Topic: Are frequent Forked Bitcoin's coin mere speculative in nature or any utility ? (Read 209 times)
November 16, 2017, 10:04:07 AM
Forks are in my opinion just exploring the popularity of the main coin in order to profit themselves. The team behind BTC Cash for example new that people would be attracted to the benefits they offer, and instead of making a similar network or blockchain themselves they simply decided to fork BTC, which is bad in itself but harms the entire system if you ask me. As it seems with the latest fork they have profited massively, BCH cash is trading at about twenty billion right now which simply means that other people will see that, and will want to do something similar, so don't wonder if within the next year we'll be seeing five or even ten potential forks or forked versions of Bitcoin, it's just the profit that these projects are after imo.
November 16, 2017, 04:58:42 AM
Funny way to put it that Bitcoin can get pregnant with forks. But this is the reality fo decentralization where everyone can do anything they please, whether it is for the real fulfilment of their selfish goals or for the betterment of the crypto community. We saw this year the various forks and attempted forks. We saw how they were used to threaten people, threaten users, and we saw how some spoke of the true values of Bitcoin.
But in the end, we also saw how everything was driven by profit. And the so called ideals once touted are forgotten, it's all about mining and price now.
But in the end, we also saw how everything was driven by profit. And the so called ideals once touted are forgotten, it's all about mining and price now.
November 16, 2017, 04:40:28 AM
Any fork is a new alt coin.. Plenty of those around.. Every coin needs to stand on it's own merit. Some will do well, some not.. It's very Darwinian if you think about it.
November 16, 2017, 12:47:40 AM
frequent fork ? i do not think so,
the only fork that we will face is segwit2x but it's canceled due to community.
fork is not a new business because it's an upgrade for the block.
the network increased to 2MB which is will caused the transaction much faster than before.
a few weeks ago we're facing chain split that is why we got a free coin from it.
but it's not fork,it's only chain split no more than that
the only fork that we will face is segwit2x but it's canceled due to community.
fork is not a new business because it's an upgrade for the block.
the network increased to 2MB which is will caused the transaction much faster than before.
a few weeks ago we're facing chain split that is why we got a free coin from it.
but it's not fork,it's only chain split no more than that
November 16, 2017, 12:36:30 AM
As we saw when ever BTC get pregnant with Fork , it gives new birth to a coin 
.. BTC holder gets it in free and dump whenever speculative party pumps it .. is forking new business ? will it hurt coin's credibility or all is speculative in nature ?
.. BTC holder gets it in free and dump whenever speculative party pumps it .. is forking new business ? will it hurt coin's credibility or all is speculative in nature ? Jump to: