Topic: All these forks make bitcoin seem scammy.. they should never have been done. - page 2. (Read 355 times)

The only way they are damaging Bitcoin's reputation is by creating an illusion that there's some split in Bitcoin's community, so than the media and trolls can pickup on a juicy story how Bitcoin is consumed by some civil war while good altcoins like Ethereum or Iota are going to thrive. Of course it's all just a FUD aimed at newbies to make them drop their BTC/fiat for alts, but it seems like this myth is getting some traction, as every new fork is met with some panic on social platforms, and even some experts believe that Bitcoin's community is fighting within itself instead of focusing on improvements. So, I think we all should ignore discussing forks to kill their publicity, and maybe dump them on exchanges, although I have to admit it's quite annoying to go through the secure process of claiming them every time.

What?  Who said these forks are supposed to help Bitcoin anyway?

There are scammy forks out, and yes, scammy ones are scammy. But there are decent ones (BCC, BCG), that are improved in someways that BTC doesn't want to improve itself and I do not see anything wrong with this.

Well you are correct in identifying Roger Ver as the anti-christ of Bitcoin, but his efforts to destroy bitcoin have been futile - a big failure.

But from your statement "forked coins spoil the reputation of Bitcoin": The opposite of what you state is true. The forks reveal themselves worthless, especially BCH.
The price demonstrates more worth and value-store over time. Altcoins, like BCH and other scamcoins are more susceptible to hacks. Bitcoin's code has been unbreakable and running for 9 years. Bitcoin has more long-term hashing power, Bitcoin has more geographic distribution of miners, Bitcoin has the real & global code developers contributing their time, Bitcoin has more true independent nodes in diverse geographies, and Bitcoin's largest coin holders are more diverse over-time instead of concentrated altcoins.

I agree, and until this point I haven't see any impact of the new forking coin and the usage of the coin, most of the people going back to invest in Bitcoin and the forking coin left in the state of unknown, once in a while there will be some people pumping and then left it again, and the forking making Bitcoin looks bad for the investors

These forks are nothing more than a regular altcoin, with only similarity to BTC being their name. I doubt people will invest crazy amounts in them when they can stick with BTC which is steadily growing (with hiccups) or any other stable altcoin.

I agree with you that forks are not good for the reputation. I dislike forks. But that's one of the cons of having an open source currency.

I thought that if fork mean nothing in new development about bitcoin and only want to make new coin, i think fork is big problem for bitcoin future. Most likely bitcoin just being used as a tool to make money.
But if fork can solve the problem about bitcoin, like high fee and very long transaction, so i will support fork as first person.

Recently fork is nothing, notjing change. Developer just want to create new coin. Nothing help in fee and transaction.

Yeah you are right, not sure what good has forking done to bitcoin. In fact it did the opposite and made it look bad.

Yes,forked coins spoil the reputation of bitcoin.It was started by roger ver who was nonce termed as bitcoin jesus and now became a bitcoin antichrist.People are now well aware that these forked coins could not replace bitcoin.They use it just to earn some quick profits.They just dump it as soon as possible and they know very well that it would be worthless in the long run.The only exception to survive is bitcoin cash and it is also due to huge pumping by his team.Some miners even wish to continue to do more hard forks in the future.

We could believe that most of the newcomers in to bitcoin would just avoid such shit forked coins instead of buying such trashes.

Just simply read:

and...


The world is seeing the obvious;

I do agree with your statement. All these forks are not helping bitcoin in any way. Instead they are taking away few billion dollars of market cap as well as some percentage of the hash power. This forks are making the bitcoin network weak which is not at all desirable. It is just a group of greedy miners forking away with new coin. As a community we must condemn such attempts and should not support any further fork attempts.

You're right and other than increasing competition I see no real benefit for most of the forks, long term it will hurt bitcoin. But it goes against bitcoin to disallow such things to happen, bitcoin is not controlled by one person and nor should it ever be and therefore everyone can do as they please.

You are correct, but at the end that is not bitcoin fault, the only fork that I consider a legitimate fork is bitcoin cash and even that fork has many things I do not like all the other forks are not really anything new and you should not be concerned about it, you are right that makes bitcoin look bad and scammy but the ones not changing the name of their forks are the ones doing the fork and we cannot force them to change the name of their forks.

Seriously we had Bitcoin Cash, Bitcoin Gold, though some argue that one's a scam, and now Bitcoin Diamond all within a 6 month time period? In 5 years how many forks will there be? They should never have forked the coin at all, not even once. They should have created another coin with a different name from scratch. Forking constantly makes the whole thing seem like a big scam from an outsider's perspective.

Forking will lead to another coin eventually taking bitcoin's place in my opinion, though hopefully people don't see that hey, anyone can create any coin they want at any time, so why should I buy this particular coin? There's 15 bitcoin forks here in 2019... what the hell is going on?  I like that I can store money without having to worry about unconstitutional civil asset forfeiture, but it seems like the way things are going the blatant greed is showing through.  Just another way for people to create a coin they can dump and make their millions, which is fine.. I like making money too, I just hope this short term focus on gain doesn't harm people's perception of bitcoin as a whole.  In any case as long as the money is there, people should flock in. 500 billion dollars from a global economic perspective is still peanuts. We could have 2 trillion in combined market cap and it's still peanuts to the global economy.