Smart Cash: Why This Coin Could Be In The Top 10 Soon / Name Bazaar / Coinbase & GDAX- Bitcoin Forks

[Music] hello everyone and welcome back to cryptos news so good to have you guys here live we have people like Damian roughly Roni Dee ABS GaN scorpion Lopez who says first cacilie arrow of course thank you man for being here blunt news thanks for the patient guys guerilla rain Kevin we have quite a bit going on of course we’re finally getting that nice sloshing today of the altcoins we talked about yesterday well they seem to be going up and taking some of the market value from Bitcoin not that Bitcoin has suffered greatly at all so generally a pretty good day for the markets I’m happy to see that some coins that went down by a lot are coming back up and we’ll see how this continues this trend really exciting period Before we jump into the topic I want to cover today smart cash that I’ve out to to cover a little bit for you guys let’s go ahead and talk about some of the news real quick so ah the main thing that I want to cover is we’re hearing from coin Basin G Dax concerning the Bitcoin gold fork that happened yesterday and their opinion toward that so I got an email from both coinbase and G Dax / had you did perhaps you did as well where they said that they won’t be supporting the Bitcoin gold hard fork at all whatsoever due to security issues instability issues and that could change in the future based on the man from the community and if the coin survives and and if the market value for Bitcoin gold stays pretty good now we’re continuing to see the price for Bitcoin gold drop it started off around $400 and since we’re seeing it now around 200 something dollars so kind of dropping away support for that and I’ll continue to update you on what is going on we’re in regards to that situation itself let’s see what else here guys so yeah the main thing I wanted to cover as in this video is a smart cache so before we get into that also let me cover a little bit of name bazaar so name bazaar is a service that allows you to trade your aetherium domain service domains or buy one on an on an auction system just like eBay so if you’re not aware it’s pretty awesome that you have the ability to use something called the etherium name service to buy yourself a domain service on the etherium network just like you would on the regular internet so instead of buying a dot-com or net or a dog org they Nick Johnson and company built something called the etherium name service or ENS as most people call it which is decentralized name service that you guys can can buy a dot F address for whatever wallet address you have and link it to something so for example if you don’t want your donation address for your YouTube videos your blog posts to be 0 X 5 y 2 3 P or whatever it is a really long string addresses it could just be something as simple as Britney Abigail 13 dot F if your name is Britney Abigail so that has been around for a little while now and it works on the auction system where you can bid on a domain name and claim it within a certain period and you have to go in there and reveal it and it’s pretty exciting right to be able to eventually own your own domain and get ready for the internet and owning these domains on the etherium network before everybody else does right so people are buying Christmas F people are buying everything dot F guys shout out to you crypto to crypto DC and everybody else here in the chat thank you greetings to all of you but yeah so I think it’s really incredible that today we’re hearing about this name bizarre so basically on eBay so you guys can trade these domains that you might have purchased for yourself or pick one up now so you basically if you know how to use eBay is what they’re saying then you know how to use this service you can automatically watch different names so if you want any sort of domain that is like related to Christmas you can automatically get a notification on your phone that’s pretty neat you can bid on stuff see what the current auction is at sell stuff sell your own domains and it all works in decentralized format via smart contracts to transfer ownership of that domain so make sure you check out the the new name Bazaar service if you are interested now we’re gonna get into the juicy stuff that some guys have have how many of you have been asking me about which is smart cash so smart cash to jump right into it you know it’s one of those coins that is actually looking really really interesting to me and so I’m gonna present it to you thank you decentralized the shoutout to decentralize who’s always here in the shots in in the chats donating and he kind of filled me in a little bit about what smart cash is and so I want to pass that knowledge forward to you guys so let’s go ahead and take a quick look at what is going on here together so let’s see we’re looking at smart cash let me see if you guys can see this I believe you can so smart cash right now it’s currently at a forty three million dollar market cap so nothing too low but really not that high yet I think it’s one of those coins and I’ll get into why that could very well hit the top top ten at least the top fifty and as I currently rank 98 right now so not that much volume in the last 24 hours but it’s a really exciting coin for the community and let’s see why but first of all look at this chart right here I mean it’s showing a clear uptrend have