Bitcoin Forum
May 05, 2024, 01:45:09 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: So, who stops bitcoin being forked over and over again in the future?  (Read 383 times)
PurpleDog (OP)
Member
**
Offline Offline

Activity: 162
Merit: 10


View Profile
August 02, 2017, 02:28:26 PM
 #1

It seems that forking the mother of all cryptos was something very doable.

Is there something stopping it from happening again and again in the future?

And how are mutliple forkings going to affect bitcoin?
1714916709
Hero Member
*
Offline Offline

Posts: 1714916709

View Profile Personal Message (Offline)

Ignore
1714916709
Reply with quote  #2

1714916709
Report to moderator
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714916709
Hero Member
*
Offline Offline

Posts: 1714916709

View Profile Personal Message (Offline)

Ignore
1714916709
Reply with quote  #2

1714916709
Report to moderator
1714916709
Hero Member
*
Offline Offline

Posts: 1714916709

View Profile Personal Message (Offline)

Ignore
1714916709
Reply with quote  #2

1714916709
Report to moderator
1714916709
Hero Member
*
Offline Offline

Posts: 1714916709

View Profile Personal Message (Offline)

Ignore
1714916709
Reply with quote  #2

1714916709
Report to moderator
kokojie
Legendary
*
Offline Offline

Activity: 1806
Merit: 1003



View Profile
August 02, 2017, 02:30:44 PM
 #2

Why stop it? different ideologies should be tested. I can foresee a Proof of Stake Bitcoin fork in the future.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
DannyHamilton
Legendary
*
Offline Offline

Activity: 3388
Merit: 4616



View Profile
August 02, 2017, 02:43:05 PM
 #3

It seems that forking the mother of all cryptos was something very doable.

Yes.  All it takes is enough people willing to mine and run nodes.

Essentially nearly every altcoin is just a fork of bitcoin that forks at the genesis block.

Is there something stopping it from happening again and again in the future?

Nope.  Anyone that can get enough people together that are willing to mine and run nodes on the fork, can create their own fork.

And how are mutliple forkings going to affect bitcoin?

That will depend on how popular those forks are.
BitWhale
Sr. Member
****
Offline Offline

Activity: 279
Merit: 250



View Profile
August 02, 2017, 03:29:53 PM
 #4

Especially since everyone is under the impression that we literally just created 6b+ in "FREE MONEY". You had me at free.

Denker
Legendary
*
Offline Offline

Activity: 1442
Merit: 1014


View Profile
August 02, 2017, 03:35:19 PM
 #5

It seems that forking the mother of all cryptos was something very doable.

Is there something stopping it from happening again and again in the future?

And how are mutliple forkings going to affect bitcoin?

Why should you stop forking it?
It happened in the past and will probably happen in the future again.
If people want to create altcoins out of Bitcoin they are free to do so. This is what happened yesterday.
Another altcoin named Bcash was created.
Bitcoin stays Bitcoin. It gets the technological upgrade, called Segit, many are waiting for over a year now and then the network will continue progressing. The future looks bright.
tjweb
Jr. Member
*
Offline Offline

Activity: 32
Merit: 1


View Profile WWW
August 02, 2017, 03:42:07 PM
 #6

The exchange LiveCoin.net did not credited my new magic Internet money! I am disappointed. They claim that will enable BCH after it is 'official', but no action so far.
hatshepsut93
Legendary
*
Offline Offline

Activity: 2968
Merit: 2145



View Profile
August 02, 2017, 03:42:59 PM
 #7

It seems that forking the mother of all cryptos was something very doable.


It was always doable. It happened before. This time it happened during the scaling drama, so it got a lot of attention, even mainstream media were publishing sensationalist articles like "Bitcoin split in two, future uncertain".


Is there something stopping it from happening again and again in the future?


No, it's the nature of blockchain and open-source projects.


And how are mutliple forkings going to affect bitcoin?

In the long run - they are irrelevant, unless they somehow deliver better network than Bitcoin - but I don't see it happening in the near future (2-5 years).
Short-term effects of forks may vary from near-zero to somewhat distracting.

.BEST.CHANGE..███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
brampower
Sr. Member
****
Offline Offline

Activity: 327
Merit: 250


View Profile
August 02, 2017, 04:40:05 PM
 #8

The exchange LiveCoin.net did not credited my new magic Internet money! I am disappointed. They claim that will enable BCH after it is 'official', but no action so far.
If they gave a clear notification that they will be crediting their users with the split coin then they might provide you the coins,but the safest thing was always moving your coins to your own wallet and it was said and notified everywhere and if you would have done that then you would have started using the fork coin.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!