Digital gold Bitcoin is often being described as digital gold. Same as gold, it is scarce and being mined and released into circulation at a fairly predictable rate. It is impossible to counterfeit. It is fungible, meaning some gold is not better than any other gold. It is divisible to a high degree. It can be anonymous. It has most of the properties of gold, but improves them. It’s much easier to transfer, for one.

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Wrote another article for the Reflex Capital blog: ICO or IKO about why I think ICOs make little to zero sense. Czech version is also available, as usual.

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Maybe you’ve heard about the recent attack on Bitcoin Gold exchanges, where the attackers stole some BTG using a form of double-spend attack. Now, you might start to wonder: How is that possible? The genius of blockchain is in preventing exactly this type of attack. But this crucial property holds only under certain network conditions. Let’s explore how such an attack is possible and what you can do to protect against it.

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This article closes the series about dumping Bitcoin forks, which started with this post. In the previous instalments we introduced various ways how to claim and dump them. The most valuable forks were described in more detail. This article will sum up all the other forks I claimed and dumped, since they do not deserve their own full post. Make sure, before doing anything, to read the safety notice in the introductory post.

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It becomes increasingly difficult to write something about particular fork, as they are getting indistinguishable. This time, we’ll dump BitcoinX (BCX). So in this article I will focus more on yet another method of claiming, which is mildly interesting, without commission and can be used for many forks. As usual, go read the Safety notice in my initial post in this series), if you haven’t done so yet. About BitcoinX So BCX is yet another fork, with a pretty homepage listing all the same stuff all the other forks do.

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If the ways I dumped Bitcoin Cash, Gold, Diamond and Super were too boring for you (they were, indeed), this time we’ll get our hands a bit more dirty. If you follow this story, you will become richer. That is, richer with knowledge, because there is not much to be made off dumping Bitcore (BTX). As usual, go read the Safety notice in my initial post in this series, if you haven’t done so yet.

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Getting into more obscure forks (but believe me, there are many more to come), I decided to do a double take, because I got rid of these two the exactly same way. The previous cases were both 1:1 forks, meaning you got one unit for one BTC. This time we’ll see first case of unit change, which I think is a clever trick, to be honest. If you haven’t done so yet, please read the Safety notice part in my introductory post to this series.

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The second most prominent Bitcoin fork was created about three months after Bitcoin Cash, which I wrote about in previous part of this series. If BCash wanted to solve the capacity problem by increasing block size, Bitcoin Gold (BTG) tried to “democratize” mining. The financial interests of their creators might also have played a tiny bit of a role in creating them, I suspect. If you haven’t done so yet, please read the Safety notice part in my introductory post to this series.

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Bitcoin Cash or BCash (BCH) was the first prominent fork, which started all the later craze by it’s relative success. If you are going to claim just one fork this should probably be it. Contrary to common sense, at the time of writing this article, it’s valued at about 15% of Bitcoin value. If you haven’t done so yet, please read the Safety notice part in my introductory post to this series.

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Bitcoin can be forked. It’s almost a magical process, doing a fork. Money, raining from the skies. You will realize how magical it seems, once you try to explain how the fork works to someone not familiar with cryptocurrencies and blockchain in general. What do you mean? You have some bitcoin, and then suddenly you have also some other coin? So the original bitcoin is split in two? Does Bitcoin lose half of it’s value then?

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