this nice spike up here and it looks like it’s about to return to the average right here so might be a good point definitely not investment advice I just want to definitely say that but just looking at this line right now which I ran into right before making this video it looks like just from a trading perspective like an interesting coin to be holding for the near term so let’s go ahead and hit the website what is smart cash so this project was made basically a community project they don’t even have a white paper to be honest which kind of deterred me at first I kept looking for it but I realized it was just it’s really a community coin and so the even the thought of writing a white paper to them was just like you know it was too corporate in a way for them and they’re really trying to stay grassroots so this is a kind of zero coin fork so uses zero coin protocol which is one of the most private encryption methods for crypto currencies that currently exists using these elliptical curves and zero knowledge proof that ucz cash doing you see zen cash doing ucz classic doing and really it takes that privacy and it also layers on some of the awesome benefits you see with something like – so the ability for the community to fund different proposals and to allow people to get paid in smart cash just for doing something really awesome to the community and get rewarded right out of the blockchain or one of the most exciting things which is something called smart rewards which allows you to basically keep 1,000 smart cash in your wallet and get rewarded in like a dividend or an airdrop every single month just for not moving 1,000 smart cash from your address and you get rewarded for it out of a little bit of out of the block reward that comes out of there Soper looks pretty exciting and it also has a proof-of-work algorithm that is resistant to ASIC mining chips this kick sack key can you pronounce it K ECC ACK I believe it is and it’s an algorithm that they have not made yet the ASIC chips for but you know they could be available at some point let me make sure we’re all still good in the future so not ruling that out before right now it should be good if you have a graphics cards and you want to mine it however it’s really about the community as I mentioned before so they’re giving something like you see here the block reward split the miners only get 5% of the block reward so they’re very small part of the equation but they are still part of the equation so I think you do need some sort of economic and sensitive incentive to people who are validating transactions so that is extremely interesting only 5% of the miners however they’re giving 80% to the teams and to the community so pretty much most of the money goes toward funding the teams that are developing the project to the to outreach in the community and to different projects so it’s a proposal so you guys could say yeah like we said it with – I am going to be climbing the Empire State Building while wearing a smart cash t-shirt well you guys shoot me five grand in smart cash out of the next proposal and if it gets approved then you get that smart cash as long as this hopefully you continue you actually do what you say you’re gonna do and what’s interesting is that if you’re holding once more cash that counts as one vote so you don’t need to be running like with what like two is the case with something like – 1000 – which is very very expensive these days in order to get one vote you can get a vote by holding one smart cash so that’s really exciting there in order to open that up for people and also you’re looking at this decentralized governance structure using these HSTs as high governance structures whereby if teams get to about 8 members they can expand and then hire more people and so you have not just one corporate top-down structure but really kind of like a hive where you have the community in charge of everything it’s really everyone instead of just one party in the center which i really like these hive structuring teams also you have this smart voting we just covered and the smart rewards which are paid out on the 25th of every single month automatically basically if you hold 1,000 smart cash in a wallet and you do not move it let’s say you put it in on the 24th of the month you won’t get it on the next day you won’t get on the 25th you’ll have to wait at least a month before that payout so what they do is they take a snapshot and they see which wallets have 1,000 smart cash on the 25th and one month from then they go ahead and they give them a reward which is equivalent of 15% of the block rewards a pretty significant there and actually more than mining so it’s it’s almost like a proof of stake where by locking something up and and decreasing the supply available out there you’re actually giving value to the market of smart cash while also getting a dividend reward for not moving it so that’s pretty exciting as well and so if let’s say on the 24th you were to put 1,000 smart cash into your wallet you would get it in about 31 days your smart cash as reward however if you put it on the 26 so the day after the snapshot which happens on the 25th then you would have to wait about two months or 60 days about before you would get that reward so we’re seeing that today is a 24th there might be an interesting time actually I just noticed the day to begin to get into smart cash since you’ll