Topic: Why and Who ALLOW the Bitcoin Hardfork? (Read 390 times)
Thanks for the reply guys, I am a little bid sad and afraid that someday , selfish investor would see this hardforking as an opportunity to create shitcoins instead of making a long process of ICO thing. ICO may failed, but hard fork coins is a sure profit.
The beauty of decentralization is that no one has to allow anything. The ugly, on the other hand, is that anyone can do whatever they please. Most of the forks are unnecessary and are aimed at making a quick buck at the expense of serious users. I hope this is addressed somehow in the future.
I have this question on my mind that keeps bugging me. Can you tell me WHY and HOW they allow the Bitcoin Hardforking if majority doesnt want to implement this?
Does it mean "ANYONE" has the RIGHT to create or hardfork Bitcoin. And every hardfork would result a sprout version of Bitcoin for example: "Bitcoin DOG" ,"Bitcoin Cat", "Bitcoin Whatever".
Seriously this is not good, if we could not stop it, in the future it would lead to the growing dozen or even hundreds variation of Bitcoin shit coins: Bitcoin dark, Bitcoin Unlimited, Bitcoin Cash, Bitcoin Gold, etc..
What do you think?
Does it mean "ANYONE" has the RIGHT to create or hardfork Bitcoin. And every hardfork would result a sprout version of Bitcoin for example: "Bitcoin DOG" ,"Bitcoin Cat", "Bitcoin Whatever".
Seriously this is not good, if we could not stop it, in the future it would lead to the growing dozen or even hundreds variation of Bitcoin shit coins: Bitcoin dark, Bitcoin Unlimited, Bitcoin Cash, Bitcoin Gold, etc..
What do you think?
in my opinion, if someone makes a bad coin name, it's better to quickly delete the page. I myself do not agree with the name of a coin that is not good, because I think the coin is a fraud. I prefer a good coin name.
"allow"?!!
what is it these days with people and the idea of centralizing bitcoin?
a decentralized open source project with a MIT license is free for everyone to use as they like. sometimes they fork bitcoin and create something interesting like LTC, NMC,... that actually has something to offer and the developers are trying to explore other possibilities and sometimes they just create crap like 100s of forks from bitcoin.
if you think these new method of forks can damage bitcoin then we have to find a way to fix the issue in bitcoin not prevent others from doing it.
maybe not the best example but that would be like finding a bug and asking people not to exploit it, instead of fixing the bug itself!
what is it these days with people and the idea of centralizing bitcoin?
a decentralized open source project with a MIT license is free for everyone to use as they like. sometimes they fork bitcoin and create something interesting like LTC, NMC,... that actually has something to offer and the developers are trying to explore other possibilities and sometimes they just create crap like 100s of forks from bitcoin.
if you think these new method of forks can damage bitcoin then we have to find a way to fix the issue in bitcoin not prevent others from doing it.
maybe not the best example but that would be like finding a bug and asking people not to exploit it, instead of fixing the bug itself!
And sometimes miners needs to upgrade the soft ware that is used to mine the blocks. But as traders we really dont have a choice because it is definitely a gain for us if the fork would be integrated especially with acquisition of new coin. But as miner if you already have mined a block but the hardfork would deem it invalid or otherwise then it really is not appropriate to have a hardfork.
"allow"?!!
what is it these days with people and the idea of centralizing bitcoin?
a decentralized open source project with a MIT license is free for everyone to use as they like. sometimes they fork bitcoin and create something interesting like LTC, NMC,... that actually has something to offer and the developers are trying to explore other possibilities and sometimes they just create crap like 100s of forks from bitcoin.
if you think these new method of forks can damage bitcoin then we have to find a way to fix the issue in bitcoin not prevent others from doing it.
maybe not the best example but that would be like finding a bug and asking people not to exploit it, instead of fixing the bug itself!
what is it these days with people and the idea of centralizing bitcoin?
a decentralized open source project with a MIT license is free for everyone to use as they like. sometimes they fork bitcoin and create something interesting like LTC, NMC,... that actually has something to offer and the developers are trying to explore other possibilities and sometimes they just create crap like 100s of forks from bitcoin.
if you think these new method of forks can damage bitcoin then we have to find a way to fix the issue in bitcoin not prevent others from doing it.
maybe not the best example but that would be like finding a bug and asking people not to exploit it, instead of fixing the bug itself!
