There has been 667 forks from bitcoin (altcoins), 3 this month

[pooya87]

i just found a very interesting website (http://mapofcoins.com/) which has interesting information about forks from different cryptocurrencies.
the bitcoin fork map (http://mapofcoins.com/bitcoin) specially took my attention.

according to this site there has been 667 forks in total, 3 of which belong to this month alone.

you can click on the names of these coins and see the code and their website. a lot of them didn't even bother making more than 20 commits in years! or even change anything meaningful when they fork!

[Marry Finch]

I could not even imagine that, it turns out, there were already 667 forks of bitcoin. And a significant part of the product created as a result of these forks was dying as useless, and doing nothing for the crypto currency. However, the crypto-currency is inherently decentralized and everyone has the right to make changes and improvements to it. In the future, the market itself determines what is viable and what is not. From this we will not go anywhere. Maybe, so it is true.

[harrypotter1229]

My God, I can't believe there are 677 forks already. It seems that there's nothing wrong with forks. Let's continue buying bitcoin. Forks only make bitcoin perfect. Do you think that's true?

[pooya87]

~Not true forks, the fork talked about is when the previous blockchain is kept along with the balances and public keys.

In software engineering, a project fork happens when developers take a copy of source code from one software package and start independent development on it, creating a distinct and separate piece of software. The term often implies not merely a development branch, but also a split in the developer community, a form of schism.

that is what i am trying to point out. a fork is what the explanation from wikipedia says, nothing more.
and so far people have been forking bitcoin as many times as they could. some of them even gave free tokens (airdrops) 1:1 to bitcoin holders without using the "previous blockchain" for example bitcore (BTX) is like this. it is a fork of bitcoin with SegWit and 20 MB blocks! and they gave 1 BTX for 1 BTC if you could sign a message.

the new way of forking is not much different from the old way, they are practically doing the same and create the same useless altcoins but they use bitcoin blockchain. it just makes things harder for that altcoin because of the size of the current blockchain (140+ GB) but the result is exactly the same as other 667 forks.

[stompix]

according to this site there has been 667 forks in total, 3 of which belong to this month alone.

And more than 2/3 of them are tagged as dead.
The whole copy-paste coinmania should really end.

It's one thing to build a coin from scratch but a copy of bitcoin where you just change the timeblocks and size it's useless.
I honestly don't see any reason for those coins as BTC with a simple change of code could replicate them.

My God, I can't believe there are 677 forks already. It seems that there's nothing wrong with forks. Let's continue buying bitcoin. Forks only make bitcoin perfect. Do you think that's true?

There were 667, as I said above.
And forks are not making bitcoin perfect. Their failures are making BTC more trustable.

[neurotypical]

~Not true forks, the fork talked about is when the previous blockchain is kept along with the balances and public keys.

In software engineering, a project fork happens when developers take a copy of source code from one software package and start independent development on it, creating a distinct and separate piece of software. The term often implies not merely a development branch, but also a split in the developer community, a form of schism.

that is what i am trying to point out. a fork is what the explanation from wikipedia says, nothing more.
and so far people have been forking bitcoin as many times as they could. some of them even gave free tokens (airdrops) 1:1 to bitcoin holders without using the "previous blockchain" for example bitcore (BTX) is like this. it is a fork of bitcoin with SegWit and 20 MB blocks! and they gave 1 BTX for 1 BTC if you could sign a message.

the new way of forking is not much different from the old way, they are practically doing the same and create the same useless altcoins but they use bitcoin blockchain. it just makes things harder for that altcoin because of the size of the current blockchain (140+ GB) but the result is exactly the same as other 667 forks.

I wonder how many of these "big block forks" do we need for proponents to see that the free market does not want bigger blocks.

We have BCash, BTX, B2X futures... they keep tanking, meanwhile 1MB BTC aka real BTC keeps making new highs.

Jeff Garzik and NYA proponents are criminals that should be put in jail by trying to shut the market down by killing the legacy chain.

[HeRetiK]

[...]

the new way of forking is not much different from the old way, they are practically doing the same and create the same useless altcoins but they use bitcoin blockchain. it just makes things harder for that altcoin because of the size of the current blockchain (140+ GB) but the result is exactly the same as other 667 forks.

In my opinion the current alt forks, that fork the BTC blockchain with it, are just a fad. Kind of like the alt flood of 2013, when people were simply cloning Bitcoin, changed some parameters and called it a day.

BCH got much attention because it was the first of its kind. B2X has attention because it has been planned for quite a while and is more or less the result of the NYA. BTG has attention because... fuck if I knew, I guess because they squeezed in between the two major BCH and B2X hardforks?

Either way I'm sure that the novelty will soon wear off.

