Kakmakr
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Activity: 3444
Merit: 1957
Leading Crypto Sports Betting & Casino Platform
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November 08, 2017, 05:45:35 AM |
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What value do these forks add to Bitcoin?
1. It generates Free coins for owners of BTC <which they can sell to buy more BTC>
2. It serve as a test area for new features in a live environment.
3. It gets rid of people who does not support BTC <Splinter groups>
4. When these coins fail, people sell their Alt coin and buy BTC again. <We learn from their mistakes>
5. It generates new innovation that can be used in the original version of BTC.
So there are some benefits from these forks, and for me the first benefit is the most important one. I get free BTC from these forks. ^smile^
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Chibykesman
Member
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Activity: 70
Merit: 10
Interested in bitcoin
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November 08, 2017, 06:02:15 AM |
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For now I don't support Bitcoin Forks.
I don't know if it will last.
Forks as it is can not be like the main bitcoin.
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marcbitcoins
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November 08, 2017, 06:07:04 AM |
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I do not believe that the future forks of Bitcoin can generate any currency of value. They are just a tool to further strengthen the price of Bitcoin. However it ends up disrupting the market.
At the moment, we dont have any choice but to full support it simply because this is the only way to upgrade and to improve the system of blockchain transactions in which the SegWit2X is aiming for a better digital transactions avoiding the current long processing delayed. If the segwit2x will become a successful event this will reduce the traffic and if possible our bitcoin transactions result will now be in instant. |
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barabut
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November 08, 2017, 06:10:09 AM |
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In general the system needs fork to develop itself, it is never ending process, we had a several in the past and we will see many in the future.
I do not think that it is technical necessity, it was created by the creatures of this ecosystem.
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amelitojr47
Newbie
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Activity: 60
Merit: 0
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November 08, 2017, 06:12:52 AM |
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i will support bitcoin no matter what, because it helps me alot
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nl247
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November 08, 2017, 06:19:13 AM |
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Why should I not support forks as long as it is necessary? If you do not agree with the way things are done, then FORK off. That is the way it has been designed. It is more like welcoming a new innovation incase there is a huge disagreement on one, which seems OK to me for development.
Though it is always kind of messy sometimes, but looking at the brighter side, you know where your support lies for the chain you prefer and you are not stopped from enjoying the benefits of the other chain.
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Wesimon
Sr. Member
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Activity: 406
Merit: 250
https://gexcrypto.io
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November 08, 2017, 06:40:26 AM |
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I do not believe that the future forks of Bitcoin can generate any currency of value. They are just a tool to further strengthen the price of Bitcoin. However it ends up disrupting the market.
Fork has actually good benefit, it helps to make bitcoin fix bugs and errors. Thus, it stabilizes bitcoin's system. Bitcoin is ever changing and fork is one mean of making things okay. We have encountered forks from the past and expected to see more. What's just good about it is that we see that bitcoin is continually developing and no one can compete over it even the coins that split. Leta just look on the good side fork is offering like free generated coins. |
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mulukey
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Activity: 308
Merit: 10
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November 08, 2017, 08:47:11 AM |
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I do not believe that the future forks of Bitcoin can generate any currency of value. They are just a tool to further strengthen the price of Bitcoin. However it ends up disrupting the market.
Fork has actually good benefit, it helps to make bitcoin fix bugs and errors. Thus, it stabilizes bitcoin's system. Bitcoin is ever changing and fork is one mean of making things okay. We have encountered forks from the past and expected to see more. What's just good about it is that we see that bitcoin is continually developing and no one can compete over it even the coins that split. Leta just look on the good side fork is offering like free generated coins. in bad case. if executed unsuccessfully. sewgit failed. What will happen? I'm very hopeful of bitcoin. But there is a risk. and always have to pay attention to it. trust is good. But the reality is different |
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Scorpion
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November 08, 2017, 08:57:21 AM |
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I do because by principle Bitcoin is open-source and the software is meant to be tested, challenged, refuted, debated. Without it being open-source it would be subject to corruption and shadow influence or intentions. I also believe these hardforks have made Bitcoin stronger it's like a scorpion molting, it's hard and laboring process but in the end it comes out prettier and eventually stronger than before.
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catapult
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November 09, 2017, 10:45:49 AM |
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I did not understand at first the function of the fork, but with a little search, I've understand that it is innovative and beneficial. I see the fork as an upgrade and I think it is a good way to make many things better on bitcoin using.
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aanbudi
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November 09, 2017, 10:53:21 AM |
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Support for what you mean? If it supports the emergence of B2X I do not agree. Honestly, I myself do not have Bitcoin Asset to participate in Segwit2x fork this year. Not a few exchangers also refuse and still use 1mb chain (eg Bittrex). Maybe this 2mb chain will bring a big change to the world of crypto, especially Bitcoin.
