Topic: What is bitcoin fork ? Why do forks happen? (Read 231 times)

Another useless shitpost.

its due to that people have different opinions on how to deal with the problems bitcoin face with, and its hard to make everyone get the same point since different people have different profits, then the split comes, its bitcoin fork

No.

No.

No, stop shit posting.

No, this is very logically incoherent and outright false. a) It is an upgrade for Bitcoin. XOR b) It is an altcoin. There is no "bcash is a Bitcoin with a different path". It is not, has never been, and never will be Bitcoin.

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Ignore propaganda like this: https://www.bitcoin.com/info/bitcoin-cash-is-bitcoin.

https://www.reddit.com/r/Bitcoin/comments/76wpo0/probably_the_most_deceptive_bit_of_propaganda_yet/

I'm not a tech expert, so this is what I kno on the subject. A fork might happen for various reasons and essentially it will create an alternate path in the network. Sometimes forks are forms of updates to solve real problems, and some other times, they just represent different views for the future of the network. Bcash wanted bigger blocks, because they thought that would solve some problems with fees and transaction times. Now we have bcash with big bloks, and we continue to have bitcoin that will follow a different path.

Now comes bgold, that thinks that mining is to centralized and that mining should be asic resistant and made with GPU, in order to allow more users to participate in the process. After the fork we will have bgold, and bitcoin will continue its path.

I think there could be a fork that results in not altcoin at all. Let's say bitcoin found some major problem in it's network. It could fork to solve it, and everyone would continue this new path, and forget the previous one. That happen with ether, but I'm not sure it ever happen with bitcoin.

So you will probably see many forks in the future, and I'm ok with them because they also serve as a "filter" to the community. The guys that really wanted bigger blocks can now stay with bcash if they really believe in that, and the bitcoin supporters get more united, because they choose to stay with BTC.

Forks are alternative visions for a software -- we see forks of Linux distributions and things like that all the time. Forks are more disruptive with Bitcoin because it functions as a network. A hard fork is essentially an entirely new network which is incompatible with the old one.

When developers launch a Bitcoin fork, they are hoping to persuade Bitcoins users to join their new network. In other words, they are potentially splitting the user base between the two networks. This could degrade the value of both networks, based on Moore's Law, since it reverses the exponential trajectory of the original network's value.

The hard forkers ideally want 100% of Bitcoin users to migrate to the new network, and for the original network to die. That's unlikely to happen here.

None of this  makes sense to  me. Why would a group of people want to split off and create a separate thin? Isn't the whole idea that BTC becomes mainstream and used widely? Don't these forks slow that down in some way?

I feel as though this type of stuff complicates matter and makes it harder for mainstream population to feel confident about getting involved. Would love to read more information about it and learn exactly whats is going on.

All that ever created people needs to be improved. When the first cars appeared they were imperfect. How imperfect are those that are now 20 years from now. In the same way, the bitcoin network is being improved and for this it is necessary to change the protocol and if some of the miners do not agree to change it there appears a fork

A fork is a split of the coin into two or more coins. Bitcoin cash was forked from Bitcoin and now in the same way Bitcoin gold is going to be forked.
It happens when a certain group of people decides to split the chain. Since it is decentralized currency there are many groups of people who want BTC to work according to them and that is the main reason why BTC is forked from the chain. First the Bitcoin cash and now Bitcoin Gold, they are just groups of people who wants to be separated from the chain and wants BTC to work according to them.

a fork, in terms of cryptocurrencies, usually occurs when a blockchain has 2 potential paths. about the the another fork on bitcoin, the btc will split again into to two separate coins, bitcoin and BitcoinGold

I just  heard that there will be upcoming bitcoin fork. Is there any who know what is bitcoin fork and why do forks happen ? What do you think the effect of fork. Share your own opinions...