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Author Topic: Why is Bitcoin the predominant one among forks?  (Read 5769 times)
litma21
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November 10, 2017, 07:12:22 AM
 #61

change comes slowly ,and people tend to stick to what they know and understand.in reality people are scared of change so until it gives reason beyond doubt ,most people will stay by what they know and has proven to meet their needs and wants.even though there might be a market monopoly out there i think it will be like this for as long as both parties (customers and service providers) are being satisfied .
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November 10, 2017, 09:49:22 PM
 #62

Bitcoin has a long history, so it has a large community, fact is also bitcoin is not perfect and its development hasn´t evolved much since it´s beginning, and these maintainers of the ledgers and developers sometimes wants some advancement in the bitcoin, when they do not come to an agreement how will they handle some change in the actual system they promote a fork, which means they will use the base ledger history and from a determined point (block) they will follow their own way with the supposed changes they would like to have seen in the bitcoin, but there was not  a consensus about it. 

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November 11, 2017, 03:15:50 AM
 #63

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?

Is it because Bitcoin is the most original one? ....

Because there are hundreds or thousands of Elvis impersonators.

But there's only ONE Elvis Presley.
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November 14, 2017, 02:51:12 AM
 #64

Bitcoin is the original coin created by satoshi.
Other coins like BCH and others are just an act of creating clones of bitcoin by hard forking and claiming to be the original bitcoin.
But segwit 2x would definitely create some serious issues as it has majority miner support and it may replace the legacy bitcoin.If it does not has enough support,then another coin bitcoin segwit 2x would be created.
It has even support of more companies related to bitcoin.

How do you determine which one is original BTC and which one is clone? In case of BTC/BCH there were two identical blockchains. And even developers splitted to two different groups.

Only thing, that made it being "original BTC" was, that one blockchain contiuend under original BTC name, another one under new name. But they were identical. Same will go for a new hardfork.
That is incorrect, the devs are all of them following the same vision, many people try to use some definition that suits them but it is very simple the original bitcoin is the one that did not fork, the miners were the ones to fork because they are not happy with the way things have turned up and they decided to create a separate project so there is no doubt that BTC is the original coin and BCH a cheap clone.

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November 14, 2017, 02:54:20 AM
 #65

The users and investors trust it the most

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November 14, 2017, 02:20:38 PM
 #66

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@The_Dark_Knight: So what is the definition you'd like to see used:

1. The original chain is the one that does not make backwards-incompatible changes to their source code, or:
2. The original chain is the one that is supported by (the majority of) the current core developers.


For Bitcoin, we might use (1) or possibly either one, but for Ethereum, it is very clear that (2) has happened in the past with the big DAO-fork (resulting in Ethereum Classic).

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November 14, 2017, 07:16:52 PM
 #67

Everybody has their own way of wanting Bitcoin to work. It is not updated as much as it should be and people try to capitalize off of this by forking.

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November 19, 2017, 01:27:15 AM
 #68

Everybody has their own way of wanting Bitcoin to work. It is not updated as much as it should be and people try to capitalize off of this by forking.

They can fork the source code not the chain.

The most possible reason is that forking BTC will give them most profits.
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November 19, 2017, 01:31:11 AM
 #69

Probably because it's most accepted by community.  With regards to forks, satoshi had a solution:  The chain with the most work done on them should be the predominate one.

BTC has by far, the most work (PoW) done on it.  The problem with this is that - the other forks are still having some value and as a result, are still active chains.

This is very fracturing for the community.  They should stop the forkings
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November 21, 2017, 11:52:06 PM
 #70

Bitcoin has the highest market cap, and therefore would be considered the one that's been adopted the most. Therefore its safe to assume that its the best for a reason. With that knowledge then its only common sense that people would try to fork the best product to try and create a better version.

I also don't think its safe to assume that it is the most forked, but I also haven't checked any facts to say otherwise.

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November 22, 2017, 09:16:28 AM
 #71

Because the bitcoin is now strong enough to create a good brand, he is the market leader and others are currently followers and imitators
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November 23, 2017, 08:15:09 AM
 #72

Bitcoin has been around for many years and then people will switch sides instantly after forks? Those bitcoin imitations should prove their worth first.

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November 24, 2017, 12:28:51 PM
 #73

Bitcoin at the moment is the best and most reliable crypto currency. People do not trust the other crypto currency. Personally, in addition to bitcoin, I also use bitcoin gold)
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November 24, 2017, 01:55:28 PM
 #74

Insert Quote
The reason is not far fetched,Bitcoin has stood the test of time and is now widely accepted by most merchants,hence the increase in it's volume notwithstanding some of it's weaknesses.
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November 24, 2017, 07:55:47 PM
 #75

Simple, bitcoin is the father and is the first crypto ever made, is hard to beat him just because the speculation on him is too big to be compared with other coins.We will see in next future.
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November 24, 2017, 08:13:21 PM
 #76

I think its because BTC is an old stable currency, and people trust it more than to any other cryptocurrency


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November 24, 2017, 09:40:41 PM
 #77

I think its because BTC is an old stable currency, and people trust it more than to any other cryptocurrency

Bitcoin is a crypto currency that lives in the cyberworld which decentralization is occurring. Way back 2009, its value is not high as much as todays value ,many trials and struggles that the bitcoin experienced. From ups and downs bitcoin continue to survived until now that's why it is predominant crypto currency among others. Its already proven and tested from all the difficulties comparing from other crypto currencies. Today and in the future bitcoin will still a trusted and dominant crypto that will always demand in the society and soon throughout the country.

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November 25, 2017, 07:12:43 AM
 #78

A coin is only valid when others spend money on it, and as you can see there are a lot of people who give up their bitcoin.

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November 26, 2017, 10:00:08 PM
 #79

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?

Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.

For me bitcoin is the predominant one it is because bitcoin is already old and survive all the crashes and and because of this bitcoin really grew and become popular among other forks and the trust begin to to develope

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November 27, 2017, 06:00:51 AM
 #80

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?

Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.

Being the original and first cryptocurrency would also do with Bitcoin's dominance. As it was more trusted now by more people, bitcoin's popularity continues to grow and the investors bad experiences upon investing forks leaves a lesson to every one not to easily invest in it again.As we have seen on the chart,  https://coinmarketcap.com/ it is loud and clear that bitcoin easily recovered even on the presence of hard forks and have proven its worth as the predominant coin among all those forks.
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