|
Title: So, who stops bitcoin being forked over and over again in the future? Post by: PurpleDog on August 02, 2017, 02:28:26 PM It seems that forking the mother of all cryptos was something very doable.
Is there something stopping it from happening again and again in the future? And how are mutliple forkings going to affect bitcoin? Title: Re: So, who stops bitcoin being forked over and over again in the future? Post by: kokojie on August 02, 2017, 02:30:44 PM Why stop it? different ideologies should be tested. I can foresee a Proof of Stake Bitcoin fork in the future.
Title: Re: So, who stops bitcoin being forked over and over again in the future? Post by: DannyHamilton on August 02, 2017, 02:43:05 PM It seems that forking the mother of all cryptos was something very doable. Yes. All it takes is enough people willing to mine and run nodes. Essentially nearly every altcoin is just a fork of bitcoin that forks at the genesis block. Is there something stopping it from happening again and again in the future? Nope. Anyone that can get enough people together that are willing to mine and run nodes on the fork, can create their own fork. And how are mutliple forkings going to affect bitcoin? That will depend on how popular those forks are. Title: Re: So, who stops bitcoin being forked over and over again in the future? Post by: BitWhale on August 02, 2017, 03:29:53 PM Especially since everyone is under the impression that we literally just created 6b+ in "FREE MONEY". You had me at free.
Title: Re: So, who stops bitcoin being forked over and over again in the future? Post by: Denker on August 02, 2017, 03:35:19 PM It seems that forking the mother of all cryptos was something very doable. Is there something stopping it from happening again and again in the future? And how are mutliple forkings going to affect bitcoin? Why should you stop forking it? It happened in the past and will probably happen in the future again. If people want to create altcoins out of Bitcoin they are free to do so. This is what happened yesterday. Another altcoin named Bcash was created. Bitcoin stays Bitcoin. It gets the technological upgrade, called Segit, many are waiting for over a year now and then the network will continue progressing. The future looks bright. Title: Re: So, who stops bitcoin being forked over and over again in the future? Post by: tjweb on August 02, 2017, 03:42:07 PM The exchange LiveCoin.net did not credited my new magic Internet money (https://bitcointalk.org/index.php?topic=1428405.msg20563546#msg20563546)! I am disappointed. They claim that will enable BCH after it is 'official', but no action so far.
Title: Re: So, who stops bitcoin being forked over and over again in the future? Post by: hatshepsut93 on August 02, 2017, 03:42:59 PM It seems that forking the mother of all cryptos was something very doable. It was always doable. It happened before. This time it happened during the scaling drama, so it got a lot of attention, even mainstream media were publishing sensationalist articles like "Bitcoin split in two, future uncertain". Is there something stopping it from happening again and again in the future? No, it's the nature of blockchain and open-source projects. And how are mutliple forkings going to affect bitcoin? In the long run - they are irrelevant, unless they somehow deliver better network than Bitcoin - but I don't see it happening in the near future (2-5 years). Short-term effects of forks may vary from near-zero to somewhat distracting. Title: Re: So, who stops bitcoin being forked over and over again in the future? Post by: brampower on August 02, 2017, 04:40:05 PM The exchange LiveCoin.net did not credited my new magic Internet money (https://bitcointalk.org/index.php?topic=1428405.msg20563546#msg20563546)! I am disappointed. They claim that will enable BCH after it is 'official', but no action so far. If they gave a clear notification that they will be crediting their users with the split coin then they might provide you the coins,but the safest thing was always moving your coins to your own wallet and it was said and notified everywhere and if you would have done that then you would have started using the fork coin. |