BitcoinGOLD is the next Hard Fork of Bitcoin. Just like BitcoinCASH, or Segwit2X. Sometime before the s2x fork BTG will fork from BTC. This will create another AIRDROP like event, similar to the Bcash event. Events like this are creating crypto dividends. Meaning just by holding Bitcoin BTC you will receive FREE altcoins. With this FREE money, you can HODL or trade for more BTC to get even more dividends. It's like Bitcoin BTC is becoming an altcoin pinata.
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)https://twitter.com/lightningasic/status/902862779207507968
- lightningasic
After i heard Adam Meister talk about BTG on his show, I started digging into this BGOLD thing... Turns out their slack is where its at! I got all my source info from asking question in the slack channel. If you have any, please join and help me collect data.
SLACK - https://bitcoin-gold.slack.com/join/shared_invite/MjMyNDM5MTg3ODI2LTE1MDM4ODg5NjEtMmI1MGQwNTI5ZA
Some details:
Bitcoin Gold is the first real crypto-dividend coin. BTC holders will be able to claim BTG at 1:1 ratio using their BTC private keys.
Everyone should buy Bitcoin before the Bitcoin Gold fork day so can get their free BTG.
BTG is the first real Bitcoin dividend-coin because unlike Bcash and Segwit2X, BTG is friendly to Bitcoin. Something that is designed to attack Bitcoin should not be considered a dividend.
Bcash and S2X are hostile to Bitcoin because they try to steal the Bitcoin brand name by deceiving uninformed investors. BTG is friendly to Bitcoin because it clearly identifies itself as new cryptocurrency.
BTG has replay protection to help prevent merchants users from accidentally losing money. Hostile S2X refuses to implement replay protection.
Bcash and S2X are hostile to Bitcoin because they compete with it for SHA256 hash power. It’s a zero-sum game for BTC holders; Bcash/S2X security comes at the expense of BTC.
BTG is friendly to Bitcoin because it uses Equihash, a GPU-optimized PoW algorithm, for mining. It will be competing with ETH and ETC for hash power, not BTC. This will be very good for GPU miners, as they will have another profitable coin to mine. It will be very interesting to see how much hash power switches from ETH to BTG.
ETH plans to implement PoS in the not-too-distant future, so there will be a large amount of GPU hash power that will need somewhere else to go.
LightningAsic of China, CEO Jack Liao, is leading the development of BTG.
BTG already has private support from miners, exchanges, hardware wallet, and Bitcoin ATM company, and this will grow rapidly as BTG is released to the public. Everyone that supported Bcash will support BTG.
BTG fork date is not set yet, but it will be before Segwit2X, because we intend steal their thunder and make it irrelevant.
BTG understands that the open source Bitcoin Core development team is the best in the world, and no one else even comes close. While Bcash and S2X try to “fire” Core, BTG will make the fewest number of changes to Core code as possible, so that we can take full advantage of their work. (similar to Litecoin philosophy)
BTG has a 1MB base block size limit plus the same Segwit discount as Bitcoin. Effective block size is 2MB-4MB. The limit can be hard forked higher, but we will focus on Layer 2 scaling.
BTG will implement Lightning Network as soon as possible, to benefit from the BTC/LTC Lightning ecosystem and network effects.
BTG average block time is 10 minutes.
BTG total money supply is 21 million coins.
MAKE BITCOIN DECENTRALIZED AGAIN. Since GPUs are mass produced for graphics, deep learning, and many other non-crypto uses, GPU mining will always be more decentralized than SHA256 or any other ASIC-ready algorithm.
In the worst case scenario that SHA256 gets too centralized or broken in some way, BTG can serve as a backup system that retains all of the network effects and technical qualities of Bitcoin.
Jack Liao price prediction: 1BTG = 0.2 BTC
It's clear that buying and HODLING BTC Bitcoin is the way to go. Imagine, this is just the beginning. I see BGOLD as a friendly altcoin/ fork of bitcoin. Reason being it is a fall back bitcoin if this asic shit hits the fan and they end up breaking bitcoin. Either way its FREE. Just buy and Hodl BTC and you will win. MORE INFO COMING SOON.
This is making BTC Bitcoin grate again, by rewarding those who have strong hands and hodl BTC Bitcoin.
