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Author Topic: Is a Fork coming or is it too early to know for sure?  (Read 785 times)
mr.mister
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March 22, 2017, 10:41:26 PM
 #1


What are the factors that will determine whether Bitcoin will fork or not? 


If it forks, will I need 2 seperate wallets?

Is it true that my coins will double if it forks?

When is Bitcoin expected to fork?


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Carlton Banks
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March 22, 2017, 10:49:18 PM
 #2

Now that BU promoters have begun to promote yet more alternative hard-forks, well, it's possible that the BU camp is in disarray.

Which might not stop Bitmain from just forking anyway, but I'm not quite seeing that happening. I predict they will do the same thing as the last 2 failed coups; abandon the latest failure, and start pushing for the new hard-fork, which will of course will also be much better than Core (and will also die a death). Cheesy

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March 22, 2017, 11:33:56 PM
 #3

Now that BU promoters have begun to promote yet more alternative hard-forks, well, it's possible that the BU camp is in disarray.

Which might not stop Bitmain from just forking anyway,
bitmain forking off at 16%.. im laughing
plase learn consensus.. strangely in the last 48 hours i thought you were starting to grasp it.. now your talking about controversial and bilateral splits
why would a pool do that at just 16%.

hell while we are at it.. why would/wouldnt BTCC/bitfury do the exact same thing... (putting shoe on other foot)

but I'm not quite seeing that happening. I predict they will do the same thing as the last 2 failed coups; abandon the latest failure, and start pushing for the new hard-fork, which will of course will also be much better than Core (and will also die a death). Cheesy

or just do a core. and not listen to the community. and instead bribe(fee discount), blackmail(BIP9/UASF) and threaten(PoW along change) to get what only core desire.. and stand their ground point fingers at everyone else playing a victim card

if core actually took a step back and thought.. hmmm voting isnt going well. lets try something that the community might accept. then things could move forward.

having different implementations actually can help increase the odds of something happening

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March 23, 2017, 06:16:56 AM
 #4


What are the factors that will determine whether Bitcoin will fork or not? 


If it forks, will I need 2 seperate wallets?

Is it true that my coins will double if it forks?

When is Bitcoin expected to fork?


Yes, I think that your coins will double and you will need 2 separate wallets, depending on whether the wallet you own allows both blockchains. And with regard to the fork not yet known to happen because some exchanges they will designate BTC to the chain who has more mining power and others exchanges that they will add BTU as altcoin

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March 23, 2017, 06:31:50 AM
 #5

without 75% consensus from miners, there will be no hard fork and not BU therefore don't worry for now, still more than half-way to go, only 36% now

you probably need the Bitcoin unlimited client if there will be a split yes and you want to use both coins

about the split it's uncertain , it seems that they will double in case of a split not in case of BU being the new main chain

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Carlton Banks
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March 23, 2017, 06:57:13 AM
 #6

without 75% consensus from miners, there will be no hard fork

No, Bitmain has publicly stated already that they will alter the BU software to fork at 51% if they consider that to be advantageous. Anywhere between 51% and 75% is the real answer.

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March 23, 2017, 07:08:35 AM
 #7

There won't be a hard fork.  Those that could do so, have no interest in doing it.  Those that have an interest, can't do it.
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March 23, 2017, 08:14:48 AM
 #8

What is the interest for BITMAIN to fork bitcoin? Why would they want to fork it and for what purpose? I really do not understand the advantages of hard forking bitcoin. Can anyone explain to me what will happen if it does?

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March 23, 2017, 08:41:43 AM
 #9

Bitcoin traders are preparing for the worst case on what will happen when the impending fork will happen, the discussion is increasing about whether bitcoin could see a hard fork, by which new software could be introduced that alters the existing rules of the network. and because a wide range of traders are reporting they are preparing for a potential split by pulling capital from the market or otherwise placing bets that the digital currency's price will decline in the short term.

Well it is just a discussion that might happen and we could really not see the conclusion on what will become with bitcoin,

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March 23, 2017, 09:01:51 AM
 #10

What is the interest for BITMAIN to fork bitcoin? Why would they want to fork it and for what purpose? I really do not understand the advantages of hard forking bitcoin. Can anyone explain to me what will happen if it does?
What will happen if there is a fork is that you will have two bitcoin for every one bitcoin that you own.  Basically, you double your money instantly. 

Please start to cheer for a fork. 


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