Following the news of the release of another Bitcoin fork, the company has decided to release a long announcement.

Ideally we would be able to focus 100% on the monumental updates that we will present to members during our event in Vegas 2017.

We have spent so much money and time in order to provide so much value, showing once again that we are the movement of the future.

This is only possible thanks to the coordination of a much larger team of technical experts than almost any other movement in our industry.

The more workers are involved in a movement the more coordination is required and all teams are already working flat out in order to provide more value for YOU, our member! This means that we have far less time to focus on anything besides the primary goals which will provide the greatest future benefits to YOU, our member.

Unfortunately, with little warning, another BTC fork is causing some people to run around asking for the company’s position on its opinions on this new BTC fork and the resulting alt-coin.

First of all…. there is absolutely no reason for people to urgently request new answers every time a new fork occurs.

This isn’t the first fork and it won’t be the last one either. We could see forks of forks in the future.

As a company and a powerful movement, we have a very sensible, rational internal decision-making process when it comes to supporting forks.

So we’ve stopped the good work that we were doing for a few hours in order to divert our attention to writing a very good rational answer which is designed to stand the test of time.

This document provides a clear and solid answer to our position regarding this fork and all other Bitcoin forks in the future.

It’s also designed to provide our members with a broader perspective of the situation and how things are supposed to be done with technology in order to provide the level of quality and value that people can trust.

This larger perspective is greatly needed by the people who are asking these types of questions.

To future proof this document, we won’t mention the actual name of the fork.

Instead, we will refer to it as “Bitcoin Fork XYZ” which will allow the document to apply to ALL Bitcoin and Altcoin Forks in the future!

Additional Core points:

  • It is highly uncertain whether the next “Bitcoin Fork XYZ” is going to have any real long term value or not.
  • We strongly believe in BTC as the most solid Cryptocurrency which has a solid technical history in support of this statement

Will it prove itself trustworthy and provide solid value to the public at large?

  • We are very strong believers in Bitcoin and are excited that Bitcoin is getting better all the time. 

As a movement, we do consider supporting Bitcoin Forks and alt coin Forks based on their level of proven technological professionalism and proof of technological value.

These two core points will show us whether or not the alt-coin “Bitcoin Fork XYZ” will stand the test of time and provide real true honest value in the future.

  •  If it does, then we will spend our money and time to support it.
  •  This may include providing our members with the ability to mine it.

“Proven technological professionalism” is NOT the same as hype.

“Proven technological value” is NOT the same as hype.

Our team’s technical departments has a number of people who are experts at evaluating a Fork or Alt-coin’s “Proven technological professionalism” and “Proven technological value”.

 Our experts evaluate this carefully on a case by case basis.

  •  At the end of the day, everything depends on the technological proof of value that the particular fork provides.

 How to prevent another technological catastrophe

Remember the DAO Hack?

Remember $150 Million stolen?

This happened because developers failed to catch a bug.

ONE BUG. … and there was more than one bug.

Let’s be clear: The Ethereum developers are BRILLIANT!

… and it STILL happened.

Why? Because they they didn’t allow enough time for quality assurance testing! THAT’S WHAT CAN HAPPEN WHEN YOU DON’T HAVE THE RIGHT QUALITY ASSURANCE AND TIME BEHIND A TECHNICAL PROJECT.

FULL STOP.

Any time new technology is released, there MUST be a clear technological roadmap detailing all necessary technological information at least 3 months in advance in order to provide the necessary time for third party integration.

This is extremely standard in the software industry in order to prevent disaster. Anyone who knows anything about complex software development for huge projects (like a cryptocurrency) knows the rule that when the programmers behind the project think that the project is bug free then at that point you can fairly estimate that it’s actually full of bugs/serious issues and needs to go through at least a few extra weeks (or months!) of testing before it’s even close to being bug/issue free!

SO FAR, WE ARE NOT IMPRESSED WITH THE FAILURE OF VARIOUS FORKS / ALT-COINS WHEN IT COMES TO FOLLOWING THE FUNDAMENTAL RULES OF GOOD SOFTWARE DESIGN.

  • Basic Rule 1: Release your technical specifications 3 months in advance of expected integration. Not 6 days before launch! It is impossible to clear all the issues within that timeframe! Where are the standards?!!

