Friday, November 24, 2017

Bitcoin's divisions beginning to become a mockery as new fork creates Bitcoin Diamond

Either Bitcoin is quickly becoming a ponzi type scam, or developers of the cryptocurrency are completely divided on the platform's future as another hard fork imposed on Nov. 24 has spawned the newest Bitcoin derivative in Bitcoin Diamond.

Bitcoin Diamond joins Bitcoin Cash and the shelved (for now) cryptocurrency labeled Bitcoin Gold in what has become a mockery for the original player in the cryptocurrency sphere.

A fresh new Bitcoin fork successfully debuted Friday, but its 4.2 bln coins are already raising questions. 
Bitcoin Diamond (BCD), which launched at block 495866, aims to switch from proof-of-work to proof-of-stake after mining is completed - after just 10,000 blocks. 
A curiously complex introduction on Bitcointalk Nov. 22 paved the way for Bitcoin’s latest doppelganger, which unlike previous incarnations Bitcoin Cash(BCH) and Bitcoin Gold (BTG) has hardly anything in common with Bitcoin (BTC) at all. - Coin Telegraph
With there now being at least two iterations of the original Bitcoin, and close to 1200 total cryptocurrencies available for trading, the idea of Bitcoin becoming an alternative to currency (money) is very quickly falling by the wayside as even long time advocates appear to be recognizing that traders are using one or more of the cryptos as a platform to engage in a pump and dump, boosting up the price of one crypto while forcing down the price of others.

1 comments:

I buy last day BCD its short form of Bitcoin diamond. And i hope i got good profit from BCD.
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