Topic: Don't you think the BTC forks are making the Bitcoin ecosystem more chaotic? - page 2. (Read 1020 times)
October 12, 2017, 12:00:50 PM
I agree BTC forks make the Bitcoin ecosystem more chaotic than ever and it can’t be controlled. everyone can do it and no one can forbid them to do so. they are overwhelming and they are competing to be the best that make investors confused to whom they choose to invest their assets.
October 12, 2017, 11:56:05 AM
yes, this make investors confused to whom they choose to invest their money, but this shows the high spirit of developing Bitcoin because they take the initiative to make their own hard fork and add new features that will indirectly affect the Bitcoin Core development by their idea, this is unstoppable and also a good thing.
October 09, 2017, 09:26:44 AM
I think that they are just getting into the hype right now. The hype right now is about the airdrops and creating different kinds of coins and that is why there is an another fork for bitcoin which be called as bitcoin gold and it is more on airdrop rather than an improvement for bitcoin and that is why it is kinda blessing for us bitcoin holders and i don't have any complains with it.
October 09, 2017, 04:27:03 AM
Yes, initially, the are making the ecosystem chaotic but this actually strengthens Bitcoin as it figures out new ways to adapt of the attacks. The price reflects these copy cats.
I agree, the repeated takeover attempts make the network more resilient. However, I don't think the Segwit2x fork has any precedent. This one -- for now, anyway -- appears to be backed by major exchanges like Coinbase and Bitflyer, payment processors like Bitpay and wallet providers like Blockchain.
It's serious business, and if it's backed by a majority of the hashrate, then SPV wallets will follow their chain, too. There is no replay protection, so it could get very messy. There's still time for the companies/miners to back down or for replay protection to be added, though.
October 09, 2017, 03:46:05 AM
Well if you ask me about this, no. BTC forks are just an alternative coin but it is based on bitcoin that is why it is connected to it. It is not really chaotic at some point. This ecosystem you are talking about is that pure of business minded people. SO it is all about business.
October 09, 2017, 03:31:50 AM
There are always those who think they can do something better than the original,in these case some new BTC,but as we can see it is almost impossible to make some new coin better then we have now.It it just a way for some quick profit as in the case of last bitcoin cash fork,and probably it will be with
forthcoming bitcoin gold.They are/will be just two more altcoins in a sea of hundreds of others.For the new people who meet for the first time with bitcoin it may look like chaotic on first sight,but with a few searches on the internet I think it will be easy to understand what the real thing is.
However beside new coins fork will bring upgrade of network in a way to increase block size from 1MB to 2MB,it is a something that has long been expected,faster transaction/less fees/price go up/everyone's happy
forthcoming bitcoin gold.They are/will be just two more altcoins in a sea of hundreds of others.For the new people who meet for the first time with bitcoin it may look like chaotic on first sight,but with a few searches on the internet I think it will be easy to understand what the real thing is.
However beside new coins fork will bring upgrade of network in a way to increase block size from 1MB to 2MB,it is a something that has long been expected,faster transaction/less fees/price go up/everyone's happy
October 09, 2017, 12:51:53 AM
Yes, these guys give us a pain. Every other community member is pissed off and wants to spin his own coin. They should atleast not have bitcoin in their name
No fork will affect the bitcoin so don’t worry about the prices it will go down a bit will come back soon those who are saying that it is dead bitcoin will not die until there is no internet or any human on earth, and advise to the new investor is stay calm and hold the coin in these days everything will be alright and future will be good. October 08, 2017, 04:11:41 PM
Yes, initially, the are making the ecosystem chaotic but this actually strengthens Bitcoin as it figures out new ways to adapt of the attacks. The price reflects these copy cats.
October 08, 2017, 12:28:47 PM
Not really. There are tons of altcoins and tokens coming out every day now. A fork here and there does not do much.
October 05, 2017, 09:55:41 AM
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 personally don't think that the Bitcoin forks are making the ecosystem more chaotic. However for new users it might be confusing on what's considered the "real" Bitcoin. After the Bitcoin Cash fork, people still used Bitcoin and Bitcoin still thrived. I don't think the new fork will make any coin obsolete, at least not right away.
October 05, 2017, 09:44:25 AM
Who don't want BTC succed they know they can't stop it or kill it. So I guess the only thing they can do it's to fork it, create confusion to make people don't trust it.
