A Bitcoin special. 23 year old Martin Kuvandzhiev is a developer for the new Bitcoin Gold hard fork coin.
We talk about the current drama including a huge DDOS attack that brought the https://btcgpu.org/ site down. Bitcoin Gold is currently trading futures at $145 (0.025 of 1 Bitcoin). This is a pre mine coin (,0.5% of total supply)but there's now replay protection, implemented since our recording. There's a bounty reward programme too. We also explore how a censorship resistant, decentralised, trustless store of value can help eliminate corruption when it comes to government expenditure.
Bitcoin Gold uses the Equihash PoW algorithm, which cannot be solved using ASICs that have been designed for Bitcoin. This ensures that Bitcoin Gold is not in competition with Bitcoin over limited resources. Instead, Bitcoin Gold will have an entirely different mining infrastructure, consisting of general purpose computer hardware (GPUs).
Bitcoin Gold is an interesting idea to improve the decentralisation of mining. If this concept is successful we may see this one day implemented in Bitcoin core. But more drama coming with the contentious 2Xfork which has the potential to cause confusion and yet more volatility.
https://btcgpu.org/wp-content/uploads/2017/10/BitcoinGold-Roadmap.pdf -- for Bitcoin Gold Road Map
https://soundcloud.com/lancelot-nelson/76-bitcoin-baby -- for more on Bitcoin.
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1BTC = $4,685.00 on date of release (26.10.18) What's this BTC thing? Listen to this BG Now episode: https://soundcloud.com/lancelot-nelson/63-i-am-bitcoin and go to www.bulgarianow.bg for more info.