Is Bitcoin Gold a Scam? - Current status

Current status of Bitcoin Gold | BTG

After the first step of the forgery, a "snap-shot" of the Bitcoin blockchain as a basis for the creation of the replica, was made, according to the BTG group, there was a DDoS ("Distributed-Denial-of-Service") -Attack.

There were probably a plethora of requests made to the servers of BTG, which caused a failure of all services.

The project website was unavailable the whole Tuesday. The BTG Group does not provide any information on the current state of affairs.

Only on Twitter was reported that one is the target of a DDoS attack and receive 10 million requests per minute. Who is behind it is unclear.

As a result of the events, there is no price for Bitcoin Gold (BTG). Own blocks have not yet been created.

A usable wallet, block explorer or other tracking tools have not been released yet.

As in the run-up to the fork, the voices on the internet, which call BTG a fraud, are increasing. Various reasons for this we have already described in our article in the run-up to the Forks.

Whether the DDoS attack is really to blame for the chaos is at least doubtful. The fact is that there were already several problems in advance and practically no transparency was given to the project.

It might as well be possible that as a result of the mad speculations in front of the Hard Fork the website has no longer withstood the real user requests.

After all, many people have (probably) invested extra in Bitcoin to get Bitcoin Gold for free. Consequently, it would not be surprising if these many millions of people would like to know what the status of the project is and visit the website regularly.

On the other hand, it is likely that the bitcoin community disputes and controversial views on bitcoin gold have made the project a target for attacks.

We do not know the real reason and can only speculate about it. The fact is that there are significant problems and there is still virtually no transparency in Bitcoin Gold.

First platforms do not report support for Bitcoin Gold

The wallet service provider Jaxx and the online platform Coinbase have announced that they will not support Bitcoin Gold for security reasons.

Jaxx spoke relatively clearly and said that Bitcoin Gold has no working codebase and no replay protection.

In addition, the code could not have been tested for security so far. Thus, BTG can not be supported for security reasons.

Coinbase also stated that it does not see enough security and therefore will not offer Bitcoin Gold at the moment.

Stay with the old Bitcoin, because you know who is behind it and how it works.

---

Don't forget to upvote, resteem and follow me for more content.