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Bitcoin Gold Off to Rocky Start ............After DDoS Attack

The latest Bitcoin fork, Bitcoin gold that came under massive DDos attack soon after it separation is live again.  The website attack is described as  'network hijack' as devices were accessing the Bitcoin Gold site 10 mln times a minute in order to block out legitimate traffic.  

Immediately after its split, a tweet was sent out that alerted the community that a massive DDoS attack had hid the site.  "Massive DDoS attack on our cloud site," stated a tweet from the Bitcoin Gold account. "10M requests per minute. We are working with the providers to ban all the IPs. We will be up soon!"

At 10 mln attacks a minute, it was a rather large hijacking, but still not the biggest. However, on the Bitcoin Gold Slack channel, it was announced that most of the attacks were emanating from China.

Hours later, Bitcoin Gold tweeted that the attack had been "handled" but that "it will take a bit more time" for the site to be operating normally.

One would have expected a smooth ride for bitcoin gold, giving the noble aim of handing power  back to the ordinary miner and enable anyone with a graphics processing unit to mine the new cryptocurrency, but the reverse is the case.

Bitcoin Gold’s emergence has been far too controversial and rocky.  For a supposedly elite coin from the bitcoin community, pundits has advanced the argument that it is more of an air-drop than a chain split and as such, it has a zero chance of replacing Bitcoin in the marketplace as a ‘fork,’ so its entrance has been less impressive.

Journey so far:

Although it is calling itself a fork, Bitcoin Gold really does not satisfy many of the presumed attributes of a forked currency, and its operation and application have been shaky already.

The team has given itself a soft deadline of Nov. 1 to "launch" the coin properly by releasing the code and allowing people to mine it. At this time people will also receive a mirror balance of their Bitcoin in Bitcoin Gold.

Bitcoin Gold futures were trading at $117.50 per coin on Bitfinex the day after the split.

FIRE:  I believe BTG will find its bearing in months, the misgivings not withstanding. Though BTC is on a massive price run at the moment, eyeing $400, yet BTG will take its place as an elite coin.

Friend, Jesus came looking for you. Give your heart to Him, Love the Lord with all your heart, strength and might.  Love your neighbour as yourself, hold no offence, no bitterness - the Lord is near you to help you!


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