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Quietman
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November 09, 2017, 11:03:02 AM |
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I do not believe that the future forks of Bitcoin can generate any currency of value. They are just a tool to further strengthen the price of Bitcoin. However it ends up disrupting the market.
Fork ia unending process, it is basically a help for bitcoin to be stabilized. Forks are meant to fix bugs and errors, in this way bitcoin is developed and features are made better. Forks also gives user free coin, which serve as an additional profit. Bitcoin fork basically a help to determine flaws and things to develop. People who are not for bitcoin are determined, and we are able to determine the stability of bitcoin because of the attempt to compete with it. |
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malikusama
Copper Member
Sr. Member
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Activity: 1050
Merit: 294
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November 09, 2017, 11:18:24 AM |
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I do not believe that the future forks of Bitcoin can generate any currency of value. They are just a tool to further strengthen the price of Bitcoin. However it ends up disrupting the market.
If it is for the betterment of bitcoin by technology up gradation which will benefit the bitcoin and it's users then surely we all will support it but if they are just from a bunch of idiots focusing just to destroy the original chain then no loyal bitcoin user will support it. Indeed they are strengthening the bitcoin more than before as you can see from the price level from the beginning of this year. |
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ladydark
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November 09, 2017, 11:37:24 AM |
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Actually people who do such forks don't have any real concern about bitcoin's progress.Just they are selfish and want to make quick profits.Some times,small groups do forks like bitcoin gold to earn some quick money while some big groups including miners and companies do forks like segwit 2x to totally take over bitcoin itself.Its very dangerous.Forks which is actually done by bitcoin core team itself for upgrade are almost welcome and other forks must not be supported.
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keycellko
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November 09, 2017, 12:24:15 PM |
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I do not believe that the future forks of Bitcoin can generate any currency of value. They are just a tool to further strengthen the price of Bitcoin. However it ends up disrupting the market.
I agree. With the previous fork that came, it only helped increase the value of bitcoin. The company that does these forks will generate currencies that aims to challenge bitcoin but instead promotes it at the same time strengthen its price. So let's keep them coming. |
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hachiman13
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November 09, 2017, 01:22:41 PM |
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No, I don't support forks. I prefer bitcoin's ecosystem more compact rather than having multiple clones of it as it divides the 'power' and the support that its supposed to get from the people. Also, people gets more confused and will probably harm the market as they have many options to give support to but none are surely successful.
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Mister1k
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November 09, 2017, 01:31:39 PM |
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I do not believe that the future forks of Bitcoin can generate any currency of value. They are just a tool to further strengthen the price of Bitcoin. However it ends up disrupting the market.
Fork ia unending process, it is basically a help for bitcoin to be stabilized. Forks are meant to fix bugs and errors, in this way bitcoin is developed and features are made better. Forks also gives user free coin, which serve as an additional profit. Bitcoin fork basically a help to determine flaws and things to develop. People who are not for bitcoin are determined, and we are able to determine the stability of bitcoin because of the attempt to compete with it. But everyone says the failure of segwit activation is good for bitcoin and value also will increase gradully. I noticed that every time when hard fork happens that time bitcoin slightly dumps and increase to good value in some days. I worry that bitcoin price is stablity nothing cannot do so have the coins to sell and buy in the right time to make profit. |
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Agostosmori
Member
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Activity: 112
Merit: 10
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November 09, 2017, 01:38:13 PM |
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I do not believe that the future forks of Bitcoin can generate any currency of value. They are just a tool to further strengthen the price of Bitcoin. However it ends up disrupting the market.
I don't believe on forks, as I read forks are poor man's ICO, a group of people are just robbing other investors promising that the coin might replace bitcoin in the future. Forks can be avoided but some people are taking advantage of it for their own benefit. |
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grumpylittlepoodle
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Activity: 224
Merit: 11
The revolutionary AI gaming ecosystem
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November 09, 2017, 01:39:05 PM |
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I do not believe that the future forks of Bitcoin can generate any currency of value. They are just a tool to further strengthen the price of Bitcoin. However it ends up disrupting the market.
I do, I think we should embrace changes such as forks in order for bitcoin to adapt and do not be stagnant in the market world. |
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XbladeX
Legendary
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Activity: 1302
Merit: 1002
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November 09, 2017, 01:40:28 PM |
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That was nice free money boost. I am a bit disaponted current sytuation becouse i wasnnt see in reality how it will work.
Best concept will work guys and market will find way to proove it to people.
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