Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Gold and Segwit2x upcoming forks
by
Red-Apple
on 26/10/2017, 13:34:47 UTC
Bitcoin Gold (BTG) (happening around 10/26) is aiming to have a coin that can be mined using GPU processing (AKA computer video cards usually for gaming) the intention is to make it easy for regular people to mine BTG and remove some power to mining companies in China using special and expensive equipment to mine (known as ASICs).

you forgot the premine part!
the bitcoin gold developer has plans to premine a large amount of bitcoin gold before releasing it and letting others mine it. i forgot how much it was but i believe it was thousands of BTG.
that alone puts this fork under the shitcoin categories. because coins that have a premine like this are only created by the developer to make money. they come along, live a little, get pumped then the dumps start and the price goes down to 1 satoshi per coin and eventually they disappear.

no, based on what I read in their slack, they are no longer planning about it, just wait for the distribution of Bitcoin Gold coins until our wallet is filled by itself with the same amount of coins in our Bitcoin wallet.


maybe you misunderstood what they meant, or maybe it was someone else talking about it. because last time i checked their code on github i saw an open merge request changing the software so it never had any premines, but the developer himself commented on it and said without premine we won't work on the project any more.