Topic: Bitcoin Fork 2 ? - page 3. (Read 2538 times)

An altcoin it is. The only thing the two (bitcoin and bitcoin gold) will have in common is the blockchain all the way up to the split (somewhere in late October or November). I've seen a lot of people hope for another price surge but I really don't like the idea of yet another fork. This will only confuse new people in the space. I sincerely hope we won't split again this time and if we do the copy cat chain dies off eventually.

Yes if you are hearing these kind of things, this is true. The next fork is called bitcoin gold. The last time was BCC or the bitcoin cash. So all we need to do know is to know what exchanger accepts the duplication of bitcoin.

I wouldn't be surprised if 2018 becomes the years of the forks!
The forkers automatically have a huge user base and if they good job the forked coin will also grow in value.
It's a win win for both sides. Some users may sell for BTC while others will hold for some while and see how it will evolve.
And as we will see imo, the forks won't have any negative effect on Bitcoin in any way, as long s they are not contentious of course. Another good thing is your crypto portfolio gets automatically more diversified.

Forks are a courtesy brought to you by DCG group of companies led by Barry Silbert with his fellow minion Jeff Garzik and friend Roger Ver. Central banks love to fund their operations so they can get inside the community to circumvent Bitcoin's progress and try to destroy bitcoin.

Luckily their attempts have been marked by continuous failed altcoins...
"Bitcoin Classic" failure
"Bitcoin XT" failure
"Bitcoin Unlimited" failure
"Bitcoin Cash" failure
coming soon..."Bitcoin Segwit2x" (BTC1) failure

Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20

hacks (these people may have been well-meaning previously...but people change...):
Mike Hearn : “the "Bitcoin experiment" has "failed." goes on to Ethereum an app coin.
Hearn - Big Bank Bitcoin Bully - https://medium.com/@tradertimm/hearn-big-bank-bitcoin-bully-c61531c082e#.okh9viyze
Craig Wright - desperately claimed to be Satoshi & then flees fraud trying to file a bunch of IP patents! LOL!
Mark Karpeles
Paul Vernon
Josh Garza
Roger Ver
Jeff Garzik (2017 recent; hard forking BTC1 / segwit2x)
"Jeff Garzik wants you to connect to his Bitcoin transaction analytics (spy) company Skry, by default, in the SegWit2x fork. Jeff is a sneaky snake!":https://www.reddit.com/r/Bitcoin/comments/6n9grc/jeff_garzik_wants_you_to_connect_to_his_bitcoin/
Barry Silbert (and his DCG portfolio of companies-ie Coinbase, Bitpay, sponsoring ilk of Jeff Garzik characters)


Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.

If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.

He said:

"Organisms derive benefits from creating offspring. With bitcoin gold we are conducting an experiment to see if that principle holds true in the world of blockchains."

I think we will see more forks, and they will keep cannibalizing the network value. Haven't you noticed -- airdrops are all the rage now! It was the case in altcoins/ERC tokens, and now it's spilling over into copy/paste Bitcoin spinoffs. The Segwit2x backers seem to be coming to terms with the fact that the legacy chain won't die, and that they will be supporting two coins. And I don't think that Bitcoin Gold is the last we've seen of the spinoffs, either.

And even though Segwit has just been activated on the network, Luke Jr is already back pushing for a new hard fork. And he wants to repeatedly fire the miners -- brick all their hardware -- in order to make "Bitcoin" more decentralized. (I put Bitcoin in quotes because changing the POW algorithm requires a hard fork )

https://www.reddit.com/r/Bitcoin/comments/73x7ch/heres_the_uservsminer_bitcoin_compromise_uvmsf_do/dnx9ds8/

https://www.reddit.com/r/Bitcoin/comments/73x7ch/heres_the_uservsminer_bitcoin_compromise_uvmsf_do/do0z5ns/

I also agree with you, when fork 1 is very happy btc the price goes up. and I'm sure the 25th of October will surely surprise us all. we will all see what happens next.

Yes it is true. On October 25th, the Bitcoin blockchain is set to hard fork and create a new cryptocurrency called Bitcoin Gold (BTG). Existing private keys holding a Bitcoin balance at that time will be credited with the same amount of Bitcoin Gold on November 1st, similar to how they received Bitcoin Cash at the beginning of August. A wallet for Bitcoin Gold may not be available in time, however, which could cause a delay of up to a few weeks before holders will be able to use the new coins.

I will not be surprised that the next fork will be named “bitcoin diamond”. How ironic this forking also upgrading its name but has the same result. Mostly a failure to replace and destroyed bitcoin. And I think it’s much better this way because always after a fork happened there is always a bull run.

