[2017-12-04] Is Bitcoin Diamond a Better Bitcoin?

[bbc.reporter]

This is a good instance of an article that might be paid for by the team of the cryptocoin being advertised. We all know that all of the forks of bitcoin will either be done by scammers to find a way to make a quick buck, or it is politically motivated.

In any case, scamming by forking bitcoin is easier to do than organizing an ICO.



Whether or not Bitcoin Diamond is a better Bitcoin, depends on who you ask. In recent days, there have been hard forks that have led to the emergence of Bitcoin Cash, Bitcoin Gold and now Bitcoin Diamond. The idea behind a hard fork is that a new chain emerges, and hopefully a better one. The stated and ultimate aim of Bitcoin Diamond is to become “the better coin,” which does not suffer from a lack of privacy protection, slow transaction confirmations or a high threshold for new members. This will allow them to provide better solutions to financial companies worldwide.

The total supply of Bitcoin Diamond would be 210 mln or 10 times more than that of Bitcoin. 170 mln of these coins would be on the market, while the rest would be reserved for the community in a ‘rewards pool’ for the purposes of tributes and mining. One of the criticisms that has been made about Bitcoin Diamond was that the teams behind the cryptocurrency have remained anonymous, but we should not forget that to date the founder of Bitcoin has remained an enigma as well. Anonymity should not come in the way of adoption and at the end of the day markets will reveal if Bitcoin Diamond offers features that they think are worth their while. For now, you can pick the Bitcoin that you like.

Read if you are interested https://cointelegraph.com/news/is-bitcoin-diamond-a-better-bitcoin

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[Xynerise]

Bitcoin Diamond is yet another shitcoin fork of bitcoin.
It is worst than the rest as the supply was increased by 10 and it doesn't even have a blockchain yet!

[Spaffin]

The last coins, bitkoyn cash, bitkoyn gold and bitkoyn diamond, separated from the bitcoin, in my opinion, advertise the same improvements - increasing the level of confidentiality, reducing the time of the transaction and reducing the amount of commission fees for the transaction. There are also some differences between them. However, I do not like this uniformity, although improvements are very necessary. Will these coins, in particular, bitkoyn diamond better than the original bitkoyna, time will tell. While there was not enough time that they could show themselves and, accordingly, give them an assessment.

[J. Cooper]

This is a good instance of an article that might be paid for by the team of the cryptocoin being advertised. We all know that all of the forks of bitcoin will either be done by scammers to find a way to make a quick buck, or it is politically motivated.

In any case, scamming by forking bitcoin is easier to do than organizing an ICO.

I wouldn't be too surprised if this would turn out to be a paid telegraph by the bitcoin diamond team. Since cointelegraph has quite a big reach in the cryptocommunity I'm most certain that they get a lot of offers for paid articles.

Is bitcoin diamond better than bitcoin? No it isn't. It's just another altcoin trying to be bitcoin and stealing it's brand (that's the annoying thing about open source, in theory everyone could create their bitcoin fork. The public will realize this after dozens of forks). This one will surely fail in the long run and I'm sure all the forks that follow will suffer the same fate.

[darkangel11]

Bitcoin Diamond is yet another shitcoin fork of bitcoin.
It is worst than the rest as the supply was increased by 10 and it doesn't even have a blockchain yet!

I agree. Sooner or later people will start making those forked shitcoins to get people to share their BTC addresses. It will be either done by a trojan in the wallet, no replay protection, some backdoor allowing others to intercept the coins, or something else. I'm not an expert, but people will certainly start thinking about it when BTC reaches 25 or 20k USD and forked altcoins will start to become less popular and bring their devs less profit.

[Xavofat]

Suggesting that the new BTD nodes would be an "upgrade" denotes that they are somehow superior to Bitcoin nodes.

The idea that a development team which is anonymous and seems to have only come into existence of the last few months could be an "upgrade" to Bitcoin's stable groups with many full time members is absolutely ridiculous.

There's also the fact that this is an extremely dodgy fork, just like all the upcoming ones, and people should steer clear of it as much as possible.

Cointelegraph will become notorious for biased articles trying to feign neutrality if they keep this up.

[Xynerise]

Cointelegraph will become notorious for biased articles trying to feign neutrality if they keep this up.

Cointelegraph once put up an article shilling BitConnect.
For shame!

[Benezim]

Although there may be a bit money in each hard fork, I am increasingly getting tired of these. Don’t move your Bitcoins on fork day, does exchange x support the fork or not, the hassle for the exchanges. Still I Do Not think that we are seeing an end yet. I fear Cash, Gold, Diamond etc are just the beginning ~DUH