1 Level
6 Review
3 Karma
Review on Bitcoin Diamond by Bien Ca
The team behind Bitcoin Diamond wanted to encrypt more user information…
The team behind Bitcoin Diamond wanted to encrypt more user information. However, they have recently decided not to add more privacy features to BCD. They feel that governments will soon start passing laws that stop cryptocurrencies from hiding user data. In a statement published on Medium, the team noted Japan and Russia as examples of this trend.
Pros
- Hard forks on the Bitcoin network put holders of Bitcoin in a unique position. Whatever amount of Bitcoin they hold, they get the same amount of the new currency, free! The Bitcoin Diamond fork increased the total supply of the coin. For every one Bitcoin users held, they actually got ten BCD for free. Good deal, right?
Cons
- Deposits are blocked on Binance => it's easy to pump.
