Topic: [2017-11-20]The Impact of Fork Coins on Bitcoin Ecology (Read 3084 times)

I am not a supporter of forks. It seems to me that the best option is when all the interested people will understand that we are all in the same boat and it makes no sense to undermine it. You need to be able to agree among themselves. Bitcoin needs to be modernized to meet the requirements of the time. It is always possible to do so given the interests of the entire community.

Think of John Dow from Springfield forking dollar. Same great promises... same failure at the end.

Fork coin are just based on it's supporters, so after a fork once you got the forked coin it's price is uncertain and might have zero price. It is just like an ICO but this time it has the bitcoin's name on it. See what happened on the segwit2x fork when it was cancelled a group of supported said that they lost a lot of money because of the initial investment that they had. How are they going to get those funds back?

Think these hard forks are being used to maintain the momentum of hype for Bitcoin.
They should focus on improving the system and reducing fees.

I think there is 2 advantages that I can think of now...

You are using "Bitcoin" in your name and people associate that with a successful coin. They think it is a UPGRADE of the

legacy coin.

You also put coins into people's pockets {without having to execute air drops} at the very start of your coin. {forcing the

decision for people to trade and own it}  

earn free coins is something that most of people like... always people listen to the word "hard fork" they run to buy many bitcoin to earn free coins, but the problem is the purpose of those coins and people who are behind these coins:

[ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees

if someone read their thread, the person realizes that most of them are angry people

Bitcoin Silver - Make Bitcoin Decentralized Again

" Make Bitcoin Decentralized Again "

this is a joke

BITCOIN GOLD SCAM WARNININGGGGGGGGG!!!!!!!!!!!!!!!!!!!


[ANN][BTG] Bitcoin Gold Launch – 12th November 2017 (7:00 PM UTC)

they are being accused of being scammers

bitcoin diamond (we'll see what it will be)

Super Bitcoin: " Make Bitcoin Great Again "


another joke

"  Many seem keen to have a pop at stealing Bitcoin’s thunder by way of hard fork. Thanks to the decentralised, open source nature of the network, literally anyone can use the code and create their own version of Bitcoin. Whether it retains any value following the fork is another matter. There are now planned forks for Bitcoin Diamond that’s due to occur at block number 495,866, Bitcoin Silver with plans for greater decentralisation via a new PoW algorithm at some point in December, Bitcoin Unlimited claiming to be “a voice to all stakeholders in the Bitcoin ecosystem”, and Super Bitcoin who are planning on adding smart contracts to their fork of the chain from early 2018. It’s unclear how successful these projects will be, and whether they are even intended to be anything more than a quick money grab from developers hoping to cash in on the Bitcoin brand name. "

http://www.newsbtc.com/2017/11/16/forking-hell-theres-lot-hard-forks-coming-bitcoin

Yes, forks today are not so useful, but in a few years, I think they will become more valuable. An example of this may be that earlier many people disbelieve in bitcoin.

I don't find these forks healthy for Bitcoin. After BCH, miners have became greedy and have found fork as a way to earn money. These free coins means nothing. Just different groups getting greedy and trying to scam the market. Miners are today playing with the market. We all saw what Bitmain did recently using BCH. Also the segwit2x cancellation and then implementation did have an effect on price. These miners after forking are questioning the Bitcoin only. This BS needs to end now. But wait, no, 3 more forks are lined up in January.  

Fork money allows everyone who holds bitcoin to automatically earn money, which in itself is a good start and will have great liquidity. The probability for such a fork currency to be listed on the exchange is considerable. Fork coins can be listed for futures trading even before they come out, which means that speculation of fork coins starts before they are born. The better liquidity, the more conducive it is to speculate. Altcoins however do not such opportunity...check the original text throughhttp://news.8btc.com/the-impact-of-fork-coins-on-bitcoin-ecology