Why is Bitcoin the predominant one among forks? - page 2.

The_Dark_Knight

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Quote from: howard.ashoul on November 07, 2017, 08:08:34 PM

Quote from: farhaan on October 30, 2017, 08:03:17 AM

Bitcoin is the original coin created by satoshi.
Other coins like BCH and others are just an act of creating clones of bitcoin by hard forking and claiming to be the original bitcoin.
But segwit 2x would definitely create some serious issues as it has majority miner support and it may replace the legacy bitcoin.If it does not has enough support,then another coin bitcoin segwit 2x would be created.
It has even support of more companies related to bitcoin.

How do you determine which one is original BTC and which one is clone? In case of BTC/BCH there were two identical blockchains. And even developers splitted to two different groups.

Only thing, that made it being "original BTC" was, that one blockchain contiuend under original BTC name, another one under new name. But they were identical. Same will go for a new hardfork.

That is incorrect, the devs are all of them following the same vision, many people try to use some definition that suits them but it is very simple the original bitcoin is the one that did not fork, the miners were the ones to fork because they are not happy with the way things have turned up and they decided to create a separate project so there is no doubt that BTC is the original coin and BCH a cheap clone.

Spendulus

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Quote from: eugenedo1206 on October 14, 2017, 07:18:48 AM

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?

Is it because Bitcoin is the most original one? ....

Because there are hundreds or thousands of Elvis impersonators.

But there's only ONE Elvis Presley.

ismart1

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Make a difference, make it better.

Bitcoin has a long history, so it has a large community, fact is also bitcoin is not perfect and its development hasn´t evolved much since it´s beginning, and these maintainers of the ledgers and developers sometimes wants some advancement in the bitcoin, when they do not come to an agreement how will they handle some change in the actual system they promote a fork, which means they will use the base ledger history and from a determined point (block) they will follow their own way with the supposed changes they would like to have seen in the bitcoin, but there was not a consensus about it.

litma21

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change comes slowly ,and people tend to stick to what they know and understand.in reality people are scared of change so until it gives reason beyond doubt ,most people will stay by what they know and has proven to meet their needs and wants.even though there might be a market monopoly out there i think it will be like this for as long as both parties (customers and service providers) are being satisfied .

Spendulus

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Quote from: opebiyiope on November 09, 2017, 10:40:47 AM

Bitcoin is predominant because it has a future. It was built to defy all odds.

Forks have been speared with a fork, and looking at them, you know what?

They're done.

opebiyiope

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Bitcoin is predominant because it has a future. It was built to defy all odds.

JohnHero

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Quote from: intelligentdude on November 09, 2017, 07:44:09 AM

The reason is not far fetched,Bitcoin has stood the test of time and is now widely accepted by most merchants,hence the increase in it's volume notwithstanding some of it's weaknesses.

I agree here, Bitcoin can't stand it. Those forks simply improve the way Bitcoin is working therefor I agree with it.

intelligentdude

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The reason is not far fetched,Bitcoin has stood the test of time and is now widely accepted by most merchants,hence the increase in it's volume notwithstanding some of it's weaknesses.

LT_support0

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Bitcoin is a great implementation of blockchain. But they have been telling us that Bitcoin can't be under inflation because of no emission. So, you can see Bitcoin emissions as hard forks such us Bitcoin Cash and Bitcoin Gold. And these emissions are more bigger than fiat currency emissions, every fork makes volume twice bigger, it is geometry progress of volume. You are merely supported by other's belief/dream/misunderstanding.

Chachacoin17

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Quote from: Klausi on November 09, 2017, 05:53:42 AM

Quote from: audaciousbeing on November 09, 2017, 01:54:11 AM

Quote from: eugenedo1206 on October 14, 2017, 07:18:48 AM

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?

Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.

The main reason that I see is mainly because the believe people have in the core bitcoin is still strong as ever and even the stakeholders are the ones pushing for the continued dominance of the original bitcoin. For example on the forum here, anything other than BTC is pushed to the alt section that tells tells you the larger forum of crypto enthusiasts had already picked a side.

Going forward to the exchange sites, majority of them treat every other coin as an alt while its possible to change every other coin to btc, not every coin can change to the other forks. Another is the conversion to to fiat which is mostly predominantly on bitcoin compared to other forked coins.

Yes exactly that's how it is currently been happening right now with the forked coins. Most investors and quick traders really converts their btc to fiat cash after the good price really updated with the system. Like if we have to trade and eth contract coins, then a trader holds the eth they have will again trade to btc in order to earn fiat cash for daily living expenses. That's why fork nowadays doesn't seem to be visible to happen due to the blockchain devs now closely monitored all transactions to be out of any major congestion.

What if those people choose to hold their bitcoin and don't bother to cash out their holding to fiat, would it improve the network? Would be the congestion lessen? In my own words here, the fork always happens when there's system error like power tripping and other hardware related concerns which downed the mining system. This scenario also contributes with the fork or the segwit2x, because those miners widens the flow of the network transactions to make easier and faster nodes processing.

Klausi

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Quote from: audaciousbeing on November 09, 2017, 01:54:11 AM

Quote from: eugenedo1206 on October 14, 2017, 07:18:48 AM

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?

Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.

