There has been 667 forks from bitcoin (altcoins), 3 this month

centralbanksequalsbombs

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Quote from: metenjean on November 30, 2017, 05:30:29 AM

Its just derivatives from bitcoins, altcoins keep popping everyday and its not suprising if there was 667 forks from bitcoin. What doesn't make sense is why there are still people going to invest a lot of money in the forks, eventhough knowing that kind of project won't have a bright future ahead Roll Eyes

LOL - exactly. People get disillusioned with silly ideas of outsized gains....which...could have a minute chance of happening....like 1 in 30 coins can go up like crazy....and when that happens, the disillusions continue to grow and are reinforced with those people.

metenjean

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Its just derivatives from bitcoins, altcoins keep popping everyday and its not suprising if there was 667 forks from bitcoin. What doesn't make sense is why there are still people going to invest a lot of money in the forks, eventhough knowing that kind of project won't have a bright future ahead Roll Eyes

centralbanksequalsbombs

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Quote from: mrayazgul on November 26, 2017, 11:37:04 AM

Oh my God, 667 forks and we didn't notice it. But i am surprise these forks doesn't effect on bitcoins instead the price increase. We should not disappoint when fork appeared there's nothing wrong with bitcoins its make btc perfect lets buy again. Also if the price fell down temporarily because of these forks then it means it is again good time to buy bitcoins at a lower price.

Uh yes, how else did the hundreds upon hundreds of other altcoins come about after Bitcoin?

mrayazgul

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Oh my God, 667 forks and we didn't notice it. But i am surprise these forks doesn't effect on bitcoins instead the price increase. We should not disappoint when fork appeared there's nothing wrong with bitcoins its make btc perfect lets buy again. Also if the price fell down temporarily because of these forks then it means it is again good time to buy bitcoins at a lower price.

centralbanksequalsbombs

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Quote from: pooya87 on October 19, 2017, 11:56:06 PM

i just found a very interesting website (http://mapofcoins.com/) which has interesting information about forks from different cryptocurrencies.
the bitcoin fork map (http://mapofcoins.com/bitcoin) specially took my attention.

according to this site there has been 667 forks in total, 3 of which belong to this month alone.

you can click on the names of these coins and see the code and their website. a lot of them didn't even bother making more than 20 commits in years! or even change anything meaningful when they fork!

Why is everything just making bitcoin stronger?

Why don't all the attacks work to destroy bitcoin?!

BY_ATOM

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Nonsense. The meaning of these forks there's someone quick slashed the dough and all. Do not replace the cue ball and replace it with nothing.

gabbie2010

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It is high time a regulating body should be set up to monitor all these ICOs, every Tom,dick and harry now has forked out their own ICO to attract investors and the end they will not see the light of the day.
A drastic step should be taken to curbs all these excesses this will discourage new fake ICOs.

Pinoccio11

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Quote from: pooya87 on October 19, 2017, 11:56:06 PM

i just found a very interesting website (http://mapofcoins.com/) which has interesting information about forks from different cryptocurrencies.
the bitcoin fork map (http://mapofcoins.com/bitcoin) specially took my attention.

according to this site there has been 667 forks in total, 3 of which belong to this month alone.

you can click on the names of these coins and see the code and their website. a lot of them didn't even bother making more than 20 commits in years! or even change anything meaningful when they fork!

And what exactly this amount will give me, that the coin is unstable and that's it. The main thing is at what level it makes drawdowns and ups, and whether it is worth the money invested. Now every coin for a year makes a lot of forks, otherwise, such a coin, which stands in one place.

TagaMungkahi

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Great Website!, Thanks pooya87 . Interesting Graph, The Graph looks beautiful. In this case a lot of coins are now identified as defunct. At the end of the day it's still the community as a whole to decide what coin will stay. BTG and BCH followers should look on that website.

Kakmakr

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The majority of these forks end up as a Scam coin and gets booted to the dustbin of dead Alt coins. The developers of these coins just copy&paste without making any real changes to the code, so they add no value to Crypto currencies. As long as this is profitable for scammers to do, then they will do it.

They will even use Bitcoin as a prefix to their name, like Bitcoin Cash or Bitcoin Gold. ^hmmmmm^

centralbanksequalsbombs

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Quote from: NorrisK on November 02, 2017, 02:15:20 AM

Anybody can fork bitcoin at any time as the code is opensource.

