Bitcoin Gold Bust but Bitcoin2X Ready to go!
As you probably have seen by now Bitcoin Gold was a bust (see my earlier posts below)! But Bitcoin2X is following a similar path of Bitcoin Cash, however even better, they have Coinbase behind them!
Bitcoin Segwit2x
The Bitcoin Segwit2x fork is projected to take place on November 16th and will temporarily result in two bitcoin blockchains for some period of time. GDAX will continue referring to the current bitcoin blockchain as Bitcoin (BTC) and the forked blockchain as Bitcoin2x (B2X).All GDAX customers will be able to trade both Bitcoin (BTC) and Bitcoin2x (B2X) within 4 hours after the fork.
Any customer with a Bitcoin (BTC) balance on GDAX at the time of the fork will be credited with an equal amount of the Bitcoin2X (B2X). No action is required – we will automatically credit your account.
For more information about Bitcoin2x please see our FAQ page and our blog post for a detailed timeline of events.
Bitcoin Gold
The Bitcoin Gold fork occurred on October 23rd. Information about this fork has been limited and there are concerns about its security and stability. As a result, we do not believe it is safe to allow support for Bitcoin Gold at this time. If the blockchain proves to be secure and valuable, GDAX may choose to support it.
You can read more about Bitcoin Gold at our FAQ page.
- GDAX Customer Email Oct 25, 2017
- @cheetah provided URL: https://blog.coinbase.com/timeline-and-support-bitcoin-segwit2x-and-bitcoin-gold-eda72525efd
Why does this matter?
Unlike Bitcoin Gold, which seems so far to be a complete inside job that has no real merit, this fork has been long planned and tested and both code bases are ready for deployment by all the major exchanges (see my arguments in previous posts below).
How do I get included?
If you are with coinbase or almost any exchange that is going to support this fork you will get both without doing anything. HOWEVER, the safest, and 100% sure way to get them is always to have your bitcoin in your OWN wallet, where you control the private keys!
Conclusion
While I have merits for both chains I am ready to see how this all plays out. I have made sure to control my private keys, as well as realize which forks matter and which probably do not. Maybe I am wrong on bitcoin gold and if so GREAT, that just means I got free coins I think are worthless currently!
You don't own Bitcoin for forks, you own Bitcoin because you believe in the ideals it created worldwide!
Read more
Previous Posts:
https://steemit.com/bitcoin/@bigdeej/more-reasons-bitcoin-gold-is-a-snooze
https://steemit.com/bitcoin/@bigdeej/bitcoin-gold-forked-but-where-is-the-prices-where-is-the-wallet
Bitcoin Gold
Official site: https://btcgpu.org/
GitHub: https://github.com/BTCGPU/BTCGPU
Bitcoin2X
Coinbase Bitcoin2X FAQ: https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://blog.coinbase.com/timeline-and-support-bitcoin-segwit2x-and-bitcoin-gold-eda72525efd
Yes I referenced it as a source @cheetah
Bitcoin2X
Coinbase Bitcoin2X FAQ: https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq
Sorry if I didn't make it clear enough, Let me know how to address that in the future! Love what you are doing btw!
BTC ideals die with ASIC born. Sadly but its the true.As long as Market economy driven by ASICs are on the stafe so long should be missundersrandings of "community driven decentralised" coin. At the moment BTC is nothing more than worthless gain method in serve of Chinese Corporations. I am sure that even mr Satoshi doesnt expect such a moment especialy when he blocked near 4 000000 coins.
Inforamtive post