Topic: Don't you think the BTC forks are making the Bitcoin ecosystem more chaotic? (Read 1020 times)
October 13, 2017, 10:40:05 PM
I think yes because like on my question to myself.. what is the reason of the forks and why the forked coin are just going down and it is like being another type of garbage coin in the market and it will die. Hard forks are not good because it is just creating another forked coin that resulting other people to think that bitcoin is suspicious.
October 13, 2017, 09:03:40 PM
I think yes, the bitcoin split is sure to cause more and more confusion. But is it the responsibility of bitcoin itself? It is clear that the global desire to blackmail the child of bitcoin is to blame.
October 13, 2017, 08:50:48 PM
Yes, I do agree. I consider coins released as alternatives that are same as any coins made before. There are plenty of coins at present and they just contribute to less trust in them. They are just like networking. Image of scam. Yes it do provide income when it comes to coins from ICOs but still the is no sure value for it of if you can exchange your coins effectively.
The fear of wasting time for worthless coins is very relevant today. And I think new coins are the open window for different scams and illegal exchanges.
The fear of wasting time for worthless coins is very relevant today. And I think new coins are the open window for different scams and illegal exchanges.
October 13, 2017, 02:05:55 PM
Bitcoin Cash really confused me at which is the real BTC.
And the forthcoming SW2X is making a new puzzle.
And the forthcoming SW2X is making a new puzzle.
Sure it is. And if it confuses people here on forum which are mostly tech savvy, one can only imagine what effect must this have on the average non tech investor. Let's hope that November fork doesn't do any real damage to the bitcoin.
October 12, 2017, 05:11:39 PM
Bitcoin Cash really confused me at which is the real BTC.
And the forthcoming SW2X is making a new puzzle.
And the forthcoming SW2X is making a new puzzle.
Sure it is. And if it confuses people here on forum which are mostly tech savvy, one can only imagine what effect must this have on the average non tech investor. Let's hope that November fork doesn't do any real damage to the bitcoin.
October 12, 2017, 04:28:20 PM
Bitcoin Cash really confused me at which is the real BTC.
And the forthcoming SW2X is making a new puzzle.
BTW.
Question: Will the silver LTC gradually die after SW2X?
And the forthcoming SW2X is making a new puzzle.
BTW.
Question: Will the silver LTC gradually die after SW2X?
I think yes. Bitcoin fork is not good effect for whole crypt market.
because surge it mades is just speculative.
October 12, 2017, 04:16:04 PM
Well, believe it or not there is something not right with the idea of generating loads of free money from non-useful coins. This is the only part of Cryptocurrency that I don't like at all.
I guess for crypto to be valued very much, it shouldn't be too easy to produce.
Could be abused in the long run? Hopefully they find ways to fix this.
I guess for crypto to be valued very much, it shouldn't be too easy to produce.
Could be abused in the long run? Hopefully they find ways to fix this.
Of course is not right. But fortunately just by launching 100 coins it doe not mean that a certain x amount of value will be generated.
Let's take for example Bitcoin cash. It was supposed to be the real bitcoin but the price is getting down, mainly because all the confidence in the project is being drained away and people are realizing there is nothing special about it anyway.
With bitcoin gold the revelation will be a lot faster and the dump will probably send the coin to doge level.
It has no real backers and it has pretty much 0 real developers and nobody accepting it.
So the "free money" will be a lot less than with the other.
And with the third fork probably there will be none as we will all get bored with them.
Secondary, those are not really free money those are money put there by "investors".
Indeed the market cap might jump but if there is nobody putting money in it (asking for coins) then there is no price.
If everybody will remove their bids from bitcoin cash one single sell will drop the market cap from 5 billions to 0.
October 12, 2017, 03:53:30 PM
Litecoin is the original and shittiest fork.
Maybe so, but it's very much entrenched among cryptocurrency traders/exchanges and also seems to function as a test bed for Bitcoin development (or at least the most prominent one). I used to think LTC would die, but it never does, and I've come to terms with that.
Yes and its whats causing the massive spikes we keep seeing the last few weeks. people are encouraging others because of the bitcoin gold that you could get after the fork and that could be worth a little.
I don't even think there is a wallet available yet. Nor the code, and no word on replay protection. Thus, no way it can be added to exchanges near the time of the fork. This launch doesn't seem to be going well, but I suppose there are 2 weeks left.
October 12, 2017, 03:17:24 PM
Bitcoin Cash really confused me at which is the real BTC.
And the forthcoming SW2X is making a new puzzle.
