Re: [ANN] BitcoinGPU (BTCGPU) - forked spinoff, new PoW, adjusting size cap, segwit
From what I can tell its actually both a fork and a premine... 
However the details have since been removed from their site, originally they explained it.
Here is how I understand it. After the fork, everyone who holds BTC private keys gets their 1:1 BitcoinGPU (BTG). They are ALSO doing an ICO where they advance the blockchain manually (not sure how) 16,000 blocks, and keep the block rewards of 12.5 BTG/block = 200,000BTG.
They will be selling the ICO at 1:10 BTC:BTG.
Can anyone confirm or deny this?
Sounds like huge shit show to me. but you never know.
However the details have since been removed from their site, originally they explained it.
Here is how I understand it. After the fork, everyone who holds BTC private keys gets their 1:1 BitcoinGPU (BTG). They are ALSO doing an ICO where they advance the blockchain manually (not sure how) 16,000 blocks, and keep the block rewards of 12.5 BTG/block = 200,000BTG.
They will be selling the ICO at 1:10 BTC:BTG.
Can anyone confirm or deny this?
Sounds like huge shit show to me. but you never know.
I don't think that will happen there is only supposed to be 1 week from fork to launch so there may be a few premine blocks but not many