you.

Maybe a good point to add is that if people want to proceed anyway, they should first send their Bitcoins to a completely new Bitcoin address, wait for at least one confirmation to come through, and then do what they want.

It's mind boggling how people are desperately looking to claim their BTG's, but completely discard the lack of replay protection. I guess the dumb people will only learn when they make a fatal mistake resulting in severe losses.

Yea and come here asking for help on how to recover bitcoin when they did nothing wrong. Ignorance is a bliss.

@theymos, can you please check your pm please

[anonyme69]

it looks like this news right

https://bitcointalk.org/index.php?topic=2320060.0

[Lauda]

Why is this in Meta?

[dYnamxX]

After BTG  new Altcoin Bitcoin silver  (all this altcoins just try to use bitcoin name)


https://bitcointalk.org/index.php?topic=2311582.0

[hasyurt]

bitcoin gold bitcoin silver does not matter. As a result, every new coin can not go to the place of copy quality. bitcoin always the top

[descarte]

bitcoin gold is a stupid idea and bitcoin [whatever] will be the same. It will not solve decentralization in mining. At the end of the day, centralization will still happen with a country with the cheapest electricity, manpower and coldest climate, ie currently China or any upcoming power. Thats the downside of POW irregardless you use ASICS, GPU or CPU. ASICS is just making it worst. It's as simple as that.

The way I see it, we haven't really made much progress after bitcoin and ethereum. Some coins are better while all the others are simply crap, cloning after cloning. Its all greed and power and cloning bitcoin is the greediest and least effort to become rich overnight. But this its causing a lot of harm to the crypo industry and reputation. All legitimate potential alt coins project couldn't take off because everyone is re-investing in bitcoin again waiting for new fork and getting free money. The crypto market is controlled by traders who again don't really care about the future and innovation. Driven by greed, they can lower the confidence of good coins overnight by affecting the price for a long time. sad. period.

Technological revolution comes with heavy responsibilities. Greedy people just destroy the ecosystem. I don't believe you can be totally free from central governance and we are now seeing the side effects of it.

[nndep3m]

Its funny here there have been a lot of scamcoins that have gained wide popularity and trading volume simply because they're based off a nice name of already famous coins (such as BTC/Eth) and nothing more. No whitepaper, no site, just a nice name and they get huge market capitalization. Its quite unbelievable really.

[Rosewater Foundation]

Why is this in Meta?

Because a sum of money is a leading character in this tale about people, just as a sum of honey might properly be a leading character in a tale about bees.

[MarcusMillstrom]

If you want to do a dangerous replay-unprotected coin-split maneuver in order to claim tiny fractions of your BTC in airdrop value, that's on you.

Maybe a good point to add is that if people want to proceed anyway, they should first send their Bitcoins to a completely new Bitcoin address, wait for at least one confirmation to come through, and then do what they want.

It's mind boggling how people are desperately looking to claim their BTG's, but completely discard the lack of replay protection. I guess the dumb people will only learn when they make a fatal mistake resulting in severe losses.

Yea and come here asking for help on how to recover bitcoin when they did nothing wrong. Ignorance is a bliss.

@theymos, can you please check your pm please

But meanwhile they expect miracles.
But we must also note that there are also people who still have to learn for them, it's really a flop.
We all have to learn at some point. We should all have learned at some point to.

[ansi]

I totally agree with what you just said, too bad crypto started to have the bad smell with these useless forks.

The forking within crypto currency tends to make more money for some bunch of people no matter how they claim it's for " the greater good ".

Forking BTC will never stop right now, BUT the good thing about it is that it will make the Original BTC more valuable next coming months & years.

Forking these days becoming a Kido games who have no real time to live their lives.