Bitcoin Gold has Forked, but Where Are the Coins?

Bitcoin Gold must have achieved its hard fork- but it may be a while before the dust settles and if a usable coin appears. For now, it seems Bitcoin Gold exists only in theory, without the package of wallets, mining software and exchanges that fuels the life of all coins.

The confusion continued on all social media related to Bitcoin Gold, including the GitHub comments section, where last-minute calls for crucial developments were met with discontent, further undermining the reputation of Bitcoin Gold.

Currently, only around 100,000 pre-mined coins exist. And no one knows if they would be worth anything. And there may have been a minor confusion that the current mining is only a test and all coins mined before November 1st would be lost.

The question remains whether even after the fork, users would be able to trade their Bitcoin without losing the Bitcoin Gold balance.

And since Bitcoin Gold has no known working payment protection, a lot of users may find there would be errors in the balances. So on the Slack channel, the advice is to wait a bit more.

Bitcoin Gold benefited from the publicity of the upcoming SegWit2X hard fork, as the main message for most users was the potential for receiving free coins on another network, as was the case of Bitcoin Cash in August. But this time, completing the coin split may be problematic, at least in the initial days.

There was also talk of a community takeover, another fork initiated by miners to put the project on fair footing.

"Collectively, us miners could fork this fork and reinstate the spirit in which the foundation of this platform was released. They are piggy backing on the work of others for the purpose of financial gain, and I get the sense of a growing displeasure about this, as people learn exactly what they are doing, and have done," wrote user mjoh090 on the Bitcoin Gold Slack channel.

The biggest issue is that Bitcoin Gold is riddled with project problems and this may slow down adoption- affecting the market price negatively, as the coin is seen in a negative light. Currently, only Bitfnex has expressed interest and has introduced chain-split tokens, called BG1 (the current blockchain) and BG2 (Bitcoin Gold). These tokens will trade for a short period, ahead of true mining and blockchain activation for Bitcoin Gold.