Bitcoin Forum

Constantly creating Forks of BTC and calling them BCH or whatever is going to end up being a massive disaster for them cryptocurrency industry. There's already talk of a new fork supported by Segwit and Coindesk etc to fork BTC again this November! This is totally unacceptable. I think that it is a matter of time before the market catches on to this fraud of forking, which literally billions of dollars of value from nowhere. Just imagine if the New York stock exchange (or a random group of traders) decided to create a 'Forked version' of itself. Literally, no one would ascribe any value to it and everyone would see it for what it was.. day light fraud. People are going to catch on soon, and BTC will fall if this continues.

The only reason BTC has any value is that it has name recognition and a reputation for stability (compared to eth atleast). We need to save BTC from this tyranny which causes instability and goes against the fundamental of cryptos.

lol it's easier said than done my friend. Its like saying "no more war! People die needlessly" sure that's all true but politics and greed and human folly means wars will continue in one form or another.

Wars can be politically motivated, religious or just economic. That's what is happening right now, an economic war, that threatened to change everything. Everyone wants their part of the pie so to speak

there is nothing wrong with forking bitcoin. there has been other forks in bitcoin throughout the history, you just never heard of any of them because the politics never got involved in any of these forks and each went smoothly and with consensus.

if you have a problem with a specific fork then come out and say it directly. fork in general is not bad and it is actually needed to move forward.

stability of bitcoin comes from it being decentralized and each fork being based on consensus.
for example SegWit was originally planned to fork after 95% support.
the fork for activating BIP16 (P2SH) was also after 95% support
compared to altcoins the dev decides they need a fork and releases an "upgrade" which everyone has to follow.

The value of Bitcoin is not stability (resistance to change will not help).
The value of Bitcoin will be high if it is fast, cheap and safe.

If you try to break a bunch of branches then you will not succeed, but if you pull one thread you can easily break the entire bundle. This could happen with bitcoin. It is a pity that people do not understand. Any plug affects the credibility of bitcoin. In the end, it could kill him.

sounds good , doesn't work

So this is all done specifically to make money out of nothing. Now pay for Bitcoin Cash, the price is $ 600.
Imagine you have 100 Bitcoin, after the blockchain split, you will also get 100 Bitcoin Cash, simply by doing nothing.
In November, there will be Bitcoin Cash 2 or just Bitcoin 3, no matter. Again they will make money just like that, again someone will become richer for a couple of billions.

Hah. You wish dude. Like it or not we're gonna get more forks in the future. That's one of the few downsides of decentralization. We're gonna get more and more disagreements in the months and years to come; it's almost guaranteed to happen. If I remember correctly the next fork will possibly be in November. Hang on dude, it's gonna be a bumpy ride.

As much as I dislike unnecissary and/or out of consensus forks the reality is if Bitcoin cant survive a minority fork its best it dies now letting something more robust take its place rather than 10, 20, 30+ years down the track when many more people rely on it and the detractors will no doubt be much bigger. If it survives, the short term disruption can be a PITA but ultimately it gives it a chance to prove its strength giving sceptics one less thing to worry about bringing new people in and discarding/marginalising some of the ones that are out of consensus.

Bitcoin being decentralised, you can't escape these major and minor forks. I would say if not all but some forks were and are indeed necessary for Bitcoin's future. Some technical changes and updates need to be made with time. Let's see how much support the November fork has, it either gets enough majority or get doomed completely. The middle situation would lead to drastic splitting.

Bitcoin Still keeps on forward even with the multiple Fork it receives they I think bitcoin is a tough one and it proves that bitcoin can be trusted with your investment that is why the government wants a hold on the authority in controlling it, but it would never happen because of the decentralize nature of bitcoin it will never dies as long as there are many supporters it has.

There is also a good side in this - it increases the resiliency. But i agree - many forks of BTC can cause confusion with the new investors. We will see what will happen most of the altcoins in the future what actually any btc fork effectively becomes.

Bitcoin will survive. Look at the dynamics of its price and the dynamics of volume. If you ask a simple person what is a cryptocurrency, he will say that bitcoin, he does not know what is so etherum, zcash and other altcoins.
Bitcoin has a good media, everyone is talking about him. Therefore, bitcoin will be wiped out, and all other branches (forks) of bitcoins will sooner or later disappear.

Forking bitcoin hasn't been about making money out of thin air.  It has been about improving the technology and making it more useful to a wider group of people.

