When is Bitcoin forking off?
Hey guys,
Following on from my previous post about what the fork is: https://steemit.com/bitcoin/@banglasteve/when-will-bitcoin-give-it-a-rest-bitcoin-gold-what-s-next-bitcoin-silver
The countdown and details of the fork can be found here: http://btcgpu.org/
We are 1 week away. To ease some fear and panic concerns. The slight pullback in bitcoin was expected. These are usually consolidation periods. Any bull run needs a 'breather'. Identical to the scenario of a bull actually running and then taking a break. We should potentially see another rally in the lead up to the bitcoin gold (BTG) fork.
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I just wanted to go through this table. It appears to be skewed in the favour of BTG and makes it appear as a 'superior coin'. I personally disagree. While I endorse the fact that the replay protection is valuable and the fact that it is Segwit enabled is positive. I feel that it does no have the underlying value bitcoin has and never will because of the Equihash proof-of-work (another fancy word for mining) algorithm.
Bitcoin mining requires significant amounts of electricity and computer hardware to produce. The concept of BTG on the other hand is to decentralise mining and make it available for anyone. I feel it is the fact that bitcoin requires so much effort to mine that gives it value. At the end of the day the market will dictate the price and value of Bitcoin Gold and I just want everyone to have realisitic expectations. I do see value in BCH, however the adoption has been slow. As much as the transaction fees and scalabilityare a burden to users and the network bitcoin is the heart of cryptocurrency. All your wonderful alternate coins (coins other than bitcoin) are usually sold and bought via bitcoin.
Stay tested and vested guys. Thanks for reading and as per usual let me know if you want me to write about anything that you want to know more about.
FREE BITCOIN GENERATING FAUCET - https://freebitco.in/?r=5345367
I usually keep this on the side and have it generate some bitcoin on the side for me. It can reward handsomely if you land on the right digits - just link it to your wallet and once you have enough satoshis you can withdraw. They will be supporting the Bitcoin Gold fork.
DISCLAIMER: Please note I am not a financial advisor and none of this should be taken as financial advice as they are my opinions and always do your own research as you should only be investing with money you can afford to lose.
Cryptoshaf
So if I understand it correctly, we get some amount in bitcoin gold if we hold some Bitcoin. Do we have to download some wallet until a fixed date to get it because there must be a new wallet infrastructure or did I get this wrong?
If you own some bitcoins and you would like to get for every bitcoin a bitcoin gold for free then you need a privat wallet installed on your PC (like Electrum). Such private wallet can grant you the private keys which you need in order to generate bitcoin gold for every bitcoin.
Thanks!
Attention! It is very important not to send or withdraw bitcoins on the day where the hard fork starts. In this case it is the 25 October. Otherwise a person can lose his / her bitcoins.
A very interesting thing would be your opinion about this newly created cryptocurrency:
https://www.cointedtoken.com/
Resteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch