Do you think the forked coins are a waste of time?

nitrousteam

member

Activity: 154

Merit: 15

Quote from: manoy on March 10, 2018, 08:38:17 PM

Forked coins only makes these developers wealthier,these are just created so they can make millions of dollars out from nothing.Most of these doesnt even resolve the issues of the network and these developer are making it a hobby to fork these stupid and worthless coins.

I agree 100 percent with that statement. These forked are waste of the time. The developers are clapping and brushing their hands after the splitting has been done.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
People often think that the developers want to improve the transaction cost, fees and time of the transaction but the developers that are behind the forks are actually waiting for the more profit which will they get from the noneducated users which will even maybe invest some more into these forked coins.

liangweicha

member

Activity: 238

Merit: 10

The Experience Layer of the Decentralized Internet

Yes, I think these forks are worthless, so I don't buy them.
Even the fork of bitcoin, so far, has rarely been heard.

healthcarep

newbie

Activity: 72

Merit: 0

Quote from: travelgear17 on March 10, 2018, 05:07:23 PM

The last month has seen a spate of high profile forks, as zclassic (ZCL), eth classic, and litecoin have all split to create new coins. Each of these has a shared history with its parent chain. In the run-up to the fork, many investors bought in hoping to claim their free dividend, or simply to chase the pump expected to push prices higher.
I know now that is one of my coins announces a fork, I'm out.

I respectfully disagree. we now have a record,a history of effects from forking and it isn't desirable. beginning returned with BCH fork,it became a unhappiness and others have been as nicely. I do no longer know why this this cycle happens of unfastened falls in costs after forks. but I plan to step aside and look forward to the sell off and get back in later.

ksiazek7

jr. member

Activity: 154

Merit: 1

Quote from: travelgear17 on March 10, 2018, 05:07:23 PM

The last month has seen a spate of high profile forks, as zclassic (ZCL), eth classic, and litecoin have all split to create new coins. Each of these has a shared history with its parent chain. In the run-up to the fork, many investors bought in hoping to claim their free dividend, or simply to chase the pump expected to push prices higher.
I know now that is one of my coins announces a fork, I'm out.

Seems a bit extreme to jump out of the coin if it has a fork. I mean lots of times it seems like it isn't even a fork recognized by the main team like the Litecoin one and the Monero one recently.

cryptosifu

sr. member

Activity: 378

Merit: 251

It really depends on who forks the coin. If it's a team that has the knowledge to continue developing and marketing the project, then it could definitely be worth it and you can see the price growths. If it's just someone who forks it and ends up dumping it for the real coin than you might end up wasting your time and more importantly, your money.

linkybit

full member

Activity: 560

Merit: 107

Keep Working

Quote from: travelgear17 on March 10, 2018, 05:07:23 PM

The last month has seen a spate of high profile forks, as zclassic (ZCL), eth classic, and litecoin have all split to create new coins. Each of these has a shared history with its parent chain. In the run-up to the fork, many investors bought in hoping to claim their free dividend, or simply to chase the pump expected to push prices higher.
I know now that is one of my coins announces a fork, I'm out.

If a fork comes with a reason then it worth to have the fork, but if it is just another xyz bitcoin fork then it is a waste of time for normal users however developers can make money from it.

AlexaSonda

full member

Activity: 504

Merit: 101

what you say is correct, that in hard fork everyone just wants a free coin from airdrop and hope to get a profit from the pump. but you have to remember, all of them have risks, if you get a profit soon leave, lest you get stuck like nxt and ignis holders.

jgoods

newbie

Activity: 10

Merit: 0

Forking allows more rapid innovation. If you have to start your code base from scratch then you're spending time doing work you dont need to. Forks are efficient.

napi

member

Activity: 350

Merit: 10

Quote from: travelgear17 on March 10, 2018, 05:07:23 PM

The last month has seen a spate of high profile forks, as zclassic (ZCL), eth classic, and litecoin have all split to create new coins. Each of these has a shared history with its parent chain. In the run-up to the fork, many investors bought in hoping to claim their free dividend, or simply to chase the pump expected to push prices higher.
I know now that is one of my coins announces a fork, I'm out.

it seems that they only use the good news from the coin because they just want to make a profit only and after already getting the profit they will sell and make the price back down. so play trading just follow the path then you will get a lot of profits.