About LTC I don't see which future can have... With segwit adopted and LN if this finally fix scalability and fees so BTC can be used daily LTC won't make sense as until know just looks like a testnet doing upgrades before they apply to BTC.
About LTC I don't see which future can have... With segwit adopted and LN if this finally fix scalability and fees so BTC can be used daily LTC won't make sense as until know just looks like a testnet doing upgrades before they apply to BTC.
October 05, 2017, 09:23:57 AM
Fortunately there is free market and people are free to do forks, but ultimately it looks minor on what it aggregates to the crypto world, there is a lot of major innovation and advances on the field going on out there and this forks despite offering more options are essentially low on features and as a fork no advances despite tunning on the mining side. And with all that forks replay attacks are making it a lot more insecure to use it.
October 05, 2017, 08:42:26 AM
Yes, these guys give us a pain. Every other community member is pissed off and wants to spin his own coin. They should atleast not have bitcoin in their name
October 05, 2017, 08:13:54 AM
I agree to everyone. Why would they name it before bitcoin if these coins will be considered as altcoins too. Bitcoin will always be the dominant one here. If they would want something that will be more popular than bitcoin then create a new one that is totally not from bitcoin. This is just confusing more and more users. Too many altcoins may be profitable but will also depend on bitcoin itself.
October 04, 2017, 03:24:58 PM
I agree that fork makes bitcoin destroyed, and investors are confused to choose which coin to invest, and I do not understand what this cloth offers ,,, I conclude that fork only makes weak bitcoin and disturbs the bitcoin value so can also eliminate the confidence of investors ,,
This is so easy for coin to understand the people know what is better for the good invest there are many crypto coins but you need to look which is better coin and study global media what they says now this time bitcoin are very useful and people believe to invest in bitcoin 
October 04, 2017, 01:05:41 AM
I agree that fork makes bitcoin destroyed, and investors are confused to choose which coin to invest, and I do not understand what this cloth offers ,,, I conclude that fork only makes weak bitcoin and disturbs the bitcoin value so can also eliminate the confidence of investors ,,
October 04, 2017, 12:35:51 AM
It could bring chaos but I do not see any reason why it should. Fork is usually for the greater good and to make things even better. With the August 1 fork and how it all went, I still do not expect any subsequent fork to cause chaos unless some people just love chaos naturally. It can be a smooth process if no FUD is created and having some additional coin for profit, well, is good enough! Just look at the brighter side.
October 04, 2017, 12:31:30 AM
It is a fight for survival for some developers at this moment. They are fighting to be on top and to be in charge of the most disruptive technology that has ever been seen in the financial world. The power and influence is addictive and people like Gavin had a taste of that and wants more.
You will see a lot more forks in the future and the community will be divided even more. Looks like these developers would settle to rule over a smaller piece of the bigger pie, but they have to feature somewhere.
You will see a lot more forks in the future and the community will be divided even more. Looks like these developers would settle to rule over a smaller piece of the bigger pie, but they have to feature somewhere.
October 04, 2017, 12:21:24 AM
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?
Your question was off the topic. We've been talking about BTC then you're asking about LTC? LTC doesn't have to do with BTC because they are of different network. Well, going back to the topic, BTC forks doesn't really make bitcoin chaotic. Just look at the first btc forking and the creation of bitcoin cash. It didn't really make any bad thing on btc. In fact, btc has been on a stable growth do far. That's not a problem for me if I am to be asked. And the forthcoming SW2X is making a new puzzle.
BTW.
Question: Will the silver LTC gradually die after SW2X?
October 04, 2017, 12:16:04 AM
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?
Question: Will the silver LTC gradually die after SW2X?
I don't understand why would anyone can be confused as they have different names and the other is always considered to be an altcoin. Only Bitcoin will be Bitcoin now matter if another coin can be taking the word 'Bitcoin' as part of its name. We already have BitcoinCash and there is no confusion about it.
The thing is that maybe you -- as well as many of us -- can be concerned that this coming hard fork is the second time that a daughter (or you can also say son) is coming out of Bitcoin all because those who are granted the power to decide could not decide as one community resulting into a system called as 'hard fork'.
Well, we already know what happened in August so mostly it would be the same and the market will not anymore be reacting that much to the deluge of FUD especially days into the scheduled hard fork. This is what can happened if a certain community could not get 100% unity and support on a single direction the cryptocurrency should be going and when there are business interests taking the center stage.
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