Topic: UBTC Unifid Bitcoin (Read 261 times)
I think it's a great idea. Wish I had thought of it. Buy an equal number of coins for each of the forks and tokenize that fund. The price would be an aggregate of all the forks and it would act as a sort of Bitcoin mutual fund. The only thing is that each time there was a new fork you would have to redivide the fund but that wouldn't be very difficult
But how? People have different ideas and more importantly people try to get ahead of others no matter the means.
What's best for you might not be the best for me and vice-versa. It's not something where everyone stands to benefit as much.
Or we wouldn't need/have different countries, laws, languages or even currency at all.
What's best for you might not be the best for me and vice-versa. It's not something where everyone stands to benefit as much.
Or we wouldn't need/have different countries, laws, languages or even currency at all.
What you think is simple, but it's not as simple as you think. Including entities to create a generic value is not possible, but the original can create multiple copies.
One theoretical way to work this out would be to develop from the ground up a "new Bitcoin" that fulfills everyone's requirements and have a fixed date when everyone exchanges to the new coin at ta pre-defined exchange rate for their particular coin.
On the plus side, if you could achieve this and reach consensus you would have a very powerful Bitcoin (both currency and community)
On the down side, you only need to look at a couple of examples of how hard it is to get people to come to an agreement to understand how impractical this might be, and even by some monumental effort you achieved this the next time there was an insurmountable technical problem to be overcome or a choice of solutions to make your new Bitcoin better you very well might end up with a new fork again.
On the plus side, if you could achieve this and reach consensus you would have a very powerful Bitcoin (both currency and community)
On the down side, you only need to look at a couple of examples of how hard it is to get people to come to an agreement to understand how impractical this might be, and even by some monumental effort you achieved this the next time there was an insurmountable technical problem to be overcome or a choice of solutions to make your new Bitcoin better you very well might end up with a new fork again.
When forks cease to bring money, the time of unification will come ... This will also bring money
"forks to bring money" what the hell is that supposed to mean!
they are not supposed to bring in money. have you read the answers and also that link Emoclaw gave you?
what you are calling "fork" is not a fork. it is a shitcoin like many others that gives money to some and takes money for some others.
if you want to take that approach then there are much easier ways of doing it, like creating an ICO!
Why do not you consider the option of buying out each fork,UBTC in different proportions ?
The idea is simple and at the same time grandiose:
Combine all the forks of bitcoin and create a single coin!
? ? ?
Who, what thinks on the topic?
It appears that you lack a fundamental understanding of how Bitcoin and forks work. Combine all the forks of bitcoin and create a single coin!
? ? ?Who, what thinks on the topic?
I'd suggest you do more research on Bitcoin & blockchain technology.
Start here:
https://bitcoin.org/en/faq
https://blog.coinbase.com/what-is-a-bitcoin-fork-cba07fe73ef1
In a few words, what you said is technically infeasible because forks don't work that way.
Creating a new fork that combined all previous forks would have potentially catastrophic results because the solutions said forks propose would conflict with each other.
When forks cease to bring money, the time of unification will come ... This will also bring money
* forks that you hear about are either for fixing an issue, like the hard fork that happened in Satoshi era when some bug caused an invalid block be mined with a huge reward.
* or they are to improve or add a feature to bitcoin such as the SegWit fork or the fork to enable multisignature transactions.
neither of these two can be "combined" in one fork. they happen gradually and as future time demands them.
* forks that others do to make an altcoin. such as the hundreds of forks from bitcoin that created altcoins. even the Bitcoin Cash, Bitcoin Gold and possibly lots of others in the future.
these forks are also not "combine"-able in one fork. people do them on their own to make a new altcoin with different purposes. sometimes it is to explore new possibilities (such as Litecoin,...) sometimes it is just to make money or even attack bitcoin (like bitcoincash)
* or they are to improve or add a feature to bitcoin such as the SegWit fork or the fork to enable multisignature transactions.
neither of these two can be "combined" in one fork. they happen gradually and as future time demands them.
* forks that others do to make an altcoin. such as the hundreds of forks from bitcoin that created altcoins. even the Bitcoin Cash, Bitcoin Gold and possibly lots of others in the future.
these forks are also not "combine"-able in one fork. people do them on their own to make a new altcoin with different purposes. sometimes it is to explore new possibilities (such as Litecoin,...) sometimes it is just to make money or even attack bitcoin (like bitcoincash)
The idea is simple and at the same time grandiose:
Combine all the forks of bitcoin and create a single coin!
? ? ?
Who, what thinks on the topic?
Combine all the forks of bitcoin and create a single coin!
? ? ?Who, what thinks on the topic?
Jump to: