Author

Topic: These forks are ruining Bitcoin (Read 301 times)

sr. member
Activity: 371
Merit: 250
November 12, 2017, 01:52:43 PM
#7
I strongly agree with your statement. Today bitcoin miners are playing a dirty game by switching to BCH mining and leaving bitcoin on its own. The unconfirmed transactions are getting piled up and BCH price is increasing exponentially. The hasrate of BCH is now controlling 65% of the total crypto currency hashrate. The market cap has increased a lot for BCH and we are seeing the adverse effect on bitcoin. The forks are actually ruining bitcoin to its core. If there was no fork, the BCH would have born and we would have a healthy bitcoin price without worrying for it today.

The even worse thing is that they undermining the whole ecosystem. Many could think that if this happens to Bitcoin/BCH it could happen to Ethereum, Dash, Monero or others.
Not all are technical and understand what happens. Not all understand that it's a war of egos and some rich people don't care of logic and reasoning.

More than bitcoin, other altcoins may be affected by these forks too, just like you said here. Imagine one gruop will create fork on litecoin blockchain, or in ethereum blockchain. This would create loss of power for both sides, forkers and holders.

We really doubt how long it will take for the things to get normal again.
soy
legendary
Activity: 1428
Merit: 1013
November 12, 2017, 01:48:28 PM
#6
Bitcoin is evolving and its technology must be able to keep up. Transactions are becoming more numerous every day and the bitcoin protocol meets its limits. It will inevitably have to come back to that one day or another to keep the network going, but I hope that this time things will be more transparent and less hasty. The decision is made by the entire community
full member
Activity: 154
Merit: 100
November 12, 2017, 01:37:12 PM
#5
I am of the same opinion but can it be controlled? Cry
legendary
Activity: 3668
Merit: 6382
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November 12, 2017, 01:33:48 PM
#4
I strongly agree with your statement. Today bitcoin miners are playing a dirty game by switching to BCH mining and leaving bitcoin on its own. The unconfirmed transactions are getting piled up and BCH price is increasing exponentially. The hasrate of BCH is now controlling 65% of the total crypto currency hashrate. The market cap has increased a lot for BCH and we are seeing the adverse effect on bitcoin. The forks are actually ruining bitcoin to its core. If there was no fork, the BCH would have born and we would have a healthy bitcoin price without worrying for it today.

The even worse thing is that they undermining the whole ecosystem. Many could think that if this happens to Bitcoin/BCH it could happen to Ethereum, Dash, Monero or others.
Not all are technical and understand what happens. Not all understand that it's a war of egos and some rich people don't care of logic and reasoning.
sr. member
Activity: 406
Merit: 250
November 12, 2017, 01:30:11 PM
#3
I strongly agree with your statement. Today bitcoin miners are playing a dirty game by switching to BCH mining and leaving bitcoin on its own. The unconfirmed transactions are getting piled up and BCH price is increasing exponentially. The hasrate of BCH is now controlling 65% of the total crypto currency hashrate. The market cap has increased a lot for BCH and we are seeing the adverse effect on bitcoin. The forks are actually ruining bitcoin to its core. If there was no fork, the BCH would have born and we would have a healthy bitcoin price without worrying for it today.
newbie
Activity: 34
Merit: 0
November 12, 2017, 12:12:33 PM
#2
I fully agree !!!

Instead of joining all forces on BTC, to make it something irreversible, this is just child/ego play for greed....and can destroy the whole thing... very sade !
newbie
Activity: 18
Merit: 0
November 12, 2017, 05:54:27 AM
#1
All these 'forks' are just creating chaos and confusion. Bitcoin will never go mainstream if all these stupid forks keep happening.
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