Will a fork of Bitcoin ever take over?

Cryptosaint$

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Quote from: Shotz on October 16, 2017, 06:43:56 PM

Now that there are going to be 4 different forks of bitcoin...

Bitcoin
Bitcoin Gold
Bitcoin Cash
B2x

What do you guys think the chances of one of the forks or even a future fork taking over the main market capitalization. Maybe after these upcoming forks it will only strengthen bitcoin. I think all of these forks are just cash grabs profiting off of the hype of the real beast.

Thoughts?

The chances are EXTREMELY thin. But they do exist.

IMO, bitcoin cash is the one that is primed for the take over. They attempted to do it back in Dec. It is a protocol that is just more prepared for commerce and transactions.

missycoin

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I have the same question , what was the purpose of bitcoin cash and bitcoin gold if they have no use for regular users??

biletskiy

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Quote from: salihno71 on October 17, 2017, 05:10:25 AM

Quote from: Shotz on October 16, 2017, 06:43:56 PM

Now that there are going to be 4 different forks of bitcoin...

Bitcoin
Bitcoin Gold
Bitcoin Cash
B2x

What do you guys think the chances of one of the forks or even a future fork taking over the main market capitalization. Maybe after these upcoming forks it will only strengthen bitcoin. I think all of these forks are just cash grabs profiting off of the hype of the real beast.

Thoughts?

I don't believe that any of those forks can overtake bitcoin. None of them solves the current problems namely scaling and fees for smaller transactions in a sufficiently good way.

I will agree with you. These forks will never become as great as Bitcoin is. Besides, in 2018 new BTC forks will appear, but I do not think they will affect Bitcoin much. Suppose that BTC price will even grow due these new coins.

streetlight

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Quote from: whitemacna on January 29, 2018, 03:58:07 AM

I think bitcoin gold will be able to compete with bitcoin, but it still takes a very long time.There is a possibility but it's not likely. Seeing as how many exchanges have BTC as the default currency of trade, Even with ETH being the runner up of BTC you will notice that the markets are significantly smaller.

Bitcoin Gold has nothing special about it. It will never compete with bitcoin.

whitemacna

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I think bitcoin gold will be able to compete with bitcoin, but it still takes a very long time.There is a possibility but it's not likely. Seeing as how many exchanges have BTC as the default currency of trade, Even with ETH being the runner up of BTC you will notice that the markets are significantly smaller.

Sadlife

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Who knows but it is always good to have competition cause one wrong false from the main or fork coins will lose all their market capitalization/investors. Maybe this forks are somehow good for bitcoin cause it might just boost bitcoin's price value cause thw i look at it people trust bitcoin more than bitcoin cash, bitcoin gold or b2x but one wrong move from the original btc like centralization might triggered its investors to move to the forks coins.

princesocapuyo

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No a fork of Bitcoin will never take over because there only there for speculative purposes and have no long term value. The best devs in the world want to build on the Bitcoin network.

monsanto

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..like bright metal on a sullen ground.

If there is one thing I've learned from crypto currencies: anything is possible. The strange part is that for all the debate between battling devs and miners and everyone else over the future of bitcoin, it seems it is the exchanges that wield the most naming power. They have the ability to decide which forks get traded under which names. They control the branding that anyone coming to buy their first bitcoin sees. This could become a bigger issue if the exchanges become more centralized. Imagine if one exchange came to dominate all the others, and some core or big block fanatic owned it. They would hold immense power over bitcoin's future.

Halcyon Days

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I agree with you, that under the current circumstances no fork can overtake BTC as the original coin. However, if something goes wrong with BTC, it still might be a possibility.
For instance, if the upcoming fork in November BTC/Segwit2x somehow for any reason breaks the blockchain of both coins and makes it unavailable (very unlikely, but who knows) and all miners swith to another coin, a possible "successor" could be BCC or BTG.

Pleione527

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I think the reason behind the fork is not to replace or overtake bitcoin in the market what's just happening is a sort of diversification we all know for a fact that we only have limited supply of bitcoin in the circulation so I think since the demand is increasing rapidly the supply can no longer sustain for it that is why they need to introduce another coin in the market.

initenan

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This looks nice idea. Why before nobody made this?

braves182

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Naturally bitkoin develops and will continue to do this, because more and more people are interested in it and invest their money in it. I'm still a very young investor and do not consider other forks, I just invest money in bitcoin and watch its growth. And I'm more than happy with everything.

d5000

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Decentralization Maximalist

Quote from: pooya87 on October 17, 2017, 12:09:02 AM

Quote from: d5000 on October 16, 2017, 09:02:55 PM

So basically, if F2pool really moves out of the agreement and one - even small - pool joins them, then Segwit2x will have already a hard time.

i wouldn't count on F2pool and what they say they do. they will change their mind at any time as they please.

