Topic: How Many Bitcoin Forks Are There? You will be surprised!!! (Read 2586 times)

Exactly. It's pointless to have so many forks bearing the "Bitcoin" brand/name. Anyone can simply use BTC's testnet or create a private blockchain out of BTC to develop and test new features. What I've seen is that developers are creating Bitcoin-based forks with the purpose of getting rick quick. After BCH went successful giving away free coins to BTC holders, developers in the crypto/Blockchain space took the opportunity to create more BTC forks to earn a lot of money in an instant. But at the end of the day, coins with no purpose in life (especially those that are direct clones of Bitcoin) will go down the drain in terms of price and mainstream adoption.

As far as Bitcoin forks go, only Bitcoin Cash will be able to survive in the long term. That's because it was the very first direct fork of Bitcoin which started this craze. Besides that, development and innovation on BCH is on-going. Day by day, BCH differences itself from the original Bitcoin blockchain in terms of scalability and features. It has the same supply and block time as Bitcoin, but it's scalable "out of the box" without any additional layers whatsoever. Both chains (BTC and BCH) could be tested over time, in order to determine which is the best scaling path forward for the Bitcoin protocol. The one that turns out to be the most decentralized, will mostly likely win in the long run. And so far, Bitcoin has been doing a great job by taking the "off-chain" scalability approach to preserve decentralization as much as possible. Just my opinion

Just only differentiating between numbers then its no surprise that ICO and IEOs would really have much more focused when it comes to marketing and Bitcoin doesnt really need that at all.

We have seen lots of forks but those are just meaningless things.Bitcoin does have it all, there might be some lacking on feature but doesnt mean that it would be simply being patched up neither by a

forked coin itself or in most alt coins in the market which do always target out to be on the top of the chain.

If we look at the issue in a philosophical way, most cryptocurrencies are forks from Bitcoin, the more after these forks Bitcoin code and more details are added to it the more stable it is like ETH.

As for the thorns, which are from lazy programmers who amend one or two details, they will end with the death of them. you can find that most of bitcoin hardforks are useless.

Hardfork is a way to earn fast in short time.

People don't aggressively market bitcoin because there aren't any affiliate marketing plans involved in bitcoin. As people are paid to market other new ICO and IEO so they market those projects and earn money from them, whereas those people who watch the content on the marketer's channel are the ones that loose money in the process of buying that token and not bitcoin. I guess there should be campaigns to promote bitcoin also as it will prevent many scams from happening to the newbies.

Not really. After all, they're usually piggybacking off some existing blockchain, like the ERC-20. Why learn about Bitcoin through a shitcoin (and probably lose money in the process) when you could just start off with Bitcoin itself?

This is a helpful posts that is suggested if you want a good read or good knowledge about Bitcoin's time frame. We can see that even though Bitcoin was good, developers knew that it was not good enough so they have established or created forks which is actually good to spread the volume.

This is really a good read for those who are new and those who are veterans who lacks knowledge about the main Bitcoin. Thank you for the good posts.

Direct clones of Bitcoin will tend to be useless in the long run. They're only created by their developers in order to serve as quick money grabs rather than being serious cryptocurrencies for mainstream payments. As you've said earlier, Bitcoin Cash is the most successful of all Bitcoin forks (clones) out there on the market. With it, people can choose from one chain to another. Those who prefer true decentralization/censorship-resistance will choose Bitcoin even if transaction speed is low and fees are high. Others who prefer quick payments at a fraction of the cost will simply choose Bitcoin Cash on top of the original Bitcoin (BTC). The rest of the forks will simply die in the long run, as no one is interested in many copies of Bitcoin.

Nonetheless, original projects are the ones that will thrive in the long run no matter what. Despite Bitcoin's "flaws", it's still alive and running after all these years. People value it because it's the most decentralized cryptocurrency in the world. It's not about which features or tech you can provide to a cryptocurrency project, but rather how useful you can make it for everyday people. With an ever-growing ecosystem of developers, businesses, and applications alike, Bitcoin is here to stay for a very long term. The same thing will happen with Bitcoin Cash. As far as other useless forks go, they may die in the long run but the open source nature of crypto and Blockchain technology allows anyone to build something new from defunct projects. The more coins there are on the market, the better it'll be for the advancement of Bitcoin and Blockchain technology. But ultimately, one cryptocurrency will win. And that cryptocurrency will be Bitcoin. Just my opinion

None of them had good reasons to clone Bitcoin, in a short answer. Bitcoin Cash is the most successful among the more than hundreds clone coins.

