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RE: Bitcoin Gold Blockchain not live yet.. But Can be Traded!
Only 21 mil... Sorry, only 48 m... Okay, final bid, only 84 milli... Wot, even more?
So far 105 million Bitcoin will possibly ever created. Now what would Satoshi Nakamoto have thought about this Game of Clones?
Wonder where it says in the BTC whitepaper: "Thou shall forking clone the Bitcoin blockchain as much as possible..."
Ah well, Litecoin and Vertcoin starting to look better all the time. Soon they will be more scarse than Bitcoin. VTC with stealth, going places.
Next up B gone Bitcoin?
really 105 million btg's? i'll need to look into that
Sounds like hes talking about the additional forked btcs... but they are not the real true btc, they have other names and are traded well below the btc price so the coin limit still is in place as far as i know :)
You are right, glad you got it. ;-)
Indeed they are not real true BTC. And as they should drop into oblivion, as they took BTC coins already mined, by cloning that blockchain.
There can be only one... BTC, the real first Bitcoin blockchain.
It is all these forking clones, that add another 21 million Bitcoin. BTC will have 21, like Satoshi had in mind. The splitters add 21 million with every new forking clone, like BTG, BCH, BTU and B2X. In effect this will take value out off the first ever Bitcoin blockchain, BTC and move it to these forked blockchain clones.
It is ironic to read these people that make these forking clones call themselves Bitcoin purists... Sure, this was how Satoshi Nakamoto wanted it. Split the BTC blockchain up in 5 different kinds adding to a grand total of 105 million.
It is all these forking clones, that add another 21 million Bitcoin. BTC will have 21, like Satoshi had in mind. The splitters add 21 million with every new forking clone, like BTG, BCH, BTU and B2X. In effect this will take value out off the first ever Bitcoin blockchain, BTC and move it to these forked blockchain clones.
It is ironic to read these people that make these forking clones call themselves Bitcoin purists... Sure, this was how Satoshi Nakamoto wanted it. Split the BTC blockchain up in 5 different kinds adding to a grand total of 105 million.
The beauty of open source software is anyone can try to make a better version than the original. To say a 'one road approach' is the only method would be ridiculous at best. The way to innovation is attempting change and moving forward. Bitcoin Legacy has become very centralized which goes against the very core principles of Bitcoin itself. I see these new coins as stepping stones into the future.
If nothing else, they help us identify and fix the centralization which is occurring in legacy BTC. Segwit is the devil in sheep's clothing.
Where's the Wallet?
You want to upstage a major currency and you're dropping the ball in every court? Not good, not a good show at all...
GPU? How Utterly WASTEFUL!
GPU mining of BTC is massively wasteful, compared to Asics.
Free Open Source software is great. To that we thank Bitcoin, Linux and so much more. And I do not say only one road approach, my portfolio has almost as much value in Alts as Bitcoin, the real one: BTC.
That is not what my reply is about. But I have come across worse when I called the other wanna be
Bitcoins forking clones. New coins, like Vertcoin, although that one is not even that new anymore, add something to the Cryptos realm and I have invested in VTC too. Will be great to see it rock when Stealth gets added in again.
But, not in forking clones like BCH, they just cloned the first ever Bitcoin blockchain. While these clone makers claim they are being true to the whitepaper of Satoshi, oh sweet irony. Well, that could maybe even be true if they had the guts to start from zero. With a genessis block, thus creating a real unique blockchain.
Litecoin did it, Bitcoin Fast did it, Vertcoin did it and thousands more. That is what it is about. Now it is just getting value out of the original Bitcoin blockchain and using that to create a fake marketcap value.
That is why I find this all very ironic. No guts, no glory. Do they not like SegWit, make a real fork, like all the other Altcoins dared to do. And I have been used to getting retoric answers when it comes to forking clones discussions. In the end I just laugh about it all, take the value of yet another splitter by dumping them right away and buy me some Cryptos with guts. Like VTC.
EDIT...
And do I agree on the ASIC centralisation part. Which is basicly a Bitcoin issue. So let new Free Open Source cryptos come! Innovate, decentralize everything. All thumbs up for that.