That being said, I think there's actually quite some value in all these forks (and BTC blockchain hardforks). Not necessarily in terms of monetary potential, but in terms of lessons to be learned of how those changed parameters behave in the real world. Just look at BCH's difficulty adjustment algorithm. Kinda fucked up but interesting to watch, especially in terms of unexpected side-effects.

[eckmar]

Looking at this information, It just confirms that coins like Bitcoin Gold and other BTC forks wont succeed in long term. No one cares about forks.

[centralbanksequalsbombs]

Looking at this information, It just confirms that coins like Bitcoin Gold and other BTC forks wont succeed in long term. No one cares about forks.

Confirmed.

Consensus exists for a reason.

[pooya87]

Looking at this information, It just confirms that coins like Bitcoin Gold and other BTC forks wont succeed in long term. No one cares about forks.

it is true that a great deal of these forks are useless and it is a safe assumption that the future ones will also be like that. but it is never "all", for example if you click on the links of the coins that are forked from bitcoin so many of them don't even have a github page anymore! but among them are also some coins like NMC (that tries to do censorship resistant replacement for DNS), LTC (uses Scrypt instead of SHA256 and has lower block time), PPC (hybrid of PoW/PoS),... not that it makes them better but at least they tried some innovative ways.

but in comparison what BTG is doing is using Equihash that has been used before and not really "innovating", BCH increased the block size ... and that was it.

[rivercityjon]

I'm looking at that website from a developer perspective and I have a headache lol... it is a neat visualization though.

[JL421]

600 fork what's wrong with developers i mean i also got some profit from bitcoin gold andand bitcoin cash but doing so many fork will make these forks useless one day people won't trade with it anymore and it will get dilluted

[JohnnyNnex]

Wow, that's way tto many! What was the original Bitcoin before the first fork I wonder

[LFC_Bitcoin]

Looking at this information, It just confirms that coins like Bitcoin Gold and other BTC forks wont succeed in long term. No one cares about forks.

All they’re good for is a bit of free money for those holding bitcoin. None of these shitcoins will ever succeed long term.

[Youghoor]

This is amazing, but they were different forks because we did not receive them on our wallets just like it happened with the last two forks (bitcoin cash and bitcoin gold) because they were instantly credited on our wallets. And Litecoin is just a copy of the code of bitcoin, that is not exactly a hard fork or just a fork of bitcoin, because it is a clone.
The same with the other alts, i have never heard about them, not even seeing them listed in somewhere.

[centralbanksequalsbombs]

I'm looking at that website from a developer perspective and I have a headache lol... it is a neat visualization though.

LOL - this made me laugh.

[centralbanksequalsbombs]

This is amazing, but they were different forks because we did not receive them on our wallets just like it happened with the last two forks (bitcoin cash and bitcoin gold) because they were instantly credited on our wallets. And Litecoin is just a copy of the code of bitcoin, that is not exactly a hard fork or just a fork of bitcoin, because it is a clone.
The same with the other alts, i have never heard about them, not even seeing them listed in somewhere.

For your information, many of the hundreds/thousands of crypto currencies are listed here:
https://coinmarketcap.com/

[Bitcoin_BOy$]

More than 70% of those forked coins are no more working, defunct. For changes developers must dig into the source code, and invest a lot of time! and create something that is a copy and can't return any revenue.

[TastyChillySauce00]

This is amazing, but they were different forks because we did not receive them on our wallets just like it happened with the last two forks (bitcoin cash and bitcoin gold) because they were instantly credited on our wallets. And Litecoin is just a copy of the code of bitcoin, that is not exactly a hard fork or just a fork of bitcoin, because it is a clone.
The same with the other alts, i have never heard about them, not even seeing them listed in somewhere.

I guess, majority of those forked coins, come from unpopular devs, bitcoin allow everyone to modify its source code and release by their own because it's open source. But the thing is, how to bring people to use their forked coins after succesfully deploying a forked coins.
That's why vast majority of all those forks becoming either useless or unpopular. The airdrop that happen from bitcoin cash and bitcoin gold, mainly because they want to make the circulating coins the same as bitcoin so they airdrops in 1:1 ratio. Also, those two are popular forked coins.

[NorrisK]

Anybody can fork bitcoin at any time as the code is opensource.

If you want a fork like bitcoin cash or the upcoming one, you need community and miner support, else the coin will simply left to die.

[centralbanksequalsbombs]

This is amazing, but they were different forks because we did not receive them on our wallets just like it happened with the last two forks (bitcoin cash and bitcoin gold) because they were instantly credited on our wallets. And Litecoin is just a copy of the code of bitcoin, that is not exactly a hard fork or just a fork of bitcoin, because it is a clone.
The same with the other alts, i have never heard about them, not even seeing them listed in somewhere.

