Topic: Bitcoin forks (Read 312 times)

I don't think the forks have a big impact on the original one because they are small and not a bit of a challenge for Bitcoin, so basically, trust the original.

yes ,, it can happen, I think hardfork has a purpose to fix the system, just like any application that needs to be updated at any time. and it's for the system to run smoothly.

do not blindly trust people claiming amazing things. the prefix "bitcoin" has every right to be there in forked coins. a forked coin shares the exact same transaction history as the "original" coin til a specific block height.
this guarantees that if bad actors try to influence bitcoin's development and thus turn it into something it is not supposed to be, there is still the possibility to fork and the true bitcoin lives on. please question more.

I didn't say that... i said that the prefix 'bitcoin' should not be allowed on forked coins (exchanges, news outlets, the community would need to enforce this). It is confusing new users.
Allowed is maybe not the best word... it should not be accepted.

bitcoin is open source, this means you cannot forbid forks.

I think it's bad for bitcoin..... adds to confusion, adds to the politics (see bitcoin cash). Forks should not be allowed the prefix of bitcoin. They are just alts.

It's not bad. It's what makes bitcoin stronger because it reminds everyone who the original chain is. Don't forget about all the bch coinbase still has, that shit will get dumped and pumped back into BTC.

The vast majority of Bitcoin forks were created because some people want to get rich quick. Most of the forks should be ignored and once you get the coins from it - instantly sell them and forget about it. They are an attack on Bitcoin.

I agree to op above me. Since the block chain are becoming slower and gaining high fees due to massive adaption the devs decided along with the miners to fork bitcoin for more efficiency. Yet due numerous forks, confuses lot of users. And we cannot expect everyone to just drop a trusted coin because it is proven in years. Not all but there are coins that have a huge potential in the future. And I know people will see that very soon.
I just don't want the centralized concept of some coins. I think it's one of the reasons why some do not adapt alts.

I have saw that like it or not, forking bitcoin has become an efficient approach for blockchain teams to receive quick money
Will many fork is coming on couples months later except bitcoin cash and bitcoin gold they are

Bitcoin Diamond (BCD) Forked at block 494604, The BCD team so far has only released information about its lead Chinese community leader Yang Linke, former founder of BTC China and creator of ICO Coin.

Super Bitcoin (SBTC) is planned to fork at block 498888, and we’re already seeing SBTC futures reach over 0.13 BTC on the exchangers.

Bitcoin Platinum(BTP) fork, BTP plans to fork at block 498533 on December 12. It is said that BTP is GPU-mining-friendly with no pre-mine, and that it will adhere to the Segwit2x solution.

Bitcoin Cash Plus (BCP). BCP will fork at block 501407 on or around January 2, 2018. It will adopt the Equihash mining algorithm.

Bitcoin Uranium(BUM). BUM will occur in December. It allows GPU and CPU mining and does not sport a pre-mine. The team is working on its website and Github pages.

Bitcoin Silver(BTSI). BTSI will fork some time in December, but block is still not decided. It changes Bitcoin’s proof-of-work algorithm from SHA256 to Equihash. Bitcoin holders who possess BTC private keys will receive Bitcoin Silver on the rate of 1 BTC=1 BTSI.

Bitcoin X (block to be decided). It has 210 billion in total and will be distributed to bitcoin holders on the rate of 1BTC=10000 Bitcoin X.

But it will not happening if the there are no people who support the hard fork and i think it is not to be problem for the bitcoin

The aim of bitcoin forks is to fixing the bitcoin's network to be more better in the future but always there are people who doesn't agree with desicions of bitcoin hard fork and everyone be free to choose which are the blockchain will be followed by community, bitcoin is decentralize, transparant and bitcoin is more than democracy in the countries. I am netral to see about the bitcoin hard fork because however we are community of digital coins and this community is must going up and many choice in digital coins.

If you you are capable to write code, than you can make really a lot of money by creating a fork.
Enough for the rest of the life, I assume. It is much easier to create a fork than to create a new crypto currency from the ground.
And by forking bitcoin, there is already the brand 'bitcoin' included, so you have good advertisement.
I fear this will become some kind of a sport in the next yeras, but my hope is that people will become tired of it and not invest in new forks anymore at some point.

Several disagreements within the team and within the central community of Bitcoin stakeholders such as miners and large whales of investors are the main causes of forks. Although some are not really hard forks, Bitcoin Cash and the failed B2X that should have been implemented in November are actual splits from Bitcoin. Bitcoin Cash basically does not share anymore the current standing of Bitcoin. When that is at stake there is no way for them to stand solid. One has to move out.

there are too many forks in future-good profit for btc owners

Imagie you want to earn money's on cryptoworld.
You have 2 ways: develop your own coin with original idea or stole completely finished and succes product how original bitcoin.
Some peoples take second version and born the next fork

I think some people have seen the benefits. There are too many forks. A few forks may have a positive effect on the correction of the special currency. But now, you see, the fork is too casual, and the feeling is overflowing. Some forks still exist in advance by miners, which are unhealthy behavior.

I love blockchain tech, and always look at the new cryptos. I'm a alt-coiner but the recent developments, and price increase in BTC, has lead me to further investigate BTC. I like the idea of bitcoin maximalist.

It appears to me that BTC is the origins of all cryptos, and for that mere fact I want to get my hands on some BTC. Buying the dips, what dips?? whahaha

Core is the original developer team behind the bitcoin from start so any version of bitcoin supported by core team is referred as original chain or bitcoin.  All other forked coins are cloned by random developer as bitcoin is open source and even you can fork it in your own way, the only thing that makes bitcoin as bitcoin is the huge community support it have along with millions of bitcoin holder who can hold their bitcoins for really long time.

Apparently the Bitcoin Gold fork is "to give free money to the people" that's according to the initiator. Whata load

If bitcoin minners didn't have enough Forks on thier plate another one is comming up on Christmas day of all things. In addition to an already heavily forked cryptocurrency that consists of Bitcoin Classic, the now-defunct Bitcoin XT, Bitcoin Cash, and Bitcoin Gold, they will soon be joined by Bitcoin God.

Yes, you heard it right; Bitcoin God is due to be forked off on Christmas day by Chinese blockchain investor Chandler Guo who has announced he will release his own version of the currencies.