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RE: Bitcoin Gold in a Nutshell

in #bitcoin7 years ago (edited)

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.

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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.

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