Author

Topic: [2017-12-02] Get a Forkful of Bitcoin This Christmas! (Read 4503 times)

sr. member
Activity: 434
Merit: 250
Only one thing which can be commented on such news is that, "Brace Yourself storm of Forks is coming". Everyone knows that recently Bitcoin Gold Fork took place which push the value of bitcoin to nearly 6-7k USD and after the cancellation of Segwit2x price of Bitcoin is not stopping anymore. With all these things happening in the past it will be curious to know the future of Bitcoin in the coming days, it is going to be a roller coaster ride on Bitcoin value but one thing is assured that Bitcoin will survive and run again no matter how many forks take place.
legendary
Activity: 1918
Merit: 1728
It’s always the same thing. One party starts the hype (BCH; Bitcoin fork or recently eBTC; ERC20 airdrop token), and a whole bunch of copycats joins in. I do not expect these to be any meaningful.

Yes you are right. Concepts of forks and airdrop are already flawed and excessive use of them have made them completely non-serious.
Interest and price, both are decreasing at every successive fork.

Quote
Those who get their hands on these coins early enough to sell them at the initial ATH might be lucky, for the rest it’s just another nuisance (especially for exchanges and people moving their BTC on fork day)

This is also not seem possible any more. In first few forks, namely BCH, BTG etc, exchanges were also enthusiast so they provided instant exchange of Coins after fork.
But nowadays, exchanges are no more interested in listing all airdrop and forked coins. As a result only way to claim them is via Private Keys and using third party wallets to redeem forked coins via private keys is also risky. So on whole, concept of fork will die soon.
full member
Activity: 1316
Merit: 108
While we can only observe all these forks, since we can not influence this process. I, in principle, still hope that the coins detached from bitcoin will later refuse to have a positive influence on the formation of a perfect crypto currency. In any case, I am for a healthy market competition between bitcoin and his clones. Only in this way can they develop and improve. If bitkoyn exists monopolistically, this can have a negative effect on the quality of the entire crypto currency.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
If they prove to be useful, they will have a demand, if not, they will slowly die off.
I don't know.  They only need just enough demand to get listed on an exchange, and then you have hoards of emotionally unstable new investors waiting to hop into any new pump that comes their way.

Often even very poorly thought-out forks could end up doing pretty well.

There are only slight differences in the code, and these differences certainly don't warrant being called "Bitcoin" since they're not really trying to become as significant as the current main chain at this point.
full member
Activity: 420
Merit: 142
It’s always the same thing. One party starts the hype (BCH; Bitcoin fork or recently eBTC; ERC20 airdrop token), and a whole bunch of copycats joins in. I do not expect these to be any meaningful. Those who get their hands on these coins early enough to sell them at the initial ATH might be lucky, for the rest it’s just another nuisance (especially for exchanges and people moving their BTC on fork day)
legendary
Activity: 2968
Merit: 3684
Join the world-leading crypto sportsbook NOW!
I strongly advise everyone to be very careful with these forks. If the recent history
of BTC forks like Bitcoin Gold has shown anything it is that there are many scammers, who
release wallets that contain malware or create phishing links in order to scam you out of your
real Bitcoin.

I also expect that in the future these unprofessional forks won´t be of much use and eventually
most reputable exchanges will not even list them.

Not sure if people will learn, or will even realise there were lessons to be learnt. What happened with Bitcoin Gold is still not fully out in the open. Were there really malicious developers involved? Or were the team behind really as clueless as to what happened? Whichever the case, this simply proves several things: firstly, that not all cryptocurrency projects are as simple as creating tokens on blockchains, you can't just fork off and make a few tweaks and think you're all set.

What people have yet to concede is that the core devs of Bitcoin are just about the very best in the business. So yes, they can be ultra conservative when it comes to forks, but that's only because forking consequences are extremely difficult to predict, and should only be done after much testing and reviewing of code.
full member
Activity: 224
Merit: 100
Any store can buy, sell, and accept Crypto
More free coins, this is becoming the business of china, but at the same time it is becoming ridiculous, why the hell have to give names like bitcoin gold, Bitcoin Platinum, Super Bitcoin, Bitcoin Uranium, Bitcoin Silver. this is becoming ridiculous

Bitcoin Silver: Make Bitcoin Decentralized Again

Bitcoin Platinum: Make Bitcoin Decentralized Again



If they prove to be useful, they will have a demand, if not, they will slowly die off.

Time will tell


Frankly speaking, all these "Bitcoin's forks" only has one intention - they try to give chance to the newcomers, so that they can get involve with Bitcoin. However, they didn't realize - all these are only "duplicated versions" of Bitcoin and it won't gain any good value in the long term...

Forgot Bitcoin Rhodium.

https://www.bitcoinrh.org/

In 2013, people realize how successful BTC was, enter the SHITCOIN era.

In 2016, people realize how successful ICOs were, enter the SHITTOKEN era

Now, people realize how successful forks can be, enter the SHITFORK era.

Hmm, it seems like there always some "sh*tty moments" for different timeline  Grin
legendary
Activity: 3010
Merit: 1460
That is starting to become very idiotic and retarded. Not only will it hurt the bitcoin market but it will also hurt the whole cryptospace because every altcoin's price is pegged on BTC.