From that list and from the list of ETH forks, you can get your lesson that any coins clone the original coins should be considered as lower quality one (or zero?) and you should never put all your belief and capitals in clone coins. If you invest in clone coins, and see opportunities to get good profits, do it ASAP before it is too late for you to get profits and at worse get your capital back. If you are too late, you will end with losses.

How many of them had good reason to do fork? Only first 3? Others just decided to get free money during hype?

As for a basic google search, there are 74 active projects bitcoin forks project and 31 are historic that is no longer existing up to date, so there are 105 bitcoin forks. To be honest I only know bitcoinn cash, bitcoin Satoshi Vision and bitcoin diamond these forks are the only pricy forks of bitcoin that I know. And I also believe that MOST of other forks are heavily manipulated just to exist and attract investors. Can't blame bitcoin for being the king, there are more of forks coming.

I am among those who are not surprised by the many bitcoin forks, because I have predicted there will be a lot of bitcoin forks.
Because bitcoin is open source so it's only natural that in the future there will be more bitcoin forks. Which makes me disappointed
bitcoin forks most are shitcoins, only a few are profitable. My advice is do an analysis and research before investing in bitcoin forks.

Roger Ver believes that it's the real path of Bitcoin to be like "cash" because it was Written By The Hand Of Satoshi in the White Paper, without considering the externality costs of increasing the block size.

People are really funny. So I’m wondering, those that caused all these fork what exactly are they gaining from it, or did they think that a copy of Bitcoin can overtake the original copy? This is complete stupidity and if there’s anyone that chose to invest in these trash, then I really don’t know what to say them. Going from the names they are answering, it doesn’t even seem any good, they are all answering dumb and stupid names.

By looking at them, it looks their creators didn’t even put any thought into it, they just named it whatever came to their mind. What a dumb approach? Both BCH and BSV are alone having somehow decent value so far unlike most other forks but not sure how these to also going to suffer in near future when most people will prefer only bitcoin. I guess at least here after people might learn the lesson for wasting all their resources in the attempts of forking bitcoin.

How many so far are still active in the market? I think only few of them have real active trading going on. Most of them are just manipulated by the corresponding devs of the project to keep them alive in the exchanges.

Good job @OP,
In my own idea, Since bitcoin project is open source and available on GitHub for everyone, anyone with some blockchain development knowledge and some C++ programming skill and create a bitcoin fork. Soon, in near future we will see thousands of forks. Regarding your list, we know BCH as the most famous and well known fork. But, in the other hand, forks in your list are currently inactive. I think in 2017 many forks happened after the bull run mostly because the bitcoin getting more famous in the word.

Then that might represent its own problems, for example if I have proof for legal ownership of my coins attached to a private key, I can send those coins to Craig Wright, and tell the police that Craig Wright stole it from me, to get my coins back.

   I am surprised! I knew there are many Bitcoin forks, but I didn't know there are so many of them. Thanks for
sharing this list, it's interesting to see all those forks at one place. Some of the names are very imaginative, I
got to admit I heard for maybe 10 Bitcoin forks, all others are unknown to me.
   What you think are people done with Bitcoin forking, or we will see new forks in the future? And also how
potential this forks are?

Keys matter only if u can proof u own them rightfully - so using stolen keys is not working (compliant) - u don't own those bitcoin

so signing only makes sense (legally) once you have ownership attached - like for eSignatures

We could agree, BitCoin was built for micro-pay , cause here : not much care

Can you, or anyone, give me the full context of the video in this tweet? Because I don't know if he's actually serious, or just flat-Earthing again. Or he is flat-Earthing-serious?

https://twitter.com/bitcoinmemehub/status/1270914358038552576

Thanks for sharing. It´s actually pretty insane that there are so many using a system that is proven of not being the best out there.