It’s a Bitcoin bonanza these days. The cryptocurrency is about to end the year with the record valuation, while its variants are emerging on a regular basis.
Just when we’ve told you about Bitcoin Diamond, we have another fork coming our way – the Bitcoin God, which will symbolically be released on Christmas Day, December 25th.
A brain child of Chinese Bitcoin and blockchain angel investor Chandler Guo, the new cryptocurrency will have a limited supply of 21 million tokens, just like the “regular” Bitcoin.
Here’s the official announcement on Twitter:
Bitcoin God (GOD) will be forked off the main bitcoin chain at the block height of 501225, which will happen on December 25h to be symbolic of me giving candy to all Bitcoin Holders. The total amount will be 21 million. No pre-mine.
We still wait for the technical details, but even without them – this scheme could proceed. If you remember, there was a similar lack of information on Bitcoin Gold, and that hasn’t stopped the fork; quite the contrary.
Nonetheless, we do expect to learn about which exchanges will trade the new cryptocurrency, as well as which wallets will work with it. Guess we’ll have to wait for another few days to get that information.
In the meantime, we have no doubts that the “free money” argument will continue to work for some time, but afterwards – we can’t imagine that many Bitcoin variants existing in parallel. Some of them will have to be abandoned.
Related, it is unclear whether all these forks are a good or bad thing for Bitcoin. So far, they all worked in Bitcoin’s favor, but at some point — with multiple Bitcoin variants competing for attention — things could change in the opposite direction.
As we said it in our discussion on other Bitcoin forks – we’ll gladly take the free money that comes included with every new cryptocurrency variant, Bitcoin God being one of them.
What about you? Are you looking forward to Bitcoin God? Or you would rather want this “fork thing” to stop? Comments form is all yours…