get their order in about a month and this is also spectacular here this renew feature which is already live and what it does is something I haven’t heard of done before I don’t know about you guys let me know which is that they take if you want to basically make your coin super private and hidden and you don’t want any transaction history because it automatically does have transaction history if you’re using smart cash you can look at the block and you can see where coins are moving and that’s great for what they’re trying to do which is mainstream merchants adoption so you can use this smart cash platform for micro payments for small tiny payments that are fractions of something for perhaps watching something for a second you could charge for that using the system or if a merchant wants instant payments like you can see down here it’s gonna be instant it’s gonna be blazing fast is what they’re trying to do I don’t believe it’s live just yet but they’re trying to make it instant point of sales you don’t want to have to wait 10 15 minutes for confirmation when at a gas station or at a supermarket paying for something you want it to be right away so they’re saying this is actually gonna be faster than Visa or MasterCard or any of these payment processors that currently exist but this renew feature is wonderful because what it does is you’d say I want to delete my transaction history on these coins it’ll basically take your coins send them to an anonymous address and then create new coins for you in that moment with no transaction history and therefore you get to keep the privacy of your finances in some more cash so that’s also rewarding to have and they’re saying you know it disables tracking from services like coin firm which we know like to actually look even at private supposedly private blockchains and analyze what they’re doing and they can track individuals like that so if you are interested in privacy this is also a wonderful coin for that instant pay as we talked about this is the road map that they’re looking at right now and you see that they already have renew the small rewards are live already they did I believe the first payout last month web wallet over here so you can already access the wallet I believe the West website is wallet dot smart cash dot CC you can create your wallet out there you can get to voting and they’re gonna be working on mobile wallets Nexo on your phone that’s gonna be great instant pay after that smart notes I’m interested to see what that is adaptive blocks and then merchants tools so that’s like the big mainstream area up here but I do feel like this is a coin that you have the but you have the ability to get in on the ground floor as I said this chart looks pretty good there is quite a supply left to come in but the fact that you can lock them up for a long time is great especially if for example you have it’s only six cents for a token right now you want to get a thousand of them and then just get a nice reward over time and even not even think about it maybe you’re invested in a bunch of different coins and you just want to see which one’s gonna go up at least you’re gonna get a bunch of extra coins just for holding this one and I think that’s positive also it’s wonderful to see that they help the community to grow by literally funding proposals which I’ve talked about when I was at the – conference is one of the most exciting things in blockchain right now that is happening which is the blockchain itself is paying out to grow its own network so it’s basically giving away stuff for free and I like to see projects that give and therefore get because it’s all about community and this is one of those coins that I’m seeing from the community has a good vibe about it has that growth potential and has great governance with excellent features built into it right away aiming for the mainstream so I can’t see based on their current track record why they couldn’t be much higher and they’ve already done a lot of stuff and I’m curious to know what you guys think what do you guys think about smart cash let me know in the comments below let’s go ahead and take a quick look at the chat and maybe there’s something I missed there maybe you’re a fan maybe you’re not such a fan let’s see why okay yeah Jackie frontier crypto doesn’t do sponsored videos anymore I do not do sponsored videos and I was not paid for this and they’re actually speaking of sponsored actually there is something whereby if you were to make a piece of content a blog post longer than or a video longer than 30 seconds then you can actually I believe they’re having a bounty right now or you up to them you put a link to it and you can get a reward of between I believe 50 smart cash and 1000 smart cash so not bad right there you can get your own wallet just for writing something on steamin or whatever it is about some more cash so that’s an easy way to get some free cash right now but yeah I mean maybe I will put a link to this video to them and say hey loads of small cash can I please get some small cash I would like some small cash but I have not been paid to do this video at all okay so crypto Haven says what do you think is the best coin for big cash generally if you want to I mean that’s a good question I can’t never promise investment advice I have no idea right now I’ve looked at a few coins so if somebody actually the guy that created the software