BTW.
Question: Will the silver LTC gradually die after SW2X?
And the forthcoming SW2X is making a new puzzle.
BTW.
Question: Will the silver LTC gradually die after SW2X?
You are confused because you are a newbie but I can honestly say that even me is not so aware of what is happening in the technical side of Bitcoin as I am not an expert with it but what I only understand is that there is an original Bitcoin that must be trusted and supported by us who uses it and believe to its future as a revolutionary digital currency.
To answer you question about LTC if Bitcoin will be implementig Segwit2x you better go to this thread https://bitcointalksearch.org/topic/theymoss-list-of-altcoins-with-some-technical-merit-2095328 and maybe you will be enlighten.
October 12, 2017, 03:01:59 PM
Well, believe it or not there is something not right with the idea of generating loads of free money from non-useful coins. This is the only part of Cryptocurrency that I don't like at all.
I guess for crypto to be valued very much, it shouldn't be too easy to produce.
Could be abused in the long run? Hopefully they find ways to fix this.
I guess for crypto to be valued very much, it shouldn't be too easy to produce.
Could be abused in the long run? Hopefully they find ways to fix this.
October 12, 2017, 02:40:08 PM
Bitcoin Cash really confused me at which is the real BTC.
And the forthcoming SW2X is making a new puzzle.
BTW.
Question: Will the silver LTC gradually die after SW2X?
Bitcoin will always be the real bitcoin, bitcoin cash will always be the real bitcoin cash, nothing will ever change, not even the fork itself, its not even confusing.And the forthcoming SW2X is making a new puzzle.
BTW.
Question: Will the silver LTC gradually die after SW2X?
The reason why bitcoin ecosystem is so chaotic might be that some investors are selling the altcoins for bitcoin, so that they can claim bitcoin gold, the value might continue increasing within the next few days.
October 12, 2017, 02:38:01 PM
Other altcoins doing the hard forks as well. Its necessary mechanism to upgrade things, nothing is perfect from the first day. Its going to split Bitcoiners a bit, but its fine, with current Bitcoin capacity and high fees you cant use Bitcoin much anyway, so losing some users might be helpful to release the pressure on the Bitcoin fees.
October 12, 2017, 02:23:12 PM
I think they do and to a newbie it's already one big chaos out there. So many wallets, altcoins, scammers. The questions keep piling up.
Will my exchange give me the forked coins? Will my wallet give me access to it? Is that new wallet that gives you forked coins reliable or maybe it's a malware that will steal my Bitcoins? It was like that at the last fork and we can expect it to repeat over and over.
Will my exchange give me the forked coins? Will my wallet give me access to it? Is that new wallet that gives you forked coins reliable or maybe it's a malware that will steal my Bitcoins? It was like that at the last fork and we can expect it to repeat over and over.
October 12, 2017, 02:18:21 PM
All these forks really ruining bitcoins reputation and if it goes like this, they will be the cause of bitcoins destruction. Bitcoin gold is another scam fork and you can read all the details below. People need to see the truth.
https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/
https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/
Interesting. looks like hes implying that the coin has been pre mined and the blocks will drop by 16k when they do the hard fork. Real shady if true.
October 12, 2017, 02:13:29 PM
All these forks really ruining bitcoins reputation and if it goes like this, they will be the cause of bitcoins destruction. Bitcoin gold is another scam fork and you can read all the details below. People need to see the truth.
https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/
https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/
October 12, 2017, 02:05:19 PM
Yes and its whats causing the massive spikes we keep seeing the last few weeks. people are encouraging others because of the bitcoin gold that you could get after the fork and that could be worth a little.
October 12, 2017, 02:04:35 PM
I think it is maybe a colateral between controlled supply Vs crescent demand ...
https://en.bitcoin.it/wiki/Controlled_supply
The higher we get on the supply curve point .. more breakdown, splits etc we will observe ..
https://en.bitcoin.it/wiki/Controlled_supply
The higher we get on the supply curve point .. more breakdown, splits etc we will observe ..
October 12, 2017, 01:36:13 PM
Litecoin is the original and shittiest fork.
October 12, 2017, 01:17:04 PM
people need to learn to ignore the shitty forks. Anybody can make a fork, no reason to fight it. When most of the users will ignore it, the forks will stop.
October 12, 2017, 12:04:33 PM
for now fork may cause chaos but this should only happen in a moment and make the newcomers confused or even afraid to continue investing. but so far I have seen Bitcoin is stronger even tho had fallen by some issues.
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