Bitcoin gold is a proposed hard fork on the Bitcoin network that will change the proof of work algorithm to equihash. The main advantage of this is to break the reliance of bitcoin on ASIC mining and switch to GPU based mining. When the fork happens, this will cause a chain split, and all bitcoin wallets that have bitcoin prior to the split have both bitcoin and bitcoin gold (not bitcoin cash)
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Thanks alot for the great information
How long until Bitcoin Silver comes out? :P
....or whatever they call the next hard fork.
LOL i know right?
Is incredible that we'll have yet another btc fork... btc cash starts to look interesting now... Anyway, this is the beauty of blockchain, every opinion has value and can make a change. Thanks for sharing.
something else to watch for sure, but too techy for me, I jut write stories, lol
Thanks. I deal with coinbase. Do you think that they are good? If i had bitcoin on the fork for bitcoin cash, do i have the same amount in bitcoin cash. like whats gonna happend with bitcoin gold.. i guess im asking will i have all 3 coin cash gold...
Coinbase is not likely to provide the bitcoin gold you are owed until they deem the "blockchain viable." Don't expect to have your bitcoin gold for at least several months after the hardfork with coinbase. For reference, they still have not provided anyones bitcoin cash if I'm not mistaken.
yeah u are right they havent provided any yet. i also use thier gdax platform and bittrex. i hope im on the right poath. thou. thx for the clarity. some of these posts are so deep.
Bitcoin Cash is the real Bitcoin that was forced to fork off since "Bitcoin" has been taken over by Central Bankers via DCG and Blockstream. The only reason the Bitcoin Cash fork survived is because it had WIDE support from the largest holders and earliest adopters to make it happen.
Bitcoin Gold is just some crap thrown together by Blockstream CEO Adam Back to muddy the waters and confuse people.
Bitcoin Cash worked because there were enough miners (the whole reason crypto works) who want to keep the original vision of Bitcoin going, as well as businesses, users/investors, and exchanges. There are no miners mining "Bitcoin Gold" and no real discussion anywhere about it because there is no interest.
The moment BtcGpu said they were implementing segwit, I lost hope.
What made you think that BtcGpu? was ever anything in the first place? There is zero support anywhere for it.
ok thanks. so keep all my bitcoin or move to a safe crypto?
Why not take the simpler option. Switch to Dash. Dash has ultra low fees and 1.3 second transactions +PrivateSend. Dash also has a self funded treasury eliminating the possibility of a hostile takeover by the bankers. Dash is already set for 400MB blocks and has a clear roadmap to bring cryptocurrency to the mainstream.
https://www.dash.org/evolution
https://www.dashforcenews.com/
The only selling point of BCH has over Dash is that BCH has the "Bitcoin" brand.
I have Dash too, but that's not what this is about. This is about the fact that the bankers have taken over the /bitcoin code repo, and have added segwit to make it a banker coin. Since early bitcoiners were able to preserve Bitcoin as 'Bitcoin Cash', now there is a paid troll campaign to poison the well with this "Bitcoin Gold" crap.
At this point, I prefer Bitcoin Cash because I don't necessarily trust the Masternode system, and I like that Bitcoin Cash has at least 4 development teams with more coming. I understand Dash's system of Masternodes voting on development, and I think it will be an interesting experiment to see how the two different systems play out.
Totally agree on the first part. For the second part I don't like the fact that BCH has no governance model. Also BCH isn't self funded. Nobody gets paid from the network to work on BCH. Also the nodes are not payed in BCH. The entire block size debate was settled in a very small period of time in Dash. BCH had to go through so much trouble to stay true to Satoshi.
https://www.dashforcenews.com/6-ways-dash-uses-economics-solve-technical-problems/
https://www.dashforcenews.com/bitcoin-cash-vs-dash-will-fulfill-satoshis-vision/
https://www.dashforcenews.com/bitcoin-disincentivizes-community-harmony/
I'm not sure a governance model is a good thing. Bitcoin Cash now has 4 different development teams, making it the most decentralized at the development level.
I like the MasterNode idea of Dash, but I have my doubts about it as well. Seems like you had to be in really early to become one and it was very quickly closed off to all but very rich.
You're more helpful than you realize.
Bitcoin Gold is just a poison-the-well tactic being used by Central Bank ran Blockstream.
The REAL Bitcoin had to fork off as 'Bitcoin Cash' since the Bitcoin Github has been taken over by THE Central Banks via DCG, AXA, & Blockstream.
Just curious, boxmining: Have you ever been initiated at a Masonic Lodge?
sunguh vidios very good friend, I wish you success always
Thanks for the great videos and content Michael! Education on cryptocurrencies will definitely help more of us adopt them and be able to recognize the pattern of markets and how they behave over time. Probably a good time to buy some bitcoins once it goes down in a few days.
Thanks for the explanation, i was wondering. 👍😎 be well brother.
So when is this happening? I cannot wait 5 minutes for an answer ha.
Bitcoin is already the gold of crypto.
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How do you mine Bitcoin Gold on a gpu? Any links or tutorials on how to set up a rig?