which I used to mine a theory on before or Z cash when I used to mine Z cash in Z classic his name is FX minor FX minor on Twitter yesterday said have you taken a look at bitcoins EBT z or BTC Z and I looked into it and I realized remaining something like 2,500 coins every 2.5 minutes of their blocks something crazy and I thought this inflation is huge I mean you’re seeing what I think I did the numbers it was something like 300,000 a day being created and I said you know this is a scam I mean clearly it’s for the miners so even though has a low market cap it’s not a good coin but generally what you want to do is find a good coin that has a lower market cap you know not in the hundreds of millions not in the billions preferably under you know 50 million if you can find a good coin with a good team then you’re gonna be I I think doing really really well but I think smart cash itself due to this video has a lot of potential to be honest I’m not just saying that but looking at it I I literally looked at a bunch of white papers yesterday and I read and looked up information on a bunch of teams and this was the only one that to me was like oh let me go ahead and share this because this looks like an interesting project and I would like to share with people even if it has a little bit higher of a market cap you might not get as big of a return as you would betting on the real biggest coin in the lower market cap but this one looks really really interesting and they’ve already done the work and they continue to do so Zen cash also I really like thank you David oh yeah thanks for the shirt comment yeah Alberto trust the ledger resist this is from crypto King clothing he shot me some free shirt so you can get a link in the description below if you’re interested in picking up some of his awesome awesome shirts and please tell jay I say hi if it gives you like a note section down there oh yeah cuz he’s been a supporter of this channel forever and he always sends me shirts just to wear so I appreciate that half my closet is like – shirts and crypto King clothing shirts now where is Wallace at somebody wants Wallace uh yeah would you mind be gold I would not mind be gold I’d rather mine smart cash right now or Zen Cash that’s probably what I’ll be doing okay guys so I’m going then cash is the yeah everybody wants the balls in cash I love Zen cash I’m telling you I was mining Zen cash at day one I was telling people about Zen cash which was a fork of Z classic which was a fork of Z cash I was mining Z cash day one then I saw Z classic had less than a million dollar market cap I said guys this going in this coin is probably gonna go insane you might want to look at it and sure enough it shot insane and then it forked into Z into Zen and now Zen cash has just an amazing community Jain Olympic Lippincott Rolfe robbed some really cool people and they’re trying to keep it grassroots again just like we’re seeing with smart cash it’s all about the community so about the vibes and you can also make proposals to them and get yourself funded if you’re interested with Zen Cash I don’t get funded by them specifically but I like the project I like the team and I continue to follow it it’s a coin I definitely like Dennis Turk smart cash has a value of five billion go Neil yeah a max value of five billion but that’s over time and that’s also gonna be locked up but yeah definitely something to consider which is does have a lot of inflation coming out again Sean Sean I didn’t get paid by some more cash for this advertisement I just wanted to share with you guys looks so different everything looks dark-themed engaged with the Alienware laptop haha yeah we put a nice warm light from behind to be the backlight so that’s why things look a little bit different let me know what you guys think about the lighting as well I’m gonna wrap this video up guys because I’m doing up another video right now I’m getting ready for you which is finally the introduction to cryptocurrency video which is gonna cover a lot of the basics basically my girlfriend Elle and I talked about cryptocurrency and some of the basics and asked questions and answered and gave tips about the best exchanges and a lot of opera I’m you know basic opportunities and questions people tend to have and we did a video buddy at the YouTube space Los Angeles which is the first ever a cryptocurrency video shot in official YouTube location so that’s really really exciting we use their nice high-end equipment and we’re excited to share that with you it’s gonna be up in about 36 minutes please give that a like please share that video to everybody who’s interested in getting started or if you’d like to check it out maybe there’s something you haven’t heard before but you’d appreciate it so please get the word out subscribe if you haven’t below and we’ll continue to give you guys the best opportunities possible so you can position selves well you want to be guys will be at ethereal summit and on Friday so we’ll be driving tomorrow might not have time to make a video but much love to each and every one of you we broke fifty six thousand subscribers and I think it’s because we keep giving we keep giving honest crypto knowledge that’s what this channel is about no money from icos just honest information as we move toward this better future so resist and much love peace guys [Music]

Bitcoin Gold Hard Fork – What You Need To Know!

