Wiki / Forks / Bitcoin Platinum (BTP)

Bitcoin Platinum (BTP)BTP

From the Bitcoin Takeover Wiki · ✓ 2 sources · 0 podcast anchors · built 2026-11-13

A December 2017 Equihash fork; Cointelegraph reported a Korean-language post calling it a scam, which the team later disowned, and the episode caused an uproar in South Korea.

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The wiki's angle: Bitcoin Platinum is the fork-wave case where the story was a tweet, not a chain — and the record has two versions of who wrote it.[1][2]

Announcement

Cointelegraph reported on 10 December 2017 that the @bitcoinplatinum account had said its supporters would “hard fork the Bitcoin protocol at block 498,577”, without naming developers, investors or miners[1]. The project site, as archived on 11 December 2017, showed a countdown reading “Mainnet will be hard-forked in / 500000 blocks” and listed Equihash, 2.5-minute blocks and two-way replay protection[2].

The deleted tweets

Cointelegraph, citing JoongAng, reported a creator's post: “Please forgive me. Bitcoin Platinum is a scam coin. I created the project to earn five mln Korean won ($4,590).”[1]. An apology on the archived site, in Korean, says two deleted Korean tweets were posted by one developer, “WJ Cloud”, under schedule stress, that this developer was removed, and that a young developer accused online had no involvement[2]. Beyond the handle used in the project's own apology, this wiki does not name anyone involved, and it has not resolved the two accounts[1].

References

  1. secondaryCointelegraph, “Bitcoin Platinum Created By South Korean Teenager As a Scam, Local Market Erupts”, 10 Dec 2017 [archived]
  2. primaryBitcoin Platinum website, bitcoinplatinum.github.io (Wayback Machine copy, 11 Dec 2017)

Related

Categories: Forks · Fork lineage
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