TNW uses cookies to personalize content and ads to make our site easier for you to use. Still, despite all of this negative coverage, Bitcoin Gold has somehow managed not to lose much value; its price has decreased by less than seven percent over the course of the week, according to Coin Market Cap. The cryptocurrency community, however, is not taking the news lightly. Redditors have voiced their frustration that the slew of issues associated with Bitcoin Gold — and other recent hard forks from the original Bitcoin blockchain — could potentially have an unfavorable impact on the entire cryptocurrency market.
For context, Bitcoin Gold is one of the three wayward forks to spur out of the core Bitcoin blockchain in the past few months — the other two are the Bitcoin Cash and the newly-born Bitcoin Diamond.
It also promised to allow miners to choose their own size of blocks, with a default of 1MB the same block size as the core blockchain. But unlike Bitcoin Cash, which gradually managed to shake off some of the bad rep it received upon launch back in August, the approach of what is my bitcoin gold worth team behind Gold comes across as much less involved with the project and — more disturbingly — its community.
I consider BCH a legitimate contender for the bitcoin name. I do regret writing the tweet in what is my bitcoin gold worth way. My goal was to express happiness that the portion of the what is my bitcoin gold worth community that dislikes the mainline roadmap now what is my bitcoin gold worth a clear alternative to crystallize around, and that it is doing so well.
While, contrary to Bitcoin Diamond whose team remains anonymousBitcoin Gold has revealed some of the names behind the initiative, the company has struggled to keep an appropriate level of transparency with the users.
But here is the concerning part: Although Bitcoin Gold claimed its Github repository contained the full code while the project was still in its pre-mining phase, many have cast doubt over the authenticity of this claim. It is ironic to argue for more transparency when speaking about a project that was started by someone whose identity still remains an enigma, but keeping the lead developer anonymous is not a move that gives confidence to users.
Especially these days, when fraudulent ICOs and cryptocurrencies are running wild. For the sake of clarity, the goal of this piece is not at all to undermine Bitcoin Gold and the people behind it. This will put more responsibility on these individuals and hopefully keep them sharper, so they can catch these vulnerabilities before malicious agents have had a chance to exploit them.
And at a time when all eyes are on the cryptocurrency market, every time Bitcoin Gold suffers, the entire market suffers too. Published November 28, — November 28, — Mix November 28, —
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