Bitcoin Forum

Bitcoin => Press => Topic started by: jdebunt on February 06, 2016, 01:20:46 PM



Title: [2016-02-07] Is There Money To Be Made During A Bitcoin Hard Fork?
Post by: jdebunt on February 06, 2016, 01:20:46 PM
With the Bitcoin block size debate still taking place to this very day, discussions about a potential solution are rather easy to come by. But some Bitcoin users are speculating on the possible effects of a hard fork in the code, as it could create an opportunity for people to double their coins. Needless to say, these types of thoughts have no place in the Bitcoin community, but it does provide valuable insights as to why a proper solution is needed.

http://themerkle.com/news/ongoing-bitcoin-block-size-debate-lets-people-dream-about-doubling-their-coins-after-hard-fork/


Title: Re: [2016-02-07] Is There Money To Be Made During A Bitcoin Hard Fork?
Post by: indiemax on February 06, 2016, 01:26:05 PM
I think if a hard fork is implemented

quite the opposite, a LOT of money will be lost

it would be disastrous for Bitcoin


Title: Re: [2016-02-07] Is There Money To Be Made During A Bitcoin Hard Fork?
Post by: aso118 on February 06, 2016, 01:28:34 PM
I think if a hard fork is implemented

quite the opposite, a LOT of money will be lost

it would be disastrous for Bitcoin

Yup, most likely one fork will go to zero quickly and the other will decrease in value because of the confusion.
People don't realize that if the number of coins double, price would also halve.


Title: Re: [2016-02-07] Is There Money To Be Made During A Bitcoin Hard Fork?
Post by: BellaBitBit on February 06, 2016, 04:30:36 PM
I think if a hard fork is implemented

quite the opposite, a LOT of money will be lost

it would be disastrous for Bitcoin

Yup, most likely one fork will go to zero quickly and the other will decrease in value because of the confusion.
People don't realize that if the number of coins double, price would also halve.


My concern is with the confusion. I think the confusion will be biggest factor in price drop.  In fact, I am confused.