Bitcoin Forum

We are waiting for 50 forks Bitcoin in 2018

Amateurs cloned Bitcoin for profit.

 Last year, there was about 19 forks the Bitcoin, in the current year can appear even 50. Such services as Forkgen, allow you to run your forks, possessing rudimentary programming skills. George Kimionis: Most forks - mutants Fork started for different reasons, some enthusiasts are trying to upgrade Bitcoin, but most focus on quick profits, says George Kimionis, CEO Coinomi, purse, which allows owners to use new Bitcoin Fork. Already announced a fork of Bitcoin Private, the exact date is still unknown launch. Rhett Creighton, developer of the coin says "We will see another bunch of forks Bitcoin». Creighton your fork is positioned as a more confidential than the original the Bitcoin, writes Mybroadband

More (https://freedman.club/en/nas-zhdut-50-forkov-bitcoin-v-2018-godu/#hcq=Zm9KyHq)

That's indeed a lot. Considering how many ICOs are coming out now, this huge number of forks is expected. High competition means there will be a higher progress.

The problem is not in the number of forks. It's in the people who actually trust these forks are believe they will somehow replace Bitcoin. If bitcoin cash which was backed by miners and big whales couldn't do that, how could expect from other forks to do so? I suggest to dump these scam forks and accumulate more bitcoin.

whos need this forks ?

only btccash is good others is just for speculations

The only fork that has turned out to be successful from the last couple of months is Bitcoin Cash (BCH) the rest of these forked bitcoins have failed to convince users to rally behind them and I expect less support for any forked bitcoin alts to continue.

People are tired of not getting results ,we might not even see a quarter of this predicted number :P

I don't think anyone needs any fork..until and unless we are in a urgent dire need of one right now the segWit addresses are working very fine they have increased the transaction speed and the cost is comparatively less too thus I do think that any other unnecessary argumentations is not needed besides... When a fork is launched officially I do think that one will need more than what you mentioned ...well you need support from authorities and. ..that's really important to understand that fork is important at it's place but unnecessary forks are not something that you should be happy about.

I don't think so. The fork constant can undermine the confidence of people to cryptocurrency and we can own hands to kill bitcoin. I was very surprised to see how people rejoice when the forks they get free coins. Are you not aware of the fact that the capitalization of bitcoin decreases. In return, you get coins that are worth nothing.

These forks are the things that's ruining Bitcoin. They are greedy people who just wants FREE MONEY and doesn't really care for the community. They are the poison of Crypto Society. Most of the coins that were results from the previous fork are just shit coins! I'm not referring to all but majority of them are useless!

I don't care about the forks anymore because the coins from these forks are totally useless and created for the sake of quick money for the big whales.But why this much of forks is happening and it keeps decreasing the value of bitcoin by adding new coin to the crypto currency list at every forks.I am just looking for the implementation of lightning network but I think it may take few more years. :(

What would be our benefits from this forks anyway? I don't think creating 50+ forks can solve the problem of Bitcoin. They will end up just like any other coins being used in the market just like BCH.

Forks and its existence is a solid proof that Bitcoin is a permissionless system. You don't need to deal with anyone when creating and implementing a hard or soft fork. Be glad that the proof is out there.

little doubt here about hardfork,
whether it can lead to successful investment in bitcoin with higher bitcoin prices hight,
or will trigger many SCAM projects that lead the digital currency to destruction due to investor distrust

This was expected as bitcoin needs to be upgraded on timely basis and also nowadays there are many numbers of ICO's that are been released every day and now you can expect this much big number of forks appearing by the year-end and also 50 is not a great big deal if there are thousands of ICO and coins which are competing with bitcoin, but I can see that this fork can help trader's too by making the bitcoin prices more volatile and tradeable, you can trade them easily and i will be the one who will surely make use of this FORKS for trading benefits.

there has been much more than 50 in the past years, but not many made it to public

the returns are already diminishing. with alot of the forks around now you can't find one single wallet. you have to throw together python scripts and try to find a node to move these coins.

there's no threat any more. bcash is the only one that had a real chance. everything else will fade into nothing.

This is true. They're the reason why some people see BTC trading as a scam. They're literally a waste of energy. They copy the same technology over and over again and they wrap it in different colors, then they market it as if they discovered a break through. They make it hard to distinguish actual scientific break through from rip-off scams designed to make as much money as possible. It's a hindrance to the economic and technological growth of BTC and some other decent crypto currencies. I just wish they make something that actually addresses the technological problems crypto currencies are facing.

right, so far i don't see anything good from BTG, and BTC Diamond i think it is some fail project too because it is not released untill now in some exchangers, even my local exchanger don't know when the time it released

These forks are happening because people like free money.

Usually what happens is that an exchange announces it is supporting the new forked coin. This prompts people to send their bitcoins to the exchange to qualify for the airdrop. The exchange then has a full bitcoin wallet (which is what they are really after).

That's too many and most would probably have no use or will end up as shitcoins clogging the market. 50 forks? That's 50 bitcoin somethings. Lol imagine how difficult it would be to name all those btc subcoins.

