Bitcoin Forum

What are your thoughts on the next bitcoin hard fork, bitcoin gold. How much of a challenge would it be to the bitcoin cash.

I dont like it because I think it devalues the real bitcoin from the perspective of people not in the crypto world.

Is bitcoin gold a split for segwit2x and bitcoin is not going to adopt segwit2x? I am still unsure on these details

2x is a scam sham wabam.

To me, Bitcoin gold seems insignificant. Especially after looking at the state of Bitcoin cash

What is wrong with Bitcoin Cash? It is not even 2 months old, and yet it is having a market cap of close to $8 billion. Which other altcoin can boast of such a large market cap in a very short duration? And the best thing about BCH is that it didn't negatively affected the BTC market cap.

Well Bitcoin Cash had a lot of community support and kinda still has. But what does that Bitcoin gold have ?
Nothing just a name with no value as it actually adds nothing new. Who will be interested ???

I just saw another new altcoin that goes with the name "Ethereum Dark". Does it offer anything new ? Nope. Same scenario.
Just trying to get attention by a good name and creating threads about it every now and then as if that's the proper way to make a project succeed.

They'll die before they're born.

All forked version of bitcoin can survive as another bitcoin clone or altcoin just like how bitcoin cash is now stabilizing itself on market. Hard fork in November is still not fixed but if there will be another fork than you can expect a huge dump on bitcoin price but after fork and when all  painc on market will settle bitcoin with majority of support will be pumped hard to moon.

BCH has created a precedent of the first somewhat successful  Bitcoin fork in terms of its price (at least for today), so it's natural that others might want to try and repeat it in order to speculate and profit from "free coins". The other major force behind "bitcoin gold" are miners - Ethereum's profitability is going down and eventually it will go PoS, other coins also aren't very attractive for mining, so many GPU miners would have to quit at some point at the future. But before that, this GPU Bitcoin fork might allow them to mine for a few months to squeeze some profit from their cards before selling them on secondary markets.

I'm happy to get BCH from hardfork but I'm also very anxious because bitcoin has the potential to have no value in the process. The odds are 50:50 so we should not be too happy with this. Hardfork is the solution of every complicated problem but can also kill bitcoin in a short time.

[/b]Exactly, it didn't affect Bitcoin market negatively because it was a distraction and unnecessary else it ought to have taken Bitcoin to the cleaners! In the same vein, Bitcoin gold is only a distraction and greed of its promoters to line up their pockets with what they were unable to do with Bitcoin. Won't be surprised if after a few years, we would have had a thousand and one Bitcoin hard forks. At any rate, Bitcoin core remains the one and only legitimate Bitcoin and would continue to wax even stronger.