Anyone can fork and create their own version of bitcoin because it is an open and public system and program, you name this version of bitcoin your own but you need to have enough mining hash power and the majority of people miners and investors to support this newly fork bitcoin that will be released on the market and face its fate whether it will succeed or not. If i'm not mistaken the bitcoin already forked 600+ make it sure your version of bitcoin have a great features and potential so that it will survive in the market.
Bitcoin is decentralized and that is why nobody can have a control over it. Almost anybody with good technical skills can make a clone of Bitcoin and fork it from the chain. But it's all about the value that matters the most. If the coin has some value it will rise up, if not nobody will ever buy it and it's value will be zero. So, forking for an individual is just a waste of time and when large groups of people and big investors fork the Bitcoin, the coin has some value because of the supporters. But I don't think any community will gain as much value as Bitcoin holds.
You can fork it as much as you can if you wanted to. No one really has absolute control but the collective userbase. It's only really bad if a fork puts itself in position of being the "true" Bitcoin with a significant number of supporters. Bitcoin cannot be changed, so forks happen to implement certain improvements. This means forks with significant technological advantages and a high support level can fracture Bitcoin's existing holders, making it less valuable.
I personally don't care about majority of the forks as they're pretty much shit, but forks like segwit2x are a cause for concern. I expect it to make a wave, but it won't be able to usurp the original Bitcoin. It's going to be able to retain some value like BCH though.
I personally don't care about majority of the forks as they're pretty much shit, but forks like segwit2x are a cause for concern. I expect it to make a wave, but it won't be able to usurp the original Bitcoin. It's going to be able to retain some value like BCH though.
That's the beauty of open source software my friend. Forks are a regular occurrence, nothing to worry about.
I have this question on my mind that keeps bugging me. Can you tell me WHY and HOW they allow the Bitcoin Hardforking if majority doesnt want to implement this?
Does it mean "ANYONE" has the RIGHT to create or hardfork Bitcoin. And every hardfork would result a sprout version of Bitcoin for example: "Bitcoin DOG" ,"Bitcoin Cat", "Bitcoin Whatever".
Seriously this is not good, if we could not stop it, in the future it would lead to the growing dozen or even hundreds variation of Bitcoin shit coins: Bitcoin dark, Bitcoin Unlimited, Bitcoin Cash, Bitcoin Gold, etc..
What do you think?
I believe that no one needs a permission in forking bitcoin or any other coins. Anybody can do it but as forking is concerned, they need to have the literacy in forking bitcoin. In here guys it is all about businesses. People in here are just business minded and they will do everything so that they will have money for themselves. And remember many forks have 0 value Does it mean "ANYONE" has the RIGHT to create or hardfork Bitcoin. And every hardfork would result a sprout version of Bitcoin for example: "Bitcoin DOG" ,"Bitcoin Cat", "Bitcoin Whatever".
Seriously this is not good, if we could not stop it, in the future it would lead to the growing dozen or even hundreds variation of Bitcoin shit coins: Bitcoin dark, Bitcoin Unlimited, Bitcoin Cash, Bitcoin Gold, etc..
What do you think?
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Bitcoin is permission-less, so by it's design anyone can copy and hardfork it. Anyone can make a "bitcoin dog" or whatever anytime. The question is whether you can rally a community around your hardfork so the coin actually has value, this is much harder to do. I imagine in the future crappy hardforks will be harder and harder to pull off as people start to see they have no real value. Right now there is a tendency for people to see it has free money which gives the new coin some value.
Yup, there have been hundres of forks. anyone can do it. Most have near-zero value.
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!
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!
No one can allow a hardfork, nor can anyone stop one. The only thing that sets some forks out from other ones, is that if the community (or a certain percentage of this community) supports the hardfork and the ideals behind it. The only thing we can think about when we say this is the Bitcoin Cash one, which did have some support from certain miners and other groups in the Bitcoin community.
I can't say the same thing for Bitcoin Gold, as it seems this is just getting news as it was after Bitcoin Cash which is still being traded in mass amounts to this day.
So, just don't get involved and this hardfork will die like others.
I can't say the same thing for Bitcoin Gold, as it seems this is just getting news as it was after Bitcoin Cash which is still being traded in mass amounts to this day.
So, just don't get involved and this hardfork will die like others.
I don't know yet..about :
what are the advantages of bitcoin holders when bitcoin hardfork occurs on next October 25th...
You can't prevent people from forking a coin, if they have enough hash power. Basically you take any coin, change a little the source code, then people use your client to mine this will create a fork, as long as there are enough people in your chain, it will sustain and evolve. It is easy.