You may be right. But even if they continue to support Segwit2x for a while after the fork date: I suppose that F2Pool could be one of the first pools to retract its decision if anything does not seem to go well.

I think they are a strictly profit-oriented pool without any ("big" or "small blocker") ideology - so if e.g. a smaller pool switches back to Core and enables "usable" block times (significantly less than one hour) again, or if BitPay and Coinbase turn to support again the Core chain fully, then Wang Chun could rapidly change back to the good ol' Bitcoin Core chain.

That may be also valid for other not-Bigblocker pools - they could switch back on the first sign that the Core chain could be the most profitable.

hasmukh_rawal

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The fork of Bitcoin will only take over if the people using Bitcoin comes to a mutual agreement to use Bitcoin as it is.
Until there are groups of people who wants BTC to work according to only them there will be forks going on every now and then.
If people stop splitting the chains there will not be any fork happening. As simple as that.

salihno71

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Quote from: Shotz on October 16, 2017, 06:43:56 PM

Now that there are going to be 4 different forks of bitcoin...

Bitcoin
Bitcoin Gold
Bitcoin Cash
B2x

What do you guys think the chances of one of the forks or even a future fork taking over the main market capitalization. Maybe after these upcoming forks it will only strengthen bitcoin. I think all of these forks are just cash grabs profiting off of the hype of the real beast.

Thoughts?

I don't believe that any of those forks can overtake bitcoin. None of them solves the current problems namely scaling and fees for smaller transactions in a sufficiently good way.

Razick

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Quote from: pooya87 on October 17, 2017, 12:09:02 AM

altcoins can never "take over" bitcoin, and it doesn't matter if they have the "bitcoin" name in their name.

Quote from: d5000 on October 16, 2017, 09:02:55 PM

~
So basically, if F2pool really moves out of the agreement and one - even small - pool joins them, then Segwit2x will have already a hard time.

i wouldn't count on F2pool and what they say they do. they will change their mind at any time as they please. they did the same with SegWit and again with LTC SegWit, they kept going back and forth claiming that they were attacked because of supporting something or not.
small ones are also always fear and try to stay neutral.

Never say never. The word altcoin itself is an illusion. It is like saying every other website other than Google is an "altsite" because Google is the most popular. Guess what? Google was not even popular until after 2000. During the dotcom bubble, Yahoo was the biggest company. Google only cam along around 2000-2002 and has been growing ever since. Does this mean Google is an "altsite" to Yahoo? I don't think so. There are many coins and tokens coming out with better tech than BTC. It is only a matter of time before something surpasses it. When will this be? God knows, but it is more likely to happen then not.

niisarearning

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Oh man still two more forks I still not aware about b2x which will be happening on November 18 th . After seeing thread I started searching on b2x lots of article saying it supposed to happen on November 18th so after this two coin altcoins will fails for month or more for sure now am thinking to hold my altcoin portfolio or sell all and invest on bitcoin so I might get 2 fork coins. Which may recover my loss.

gabmen

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These spawns from will always be treated as alternative coins for me. Unlikely to take over from the original. They even have to overtake the old alts like etherium i think. But btc will always be the top dog among crypto for a long time

pooya87

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altcoins can never "take over" bitcoin, and it doesn't matter if they have the "bitcoin" name in their name.

Quote from: d5000 on October 16, 2017, 09:02:55 PM

~
So basically, if F2pool really moves out of the agreement and one - even small - pool joins them, then Segwit2x will have already a hard time.

i wouldn't count on F2pool and what they say they do. they will change their mind at any time as they please. they did the same with SegWit and again with LTC SegWit, they kept going back and forth claiming that they were attacked because of supporting something or not.
small ones are also always fear and try to stay neutral.

andrew24p

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In my opinion it is very unlikely UNLESS the main core developers support it. Core has the best and brightest programmers out of any coin. No one even compares to them. Unless you have a fork with many devs that rival them (they dont exist), its not happening.

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