Bitcoin Forum

Every time that there is a talk about hard fork etc, there is always someone who says "wow, they are creating a new altcoin".
We need to stop this meme.

Prohibited changes are listed here: https://en.bitcoin.it/wiki/Prohibited_changes

Other modifications are possibile, and they don't make "an altcoin".

An hard fork already happened in 2010 (https://en.bitcoin.it/wiki/Value_overflow_incident), so the "current" bitcoin is an altcoin? I don't think so.

I'm not defending any specific BIP etc..., it's just a general principle.

The title is kind click-bait since you’re claiming that Bitcoin is not an Altcoin right? Lol.

If the people involved with the whole Bitcoin Development Project makes a different coin that is from Bitcoin though is not Bitcoin then that is an altcoin.

Technically, Bitcoin is only in its Beta phase right now.

Agreed! And these are also the people that think they can use ether to buy a coffee.

Bitcoin started off being referred to as "a Project"...when will we have graduated from the project phase to the production or official or accepted phase of this implementation?

Further, since Bitcoin is the original it can never be considered an alternate.

Definition of Alt Coin: http://www.investopedia.com/terms/a/altcoin.asp (http://www.investopedia.com/terms/a/altcoin.asp)

Hard forks split Chains and therefore are considered dangerous for the stability of Bitcoin, that's why soft forks exist. We saw what happened when ETC hard forked (for all the wrong reasons) and it wouldn't be wise to make the same mistake with BTC. If we were in the pleasant position where we' have a 90~95% consensus hard forks would be considered safer but, Bitmain..  :-X

I also think that people who compare a fork to creating an altcoin don't know what they're talking about. Eventually we'll have to upgrade Bitcoin because it's a software and like any softwares gets outdated. 7 years have passed and we're already facing a huge problem with fees and confirmation time. In the next 10 years we're gonna need another update for sure.

A hard fork will lead to many angry people however there is no way arround it

This is what half the forum has been saying to the other half for the last few months. Unfortunately people forget that a Bitcoin Wiki exists... And rush saying that Bitcoin will become an alt or that this or that doesn't correspond to "Satoshi's vision, written on the paper".

Apparently hard forks for bug corrections aren't altcoins, but for development they are...

I must admit, all the people claiming this got me confused. I was wondering if there would actually be 2 different coins.

That's right. We can't do a thing with people who say whatever they want without getting the point. That's the internet and here there are tans of such people. I recommend you just to close your eyes on that problem and such kind of meanings.

Actually i also wondering about that, it may happened in august 1  ??? no one knows, i just think that if it have 2 coins its price will lower and can be more affordable and bloom that another coin just what bitcoin had right now, it will help lot of people.

Bitcoin does not do Ico but altcoin had, if there a 2 coins it will be under bitcoin like altcoin or just the price of bitcoin will divided by 2 then its the price of the new coin with different aspect of bitcoin, i hope there will be official coin(fiat) soon that we can buy that will grow value after.

The point is not that a hardfork is bad its that a contentious hardfork is bad because it splits the chain in 2 so necessarily one coin will be an altcoin and one will remain the main bitcoin, I think you misunderstood this point of the debate OP.

That's why we are supporting Segwit 2x and not for UASF. The possibility of UASF to splitting the bitcoin chain will make the bitcoin looks pretty bad.

I don't want to see another fork coin of bitcoin just like BTU. Because we know that all of the altcoins just forked coin of bitcoin itself. No more forced coin of bitcoin.

Looks those are forgetting about consensus right now.

I don't think that the fork will create altcoin because the fork is made because of the goal to solve specific issue with the original coin in the market and for example is the bitcoin, if bitcoin will have a hard fork and creates a two split on the chain then it will be a good for bitcoin because it will make the space of the blockchain more space than before and it will help to make things faster.

Correct me if I'm wrong, but a Hard Fork never happened, the link OP pastes here talks about a Soft Fork made after 5 hours the bug was discovered.

Bitcoin isn't an AltCoin, Bitcoin is the original creation and all the rest are the copy of it. Some fixes in Bitcoin doesn't turn it into an AltCoin like the Hard Fork some people want to do now.

