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RE: 6 reasons why it is a bad idea to bet on Bitcoin Gold

in #bitcoin7 years ago

Love your posts @attalis and analysis... but
I am a bit confused, is Bitcoin Gold the name of the Segwit2x fork coming up or is that something different?

I also find the name Bitcoin Gold super confusing, at first I thought it was a gold backed cryptocurrency, which I was just reading about on @thehutchreport blog: https://steemit.com/gold/@thehutchreport/cryptocurrencies-goldmember-loves-gold-would-he-love-gold-backed-cryptocurrencies-will-you
... but then saw that Bitcoin Gold actually has nothing to do with gold or bullion backed cryptos. (That is a great report actually too worth the read - objective and thoughtful analysis, almost as good as @attalis :) ).

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No it is a separate one. the segwit one is in November. Indeed it has nothing to do with gold at all. It is merely a name they have given it. The currency shouldnt be that different from BTC apart from the fact that i think it will be worthless quite soon after the fork.