We are not talking about any particular fork or alt coin. We’re speaking to some of the lax standards that we’ve seen lately in the industry in general.

Imagine the difference between the high level of professionalism shown with proper Quality Assurance testing versus suddenly releasing an alt-coin to the world!

  •  We have no idea how many “Bitcoin” alt-coins of various names will be released in the future.

We could see “Bitcoin Triple Diamond” released next week and have members wondering “Will Galaxy Mining support Bitcoin Triple Diamond?! WHEN?! Tomorrow? Yesterday?”

What if there is a fork of “Bitcoin Triple Diamond” called “Bitcoin Triple Diamond Deluxe 3000”?

We strategically plan 3 MONTHS in advance with the technological developments that will provide great value to our members.

We do this through the most advanced project management systems in the world including state of the art Agile/Scrum systems which help to manage the multiple teams of experts who provide great future value for YOU.

As a company, should we throw away 3+ months of careful strategic planning of programming tasks through our Scrum/Agile based team management system into the rubbish bin so that we can support the next “Bitcoin Triple Diamond Deluxe 3000” alt-coin the day that it comes out? Even if that altcoin has no PROVEN value proposition and violates industry standard good software practices at its launch?

From a rational logical standpoint, hopefully that sounds as ridiculous to you as it does to us.

Our technical experts have designed highly sensitive real-time systems to serve our members. We’re in the midst of a major upgrade to better serve our members in the future.

We could fill an announcement with pages of information on what it takes to change highly sensitive real-time wallets to suddenly support new coins and alt-coins.

Making sudden changes to these systems in support of alt-coins that contain software bugs/issues could cause some of these highly systems to stop working.

One of our most basic values is keeping our members and members safe.

If we suddenly integrate with software that has bugs/issues, we could put the safety of our members’ value at risk. We believe the safety of our members’ as a core value comes first.

WE LOVE SUPPORTING GREAT INNOVATION

We would also like to make it clear that we have nothing against any forks of Bitcoin or altcoins that occur. In fact we congratulate the level of freedom within the Bitcoin and altcoin community which allows for this!

We have sincere well wishes towards all Bitcoin and Altcoin forks and when they have _proven themselves_ then we will react in a very positive way towards them, which may include supporting them and even providing mining power towards them. Let’s see their proven track record over time. However, new coins require the right amount of fundamental innovation combined with the right amount of quality assurance and a reasonable disclosure of all necessary technical information in a way that follows the guidelines of the software industry.

This is our answer to all future alt-coins and forks that are released in the future.

This information is perfectly valid in October 2017, 2018, 2019 and will be perfectly valid in the year 2020 as well!

Major technological innovations have already been planned for, are being implemented and will be RELEASED in THE RIGHT WAY in accordance with good software design practices to the benefit of all our members.

We look forward to serving You in this way.

As we have previously stated, you may withdraw all coin that you have mined at any time to a wallet that you control.

Therefore, you have the ability to attempt split your coin in any way that you desire. However, if you withdraw and attempt to split your coin and something goes very wrong on your side during the coin splitting process, obviously we as a company cannot take any responsibility or assist you in recovering any value that you may have lost. There are people who will attempt to split their BTC themselves in order to receive “Bitcoin XYZ” alt-coin / fork and discover that they have made a technical mistake and lost all the value of their original Bitcoin in doing so.

Splitting coins to new alt-coins is not a 100% safe process in various scenarios and is done at your own risk!

Once again, the company will not participate in any process that will ever put our member’s value at risk. Your safety and the safety of all value that you have earned is always our number one priority.

The company will also not be receiving any “free coins” with your BTC because, as clearly stated in a previous announcement :

“Some members have asked us to communicate about the long awaited upgrade in blockchain technology relating to bitcoin in the market.

The Executive Team at this time would like to make this statement to our members: We are taking an extremely neutral stance.

Our only agenda is to keep our members safe.

No one knows exactly what will happen, but we do know how to stay safe regardless of what happens.”

Our custom technology is not built to support every fork or coin created. None of those forks or coins are ever touched by our Company during the time of the fork, as technologically that would be impossible.

However, should we decide to support a particular fork / alt-coin then those coins will be made available to the members.