NO MORE FORKING BITCOIN

[realdeanz]

Constantly creating Forks of BTC and calling them BCH or whatever is going to end up being a massive disaster for them cryptocurrency industry. There's already talk of a new fork supported by Segwit and Coindesk etc to fork BTC again this November! This is totally unacceptable. I think that it is a matter of time before the market catches on to this fraud of forking, which literally billions of dollars of value from nowhere. Just imagine if the New York stock exchange (or a random group of traders) decided to create a 'Forked version' of itself. Literally, no one would ascribe any value to it and everyone would see it for what it was.. day light fraud. People are going to catch on soon, and BTC will fall if this continues.

The only reason BTC has any value is that it has name recognition and a reputation for stability (compared to eth atleast). We need to save BTC from this tyranny which causes instability and goes against the fundamental of cryptos.

[baam25]

lol it's easier said than done my friend. Its like saying "no more war! People die needlessly" sure that's all true but politics and greed and human folly means wars will continue in one form or another.

Wars can be politically motivated, religious or just economic. That's what is happening right now, an economic war, that threatened to change everything. Everyone wants their part of the pie so to speak

[BitcoinHodler]

I think that it is a matter of time before the market catches on to this fraud of forking, which literally billions of dollars of value from nowhere.

there is nothing wrong with forking bitcoin. there has been other forks in bitcoin throughout the history, you just never heard of any of them because the politics never got involved in any of these forks and each went smoothly and with consensus.

if you have a problem with a specific fork then come out and say it directly. fork in general is not bad and it is actually needed to move forward.

The only reason BTC has any value is that it has name recognition and a reputation for stability (compared to eth atleast). We need to save BTC from this tyranny which causes instability and goes against the fundamental of cryptos.

stability of bitcoin comes from it being decentralized and each fork being based on consensus.
for example SegWit was originally planned to fork after 95% support.
the fork for activating BIP16 (P2SH) was also after 95% support
compared to altcoins the dev decides they need a fork and releases an "upgrade" which everyone has to follow.

[Oznog]

The only reason BTC has any value is that it has name recognition and a reputation for stability (compared to eth atleast).

The value of Bitcoin is not stability (resistance to change will not help).
The value of Bitcoin will be high if it is fast, cheap and safe.

[Basmic]

I think that it is a matter of time before the market catches on to this fraud of forking, which literally billions of dollars of value from nowhere.

there is nothing wrong with forking bitcoin. there has been other forks in bitcoin throughout the history, you just never heard of any of them because the politics never got involved in any of these forks and each went smoothly and with consensus.

if you have a problem with a specific fork then come out and say it directly. fork in general is not bad and it is actually needed to move forward.

The only reason BTC has any value is that it has name recognition and a reputation for stability (compared to eth atleast). We need to save BTC from this tyranny which causes instability and goes against the fundamental of cryptos.

stability of bitcoin comes from it being decentralized and each fork being based on consensus.
for example SegWit was originally planned to fork after 95% support.
the fork for activating BIP16 (P2SH) was also after 95% support
compared to altcoins the dev decides they need a fork and releases an "upgrade" which everyone has to follow.

If you try to break a bunch of branches then you will not succeed, but if you pull one thread you can easily break the entire bundle. This could happen with bitcoin. It is a pity that people do not understand. Any plug affects the credibility of bitcoin. In the end, it could kill him.

[Shateriere]

sounds good , doesn't work

[BTC-TK]

Constantly creating Forks of BTC and calling them BCH or whatever is going to end up being a massive disaster for them cryptocurrency industry. There's already talk of a new fork supported by Segwit and Coindesk etc to fork BTC again this November! This is totally unacceptable. I think that it is a matter of time before the market catches on to this fraud of forking, which literally billions of dollars of value from nowhere. Just imagine if the New York stock exchange (or a random group of traders) decided to create a 'Forked version' of itself. Literally, no one would ascribe any value to it and everyone would see it for what it was.. day light fraud. People are going to catch on soon, and BTC will fall if this continues.

The only reason BTC has any value is that it has name recognition and a reputation for stability (compared to eth atleast). We need to save BTC from this tyranny which causes instability and goes against the fundamental of cryptos.

So this is all done specifically to make money out of nothing. Now pay for Bitcoin Cash, the price is $ 600.
Imagine you have 100 Bitcoin, after the blockchain split, you will also get 100 Bitcoin Cash, simply by doing nothing.
In November, there will be Bitcoin Cash 2 or just Bitcoin 3, no matter. Again they will make money just like that, again someone will become richer for a couple of billions.

[mk4]

Hah. You wish dude. Like it or not we're gonna get more forks in the future. That's one of the few downsides of decentralization. We're gonna get more and more disagreements in the months and years to come; it's almost guaranteed to happen. If I remember correctly the next fork will possibly be in November. Hang on dude, it's gonna be a bumpy ride.

[Grrizz]

As much as I dislike unnecissary and/or out of consensus forks the reality is if Bitcoin cant survive a minority fork its best it dies now letting something more robust take its place rather than 10, 20, 30+ years down the track when many more people rely on it and the detractors will no doubt be much bigger. If it survives, the short term disruption can be a PITA but ultimately it gives it a chance to prove its strength giving sceptics one less thing to worry about bringing new people in and discarding/marginalising some of the ones that are out of consensus.