But if this is an attack on bitcoin then I reckon the people behind them are not the usual scammers, but from people who have premeditated designs of trying to kill bitcoin.
full member
Activity: 217
Merit: 100
Forgot Bitcoin Rhodium.

https://www.bitcoinrh.org/

In 2013, people realize how successful BTC was, enter the SHITCOIN era.

In 2016, people realize how successful ICOs were, enter the SHITTOKEN era

Now, people realize how successful forks can be, enter the SHITFORK era.
legendary
Activity: 2170
Merit: 1427
I strongly advise everyone to be very careful with these forks. If the recent history
of BTC forks like Bitcoin Gold has shown anything it is that there are many scammers, who
release wallets that contain malware or create phishing links in order to scam you out of your
real Bitcoin.
It's the fault of the noobish idiots that are so insanely desperate to obtain their rubbish fork coins. If you just patiently wait for reputable services to publish their own wallet, the chances for you to install malicious clients will be minimized significantly. Also, number one dumb-noobish-action is that they import their private key(s) into whatever fork client without having first sent their Bitcoins to a completely new wallet. If people want to get their private key(s) drained by scammers, then for sure continue doing so. Roll Eyes

I also expect that in the future these unprofessional forks won´t be of much use and eventually
most reputable exchanges will not even list them.
Forks only have 'public' value when they are backed by either a bunch of major miners, or entities with very deep pockets and strong ties with major economical entities in this market. If whatever random greedy entity creates Bitcoin Rocket (or whatever name the fork may have), people won't care and it will likely have a peanut value.
full member
Activity: 392
Merit: 137
I'm not interested in all the new coins. I don't trust them, but I keep them in my wallet. Maybe someday they will be used for speculation and their price will increase. For me they are worth nothing so I can for a few years to forget about them. I was always more interested in the fate of bitcoin. He could not continue with impunity to share.
full member
Activity: 169
Merit: 100
Time will tell whether or not this is the last "impactful" fork. We have had 2 this year and BTC is almost a decade old.
legendary
Activity: 3024
Merit: 2148
I don't think that people still cares about those fork coins, Most of them are just letting it happen and
will just dump those coins once they receive it. After what they experienced from BCH's pump before,
 people will be more hesitant on investing on the upcoming forked coins and will just see it as a normal token coin from ICO's

Every fork has smaller and smaller impact, BTG was the second and the last impactful fork in a sense that various online services bothered to credit it to their customers - all the next forks are not worth anyone's attention, unless they want to make a few mBTC, while having to deal with untrustworthy software. For some reason many people overreact here, claiming that forks are ridiculous, that they are damaging Bitcoin's reputation and that Bitcoin's supply is unlimited, but like it or not, forks are the part of open source development, and it's the solemn right of anyone to create their own shitcoins. The only fork that slightly annoy Bitcoin is Bcash, but it will die eventually when Roger will decide to stop wasting his money on supporting it.
sr. member
Activity: 658
Merit: 282
I strongly advise everyone to be very careful with these forks. If the recent history
of BTC forks like Bitcoin Gold has shown anything it is that there are many scammers, who
release wallets that contain malware or create phishing links in order to scam you out of your
real Bitcoin.

I also expect that in the future these unprofessional forks won´t be of much use and eventually
most reputable exchanges will not even list them.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
More free coins, this is becoming the business of china, but at the same time it is becoming ridiculous, why the hell have to give names like bitcoin gold, Bitcoin Platinum, Super Bitcoin, Bitcoin Uranium, Bitcoin Silver. this is becoming ridiculous

Bitcoin Silver: Make Bitcoin Decentralized Again

Bitcoin Platinum: Make Bitcoin Decentralized Again



If they prove to be useful, they will have a demand, if not, they will slowly die off.

Time will tell




full member
Activity: 966
Merit: 104
Three forks in the second half of December, of course, it is a bit too much. There will be super bitokoyn, platinum bitokoyn and bitkoyn cashier cash. This will contribute to the growth rate of the initial bitcoin, since people will keep bitcoines and do not spend much money on these holidays, on the contrary, investing in it in anticipation of new free coins of great value.
     As for the coins themselves, we can only be witnesses to this process so far. It is still unknown what improvements these coins will have and therefore it is difficult to say anything about them. If they prove to be useful, they will have a demand, if not, they will slowly die off.
sr. member
Activity: 378
Merit: 250
I don't think that people still cares about those fork coins, Most of them are just letting it happen and
will just dump those coins once they receive it. After what they experienced from BCH's pump before,
 people will be more hesitant on investing on the upcoming forked coins and will just see it as a normal token coin from ICO's
member
Activity: 86
Merit: 10
Hey!
It’s getting bigger and bigger, and now not one, not two, but three new hard forks are going to drop in December, with more for next year.


The current schedule will see an incredibly busy end of year, with Super Bitcoin set to fork at block 498,888 on December 15th. This will kick off proceedings, with Bitcoin Platinum tentatively scheduled for December 23rd and Bitcoin Cash Plus dropping on New Year’s Eve. Two more hard forks, Bitcoin Uranium and Bitcoin Silver, have yet to be given dates.

Source: https://coinblip.com/blog/get-forkful-bitcoin-christmas/
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