[Music] what’s going on guys why ogv here and today we’re going to be talking about the next Bitcoin hard fork Bitcoin gold that is coming on the 25th of October and what you guys need to know what you guys are currently looking at if you guys aren’t aware what you probably are this was the last Bitcoin hard fork that occurred on August 1st that we all experienced Bitcoin cash next up is going to be Bitcoin gold and what people are or what at least I’m seeing is gonna happen from all this is over time we’re just going to keep getting more and more variations and forks Bitcoin I saw an image maybe a month or two back and it basically had stuff such as Bitcoin than Bitcoin cash Bitcoin gold Bitcoin dollars Bitcoin this Bitcoin that there’s going to be so many different versions of Bitcoin which I can definitely see happen at this point with all these hard Forks this is going to lead to other cryptocurrencies going and having their own hard Forks done as well with this following it’s going to seem at least in my mind that every time is a hard fork unless there is a lot of backing behind it from the start the net ones that keep coming the hard Forks that keep coming are going to get less and less support Bitcoin gold from my knowledge doesn’t have nearly the amount of support that Bitcoin cached it obviously it doesn’t have the amount of support that Bitcoin itself does and I think it’s going to open up at a lower price point we’re gonna see the same thing to happen with Bitcoin cash it will get released somewhat at a low point it’ll get released people start selling it just to get that immediate profits get more Bitcoin as you get Bitcoin gold for free basically 1 to 1 depending on the amount of Bitcoin that you’re holding people gonna sell it off then it’s gonna have its random skyrocket such as that Bitcoin cash I wear once around 800 900 then dumped basically the next day after that and then we’re gonna see it eventually study out a certain price we’ve been seeing Bitcoin cash staying around the 400 to 500 dollar mark pretty much that’s where it’s been sticking around we can even look at the chart down here it’s been remaining relatively steady over the past few months we saw it early in the like $600 range it’s been going down a bit but it’s been remained steady at least for this line for the most part now today we’re going to be talking about Bitcoin gold and some things that you guys need to know about it and just some basic information on Bitcoin gold and the Bitcoin hard fork Bitcoin gold aims to follow a similar launch plan as Bitcoin cash so as I said before this is going to be by the way of a hard fork and the idea of the Bitcoin gold project is to release an improved protocol similar to what Bitcoin cash is going to do in their mind they think they are released an improved protocol to make Bitcoin better and to follow the initial vision that Satoshi Nakamoto had so led by Jack Lyle hopefully I’m pronouncing that correctly who is the CEO of Hong Kong mining firm lightning ASIC Bitcoin gold is slated to launch on October 25th and it’s cryptocurrency is going to be opened and to be able to be traded on exchanges on November 1st so Bitcoin gold is going to implement a proof-of-work change from bitcoins sha-256 to equal hash a memory hard algorithm that is ASIC resistant and optimized for GPU mining so this way you’re going to be able to mine Bitcoin with your graphics card instead of using the sha-256 algorithm and having miners you’re going to be able to use it straight on by using GPU mining Bitcoin goals Lee developer h4x has said that the project is still evolving and details such as exact Bach I of the hard fork is still up for discussion Bitcoin gold has been a little disorganized in my opinion at least when comparing it to other cryptocurrency teams out there and Bitcoin cash we’re getting closer to the release of Bitcoin gold and there’s still a lot of stuff that they haven’t figured out and some flaws that they have to deal with which I’m going to get into near the end of this video but Bitcoin gold is going to implement the user activate hard fork proposal and this is going to be to accept as I explained before the GPU mining miners can choose the size of the blocks that they want to mine with default being one megabyte and it’s going to include replay and wipe out protection now the original website it said that bitcoin gold was planning to offer an initial coin offering ICO and this was going to have 1% of Bitcoin gold coins would go to the developer team but these details have been removed from the Bitcoin gold site which I’ll throw the link down to the site in the description below so obviously that is not going to be happening and that’s another thing that calls just a little bit of confusion in my mind as I thought mostly it should just be distributed to everyone who’s holding Bitcoin so if you want your free Bitcoin gold just by up on your Bitcoin before the October 25th date so the one thing is clear though about the Bitcoin gold funding and because of the nature of the split as I said before every Bitcoin user at the time is going to have an equal amount of Bitcoin gold associated with their private key a lot of people bought up Bitcoin cash one epoch on cash a lot of people bought a Bitcoin once they really realized what is there to be worried about I can just be getting free money basically if you guys don’t recall the period before the first hard fork to Bitcoin was causing a lot of confusion and a lot of pandemonium people were selling off the Bitcoin nervous about bitcoins future and a few days prior to when I thought the prices go up we saw a Bitcoin just skyrocket back up in price and the reason for this was because people wanted their free Bitcoin cash they wanted to buy 2/3 for Bitcoin and to be able to get for Bitcoin cash and if you look at it now first of all the price of Bitcoin is up from where it was at that