One of the advantage of having a fork would be an opportunity will again open up especially for developers, another coin will born and could make us rich as well,  we do have different perceptions about it as some people would prefer not to have a fork as this would kill the price of bitcoin but this is already a system and cannot stop anymore.

It's gonna be interesting to see which alt will start to airdrop on people in the same way.

There ain't many out there who have enough bitcoin to get a significant amount of these forked bitcoins.

If my nano ledger s is not supporting it, then I wont touch those forked coins. Would not risk losing all my bitcoin.

You don't need ledger to do anything.

Move your coins after whichever fork into another wallet.

Pull out the private key.

Get a new seed for the ledger and send your BTC back to the new address.

There's no risk, just some hassle.

is every fork make new "baby" coin ? if yes, there will be more coin
but i think , just few coin will acceptable on market  , and another will become a trash :(

I've never really concerned my self with these. Heck none of the people I know even bothered to go through the process of acquiring those forked alts.


Indeed, they are a major source of confusion for people new to cryptos. Though there's not much we users can do anyway.

I guess that number is too much, what is repaired by hardfork?
only hope without certainty. maybe I'm not too sure of it.
everyone has different predictions, and risks becoming a learner

What I think is these "hardforks" are only using the popularity of bitcoin because instead of solving the problem they add confusion to the public. They attach the name bitcoin to their coin in hopes to get more attention and confusion.

I dont think they are good for the long run but while they are happening I will take advantage of the cash from the sales and put it back into my BTC balance.

While ICO are still generating huge sums they will still keep coming. I wont get involved in ICO as I think the current alt market is saturated.

Yes you are right. Bitcoin mechanical problems are increasing day by day. Even There was no problems at the beginning of the year 2017, but at the end of 2017 we saw several fork. I think there will be more than 50 fork. But what is the need for so much? It would have been a Fork  to get the benefit of everyone.

Bitcoin business opportunity actually getting bigger opened with the forks, just the way some developers treat it for the sake of money purpose not the mission why it should have a fork , bitcoin cash are the pioneer of bitcoin fork and so far so good. They have a clear mission.

The problem with these forks are its making bitcoin and other crytocurrencies a joke. Its like 1 out of 10 forks may be legit ones everything else are for dumping for quick profits.
I believe those making forks are just lazy ass developer who cannot program something unique and just riding bitcoins popularity. The good thing about it, when fork dumping begins, it may make bitcoins value raise. So it still a win-win situation for btc.

you can consider using another hardware wallet synchronized with the same 24 word seed phrase.

At present they seem to support the same forked coins (i.e. BTC+BCH+BTG). BUT if in the future one of them supports some coins NOT supported in the other, then please remember that all hardware wallets behave the same when they are synchronized with the same seed phrase, so you may consider using them simulataneusly for different coins.

I am testing it currently with Trezor and Ledger and I had no conflicts.

But what can be done to claim a forked coin if NONE of the hardware wallets supports a given fork - I guess you are right, you can do nothing. However I would be very happy if some other member could offer another option.

If there were really 19 forks last year, the good thing is 17 of them were too unimportant for the majority to even notice them
I hope that forking is connected to a certain amount of work and investment.
If the large majority of those forks goes on without the bitcoin community taking notice of it, it might become not worth trying anymore.

It doesn't matter how many forks there are, bitcoin is the first and will always be the number 1 crypto. People will stop forking bitcoin when they realize there is no money in it, and no interest in switching all systems to a new coin. Exchanges will refuse to trade new cryptos being forked solely to pump and dump, and it is typically obvious which ones these are.

From what I have observed the bitcoin fork is just another form of ICO because fork was meant to reduce the transaction fee and make the transactions faster but now the reverse is the case.

I haven't seen any good reason why we would support these hardforks. Everyone of them promises to solve the problem of bitcoin but it seems they're just nothing.

50 forks of bitcoin per year, it's certainly a bit much. On average, there will be one fork each week. Despite the fact that most of them are useless, this folk art as a whole should positively influence the development of the crypto currency, because among these all the separated coins, sometimes there are smart ideas. Therefore, in general, I am positive about all new forks. In the future, the market will determine which of the new coins will be useful and in demand, and which ones will be unnecessary and will be forgotten. We do not lose anything from this, on the contrary, we can get these new coins for free. which have, as a rule, a decent value.

Be careful with this forks. You can loose all your bitcins trying claim forked.
90% of these forks dont release wallets, and you can claim it if your exchange support it.

Out of the 19 forks in 2017, I claimed just one (Bitcoin Cash). I need to claim the other forks as well, but exporting the private key is a bit risky. I would do that sometime in 2018, together with all these 50 other forks. Anyway, I am glad that these guys are forking Bitcoin. I am getting free coins, which I can either convert to BTC, or sell for fiat cash.

I do not agree with you here. We have already observed that almost all of the bitcoin forks till now were never successful and were simply designed to fill the pockets of their developers in a short period of time by degrading the reputation of bitcoin which is something that I do not endorse. The upcoming forks will also function in a similar manner for the most part and will most likely fail.

Honestly, the only fork of bitcoin that made sense to me was Bitcoin Cash which is doing well currently. Not many people have a lot of bitcoin which means that most of these forks will not be profitable for the majority.