They want to hijack bitcoin's development and brand, that's why they are forking bitcoin and still calling it bitcoin and not JustAnotherAltCoin.

Check this article, what we need to now about SegWit2X: https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-about-the-2mb-hard-fork-27749e1544ce

SegWit2X has been losing supporters and it may never happen.

I agree with your statement. But the thing here is if we as a majority of the crypto community reject pointless forks, and refuse the 'forkers' from calling their shit coin Bitcoin, then BTC could survive.  Ultimately, after 3-4 more BTC Forks, the market will correct itself and it'll be harsh.

This is an argument which i don't believe in. if its about improving technology, let them create their forked versions and call it something else.

Do I really need to say this? when Satoshi uploaded Bitcoin to the open source platform such as source forge which he changed it to GitHub later on after

The disaster, he gave it away for free, it's still free it just costs money for using too much electricity, you can use it or leave it, you can also fork it and if

You have a deep pocket you could then support your fork altcoin by creating some buy orders. when you can't stop people from doing that, you know what

You can do though? you can enjoy having free extra cash when they do fork it and create another chain why do you think price jumped suddenly to the

Current value? people are buying to have more extra free cash when the next possible split happens.

reality showed us that those who made this split are the one who earn a lot those who understand and already knew what will happen after the fork are ready to grab those free bch and enjoying as of now then waiting for another fork and what will we expect? learn from a mistake and go with the flow.

This is simple fraud under the pretext of improving Bitcoin. They are using the most established cryptocurrency brand and creating un-necessary or ineffective forks and propping them up to inflate their value. I won't be surprised if major backers of this are investigated for a range of financial crimes.

As bitcoin is open source software anybody can fork it or clone it and can run it as independent blockchain project. Which is quite similar to all splits we will have after each mandatory hard fork like the recent one (bitcoin cash). Bitcoin cash still holds some value just like other new altcoin that might not harm bitcoin.

I don't think we have to worry much about all those clone supported by few miners and billionaires.

If we do it right, should only require 1 more fork to never fork again. Segwit is already activated, 2x will increase onchain capacity to make sure all the LN settlements are done in a good and orderly manner. But need the devs to work on the 2x part right now. I don't think the current team by themselves are up to the task

There is an other way to see hardforks :

Since the fork, for each BTC owner before august 1rst, BCC/BCH hardfork is a +15% profit operation in BTC.
And since this fork, BTC increase it's price of more 100%.

If Bitcoin is as strong that I think, it can make the same for a BTC2X fork.

Why not this fork in november ?

And one of the best way to minimise the power of these hardfork is probably to multiply it.

Bitcoin worth over $4300, it's a higher price compare to any other cryptocurrencies.
Yes, bitcoin has the name and credibility among all the coins which it's the first one of digital currency.
There are a lot of copies of bitcoin not just bitcoin cash and some names that similar with bitcoin such as bitcoin dark, bitcoin lite, bitcoin plus and coming soon btc1 after segwit2x hard fork.
These coins has value because people put money in it and labeling value based on trading volume, not bad at all as long as we could get free bitcoin1 and the history may repeated once more, just like bitcoin cash hard fork. The most profitable coin will last forever and has the highest price obviously.

There is no choice, we need to fork to improve bitcoin. Whether it is softfork or hardfork, it will still happen in the future. Let us just hope there is not too much politics invloved in the next fork that will happen.

Bitcoin Cash – Which Raises The Size Of The Network's Transaction Blocks While Doing Away With Other Capacity Upgrades – Is Being Advanced As An Alternative To Existing Scaling Efforts. Some Of Those Who Backed Prior Efforts Aimed At Raising The Block Size Have Since Moved To Support Bitcoin Cash.
It Won't Work Out Well For One Of The Forks, But One Will Prove To Be Better And The Minority That Where Not Convinced In The Beginning Will Eventually Get On Board.

Even how hard you would say these thing against forks you cant stop them and that upcoming fork on November would possibly be activated again and would really make repeat on the situation just like what happen on post August 1 event. Instead of being pissed its much better that you should go with the flow and be attentive enough to see on dipping its price because I'm sure it would really happen again and that would be the golden opportunity for us to buy even more bitcoin.

