Bitcoin Platinum Created By South Korean Teenager As a Scam, Local Market Erupts

in #bitcoin • 7 years ago

According to JoongAng, South Korea’s largest mainstream media outlet, investors in the local cryptocurrency exchange market are outraged over Bitcoin Platinum, an alleged scam created by a South Korean teenager.

The Twitter handle @bitcoinplatinum, the official account of the Bitcoin Platinum project has advertised the project, as a hard fork of the Bitcoin Blockchain. Earlier this month, the creator of Bitcoin Platinum claimed that a group of miners, developers, investors and Bitcoin users will hard fork the Bitcoin protocol at block 498,577.

The story goes as follows. There have been multiple forks on the Bitcoin blockchain already at this point, including the notorious Bitcoin Cash, Bitcoin Gold, and Bitcoin Diamond. The new supposed fork, Bitcoin Platinum grabbed a lot of Korean investors’ attention, as it was allegedly the first major Bitcoin fork led by a Korean mining pool. On top of that, it was promised that big Korean exchanges like Bithumb were to support it.

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7 years ago in #bitcoin by
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