Long term, fork after fork ? | Bitcointalksearch.org

azguard

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Quote from: bitorama on October 27, 2017, 07:23:31 AM

after 1X/2X fork, we don't need a new fork recently

There will be always fork from bitcoin we will witness many more to come from that point with bitcoin gold upcoming who how what when and how many will be there in next future period. Some say that only one remains but my thinking is that we will see every year from now at least two maybe more.

bitorama

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after 1X/2X fork, we don't need a new fork recently

Xavofat

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Did you see that ludicrous display last night?

Quote from: pooya87 on October 27, 2017, 01:58:00 AM

i recently said, there have been 667 forks of bitcoin.

We're referring to specifically the kind of fork which intentionally splits from the BTC blockchain and then markets itself as a Bitcoin alternative (Bitcoin Cash, Bitcoin Gold, SegWit2x), which is "better". That site is counting LTC as a fork, and then counting all forks of LTC as a fork of BTC, but that's not particularly relevant to what we're talking about here.

It's possible that this strain of forks will get a lot bigger over the next year, because they have the power to pressure exchanges. Once there is publicity from a clickbait media outlet, customers start pressuring all the third parties that are storing their coins to give them the new fork, and then that means that all people who hold BTC in these services are made aware of the new fork.

As soon as all of these people are aware of the fork and have the ability to trade it, they are likely to give it an unfairly high valuation even if it's not a well-planned or competently developed fork.

captainhera

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Quote from: lennyk on October 26, 2017, 06:10:29 PM

So what is a reasonable expectation long term with regards to forks and code changes ?
Forks expected every month or two ?

I see that hard fork events are getting more and more free and getting something free from these events free has made the bitcoin value rise as trader wants to own more bitcoin.

Saimabutterfly

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Quote from: Spaffin on October 26, 2017, 11:10:44 PM

As far as I know, the November fork of Bitcoin is designed to reduce the time of bitcoin transactions and reduce the amount of commissions for conducting transactions. If this is so, then this plug will be very useful and will be able to give a push to a sharp increase in the bitcoin rate due to the increase in demand for it.

Sounds interesting to me if this is really true. but what about the miners who mined and help processing all the transactions? cutting thr fee will not be good with them.

Murloc

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Bitcoin still stands on its beta version so you can expect 10 forks per year, why not? As I think people are already not taking them serious (have you seen anyone serious about bitcoin gold? Imagine the situation after another 5-10 forks).

hiVe

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too many fork of bitcoin. dont know why they must do that when bitcoin is too good enough for everyone

pooya87

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Quote from: lennyk on October 26, 2017, 06:10:29 PM

So what is a reasonable expectation long term with regards to forks and code changes ?
Forks expected every month or two ?

when the project is open source and you can simply earn a lot of money by just forking it, that means any idiot with basic programming knowledge is going to fork bitcoin and create some shitcoin and call it a "cryptocurrency", but calling it doesn't make it true ever.

i recently said, there have been 667 forks of bitcoin. what you see these days is essentially the same just a different way of doing an airdrop and it actually makes things harder for users of that coin because of the big bitcoin blockchain! https://bitcointalksearch.org/topic/there-has-been-667-forks-from-bitcoin-altcoins-3-this-month-2292712

squatter

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Quote from: iamTom123 on October 27, 2017, 01:26:32 AM

I am sure that many can be wondering if all of these 'hard forks' can be helping Bitcoin or not especially in the long run. The way I understand is that there is a need for fork because it mean an upgrade for the existing features and capacity of Bitcoin so there is no question that we need them it is just strange for many because we are using the term 'fork' instead of just an upgrade.

I think that the word "fork" helps to indicate the potential for contention and chain splitting. In the software world, a "fork" generally means copying another repository's open source code and changing it -- a new vision, so to speak. That's what is happening with a contentious fork. The difference in Bitcoin is that this also indicates a network split, which also means a currency split. Two forks of Bitcoin with incompatible, live networks means 21 million coins x2.

Fortunately, up to now, there is wide agreement that the legacy chain is BTC (and there is only 21 million of them). But if there is truly widespread disagreement, things could get very messy, with people sending and receiving money on the wrong chains. I'd hardly call that an "upgrade."

iamTom123

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Quote from: joinfree on October 26, 2017, 11:16:26 PM

There will be two more forks before the end of the year, so if you are looking to invest in bitcoin for long term, you should know that there are going to be a few more forks.
There are going to be six hard forks next year, so stay stunned because you are probably going to receive those free coins too. Of course that the forks are damaging bitcoin a lot, but the price will increase a lot because of them, so it is a win-win situation.