Its really sad to see that some people are trying to destroy bitcoin for their individual benefits.They all have enjoyed tremendous benefits from bitcoin including financial freedom and now they are behaving unloyal to bitcoin.Mostly,they are chinese.first,they tried to create BU and failed,then ried to create a clone of bitcoin BCC.Now again,in november,most of miners ,companies and users who had signed an agreement NYA in new york in may had decided to hard fork bitcoin for another time in november by activating segwit 2x with 2 MB block space.So,we would be having three versions of bitcoin at the end of november,Bitcoin with segwit,Bitcoin cash with 8 MB block and bitcoin with segwit 2x.Its clear that only two versions of bitcoin would survive and one is for sure going to die.It would definitely spoil the reputation of bitcoin very badly.

No one can build on shifting foundations. How sure are you that the price won't fall to below $1k. This blatant fraud must stop. If the would fork Bitcoin and call it something else, no one has a problem with that. All I ask for is leave BTCalone, Continue mining it or nor. Im certain a vast majority of people would rather have BTC the way it is regardless of the transaction costs etc.

,in my own opinion whether you like it or not news such as major and minor forks may or may not happen in the future because bitcoin is decentralized, and I guess it can't be help, while some people are using it against holder of bitcoin, and some also are taking advantage about it. in the end it is still up to the ones holding bitcoin if they would be affected or not, in any cases it is also good to be updated about current news and happenings in bitcoin I guess.

there is a good side to this though. right now that bitcoin is still young and small but yet big, it is best to get all these forks, as many as possible out of the way. let them fork and let us see how bitcoin resists all of them.

in the end when bitcion remains strong through all this, it will become even stronger. there won't be any "fear of fork" in the future as everyone will know what consensus means.

My friend I share in your grouse which I am sure that quite a number of people do as well but unfortunately, that does not change the situation of things if words or campaign mattered, then BCH would not have seen the other of the day but alas its reverse and even those who dump because of their grouse ended up blaming themselves when the price started to increase.

No matter how much you do hate it but you cant stop them specially for those people who do have power to decide on this kind of events on bitcoin or even on altcoin too. IF you don't like it then better to get used to it because there would really be these kind of events would happen on bitcoin along the way.Im not saying that bitcoin wont go back on $1000 price but dips would really happen but going that low seems impossible as of now.

Boy are you lost.  Like an idiot in the wind.  wtf are you trying to promote.  lol.  so damn funny.  Do they get any more clueless than this guy?

I have a fun question for you:
Which is more like the original Satoshi White Paper bitcoin: SegWit/Core or Bitcoin Cash?.

All you ask is leave BTC alone?  Well, maybe SegWit2X should call their alt something else.  The fight for the Bitcoin brand is a strange part of the fork.

Yup.. .. that's a very convincing argument you put forward.

The recipe is this : Take some money, and find a reason to split the community. {censorship excuse} Then hire some

developers to fork Bitcoin for you. {usually the disgruntled} Then use your money to create a platform where people can

hype up your ideas in solidarity to your cause. {freedom of speech}  ::) ::) .... Fork Bitcoin and get some free coins... use

some more money to hype up demand for those coins and viola... you made a shitload of free profits.  ;)

I guess upcoming excuse for fork would be : block size

Segwit2x is such an obvious hardfork that has alternative reasoning. Just look at how it works, segwit was designed in a very creative way to be a softfork and not touch any legacy nodes that only allow 1mb blocks, meanwhile segwit nodes can accept up to 4mb blocks from the added witness data, even though we should only see an average of 2mb. All that segwit2x does, is the same thing, except double all the sizes, which requires a hard fork. Literally, what is the point of going through all the hard work segwit went through to AVOID a hard fork, just to end up DOING the hardfork anyways!??!

Its because Segwit by itself isn't going to scale very well, at least not in the short/long term. At some point we WILL have to hardfork or Bitcoin will die, plain and simple. The masses won't care that about all the legacy nodes, they won't care about any of the technical marvels that make Segwit an amazing upgrade. They just want low fee transactions. Even with Segwit, a 1mb block will hinder Bitcoin's transaction capabilities. But a 2mb legacy block + Segwit? now THATS something that can scale, and with scale comes more adoptions, more usage. And with adoption and usage comes price increase, because Bitcoin will still be scarce and it will still be secure. So with this NYA, Bitcoin will have a future, and it will be a bright one.


Or on the other hand, everyone can call each other names, label each other as the enemy and keep the community divided while I go and invest in some altcoin that has a brighter future because their community is not crazy yet.

either way works really