SGToken

full member

Activity: 462

Merit: 100

Most of the forked coins (except Bitcoin Cash) are so-called "air coins" and don't have much community support or development force. Investing in such coins is highly risky and are not meant for small individual investors.

indrakusumaindra

full member

Activity: 728

Merit: 101

The Standard Protocol - Solving Inflation

fork not always a bad idea, but sometimes fork is means nothing at all they just trying make a profit for the coin to have a better value by add new coin. i dont think fork will solve value problem it only make the value even worse and thats only mean dividing the value. in some case hard fork is good for example titanium, titanium doing hard fork to fix the problem of stealed coin. So the conclusion is hard fork not always bad it depends the purpose itself

DISCMAN

full member

Activity: 266

Merit: 100

Quote from: setifien19 on March 10, 2018, 05:41:33 PM

Most likely they are "as you said a waste of time " because conventionally forked coins are being created in order to solve a problem in the main coin ( which is incapable to resolve that problem "at least temporarily " ), & because cryptos are in a permanent improvement process , mother coins are being more intended to resolve these problems ( such as fees , confirmation time ...)

If that the case, then probably forked coin is useless knowing that this is not incapable in resolving a problem. Where in, many are expected that it can resolved but the truth is not. So, its really a waste of time either.

Mikado$

newbie

Activity: 170

Merit: 0

There are many issues to consider in this regard. In the crypto market with much competition and constant development, some will lag behind without further effort. I think these come from the problem of their internal conflict. They try to separate by focusing on it but not much effect. In other words, the gadgets they create do not bring a practical sense of purpose to users. It will be easily forgotten.

ajqjjj

hero member

Activity: 1498

Merit: 507

Not your Keys, not your Bitcoin

Quote from: drofroLinden on March 10, 2018, 08:42:21 PM

Yes. I think forkcoin is useless just for earn money. The found make out some " reasons " to fork a coin. But the reasons are bullshit. Just for make money.

It is increasing the block size so many users are easily contact in anywhere and it improves the transaction speed. It is one kind update this is digital world day by day new technology is arrival in the world we should accept the new technology otherwise we cannot survive in the digital platform.

shandi albert

full member

Activity: 308

Merit: 101

FXPay.io

Usually this is done to secure crypto network or adapt to the increasing number of coin users. Usually causes a mismatch between the old version and the new version.

sonphamuser

member

Activity: 322

Merit: 12

Quote from: travelgear17 on March 10, 2018, 05:07:23 PM

The last month has seen a spate of high profile forks, as zclassic (ZCL), eth classic, and litecoin have all split to create new coins. Each of these has a shared history with its parent chain. In the run-up to the fork, many investors bought in hoping to claim their free dividend, or simply to chase the pump expected to push prices higher.
I know now that is one of my coins announces a fork, I'm out.

Humm after Bitcoin hard fork Bitcoin Cash, i have seen many other coin doing the same thing as XVG, NXT, they were pumped many times before the fork time, but now as you see with the case of ZCL, i think you should leave it early

Brothersav

member

Activity: 182

Merit: 10

Quote from: drofroLinden on March 10, 2018, 08:42:21 PM

Yes. I think forkcoin is useless just for earn money. The found make out some " reasons " to fork a coin. But the reasons are bullshit. Just for make money.

Well formed coins are there to improve on existing blockchain. Take eth. It was a fork due to a major security issue. Now etc is left behind. As for bitcoin derivatives you can argue they all improve on something from the original bitcoin chain. However how useful they are depends on if the markets what it. I'll say yes and no to this question. Some forks are needed some forks are pure cash grabs.

drofroLinden

newbie

Activity: 120

Merit: 0

Yes. I think forkcoin is useless just for earn money. The found make out some " reasons " to fork a coin. But the reasons are bullshit. Just for make money.

manoy

newbie

Activity: 7

Merit: 0

Forked coins only makes these developers wealthier,these are just created so they can make millions of dollars out from nothing.Most of these doesnt even resolve the issues of the network and these developer are making it a hobby to fork these stupid and worthless coins.

ashmodeus

hero member

Activity: 1638

Merit: 518

it depends what the forked coins.
basically i dont know what the real reason why they create a fork.
like the new , people call calisto .
forked coins from ETC
its funny considering ETCDEV has NOT been working on that project, they don’t support and don’t endorse it
so , maybe you right , just wasting fo the time.

Topic: Do you think the forked coins are a waste of time? (Read 207 times)