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Author Topic: Forking Dilemma:The ticking time bomb that will render cryptos untenable...  (Read 656 times)
dothebeats
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September 30, 2017, 07:04:02 AM
 #21

So what would you suggest to improve the features of a coin?

Hard forks are usually bad seeing that it creates two different markets of the same goal: to be the best selling coin and top chain so that all the money would flow toward it. Aside from that, a hard fork creates a new coin with different festures and other implementations which may be different from the original coin, thus creating two coins with the same core concept but with different functionalities, thus creating two choices for people what to use and most especially what benefits them. It isn't entirely bad if you see it on a bigger picture as it creates more room for people to choose and most of the time, the market adapts.

It only becomes bad when these coins are being milked out by greedy investors. That's where the problem is and not really the forking itself.

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Reez
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September 30, 2017, 12:29:56 PM
 #22

Forks are good things. They can try and copy Bitcoin as much as possible and say that they're the real Bitcoin as much as possible, but people are getting harder to trick now. They know Bitcoin is the good shit and don't want that fake shit.

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September 30, 2017, 12:33:51 PM
 #23

People can freely fork Bitcoin at any given time if they have enough hashrate, let them fork. Even if ideally we should all stay together in a chain to have the highest hashrate possible, this is delusional, sometimes there are irreconcilable differences. The problem is when they try to pass it as "Bitcoin" like segwit2x is trying to do, by trying to kill the legacy chain. Then we are going to see some serious problems.

Im expecting more NYA singers to drop like flies in the coming weeks. It would be a failure for Bitcoin if the protocol can be changed by bribing miners with USD.
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