Title is quite misleading, you should add ? at the end of title

After hardfork blockchain will split into two chains and old chain will be dropped by community but if it get few supporters than it can stay as altcoin just like ETC is right now after split from ETH. However softfork can't split the chain.

soft forks and hard forks can BOTH cause altcoins.

softforks are merely pool controlled activation.
hard forks are node(user) AND pool controlled activation.

the whole UASF is a fake word twisting to pretend that a hard fork is a soft fork simply by swapping a H for a S to fool the crowd

..
altcoins are created if there is enough controversy and not enough consensus for a bilateral split to occur which involves in short, PURPOSEFULLY keeping the weaker option alive alongside the majority strong option.

allowing the weaker side to just stall/remain unsynced/die is not an altcoin creation. and can be done soft or hard.

anyone thinking soft=safe hard=danger has been reading the reddit propaganda too much and been hypnotised into believing it.
all the propaganda has mearly done is say a softs best case scenario and a hards worse case scenario and purposefully avoided discussing the opposite

..

in short
soft consensus: high majority acceptance, activated by pools. and the minority die out with small drama of orphans
soft controversial: slight majority acceptance, activated by pools. and the minority die out with large drama of orphans
soft bilateral split: minority (small or large) of pools decide to keep alive the minority rule by actively opposing/banning/rejecting the opposition

in short
hard consensus: high majority acceptance, activated by nodes and pools. and the minority die out with small drama of orphans
hard controversial: slight majority acceptance, activated by nodes and  pools. and the minority die out with large drama of orphans
hard bilateral split: minority (small or large) of nodes and pools decide to keep alive the minority rule by actively opposing/banning/rejecting the opposition

but we will still have the corporate propagandists who will just discuss soft consensus and hard bilateral as if thats the only 2 options of change.

Well to be making a bold claim like this and calling what everyone knows today as the biggest Crypto an altcoin would mean that there is another currency that is more powerful than Bitcoin (at least on a crypto scale) and has more people using it, more trading it, and so on and so forth. The only reason we refer to the other coins as Altcoins is due to the fact that they're the alternate currency to the Majority, which in this case is going to have to be something else if you're going to call Bitcoin (which IS THE MAJORITY) an altcoin. This claim doesn't make sense in the least, try again!

This is obviously a clickbait post. Franky1 said it round and clear.

Whether one term or another it's quite irrelevant. BTC started this economic revolution and as such is generally referred as a non altcoin. Our definitions might not be the same mr OP but it's truly a non issue.

Bitcoin became one of the first cryptocurrency in 2009. numerous cryptocurrencies created. These are frequently called altcoins, as a blend of bitcoin alternative.

Bitcoin as far as I know is the mother of all altcoins. It is a virtual currency where we can used it as payment online and can be use as an aaset and savings too Which is very safe compare to any bank.

I also agree, Franky1 has highlighted what the current scene bitcoins are in. Right now there are a lot of people pushing those hard forks for their own benefit. They do this by tricking the masses who know nothing about the difference of both hard and soft forks. Right now people do want to push for a fork due to the recent memory pool clogging and the fees all going up so high. But right now the attacks to the blockchain has stopped and the fees are normalizing again. This might be the result of the attackers seeing that their purposed plan is on track and they stopped the attack as it has no more value as they have already achieved their goals.

Yes, I strongly agree with your opinion, currently bitcoin occupies the peak of altcoin because it has a different value with altcoin, I think no one can compete, many who already use bitcoin because it is said to be a savings asset or investment or trade, Bitcoin also ensures security For all its users wherever they are, and bitcoin is independent, so far many people have used and trusted it, I think bitcoin will be in place for a long time.

I guess it is the reason why the bitcoin price is sky rocketing down today because the eth is taking advantage already to become the no.1 cryptocurrency and the bitcoin is now just a altcoins in the market so a lot of people lose that trust in bitcoin and already selling there bitcoin and switch to eth.

Honestly?
How can you call bitcoin core as an altcoin? It was pretty much the first cryptocurrency that was ever  designed, so the whole situation seems clear, at least for me.

Altcoin vs bitcoin? Base on my opinion bitcoin is the most well-known cryptocurrency.It was developed infrastructure and growing fan base. There are over 500 other cryptocurrencies in other other countries. “Altcoins“, these alternatives to Bitcoin. It has its own individual characteristics and algorithms. I think that any kind of coin except in bitcoin is called "Altcoins".

I know right. Bitcoin is a utility, currency and an asset all in one. Not an altcoin. Altcoins are just speculation that are good for trading, but cannot be used in any other part of our life. I must confess, in the early stages of my experience with Bitcoin I also use to refer to it as the first altcoin and first cryptocurrency. Now I know the difference and how wrong I am.

Moreover, a hard-fork does not make Bitcoin an altcoin. Such forks occur with the aim of improving the existing Bitcoin. This allows more people to use it and enjoy the opportunities that it provides. Take August 1 for example. Introduction of SegWit will hopefully solve the scaling issue and improve Bitcoin's current issues with confirmation times. This does not mean Bitcoin is an altcoin, but new and improved.

you started off well, but made quite a silly statement, without use of argument, here: "Which is very safe compare to any bank".

You do bitcoin as a "currency" rather than possible commodity a disservice when you make foolish assertions.

Stop it.