time second of all if you would have for Bitcoin then you got you for free Bitcoin cash you’re basically getting four hundred and twenty-two dollars times four for free so what is that guys this is round two four hundred that’ll be $1,600 for free basically just for holding Bitcoin and buying it before the activated hard fork so the Bitcoin gold protocol if you guys aren’t aware is available on github for review and they have multiple social media accounts such as Twitter Facebook and a slack channel currently they have over 250 members in the slack Channel and the people who visit there obviously are excited about the fork they go there to ask questions and to get help and to get information that they may not have known about the for before and just simply learn more about the project now a lot of people surprisingly have been viewing this somewhat as a joke or I guess you could say trolling and one of the things is that the project as I said before has just been extremely unorganized for a horde fork that is coming up very soon the end of the less than a month away is when we’re going to experience it’s hard for there’s just a lot of details that haven’t been ironed out yet there’s a lot of information that is not known about Bitcoin gold that I haven’t even found stuff that I would just like to know stuff such as like the definite block size and things of that nature a lot still has yet to be seen what is going to be the details of Bitcoin gold so a lot of people a little weary of it so here are the flaws I was talking about before so one of them is that the team currently does not have a testament of the network created so miners who would be using GPU mining would be using Bitcoin gold and the Eco hash algorithm can’t even test it yet also unlike the Bitcoin cash network the Bitcoin gold project still implements the same per block difficulty adjustment as Bitcoin does in its code and currently also has no signs of emergency difficulty adjustment that has been one of the problems with Bitcoin and its problems with scaling and it’s block size and transactions costing way too much with Bitcoin gold obviously they are essentially keeping the same per block difficulty adjustment and that’s going to be another problem as what is it it’s not changed anything about that aspect they’re going for other changes but it’s one of the things that I think they should be changing and they are not going after in this project whatsoever there’s also another hard work that’s going to be coming in November and right now Bitcoin gold is simply under the radar not too many people are caring about it there’s a lot of people that actually don’t even know about it and it’s going to be interesting to see what price it opens up at and exactly who is going to be buying and who’s gonna be buying up Bitcoin to get some free Bitcoin gold I know I’ll take my free Bitcoin gold and I’m gonna hold it for a while unless it goes up and had one of those great bull runs like Bitcoin cash had that it hasn’t reached since if it opens up at a really low price let’s say one hundred two hundred dollars whatever opens up at I’m not going to be selling it there but if it opens up maybe around a three to four hundred level mark and it skyrockets up also most of it there and buy back when it comes down cheaper but let’s see what kind of support it gets it might not even get that high the support I think is going to be far there’s gonna be a lot far less support for a Bitcoin gold than there was for Bitcoin cash so I don’t think we’re gonna see the price even at this 422 dollar mark that we are seeing for a Bitcoin cash here if you guys enjoyed the video and it gave you even a little bit more information on Bitcoin gold and the hard for coming up on October 25th please leave a like and a comment down below and make sure to subscribe thank you guys so much for watching check me out on Steam a Facebook and Twitter thank you guys so much for watching and I’ll see you all next video

What Is Bitcoin Gold? The Upcoming Hard Fork – 088

hello everybody welcome back for another video hope you’re all doing well and having a great day well it’s about that time for those who don’t know at the moment which should be just about everyone we have Bitcoin Bitcoin cash if you go to coin market cap and scroll down a bit around to number 49 there’s actually something called Bitcoin dark which is surprisingly resting around 97 dollars a coin and it looks like if the next hard fork works out for group of developers we could have wait for it Bitcoin gold probably the swankiest name of all the bitcoins yet as you know I assume they’re only gonna get less interesting after Bitcoin gold so this entire dish ative is being led by someone named Jack liao Li a Oh who is the head he’s the head and the CEO of a cryptic mining company in Hong Kong known as lightning ASIC ASI see it appears as of now Bitcoin gold will launch October 25th the same as I think that we saw with um Bitcoin cash it launched about five or six days earlier I was trading in like the futures market if you will and then it eventually became live and the same exact thing that will happen with Bitcoin gold it will launch on October 25th and then will be put on two exchanges around the world on November first or rather exchanges that accepted or once actually deal in it but it looks like at this point it should be everyone as I go along so that comes out – now for bitcoins that will have by the beginning of November this is is it’s kind of ridiculous at this point this will without a doubt caused another major rip in the cryptocurrency community we’ve gone to we’ve had one Bitcoin in January and now we have four over the course of just one year and like this one similar to Bitcoin cash or why Bitcoin cash came into play there are a lot of people who believe that they in particular know exactly what’s best for Bitcoin the Bitcoin project a Bitcoin future and