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Topic: Why those useless bitcoin hardfork every months... (Read 565 times)

member
Activity: 84
Merit: 10
Bitcoin is made slightly different from meth, so it can not only fork for bitcoin and ask the community or mining to determine the yield of bitcoin.
hero member
Activity: 798
Merit: 501
I totally agree, the forking is not good for bitcoin and to be honest I dont know what is the usage the forking, there are still a lot of people using bitcoin and not pay any attention to bitcoincash and now another forking will happened again, I think it is only going to destroy bitcoin reputation
People are now giving no interest to hardfork, in fact they are now do not care about hardfork, but continue to trade bitcoin in their normal routin. In previous fork people were not so much clear about fork and there was uncertanity in the market, but this time people are more confident and they are not going to sell their bitcoin but even trying to buy more bitcoin for the price increase.
sr. member
Activity: 530
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Why those useless forkcoins? Because people want to make some money buying and selling their bitcoins, but that's a lame waste of time. If you can get paid in it that's so much better.
full member
Activity: 306
Merit: 100
We all know that hard fork must be done when there is a problem, or something like serious issue must be solved. And right now I think the past activities aren't done for some personal agendas which is somehow others are thinking. Those hard forks are meant for something! We must accept that right now bitcoin fees are so high and the difficulty is super hard to mine. They may not fixed the old path, but they are introducing an another path which is greater man. So it's really up to us if we want to go with the old path, or with the upgraded one. We always have the choice to pick one. Or better, pick both of them! Specially the new one which is free. So that's it, if you don't want to become irritated about forks, go away. Come back when fork is done and just ignore the free coins that this opportunity is offering you because you might get irritated again.  Wink
full member
Activity: 546
Merit: 102
Stake's discord https://discord.gg/cZhK9vp

It feels like those hardfork are only there for the money, for those whales...


While there may be a power struggle in some cases, I don't think that should be it. It's mostly in hands of few whales either way, no?

That said, it shouldn't surprise if greed was one of the major drivers behind it. Just human things.
hero member
Activity: 1274
Merit: 516
I totally agree, the forking is not good for bitcoin and to be honest I dont know what is the usage the forking, there are still a lot of people using bitcoin and not pay any attention to bitcoincash and now another forking will happened again, I think it is only going to destroy bitcoin reputation
full member
Activity: 443
Merit: 110
Yeah, these forks doesn't fix anything, but the people behind these forks try hard to mask their personal gain agenda, by portraying that they are trying to solve a problem that doesn't exist, a hypothetical problem. With Bitcoin Cash it was the increased blocksize. With Bitcoin Gold, it's asic resistant algo to completely decentralize the mining process. Is GPU mining going to be less centralized than the current Bitcoin mining? No.

So in short, these forks are just trying to create money out of thin air, free money and hoping being a Bitcoin fork or marketing it as another Bitcoin they would be able to create a psychological impact on the market to ensure their altcoin gets instant valuation in a competitive crypto market.
,that was what i am wondering also, to think that it is not wiser and could even help bitcoin to its improvement, i don't think so but well i guess maybe its their purpose, while some are taking advantage to this forks they have been waiting for.
sr. member
Activity: 546
Merit: 261
Fork is not useless,it just propose a new change for bitcoin by making a new coin
But it depends on the support o the new coin,if people doesn't support it,it will become a shit coin and people move on with the new fork
newbie
Activity: 44
Merit: 0
They are not useless, at least not for me
They represent free money Tongue
I sold my free bitcoin cash as soon as I could
full member
Activity: 322
Merit: 116
Hard forks are any alterations to the bicoin blockchain. I think that they are efforts to improve bitcoin protocol. More alt currencies will ariae which will either enhance bitcoin or override bitcoin. Some people like hard forks for the sake of free bitcoin.
full member
Activity: 434
Merit: 100
nothing useless if we get free new altcoins after hardfork every months  Grin
who doesn't want free money.
newbie
Activity: 18
Merit: 0

These forks help Bitcoin gaining media attention as well as engaging more people to learn about cryptocurrency. I see more positive then negative.
full member
Activity: 322
Merit: 101
Nothing is useless that makes lots of money...
hero member
Activity: 1106
Merit: 637
They're not useless. Whether you agree with the changes being proposed (by way of fork) or not, these attempts are not useless.

This is part of the maturing process for Bitcoin and blockchain technology and crypto-currencies as a whole. As adoption scales the solution needs to as well to accommodate greater use. There are multiple opinions on how to scale and that's the result of these forks.

The end result is either 1) Bitcoin surviving the attacks and maturing beyond them or 2) One of the new blockchains gaining popularity and carrying the torch that Bitcoin started with.

Either way, whatever the outcome, it's a good thing for Bitcoin.
sr. member
Activity: 2590
Merit: 322
SOL.BIOKRIPT.COM
It may look like useless to you but the brain behind this hardforks knows what they are doing, in fact people take advantages on this hardfork apart from a new altcoin that will be created which serves as additional coin the price of bitcoin also reacts to the fundamentals of hardfork presently the price had hit $5300+ due to the upcoming hardfork compared to few weeks a go when the price was $4100.
member
Activity: 100
Merit: 12
It's frustrating as it causes further instability to a already unstable currency and it's the developers which are causing this through being selfish.
legendary
Activity: 4270
Merit: 4534
firstly the only reason 2mb was chosen is because core devs declined any other amount such as 16mb, 8mb, 4mb.. so 2mb was compromised in the hopes the core devs would finally agree and stop blockading growth.

..
but now even with just 2mb the core devs are still blockading growth. yep core devs are the ones causing the controversy by literally writing in code to ban nodes that are not core. banning nodes that dont fit the blockstream roadmap of turning bitcoin into a blockstream elements altcoin.

yep blockstream devs have done all they can to avoid using consensus to sort these matters out and instead gone for the human/social governance model of a dictatorship.

just look how fast the blockstream devs closed off any chance of core being part of upgrading the blocksize.. under 24 hours
https://github.com/bitcoin/bitcoin/pull/11128 - closd by blockstream employee sipa on the same day it was opened.. yep not allowing community to decide..

but hey, bitcoin will drop being used by merchants. and become just some reserve currency no one can spend directly onchain but have to hand over into a smart contract of counterparty control.. yep LN is cheap to transact but like banks/paypal needs a stranger to sign off/agree to your spending decisions.

oh, and blockstream want to bloat up onchain transactions with Confidential payment codes and other stuff.. while also removing the security of validation by pruning. making the blockchain just junk data that cant be validated and expensive to transact on.... (facepalm)

but again hey. no one cares about the real utility of bitcoin, the ethos and need of its original invention. all they care about is the ponzi element of buy cheap from one person and sell expensive to the next and then run back to fiat.
full member
Activity: 196
Merit: 100
Maybe you think it's useless cause the amount of Bitcoin you have is little so amount of free coin you got after the hard fork is little too Smiley)). I think hard fork is not bad as some people think about it. After the hard fork everyone whom have Bitcoin will received a new coin with the same amount of BTC they have and the price of this new coin is not bad. Beside after the hard fork I think it'll make the price of Bitcoin increased so why there are a lot of people don't like it?
full member
Activity: 630
Merit: 102
Majority of us do not understand what the hard fork  and soft fork actually means. my humble advice  is for anyone that is confuse to go into research why bitcoin need to be forked instead of baseless criticism.
full member
Activity: 196
Merit: 101
What i know. The hard fork is to further improve the bitcoins it has made to part and have back up the bitcoins. And as it is done we will also have free coins that 1: 1 will give you I mean some of the content of your bitcoins during hardfork is that you can also receive coins that make up the hardfork.
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