Oh My God.

"Bitcoin also ensures security For all its users wherever they are, and bitcoin is independent."

You must have started using bitcoin six months ago, in which case I suggest you research its history, and its links to non-independent, profit-making outlaws.

If you look at some facts about the good progress of bitcoin from the rising bitcoin population as well as the contribution of investors that help improve reputation and popularity of bitcoin, even some countries have declared legality of bitcoin as a digital currency whose function is equivalent to real currency.

Do you understand what it means to call altcoin? When a cryptocurrency created and not is Bitcoin, the market will say this is an altcoin.

Bitcoin is the first cryptocurrency success and popular than other cryptocurrecy on market (call Altcoins)

Exactly why I disagree with the OP for labeling it an Altcoin. Bitcoin is the premier cryptocurrency and has the qualities, reputation built over time and popularity that the other cryptocurrencies crave for and that makes them an Altcoin but not the original or Bitcoin itself.

Though Op has mentioned the article describing all about the hard fork and other splitting of the network in the past to term it an altcoin, we need to have the understanding that if bitcoin hasn't got existed we could have never got a term virtual currency or cryptocurrency. Following this has grown the entire list of altcoins that we use.

You are right, and he too, the fork here will divide the bitcoin and create new coins, and these coins will be called altcoins. Bitcoin core will still exist, but they have different values.

I don’t ever think of the bitcoin as an altcoin because everyone knows it was the very first cryptocurrency, the concept of the digital/cryptocurrency was introduced by the bitcoin so how come some can say that the bitcoin is an altcoin?
Bitcoin is not only a currency but a legacy, we better to understand this.

Yes, bitcoin is an all in one package but most of the people don’t understand the features of the bitcoin and underestimate it. However I have a full belief and trust on the bitcoin. I know what difference it made to my life, how was I before using the bitcoin and now when I am earning, holding an investing it. The hard-fork and the segwet are just to improve the bitcoin quality and this is what many don’t understand.

yes but one will be an altcoin and not bitcoin 2.0, there can't be two bitcoin it doesn't make sense, after all altcoin are other fork of bitcoin, and the same thing will happen on august 1 if there is a chain split, better to hold until then and see what happen, i don't want to lose my coin because of this fork

People might think that altcoin is a new coin that has a value smaller than bitcoin. Therefore he considers bitcoin is the mother of altcoin.

Dude bitcoin is the main cryptocurrency. It is not an alternative coin. When we say alternative it is just like a replacement for the main. You can see alternative coins in market there js a website but i forgot the url. Well bitcoin is not an alt.

If Bitcoin don't hard fork it will lose its current position because it can not meet the volume and makes the transaction becomes more difficult

yes now Bitcoin started off being referred to as "a Project". Any body invest this project.

Yeah right, like metal then bitcoin is golden, and it must be admitted that bitcoin is to become a reference on the price of the other coin, take a look at trading then all refer to the price of the bitcoin.

Because bitcoin is the very first cryptocurrencies and also the top 1 or the king of the cryptocurrency market then the price of other coins are just depending in bitcoin. They are more likely to reach higher amount of price if bitcoin is down because the investors of altcoins can buy more bitcoin and also altcoin when the price of main currency is pretty low.

It is not only main, but also a lot of altcoins are addicted to bitcoin price. If it falls market also dumps, it is "The mother of other altcoins"  ;)

Your all the points correct, its simply idiotic to think bitcoin as altcoin first. Satoshi doesn't give out any copyrighted document to anyone to create by copying the technology he invented which is using to create new altcoins everyday. Altcoin are damn cheaper coin comparing it with btc.

Yes I agree with you, bitcoin is not altcoin and fork of somecoin is not altcoin. This is misconcept between fork and altcoin

I have saw people promoting the newly developed alts mostly will give you the example of bitcoin. They when introducing their currency will say that it is a digital currency like the bitcoin and will then tell you the price of the Bitcoin from where it started and where is it now. All such acts are encouraging for the Bitcoin and its users that the alts accept that bitcoin is the core cryptocurrency and the rest are the followers.

I think you do not understand what he wants to say he. I think that he wants to mention that bitcoin is no longer a good coin anymore and other cryptocurrencies are having a good chance to defeat bitcoinl. If the segwit2x does not happen, bitcoin will doom

Bitcoin is an altcoin is that true ?

Bitcoin may become altcoin, maybe, if it goes 2nd place in crypto currencies market cap. Because is it Bitcoin the first crypto currency that has been created so what in the earth that Bitcoin will become an altcoin.

From the word itself AltCoin meaning 'Alternative Coin' serving as an alternative to a one specific 'main' coin then that's it all about no more question about Bitcoin being the main of all crypto coins out there nonetheless in become 2nd.