I am glad to know in advanced that I would be receiving more free coins next year if those scheduled forks can be categorized as hard forks (meaning that they are contentious unlike the fork we have seen last in Ethereum where all concerns are following the leader in united fashion - no rebels as they say).

I am sure that many can be wondering if all of these 'hard forks' can be helping Bitcoin or not especially in the long run. The way I understand is that there is a need for fork because it mean an upgrade for the existing features and capacity of Bitcoin so there is no question that we need them it is just strange for many because we are using the term 'fork' instead of just an upgrade.

The more there can be altcoins out of the fork the more those altcoins are losing value or excitement...the same thing is not true with Bitcoin though as it remained untouched even if we already have two new coins out of its groin. Well, rather than see new coins out of nowhere why not have it directly from Bitcoin..we might as well consider these new coins as children of Bitcoin.

illinest

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Quote from: Kakmakr on October 27, 2017, 01:03:01 AM

We added 2 new flavours of Bitcoin within a year and this is just the beginning of this new trend to fork the original Bitcoin into some Alt coin. The thing is, this is profitable for early adopters and also a strategy to boost a Alt coin, because it is linked to Bitcoin by name.

Nobody is saying NO to the free coins, so this is not going to stop. There will only be 21 000 000 BTC, but there will be Billions of copy cat Alt coins coming our way.

I definitely see the trend continuing as well. Bitcoin is by far the biggest network, so it's naturally a way to bootstrap use of a new altcoin. But what effect will this have on the markets? Will the forks draw investment money away from Bitcoin (newcomers put money into forks rather than BTC)? Will the forks draw investment money away from altcoins (because people need BTC to get the airdrops)? Both, or something else?

Fundamentally, these forks are good for long term BTC holders, because if they are worth anything at all, BTC holders can liquidate them to accumulate more BTC. In the shorter term, I wonder if they could damage the price of BTC, though. That doesn't mean the price has to go down, either --- just that money is being invested elsewhere instead of BTC.

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We added 2 new flavours of Bitcoin within a year and this is just the beginning of this new trend to fork the original Bitcoin into some Alt coin. The thing is, this is profitable for early adopters and also a strategy to boost a Alt coin, because it is linked to Bitcoin by name.

Nobody is saying NO to the free coins, so this is not going to stop. There will only be 21 000 000 BTC, but there will be Billions of copy cat Alt coins coming our way.

BitcoinHodler

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Quote from: lennyk on October 26, 2017, 06:10:29 PM

So what is a reasonable expectation long term with regards to forks and code changes ?
Forks expected every month or two ?

if you are talking about forks of bitcoin which are code changes, they will happen like before. small changes will go through easily and people will not even notice them like all the small forks that we had so far. and big changes will also happen if they are good like the scaling one with segwit.

if you mean the contentious forks creating an altcoin. then these are not new. and people will always fork bitcoin and create an altcoin out of it. they want more money that is why they do it. and they are too lazy or uneducated to build something themselves.

joinfree

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1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

There will be two more forks before the end of the year, so if you are looking to invest in bitcoin for long term, you should know that there are going to be a few more forks.
There are going to be six hard forks next year, so stay stunned because you are probably going to receive those free coins too. Of course that the forks are damaging bitcoin a lot, but the price will increase a lot because of them, so it is a win-win situation.

Spaffin

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As far as I know, the November fork of Bitcoin is designed to reduce the time of bitcoin transactions and reduce the amount of commissions for conducting transactions. If this is so, then this plug will be very useful and will be able to give a push to a sharp increase in the bitcoin rate due to the increase in demand for it.

wagi

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The long term expectation about fork is the proces of sending bitcoin being quicker and the fee we hope is lower than.
Fork is not always every month, it depends the developer.

SUDARMONO

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many fork forks are popping up here to compensate for bitcoin, but that's not all that much to do with bitcoin, a group of humans want to change but only a few are doomed and human belief in bitcoin is so deep.

squatz1

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See the thing I think you're missing here is that a fork and a code change, aren't things that actually go hand and hand when it comes to Bitcoin. As a fork is just people TRYING to change the code, this doesn't mean they're successful in having the other blockchain actually be followed by people, nor have any community support.

Many forks have happened, but only a few of them have been of real significance and have really had an impact on Bitcoin. So, that's that.

aar

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fork(fork(fork(fork(bitcoin)))) is really the prefork version of the next version

lennyk

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So what is a reasonable expectation long term with regards to forks and code changes ?
Forks expected every month or two ?

Topic: Long term, fork after fork ? (Read 421 times)