If you want to get some forked coins then you need to put your bitcoins in bittrex or other exchange because that is who the other people that i know got some bitcoincash, they put their bitcoins in bittrex and they let their bitcoin sleep on that exchange and they get bitcoin cash and easily sell it for bitcoin and got some free bitcoin or money from that.

So how many more forks are we likely to see in the future? I still haven't claimed my bitcoin cash either so I should really do that soon at some point. Unfortunately I had some bitcoin on coinbase too and never got bcc for that although they say we will eventually. 

This is a hard decision  because i am thinking of changing everything i own into bitcoin so i can take advantage of the new fork. I guess i will wait a litle bit to see what people are saying about this and try to take the advice of more experimented people in the field.

Before the BCC or Bitcoin Cash, the previous fork created Bitcoin Dark. Yup, the next one is Bitcoin gold.

I am getting pissed of with the whales who creates different BTC variations.

The November fork is based on block height, not time, so we don't know the exact date. But based on current difficulty and assuming typical block target time, the Segwit2x fork is slated to occur ~Saturday, November 18, 2017. So it's about 43 days away. There is a countdown tool that you can use to track it here: http://bashco.github.io/2x_Countdown/

Yes, bitcoin gold is going to split on October 25 so we are near. And the other one will takes place on November but I don't have an idea on what specific date that test will happen on November. We have to focus first with bitcoin gold and I'm waiting on how I'll be able to claim those bitcoin gold as I have some few btc left without 's' on it. Hoping that theymos will be making a thread and a guide for that.

the bitcoin gold fork is just a spinoff. it's no big deal. it's an altcoin and the developers aren't pretending it's anything else, so i don't see why it wouldn't happen. here are links to their twitter and website.

if you hold BTC and you control the private key, then yes, you should get some of the new altcoin in that private key when the fork is launched. i heard there is a pre-mine, though, so i'm not sure if you get 1:1.


no one knows. it seems like the bip148/bitcoin cash debacle opened up a whole new can of worms and we are dealing with the consequences. forkers on all sides now seem to be intent on actually forking rather than simply talking about it for months and years (per the old tradition).

So if I hold my BTC with the private key I will be rewarded with this new Bitcoin gold currency? Where is the link to this? Is it true?
How sure are we that the fork will happen ? How often will these work happen? Why are the forks happening all of a sudden and soon at once?


Don't they have to do it? For some or another reason?

I would like to think so too, but I think that's pretty idealistic. VCs have poured a lot of money into the current crop of Bitcoin service companies... Blockchain, Coinbase, Circle, bitFlyer, Canaan/Avalon, ShapeShift -- all heavily VC-funded. They are motivated by profit and that venture capital was, in many cases, sold on the basis of Bitcoin as a cheap, instant payment system.

The inability of the industry to force the developers to pivot to their use cases has, in turn, caused them to pivot to altcoins (or other sectors entirely; see Circle). But that hasn't made them give up. Not after XT, Classic, Unlimited, Bitcoin Cash. Why would they give up after Segwit2x? From the perspective of a VC-funded startup, it makes more sense to simply fold than to change your entire [badly conceived] business model.

I think that the second hard fork would also fail to deliver the expected results for miners and some companies who try to do it.If it fails,then we could be almost free from such future attempts.

But for me,why it becomes a matter of serious concern is that most of miners have signed in New York Agreement to activate segwit 2x by hard fork and the situation is not just the same like as it was in previous hard fork when only two or three mining pools supported BCH.

You're referring to orphan blocks -- valid blocks without a known parent on the best blockchain. These have nothing to do with forks; they are completely valid blocks. They were just orphaned when a better, valid blockchain emerged.

A fork occurs when there is a disagreement regarding validity. It regards changes to the consensus rules. If a hard fork occurs, no block from the hard forked chain (after the fork block) would be considered valid on the original chain. So your definition isn't useful here.


The UASF threat and Bitcoin Cash experiences brought us here. They showed that some stakeholders (if only minorities) are willing to permanently fork the chain rather than simply posture (like XT, Unlimited), and that the fork can be viable. It's much easier (if riskier) to fork the chain and let the market decide than to internally argue ad nauseam forever. That's why those who want contentious changes may increasingly just fork and leave the network, and enter the competition against legacy Bitcoin.

Some Core developers have also suggested that miner-activated soft forks will never be used again (at least for major changes). UASFs are much, much more likely than a MASF to result in a split network (and multiple coins) because they aren't backwards compatible without majority hash rate.