The main reason that I see is mainly because the believe people have in the core bitcoin is still strong as ever and even the stakeholders are the ones pushing for the continued dominance of the original bitcoin. For example on the forum here, anything other than BTC is pushed to the alt section that tells tells you the larger forum of crypto enthusiasts had already picked a side.

Going forward to the exchange sites, majority of them treat every other coin as an alt while its possible to change every other coin to btc, not every coin can change to the other forks. Another is the conversion to to fiat which is mostly predominantly on bitcoin compared to other forked coins.

Yes exactly that's how it is currently been happening right now with the forked coins. Most investors and quick traders really converts their btc to fiat cash after the good price really updated with the system. Like if we have to trade and eth contract coins, then a trader holds the eth they have will again trade to btc in order to earn fiat cash for daily living expenses. That's why fork nowadays doesn't seem to be visible to happen due to the blockchain devs now closely monitored all transactions to be out of any major congestion.

llanaio

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It is a matter of perception. We call the current BTC the "real bitcoin" because it has the longest PoW, it has the BTC ticker symbol, and the Bitcoin Core team endorses it. These are the key indicators. A 4th, less persuasive, indicator is being most "true" to the original bitcoin code or intentions of Satoshi Nakamoto. In most of the chain splits so far, one side of the chain received a clear majority of these indicators--typically the first 3. Proponents of the minority chain often claim their version is more true to the Bitcoin spirit. BCH may have a reasonable claim to this. Few are convinced.

audaciousbeing

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Quote from: eugenedo1206 on October 14, 2017, 07:18:48 AM

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?

Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.

The main reason that I see is mainly because the believe people have in the core bitcoin is still strong as ever and even the stakeholders are the ones pushing for the continued dominance of the original bitcoin. For example on the forum here, anything other than BTC is pushed to the alt section that tells tells you the larger forum of crypto enthusiasts had already picked a side.

Going forward to the exchange sites, majority of them treat every other coin as an alt while its possible to change every other coin to btc, not every coin can change to the other forks. Another is the conversion to to fiat which is mostly predominantly on bitcoin compared to other forked coins.

Spendulus

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Quote from: eugenedo1206 on October 14, 2017, 07:18:48 AM

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?

Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.

It's nice to think of Bitcoin as the original, the thing created by Satoshi Nakamoto.

But over time we may see some splits to remain true to his original concepts.

Not saying that's good or bad, only that it could happen.

howard.ashoul

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Quote from: farhaan on October 30, 2017, 08:03:17 AM

Bitcoin is the original coin created by satoshi.
Other coins like BCH and others are just an act of creating clones of bitcoin by hard forking and claiming to be the original bitcoin.
But segwit 2x would definitely create some serious issues as it has majority miner support and it may replace the legacy bitcoin.If it does not has enough support,then another coin bitcoin segwit 2x would be created.
It has even support of more companies related to bitcoin.

How do you determine which one is original BTC and which one is clone? In case of BTC/BCH there were two identical blockchains. And even developers splitted to two different groups.

Only thing, that made it being "original BTC" was, that one blockchain contiuend under original BTC name, another one under new name. But they were identical. Same will go for a new hardfork.

Erelas

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Quote from: eugenedo1206 on October 14, 2017, 07:18:48 AM

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?

Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.

I think it's just semantics and what name eventually becomes the dominant one in use. Your question could be interpreted in a few different ways. BCH, etc. all originated from the original Bitcoin blockchain, so perhaps the simplest form is to differentiate all subsequent forks as being a different (derived from Bitcoin) name, and perhaps if one of those forks eventually became more favored in common use than the orginal, then the newer fork might eventually come to be called "Bitcoin". If I had my personal preference though, all subsequent forks would be named differently, the way they are done now. A newer fork supplanting Bitcoin, and then becoming known as Bitcoin would be too confusing.

gotoshi

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Quote from: eugenedo1206 on October 14, 2017, 07:18:48 AM

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?

Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.

I believe it is because it is the original and the people that might support the forks don't even know about bitcoin yet. With more adoption of BTC, I'm sure alot of our BTC market cap will bleed into the forks of BTC.

monoculture

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Quote from: BingoDog on November 07, 2017, 09:44:13 AM

Maybe this will sound strange but bitcoin is actualy mainstream among the cryptocurrencies. And it's only one that is original, all other bitcoin connected coins are bad copies, I would say. That is why people use it, they trust it. And people use and trust the things that have some real value and they positive experience with. And the more users support it, the more valuable and trusted will become, so there are many reasons.

By bad copies do you mean that they fail to do what Bitcoin originally set out to do, or do you mean that they don't offer enough unique features to stand out on their own? To answer the overall question it'd be interesting to look at what the competition has to offer and which cryptocurrencies have the potential to overtake Bitcoin in the possible future.

BingoDog

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Maybe this will sound strange but bitcoin is actualy mainstream among the cryptocurrencies. And it's only one that is original, all other bitcoin connected coins are bad copies, I would say. That is why people use it, they trust it. And people use and trust the things that have some real value and they positive experience with. And the more users support it, the more valuable and trusted will become, so there are many reasons.

Technologov2

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Same reason why MP3 is the most popular audio codec for music. It's the first to actually provide good-enough compressed audio and gain market share. (hint: the best codec is Opus Audio, but few people know about it. And it will require special software to play-back.)

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