If in that process we do need a permission to anyone, it start to be called centralized than being decentralized. Hard forking is one proof that bitcoin community is not manipulated and organized as we have different view and others supports then others don’t. That’s what’s good in bitcoin and it will be like this given opportunity to someone if they do want to do forking or not.
No one can allow a hardfork, nor can anyone stop one. The only thing that sets some forks out from other ones, is that if the community (or a certain percentage of this community) supports the hardfork and the ideals behind it. The only thing we can think about when we say this is the Bitcoin Cash one, which did have some support from certain miners and other groups in the Bitcoin community.
I can't say the same thing for Bitcoin Gold, as it seems this is just getting news as it was after Bitcoin Cash which is still being traded in mass amounts to this day.
So, just don't get involved and this hardfork will die like others.
I can't say the same thing for Bitcoin Gold, as it seems this is just getting news as it was after Bitcoin Cash which is still being traded in mass amounts to this day.
So, just don't get involved and this hardfork will die like others.
Now it's impossible to copy at will. Because different coins have their value in it. Bitcoin is now worth so much, and it won't grow any more. All the people who hold bitcoin don't change it into other coins, I think so
I have this question on my mind that keeps bugging me. Can you tell me WHY and HOW they allow the Bitcoin Hardforking if majority doesnt want to implement this?
Does it mean "ANYONE" has the RIGHT to create or hardfork Bitcoin. And every hardfork would result a sprout version of Bitcoin for example: "Bitcoin DOG" ,"Bitcoin Cat", "Bitcoin Whatever".
Seriously this is not good, if we could not stop it, in the future it would lead to the growing dozen or even hundreds variation of Bitcoin shit coins: Bitcoin dark, Bitcoin Unlimited, Bitcoin Cash, Bitcoin Gold, etc..
What do you think?
Does it mean "ANYONE" has the RIGHT to create or hardfork Bitcoin. And every hardfork would result a sprout version of Bitcoin for example: "Bitcoin DOG" ,"Bitcoin Cat", "Bitcoin Whatever".
Seriously this is not good, if we could not stop it, in the future it would lead to the growing dozen or even hundreds variation of Bitcoin shit coins: Bitcoin dark, Bitcoin Unlimited, Bitcoin Cash, Bitcoin Gold, etc..
What do you think?
Noone needs to ask permission to fork. Anyone can fork, they just need enough mining power to do so. Bitcoin has had 671 forks since it began. So this is nothing new and my guess is that it will continue. That is the beauty of an open source project and decentralization. As far as I'm concerned forks are nothing to lose sleep over. If you don't like the shitcoins as you put it, then don't buy them.. End of story, Bitcoin belongs to noone.
Bitcoin is permission-less, so by it's design anyone can copy and hardfork it. Anyone can make a "bitcoin dog" or whatever anytime. The question is whether you can rally a community around your hardfork so the coin actually has value, this is much harder to do. I imagine in the future crappy hardforks will be harder and harder to pull off as people start to see they have no real value. Right now there is a tendency for people to see it has free money which gives the new coin some value.
I think there may be many similar currencies. But some ideas cannot be copied, you see the dog coins, just because of a joke, but now there are so many people use it, so now want to suddenly out of a cat to the dog coins coins, so many people recognized is not possible.
I have this question on my mind that keeps bugging me. Can you tell me WHY and HOW they allow the Bitcoin Hardforking if majority doesnt want to implement this?
Does it mean "ANYONE" has the RIGHT to create or hardfork Bitcoin. And every hardfork would result a sprout version of Bitcoin for example: "Bitcoin DOG" ,"Bitcoin Cat", "Bitcoin Whatever".
Seriously this is not good, if we could not stop it, in the future it would lead to the growing dozen or even hundreds variation of Bitcoin shit coins: Bitcoin dark, Bitcoin Unlimited, Bitcoin Cash, Bitcoin Gold, etc..
What do you think?
Does it mean "ANYONE" has the RIGHT to create or hardfork Bitcoin. And every hardfork would result a sprout version of Bitcoin for example: "Bitcoin DOG" ,"Bitcoin Cat", "Bitcoin Whatever".
Seriously this is not good, if we could not stop it, in the future it would lead to the growing dozen or even hundreds variation of Bitcoin shit coins: Bitcoin dark, Bitcoin Unlimited, Bitcoin Cash, Bitcoin Gold, etc..
What do you think?
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