BTC Hard fork is a good thing. ETH did very well.

[shield132]

Cheers!

How come BTC price drops? ETH price dropped before hardfork. Panic, FUD....

And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less.

So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now.

Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine.  

I remember Lauda told me some months ago that there is nothing going to happen like hard fork in bitcoin's life. To my mind that's ok because hard forks on ethereum caused that many people were upset about that and their trust went down as I understand from people's reply on this forum. That no hard forks makes bitcoin trustworthy..

[1714916224]

1714916224

[1714916224]

1714916224

[1714916224]

1714916224

[xskl0]

I'm  not an expert of bitcoin but look likes very necessary to do the fork.

if you are not an expert how do you know "it is necessary to fork"?!!

Because people moving to ETH/DASH

Since everyone is calling for a fork so each and every individual is calling for a fork without knowing what it is ,that is what happened here. People are not moving to ETH and Dash because of bitcoin,people are investing in alt coins for a very long time and now these alts had a great push ,regarding the fork the core has to increase the block size to 2 mb to tackle the recent issue and then look for a better alternative at a later time and i do thing that is the best option in order to avoid any split.

Thanks, now I understand it better 

[springgers]

Can anybody here create a easy to understand explanation to what this is all about? Cause it has become very confusing what is going on with Bitcoin Unlimited and it wanting to become an alt coin and ETH becoming it's own from starting as toting itself as a smart contract.
A youtube video perhaps?

[IsaacBitcoiner]

Maybe some guys make some profit in the short term, but I think for the long term this would be something bad for Bitcoin. Things like this will define how users and investors will see Bitcoin in the future.

[centralbanksequalsbombs]

ETH:
Mining centralization: Check.
Developer centralization: Check.
Capitalist centralization: Check.
Scalability issues: Check.
You can't directly compare a HF on a centralized scam coin to a HF on a decentralized and immutable coin.

+1. Thank you @Lauda. OP, you can checkback in 5 years and see how things turned out. 

Bitcoin's integrity has remained intact - fear mongerers have been aplenty in the past, are here today, and will come in the future and they will and have said 'Bitcoin is flawed, it is bugged, and action needs to be taken to change it relatively soon!' - wrong, wrong, wrong. Bitcoin has worked beautifully as the world's premier store of value/investment and again its integrity has remained intact.

[Lauda]

I remember Lauda told me some months ago that there is nothing going to happen like hard fork in bitcoin's life.

You must be mistaken, I was probably referring to a specific hard fork and not all hard forks in general.

I'm  not an expert of bitcoin but look likes very necessary to do the fork.

if you are not an expert how do you know "it is necessary to fork"?!!

Because people moving to ETH/DASH

Nobody that has any integrity, or brain power for that matter, is moving to either shitcoin.

Can anybody here create a easy to understand explanation to what this is all about? Cause it has become very confusing what is going on with Bitcoin Unlimited and it wanting to become an alt coin and ETH becoming it's own from starting as toting itself as a smart contract.

You probably need not worry about it in that case. You could just read up about hard forks in general, which would be a decent starting point if you wanted to.

[Sadlife]

The answer is simple if you dont want any hardfork then there must be only one blockchain. The solutions are out there then let the choice be made what are we hesitating for?
The problem is that people are still deciding whether to pick BU or bitcoin core devs. Arguing and debating will not solve anything in the end when bitcoin scaling is getting worse day by day. After all this is all trial and error