I guess, majority of those forked coins, come from unpopular devs, bitcoin allow everyone to modify its source code and release by their own because it's open source. But the thing is, how to bring people to use their forked coins after succesfully deploying a forked coins.
That's why vast majority of all those forks becoming either useless or unpopular. The airdrop that happen from bitcoin cash and bitcoin gold, mainly because they want to make the circulating coins the same as bitcoin so they airdrops in 1:1 ratio. Also, those two are popular forked coins.

Yup, those altcoins introduce an unfair distribution model that is not desirable nor fair for investment. Whether its through initial coins, or premine, or having a headstart in having a big part of hashing with mining equipment at the start or geographically concentrated in one/two countries.

[centralbanksequalsbombs]

Anybody can fork bitcoin at any time as the code is opensource.

If you want a fork like bitcoin cash or the upcoming one, you need community and miner support, else the coin will simply left to die.

Market forces....beautiful.

[Kakmakr]

The majority of these forks end up as a Scam coin and gets booted to the dustbin of dead Alt coins. The developers of these coins just copy&paste without making any real changes to the code, so they add no value to Crypto currencies. As long as this is profitable for scammers to do, then they will do it.

They will even use Bitcoin as a prefix to their name, like Bitcoin Cash or Bitcoin Gold. ^hmmmmm^

[TagaMungkahi]

Great Website!, Thanks pooya87 . Interesting Graph, The Graph looks beautiful. In this case a lot of coins are now identified as defunct. At the end of the day it's still the community as a whole to decide what coin will stay. BTG and BCH followers should look on that website.

[Pinoccio11]

i just found a very interesting website (http://mapofcoins.com/) which has interesting information about forks from different cryptocurrencies.
the bitcoin fork map (http://mapofcoins.com/bitcoin) specially took my attention.

according to this site there has been 667 forks in total, 3 of which belong to this month alone.

you can click on the names of these coins and see the code and their website. a lot of them didn't even bother making more than 20 commits in years! or even change anything meaningful when they fork!

And what exactly this amount will give me, that the coin is unstable and that's it. The main thing is at what level it makes drawdowns and ups, and whether it is worth the money invested. Now every coin for a year makes a lot of forks, otherwise, such a coin, which stands in one place.

[gabbie2010]

It is high time a regulating body should be set up to monitor all these ICOs, every Tom,dick and harry now has forked out their own ICO to attract investors and the end they will not see the light of the day.
A drastic step should be taken to curbs all these excesses this will discourage new fake ICOs.

[BY_ATOM]

Nonsense. The meaning of these forks there's someone quick slashed the dough and all. Do not replace the cue ball and replace it with nothing.

[centralbanksequalsbombs]

i just found a very interesting website (http://mapofcoins.com/) which has interesting information about forks from different cryptocurrencies.
the bitcoin fork map (http://mapofcoins.com/bitcoin) specially took my attention.

according to this site there has been 667 forks in total, 3 of which belong to this month alone.

you can click on the names of these coins and see the code and their website. a lot of them didn't even bother making more than 20 commits in years! or even change anything meaningful when they fork!

Why is everything just making bitcoin stronger?

Why don't all the attacks work to destroy bitcoin?!

[mrayazgul]

Oh my God, 667 forks and we didn't notice it. But i am surprise these forks doesn't effect on bitcoins instead the price increase. We should not disappoint when fork appeared there's nothing wrong with bitcoins its make btc perfect lets buy again. Also if the price fell down temporarily because of these forks then it means it is again good time to buy bitcoins at  a lower price.

[centralbanksequalsbombs]

Oh my God, 667 forks and we didn't notice it. But i am surprise these forks doesn't effect on bitcoins instead the price increase. We should not disappoint when fork appeared there's nothing wrong with bitcoins its make btc perfect lets buy again. Also if the price fell down temporarily because of these forks then it means it is again good time to buy bitcoins at  a lower price.

Uh yes, how else did the hundreds upon hundreds of other altcoins come about after Bitcoin?

[metenjean]

Its just derivatives from bitcoins, altcoins keep popping everyday and its not suprising if there was 667 forks from bitcoin. What doesn't make sense is why there are still people going to invest a lot of money in the forks, eventhough knowing that kind of project won't have a bright future ahead 

[centralbanksequalsbombs]

Its just derivatives from bitcoins, altcoins keep popping everyday and its not suprising if there was 667 forks from bitcoin. What doesn't make sense is why there are still people going to invest a lot of money in the forks, eventhough knowing that kind of project won't have a bright future ahead 

LOL - exactly. People get disillusioned with silly ideas of outsized gains....which...could have a minute chance of happening....like 1 in 30 coins can go up like crazy....and when that happens, the disillusions continue to grow and are reinforced with those people.