Thanks Revv! Always keeping it real.

Thanks for the post. 
I actually have written a similar article, but from a different point of view: https://steemit.com/cryptocurrency/@bluephoenix/bitcoin-gold-and-how-to-deal-with-it-as-investors


Personally, i think BTG will live truly to Satoshi's wish - a decentralize currency where power is dedicated to the mass. But I agree with your point, many GPU farms will target BTG for short term gain after ETH moves to PoS. However, the number of POWERFUL GPU farms is far less than those ASIC, and normal people can join the mining business as well. Thus, the power will be more decentralized compare to those BTC and BCH and also LTC...etc.

The question now is what the "owner" of this BTG will do in the long term. I have checked their website and seems like nothing is solid over there (still pretty early to judge). Is this another "vapourware" coin that creates money out of thin-air? Honestly it is hard to say. If BTG has a good team, a solid roadmap and a clear mission, it will survive... otherwise, this will be another "sh!t show".

Btw, upvoted and followed :).

Great analysis @RevNissan. I have Resteemed the post!
https://media.giphy.com/media/Y04dDlDi9zeKI/giphy.gif

Tweeted

https://twitter.com/RandyHilarski/status/916780852679532546

Bitcoin cash reached price of 900 dollars then fell to 350 now.

I like the way you think?  Great job. It will definately be interesting to see what happens after the fork.

Is this the new trend with bitcoin? Smells fishy.

I've heard that Bittrex will accept it as well but this is unconfirmed.

But...did Satoshi  like premines? https://github.com/BTCGPU/BTCGPU/pull/2

I like that idea of starting at $1 and seeing if there is demand. Too many Hardforks will be bad for cryptos in my opinion. Very similar to fiat in creating money out of nothing.

Fellow CCT member here and new to Steemit. Love your work man. Always providing the goods

Good read. Your posts are nice. Followed. I'm new here. And I'm a dev and crypto trader. I'm planning to do posts like this one too. Would love to collaborate.
Cheers,
@amratesh

PS: check out my recent post, maybe you will learn something interesting too..

Thank you once again for sharing your insight and knowledge!  I have just recently gotten into crypto and am thirsty to learn all I can.  I follow you both here and on facebook and have found it very helpful and beneficial!

Thanks Revv, simple and clear explanation

Its really very informative post

Great read bro

Thanks for sharing @revnissan.
Upvoted and resteemed :-)

What about HUGE PREMINE in this fork?

Isn't Coinbase planning to support the Fork ? https://news.bitcoin.com/coinbase-reveals-2x-fork-plans/

Price should be zero.

I have been trying to find out about BTG and your article is one of the first that actually explained it well. 
Coinbase also says that they will support Bitcoin Gold.
A message that I got from Trezor stated:
"We are still evaluating coming Bitcoin forks.
After the last hard fork, we won't promise anything before knowing fully what we are dealing with.
Will announce our intentions in a timely manner."

I think masses will see this differently. They will see the Bitcoin price and think BTG will reach the same  price or even more. The name already "Bitcoin Gold" has  a psychological effect. I think its good to dump it and then buy back in . 

Regular Joe, who dont know much about cryptocurrency will buy in.

Thanks for the post :)

Thanks for the information.  Upvoted and resteemed.  Too bad all those views didn't get translate into upvote $.  This news is timely and wish I knew about what was going down sooner.  

"you cant just generate $$$ out of thin air, its unethical to say the least, and if thats what crypto has come to, then we might as well ditch it and keep the broken FIAT system we already have."

I agree.  It just doesn't add up.  I feel that if this trend continues throughout crypto - something is bound to break.  

Thanks!

Same with BCH how will we ever really know how many coins have been claimed and how many are in lost/dormant accounts?

@revNissan, As you told us in your FB live video, please post your 2k /10k packages for long term holds. Appreciate the effort man !

Congratulations @revnissan! You received a personal award!

<table><tr><td>https://steemitimages.com/70x70/https://steemitboard.com/@revnissan/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>

<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@revnissan) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=revnissan)_</sub>


###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!