> Bitcoin will soon have more forks than my cutlery draw. - @futuristgear According to an [article published on Coin Desk](https://www.coindesk.com/first-cash-now-gold-another-bitcoin-hard-fork-way/) today, another Bitcoin fork is set to be released next month (October 25th) called "[Bitcoin Gold](http://btcgpu.org/)". The article states that the Bitcoin Gold fork will be performed in a similar manner to that of Bitcoin Cash (BCH), but that the amount of people supporting this fork will be even smaller in size than were in support of BCH. So what could that mean? The article states that: > In remarks, BTC.Top founder Jiang Zhuoer and ViaBTC CEO Haipo Yang – two early champions of bitcoin cash – went so far as to downplay bitcoin gold as insignificant. That could very well be the case if it isn't widely supported, but the goal of Bitcoin Gold is said to be a fork that puts mining back in control of the people, making it more decentralized again - rather than being controlled by large mining farms - and that the Bitcoin Gold fork will also be ASIC resistant. But this quote in the article makes a great point: > "GPU mining can't prevent centralization. GPU [markets] are controlled by Nvidia and AMD," Zhao Dong, a cryptocurrency trader and investor, argued in response to the plan. He's not wrong there, we've already seen what happens when the demand for GPU's goes up. But could this mean a return of mining accessibility to the average person? I guess we'll have to wait and see. # Grab Some Bitcoin? As happened when Bitcoin Cash came out, the Bitcoin Gold fork will entitle Bitcoin holders to an equal amount of the new coin: > One thing is clear though about the funding: because of the nature of the split, every bitcoin user at the time will have an equal amount of bitcoin gold associated with their private key. So if you've got some Bitcoin, and control the private keys of course, you will be getting yourself some Bitcoin Gold on October 25th. There's just one question lingering in my head... # How Many More Forks? Surely there are only so many forks Bitcoin can withstand? The article also reminded of the upcoming November fork: > With bitcoin gold in the works and another hard fork slated for November. There are also more forks right? I seem to remember hearing about another potential fork called Bitcoin Unlimited, and that the BitShares team were also working on something? Maybe there are others I've forgotten about, or that I haven't heard of? But this raises an interesting question: # Is The Bitcoin Supply Really Limited? @penguinpablo rightly points out in [this post](https://steemit.com/bitcoin/@penguinpablo/bitcoin-is-nothing-like-the-dutch-tulip-mania-you-can-t-just-grow-as-many-as-you-want) today that Bitcoin isn't like Tulip Mania, because you can't create a ton of them. The supply is limited, and we're not dealing with a renewable here. But, if you can continually fork the Bitcoin network, creating multiple different types of coins; bitcoin, bitcoin cash, bitcoin gold, then is the supply *really* limited? I can't remember who made that comment (sorry!) but it stuck with me. I'd love to know what other people have to say on that subject, so please leave me a comment with your thoughts! (Especially if it was you who bought that excellent point up). The future may be uncertain, but it's sure interesting. Thanks for viewing! > [Link to the full article on Coin Desk](https://www.coindesk.com/first-cash-now-gold-another-bitcoin-hard-fork-way/) ![](https://steemitimages.com/DQmRxXjmkbj6DBAPkhxTsL7YG2tv3eNJ6YqepnS7dXgSwKa/image.png) > Image from [Pixabay](https://pixabay.com/en/bitcoin-crypto-currency-currency-2643159/)
post_id | 13,894,086 |
---|---|
author | futuristgear |
permlink | bitcoin-gold-is-coming-next-month-and-is-bitcoin-s-supply-really-limited |
category | bitcoin |
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There is a huge difference between a fork and banks or governments printing money . If a bank is printing money , everyone who is saving money does lose value because of inflation. At a fork it s different , as everyone who is saving Bitcoins will then also hold the forked coin , so the relation of his coins to the total supply stays the same.
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author | elbiasto |
permlink | re-futuristgear-bitcoin-gold-is-coming-next-month-and-is-bitcoin-s-supply-really-limited-20170927t130937994z |
category | bitcoin |
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futuristgear | 0 | 30,409,785,621 | 49% |
Great point @elbiasto! At the moment, the forked coins also have less infrastructure behind them too.
post_id | 13,895,269 |
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author | futuristgear |
permlink | re-elbiasto-re-futuristgear-bitcoin-gold-is-coming-next-month-and-is-bitcoin-s-supply-really-limited-20170927t132102228z |
category | bitcoin |
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yeah it will never be a simple fork and after that it s like we have 42 000 000 Bitcoin now , as they will not have the same value. I m even surprised that Bitcoin Cash is ranked at rank 3 at coinmarketcap .
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category | bitcoin |
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This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
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permlink | re-bitcoin-gold-is-coming-next-month-and-is-bitcoin-s-supply-really-limited-20170927t131429 |
category | bitcoin |
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<p>Congratulations! This post has been upvoted from the communal account, @minnowsupport, by FuturistGear from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the <a href="https://discord.gg/HYj4yvw">Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p>
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This is supercool! @futuristgear Thanks! Followed...
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