Review on Bitcoin Gold by monte odes
Bitcoin is the original they are the reason why blockchain has been launched…
Bitcoin is the original they are the reason why blockchain has been launched into the minds of so many in all facets of industry. Bitcoin's creator satoshi nakomoto is unkown. His name is just an alias and so it is the idea of bitcoin and what it represents that becomes the main thing. The idea of decentralization became more then just and idea when bitcoin was created. it gave people their power back and because of this many have flooded to the space in hopes of using this interest to propel their projects. Some of these projects more legitimate then other. Now bitcoin Gold being a fork of bitcoin is already dismissed because people assume they are just a scam as tone vays like to say. They are thought as a scam because they are assumed to be using the bitcoin name and ideas to pray on those less knowledgeable. Because when someone sees the word bitcoin it automatically adds legitimacy as seen by new investors, The truth is though, the creators of bitcoin gold forked bitcoin because they felt they could create what they thought bitcoin could be or should have been. Bitcoin Gold developers have never claimed their fork to be the “only true bitcoin”. Bitcoin Gold team has been continually repeating that decentralization is severely limited in the context of the classic Bitcoin due to the high concentration of the mining facilities on the farms for industrial mining.36 There is a scandal attacked to the team of bitcoin gold though. the scandal is that they have premined leading to people thinking of them in a less then upright way. There is also the fact that the code has never been release, which further adds to peoples fears of bitcoin gold being a very large money grab or scam. I personally think the developers are honest as can be expected and are truley trying to create their vision of what they want bitcoin to be, with gold that is heheheh.
Pros
- have the name bitcoin attached to them
Cons
- They are just another fork of bitcoin.
