Bitcoin Gold Demystified (Fork Date, Exchange Support, Premine)
Bitcoin Gold (BTG) is a movement to fork bitcoin and create a new cryptocurrency. The new coin, BitcoinGold, will use GPUs for mining instead of specialized hardware know as ASICs. This can potentially allow Bitcoin to be more decentralized. In this video I talk about how to make sure you get Bitcoin Gold, Exchange support and the Premine. "premine" is where developers will exclusively min the first 8000 blocks, creating 100,000 Bitcoin Gold for themselves.
0:25 Bitcoin gold Concept
1:15 Bitcoin Fork and Date
1:39 How to get Bitcoin Gold
2:10 Exchange Support
3:25 Bitcoin Gold Premine
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The joke is on us. All for a 100$ Bitcoin Gold, all this market hype for a hundred bucks has to be described as insane in a book somewhere. I even noticed some crazzed fool selling almost 6000 steem for .84 cents. Desperation or what hahaha..?
this is a great post
Thanks for another interesting and informative vid. I'm tech-phobic and not very clued in with regard to why these forks are happening or what it all involves, so it's great to watch your vids and find out a few basics (i.e., stuff that I can understand).
One thing that's clear to almost any observer is that cryptos have survived and will continue to survive and thrive.
Along the way, apparently there will be dissent and disagreements and forks, and maybe even some cryptos will fail. I guess that's part of the nature of the decentralized beast.
Keep posting this great material. (After I joined Steemit about 2 months ago, I'd watched one of your YouTube vids, and bookmarked it. Just yesterday, I clicked the bookmark, and ended up rewatching the entire vid. This time, I found it more interesting and even more helpful.)
Cheers
I hope BTG fops. Just feels like such a scam to me.
@boxmining,
Hope you get more Steemit love with this:
https://steemit.com/cryptocurrency/@jaichai/devil-s-advocate-response-to-an-excellent-video-post-from-boxmining-bitcoin-gold-demystified
Namaste,
JaiChai
Thanks for another interesting and informative vid. I'm tech-phobic and not very clued in with regard to why these forks are happening or what it all involves, so it's great to watch your vids and find out a few basics (i.e., stuff that I can understand).
One thing that's clear to almost any observer is that cryptos have survived and will continue to survive and thrive.
Along the way, apparently there will be dissent and disagreements and forks, and maybe even some cryptos will fail. I guess that's part of the nature of the decentralized beast.
Keep posting this great material. (After I joined Steemit about 2 months ago, I'd watched one of your YouTube vids, and bookmarked it. Just yesterday, I clicked the bookmark, and ended up rewatching the entire vid. This time, I found it more interesting and even more helpful.)
Cheers
Thanks for such great info.!!!!
Boxmining is very informative on Cryptos . He has great information On China news when it comes to Crypto. Must watch this guy.
Thanks for the post. Was still thinking the fork would be in 2 days. Almost got caught out :o