If you want a fork like bitcoin cash or the upcoming one, you need community and miner support, else the coin will simply left to die.

Market forces....beautiful.

centralbanksequalsbombs

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Quote from: TastyChillySauce00 on November 02, 2017, 02:10:01 AM

Quote from: Youghoor on October 25, 2017, 03:46:27 PM

This is amazing, but they were different forks because we did not receive them on our wallets just like it happened with the last two forks (bitcoin cash and bitcoin gold) because they were instantly credited on our wallets. And Litecoin is just a copy of the code of bitcoin, that is not exactly a hard fork or just a fork of bitcoin, because it is a clone.
The same with the other alts, i have never heard about them, not even seeing them listed in somewhere.

I guess, majority of those forked coins, come from unpopular devs, bitcoin allow everyone to modify its source code and release by their own because it's open source. But the thing is, how to bring people to use their forked coins after succesfully deploying a forked coins.
That's why vast majority of all those forks becoming either useless or unpopular. The airdrop that happen from bitcoin cash and bitcoin gold, mainly because they want to make the circulating coins the same as bitcoin so they airdrops in 1:1 ratio. Also, those two are popular forked coins.

Yup, those altcoins introduce an unfair distribution model that is not desirable nor fair for investment. Whether its through initial coins, or premine, or having a headstart in having a big part of hashing with mining equipment at the start or geographically concentrated in one/two countries.

NorrisK

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Anybody can fork bitcoin at any time as the code is opensource.

If you want a fork like bitcoin cash or the upcoming one, you need community and miner support, else the coin will simply left to die.

TastyChillySauce00

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Quote from: Youghoor on October 25, 2017, 03:46:27 PM

This is amazing, but they were different forks because we did not receive them on our wallets just like it happened with the last two forks (bitcoin cash and bitcoin gold) because they were instantly credited on our wallets. And Litecoin is just a copy of the code of bitcoin, that is not exactly a hard fork or just a fork of bitcoin, because it is a clone.
The same with the other alts, i have never heard about them, not even seeing them listed in somewhere.

I guess, majority of those forked coins, come from unpopular devs, bitcoin allow everyone to modify its source code and release by their own because it's open source. But the thing is, how to bring people to use their forked coins after succesfully deploying a forked coins.
That's why vast majority of all those forks becoming either useless or unpopular. The airdrop that happen from bitcoin cash and bitcoin gold, mainly because they want to make the circulating coins the same as bitcoin so they airdrops in 1:1 ratio. Also, those two are popular forked coins.

Bitcoin_BOy$

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More than 70% of those forked coins are no more working, defunct. For changes developers must dig into the source code, and invest a lot of time! and create something that is a copy and can't return any revenue.

centralbanksequalsbombs

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Quote from: Youghoor on October 25, 2017, 03:46:27 PM

This is amazing, but they were different forks because we did not receive them on our wallets just like it happened with the last two forks (bitcoin cash and bitcoin gold) because they were instantly credited on our wallets. And Litecoin is just a copy of the code of bitcoin, that is not exactly a hard fork or just a fork of bitcoin, because it is a clone.
The same with the other alts, i have never heard about them, not even seeing them listed in somewhere.

For your information, many of the hundreds/thousands of crypto currencies are listed here:
https://coinmarketcap.com/

centralbanksequalsbombs

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Quote from: rivercityjon on October 23, 2017, 02:42:29 AM

I'm looking at that website from a developer perspective and I have a headache lol... it is a neat visualization though.

LOL - this made me laugh.

Youghoor

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This is amazing, but they were different forks because we did not receive them on our wallets just like it happened with the last two forks (bitcoin cash and bitcoin gold) because they were instantly credited on our wallets. And Litecoin is just a copy of the code of bitcoin, that is not exactly a hard fork or just a fork of bitcoin, because it is a clone.
The same with the other alts, i have never heard about them, not even seeing them listed in somewhere.

LFC_Bitcoin

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Quote from: eckmar on October 22, 2017, 12:50:12 PM

Looking at this information, It just confirms that coins like Bitcoin Gold and other BTC forks wont succeed in long term. No one cares about forks.

All they’re good for is a bit of free money for those holding bitcoin. None of these shitcoins will ever succeed long term.

JohnnyNnex

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Wow, that's way tto many! What was the original Bitcoin before the first fork I wonder

Topic: There has been 667 forks from bitcoin (altcoins), 3 this month (Read 816 times)