everything that should that it entails every single thing about it and this is the reason why we have these Forks happen all the time Forks are just updates on the network but there are people who believe that during these Forks they can take advantage they can make their own coins we they know what should be done on the network and what kind of upgrades should be implemented for a Bitcoin so that it has a brighter future I can without a doubt tell you by 2020 we’re gonna have between 8 to 10 different Bitcoin out there I don’t know how I know that’s not gonna be good for the market like I mean we’ve already seen Bitcoin cash hasn’t really it’s caught on you know people are definitely trading it but Bitcoin still has the higher numbers because a lot of people are seeing Bitcoin cash is more of a clone so I assume the the price of Bitcoin gold will only be a bit lower unless they come out with some crazy upgrades that we couldn’t have ever imagined in our entire life but continuing on so the goal of this group of people who are creating Bitcoin gold they want to they say to completely decentralized Bitcoin again this is an argument that we’ve seen time and time and time again the original Bitcoin in some way shape or form of another is actually controlled by miners whether you want to believe that or not the people who create the coins are the miners the people who verify the transactions or a large bulk of their transactions are the people who have the computing power to do all these things also create the coins there are also constant clashes between them and the Bitcoin developers on an almost daily basis if you read around they’re just constant problems between miners and the people who are behind the Bitcoin project but the Bitcoin gold people wants to stop all of this they want bitcoin gold to have more miners than there are already in the traditional Bitcoin they say that this is a problem because it is decentralized it is centralized in this way that we literally don’t have control over it which it was supposed to be something that everyone would have in their pocket that everyone could use that everyone could you know have a slice of the pie but there are literally tons of people out there who have gigantic factories that it is filled with thousands of computers and they are controlling the entire thing so they want to stop all of this and they plan on doing so and I quote they say Bitcoin gold will implement a proof-of-work change from bitcoins sha-256 which is what they have to something called eco has equ ih a sh which is a memory memory hard algorithm that is ASIC resistant and optimized for GPU mining and quote this comes from one of the developers on the project known as the sorrow that is f o RR o w as in the word sorrow even more continuing if you will this coin is again created by or from or in China by people inside of China you know the reason the markets are constantly being thrown around at the moment even with that aside complete details of the exact block that this will happen on are apparently still up for discussion one of the head developers for Bitcoin gold has says that the project is still evolving they really don’t have that much time left for it to evolve we have about a month left so they better better give it a rare candy or something like that and that the finalization is for the project are still up for discussion it appears however at this time that Bitcoin holders will also be receiving Bitcoin gold in the same way that they received Bitcoin cash which is great if you have a large amount of Bitcoin just a quick side note I know rather I don’t know but I know that there are people out there who do have a large amount of Bitcoin and if for any of the listeners out there who are holding more than one hundred Bitcoin or even ten Bitcoin right now I can only assume that you are ecstatic over this news because you’re constantly receiving free money over and over and over it’s it’s going to be very very interesting to see all these Forks keep happening from the Bitcoin network so if these if they continuously keep forking whenever they want to or whenever they find the opportunity to and keep creating all these free coins Bitcoin holders will literally just continuously keep getting free money as the years go on absolutely incredible it it feels like to me at least that the end goal for the developers is just money because if you really believed in Bitcoin you would just simply buy Bitcoin there was the thing they were actually thinking of launching an ICO for this as well which is also very interesting because why would you launch an ICO these things just come back to money from me they all come back to these people are just trying to make money and apparently during their ICO it was in the the fine print if you will it said that they would that the developing team would see one percent of all the Bitcoin gold that would be pre mind that would come out of this entire thing which means that they were literally just doing it for the money but that has apparently since since been taken out of the entire thing and then oh I see oh is happening but this will still be launched and I assume they’re gonna find ways to get the Conant they’re also creating but yeah guys this is definitely happening it looks like there’s a lot of indications that this will not simply just pass us by we will have for Bitcoin within the next month and a half so get ready for that hopefully I really hope you don’t have any more by December but we’ll see what happens alrighty guys I just wanted to pass on that news to you hope you enjoyed it if you will hope you are having a great day as usual and I will talk to you soon see you hey everyone thank you very much again for watching I hope you guys enjoyed if you guys would like to help me and the channel there are ways to do so in the description below thank you very much and talk to you guys soon you