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BITCOIN GOLD ........Launched as Stand-alone altcoin not Affiliated with BITCOIN!

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The controversial bitcoin fork which failed to take place is indeed foreclosed.  But the developers of Bitcoin Gold went ahead to launch BTG as an altcoin, standing alone without any affiliation with Bitcoin core.

So, an ordinary Bitcoin Gold (BTG) was quietly launched to a cryptocurrency industry bewitched by the ongoing Bitcoin Cash debacle.

The second major fork of Bitcoin, which the community largely shunned due to its lack of technical robustness, is now mineable but prices have yet to demonstrate substantial support.

Prices had peaked Nov. 11 at just under $500 per coin ahead of the launch the following day, coinciding with Bitcoin Cash’s own all-time highs approaching $2,400.

That fork has also since rapidly declined, heading towards just $1,100 - in Bitcoin terms a loss of 70 percent.

BTG’s issuance was complicated by the emergence of a malicious scam, which used the Twitter handle @bitcoingolds as a basis to trick migrating users into handing over cryptocurrency. 

After its network snapshot last month, meanwhile, a major DDoS attack paralyzed its website.

“A massive attack was made in an apparent effort to disrupt the mainnet launch, but the Bitcoin Gold team managed to get the network up and running… albeit a little later than planned,” developers added in an official release post following the launch.

Fireinthebone would like to reiterate that Bitcoin Gold is an altcoin and not affiliated with the Bitcoin Core chain - the original version of Bitcoin. Purchasing Bitcoin Gold does not mean that you hold Bitcoin.


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