[iram1011]

Bitcoin being decentralised, you can't escape these major and minor forks. I would say if not all but some forks were and are indeed necessary for Bitcoin's future. Some technical changes and updates need to be made with time. Let's see how much support the November fork has, it either gets enough majority or get doomed completely. The middle situation would lead to drastic splitting.

[YuginKadoya]

As much as I dislike unnecissary and/or out of consensus forks the reality is if Bitcoin cant survive a minority fork its best it dies now letting something more robust take its place rather than 10, 20, 30+ years down the track when many more people rely on it and the detractors will no doubt be much bigger. If it survives, the short term disruption can be a PITA but ultimately it gives it a chance to prove its strength giving sceptics one less thing to worry about bringing new people in and discarding/marginalising some of the ones that are out of consensus.

Bitcoin Still keeps on forward even with the multiple Fork it receives they I think bitcoin is a tough one and it proves that bitcoin can be trusted with your investment that is why the government wants a hold on the authority in controlling it, but it would never happen because of the decentralize nature of bitcoin it will never dies as long as there are many supporters it has.

[salihno71]

There is also a good side in this - it increases the resiliency. But i agree - many forks of BTC can cause confusion with the new investors. We will see what will happen most of the altcoins in the future what actually any btc fork effectively becomes.

[BTC-TK]

As much as I dislike unnecissary and/or out of consensus forks the reality is if Bitcoin cant survive a minority fork its best it dies now letting something more robust take its place rather than 10, 20, 30+ years down the track when many more people rely on it and the detractors will no doubt be much bigger. If it survives, the short term disruption can be a PITA but ultimately it gives it a chance to prove its strength giving sceptics one less thing to worry about bringing new people in and discarding/marginalising some of the ones that are out of consensus.

Bitcoin will survive. Look at the dynamics of its price and the dynamics of volume. If you ask a simple person what is a cryptocurrency, he will say that bitcoin, he does not know what is so etherum, zcash and other altcoins.
Bitcoin has a good media, everyone is talking about him. Therefore, bitcoin will be wiped out, and all other branches (forks) of bitcoins will sooner or later disappear.

[anon4250158]

Forking bitcoin hasn't been about making money out of thin air.  It has been about improving the technology and making it more useful to a wider group of people.

[L]

They want to hijack bitcoin's development and brand, that's why they are forking bitcoin and still calling it bitcoin and not JustAnotherAltCoin.

Check this article, what we need to now about SegWit2X: https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-about-the-2mb-hard-fork-27749e1544ce

SegWit2X has been losing supporters and it may never happen.

[realdeanz]

lol it's easier said than done my friend. Its like saying "no more war! People die needlessly" sure that's all true but politics and greed and human folly means wars will continue in one form or another.

Wars can be politically motivated, religious or just economic. That's what is happening right now, an economic war, that threatened to change everything. Everyone wants their part of the pie so to speak

I agree with your statement. But the thing here is if we as a majority of the crypto community reject pointless forks, and refuse the 'forkers' from calling their shit coin Bitcoin, then BTC could survive.  Ultimately, after 3-4 more BTC Forks, the market will correct itself and it'll be harsh.

[realdeanz]

Forking bitcoin hasn't been about making money out of thin air.  It has been about improving the technology and making it more useful to a wider group of people.

This is an argument which i don't believe in. if its about improving technology, let them create their forked versions and call it something else.

[freebutcaged]

Do I really need to say this? when Satoshi uploaded Bitcoin to the open source platform such as source forge which he changed it to GitHub later on after

The disaster, he gave it away for free, it's still free it just costs money for using too much electricity, you can use it or leave it, you can also fork it and if

You have a deep pocket you could then support your fork altcoin by creating some buy orders. when you can't stop people from doing that, you know what

You can do though? you can enjoy having free extra cash when they do fork it and create another chain why do you think price jumped suddenly to the

Current value? people are buying to have more extra free cash when the next possible split happens.

[arseaboy]

Constantly creating Forks of BTC and calling them BCH or whatever is going to end up being a massive disaster for them cryptocurrency industry. There's already talk of a new fork supported by Segwit and Coindesk etc to fork BTC again this November! This is totally unacceptable. I think that it is a matter of time before the market catches on to this fraud of forking, which literally billions of dollars of value from nowhere. Just imagine if the New York stock exchange (or a random group of traders) decided to create a 'Forked version' of itself. Literally, no one would ascribe any value to it and everyone would see it for what it was.. day light fraud. People are going to catch on soon, and BTC will fall if this continues.

The only reason BTC has any value is that it has name recognition and a reputation for stability (compared to eth atleast). We need to save BTC from this tyranny which causes instability and goes against the fundamental of cryptos.

So this is all done specifically to make money out of nothing. Now pay for Bitcoin Cash, the price is $ 600.
Imagine you have 100 Bitcoin, after the blockchain split, you will also get 100 Bitcoin Cash, simply by doing nothing.
In November, there will be Bitcoin Cash 2 or just Bitcoin 3, no matter. Again they will make money just like that, again someone will become richer for a couple of billions.

reality showed us that those who made this split are the one who earn a lot those who understand and already knew what will happen after the fork are ready to grab those free bch and enjoying as of now then waiting for another fork and what will we expect? learn from a mistake and go with the flow.

[realdeanz]

This is simple fraud under the pretext of improving Bitcoin. They are using the most established cryptocurrency brand and creating un-necessary or ineffective forks and propping them up to inflate their value. I won't be surprised if major backers of this are investigated for a range of financial crimes.