Bitgold images of roses
Retrieved 29 November Archived PDF from the original on 5 October Retrieved 3 September Bitcoin Wallet for Apple". Archived from the original on 12 October Retrieved 17 November Archived from the original on 3 April Retrieved 2 April Archived from the original on 12 March Retrieved 13 March Your Keys, Your Bitcoin.
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However, Bitcoin Gold has received quite a bit of criticism for being hastily put together, and for pre-mining a certain amount of coins, which essentially mean free money or the project's owners. Many were likely hoping for a reprise of the Bitcoin Cash fork in August. We're using cookies to improve your experience. Click Here to find out more. Tech Like Follow Follow. Bitcoin has a new clone, again. Sebag, 30, and Crumb, 36, are now planning to open up physical branches in major cities around the world.
Of course, BitGold remains a tiny competitor in the online payments universe. It is unclear whether BitGold can become more than a niche player in this sector. Gold bugs always say gold is money, and BitGold evolved out of that concept by putting gold to work as a currency instead of something you store in a vault. Put simply, it is an online financial services platform that allows users to buy and store gold, and instantly pay for goods and services in gold.
Users can even get a prepaid BitGold MasterCard that allows them to buy everyday goods using gold. They can also redeem physical gold, which gets delivered in gram cubes.
BitGold collects a fee of one per cent on transactions. Naturally, gold bugs have embraced the concept. But the founders claim they only make up about a quarter of the user base.
Most users have never owned gold before and simply see the value of building savings and doing business on the platform, which works as a closed-end loop and allows them to bypass the traditional banking system.