Do you support Bitcoin Forks? Why???

[reed209]

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.

[exstasie]

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 think that this is an important process in hardening BTC as a currency against would-be attackers. This isn't the last contentious fork ahead of us; the corporate backers of Segwit2x want dozens or even hundreds of capacity upgrades much larger than 8MB. They are done testing the waters with things like Bitcoin Classic and are making their move now.

It's important that the community keeps its resolve, that users run their full nodes, and let it be known that the economic majority can't be hijacked by a few big companies and a majority of the hash rate. As long as the legacy chain emerges the winner here, I think you're right.

[1NV3ST0NM3]

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.

Yes I do somewhat support forks if they are for the betterment of the bitcoin system like the segwit 2x which focuses on better transaction speed and more decentralized system. Dont know why people are not supporting it.

[pooya87]

your question is so broad.

bitcoin fork is sometimes a necessity because it is the only way we can "upgrade" bitcoin or even possibly fix a bug. look at how P2SH was activated (the multisig feature). it was a bitcoin fork. or the most recent one called SegWit.

the important thing is that everyone should remember that bitcoin is decentralized and MUST work with consensus. otherwise it will fail. and consensus means when you want to fork you get everyone on board before you fork it...

now there is another thing called fork but that is creating an altcoin. in that regard there has already been 667 forks to create altcoins in the past using different methods and in the end they will be regarded as "free money".

[Razick]

This question is irrelevant. Whether anyone supports them or not, they are always possible so there is no point to even asking this. Anyway, I am in full support of any cryptocurrency that improves on existing technology. While most ICOs are scams, the odd one does actually have a basis for existing and potential to disrupt the industry. From that perspective, I am all for Bitcoin or any other fork as long as it is an improvement of the current technology.

[ibininja]

Forks are important for the network; however I don't think they should be frequent. for any fork to happen there is some loss for the miners. forks should be as minimal as possible.

[whoisyourking]

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.

Why not support forks? Forks is important to bitcoin it will maintain the bitcoin stability in terms of fixing bugs and errors to a whole bitcoins there are types of bitcoin the hard forks and the soft forks. Hard forks are giving a bitcoin a big changes but soft forks is like replacing small parts of bitcoin. This will also identified in size of blocks.

[ufaiz50]

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.

actually i do not support fork because it just produce another altcoin in this case is bitcoin gold. bitcoin holders also get benefit in this case that is given a bitcoin gold equivalent to bitcoin that we have 1:1 although we don't know the price of bitcoin gold.

[exstasie]

the important thing is that everyone should remember that bitcoin is decentralized and MUST work with consensus. otherwise it will fail. and consensus means when you want to fork you get everyone on board before you fork it...

That's "consensus" from the perspective of language -- full agreement from each any every participant. That's what "consensus rules" are: those rules that each any every user consents to by virtue of opting into the network (running a node).

But that's basically impossible from a technical standpoint. Just by virtue of laziness/inertia/ignorance, there will always be those who don't upgrade. And beyond fixing blatant protocol flaws, you will always have those who oppose. That's why I'm of the opinion that Bitcoin technically can't ever be hard forked and still remain "Bitcoin." We would be moving to an altcoin if the fork were successful. And maybe that's okay... but I think we should be clear about what hard forks are. A hard fork = leaving the consensus to join a different one.

[Ionico]

Some of these forks are get rich quick scams and others are deliberate attacks against BTC. If it manages to overcome all of this adversity it will velidate it as a legitimate means of storing value IMHO and will brake cryptos imto the main stream.

[TheGodson]

Overall these forks seem like a way for people to pump and dump some coins. I can't really complain though considering how much I've made off of Bitcoin Cash.  That was pretty much money just handed to me.

Bitcoin forks on a fundamental level are a good thing, because they challenge bitcoin to improve it. Also, bitcoin is more open source that way which is cool. Seems like it is just being used to pump and dump though so pragmatically, not so much.

[reed209]

I agree with part of the arguments. However in the way it is happening we will end up having forks and more forks in a short time. I believe that for the trading market is not so good.

[ayuwick]

your question is so broad.

bitcoin fork is sometimes a necessity because it is the only way we can "upgrade" bitcoin or even possibly fix a bug. look at how P2SH was activated (the multisig feature). it was a bitcoin fork. or the most recent one called SegWit.

the important thing is that everyone should remember that bitcoin is decentralized and MUST work with consensus. otherwise it will fail. and consensus means when you want to fork you get everyone on board before you fork it...

now there is another thing called fork but that is creating an altcoin. in that regard there has already been 667 forks to create altcoins in the past using different methods and in the end they will be regarded as "free money".

I agree with you sir even though I'm not 100% understanding about why bitcoin has some hardfork .. your answer is very logical considering there is no other way to upgrade bitcoin in because only 21 million tokens in the world imagine if there is no way to upgrade it may be some bad possibilities happen whatever it is

[Pleione527]

I'd like to support the bitcoin forks because somehow the market will need this in the future since we cannot prevent the increasing demand of bitcoin time will come that bitcoin supply will no longer be available so the only solution is offering alternative coins to divert the market of bitcoin this will ensure that the digital currencies will sustain the cycle for its market.

[eann014]

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 that is the way to strengthen the bitcoin, then why not? I notice that every fork bitcoin price is increasing or pumping its price. That is also a good time to invest during the fork because during the fork bitcoin price decreasing so I think that is the best time for the investor to invest bitcoin.

[Berk]

Bitcoin forks are needed to make the currency better and improve on its shortcomings but I do not support bitcoin gold or cash

[loragean03]

Forks are the upgrades of bitcoin that cannot be done on the bitcoin blockchain I think, so whether you support it or not it doesn't matter because I think new coins from the forks are soon to dump and will be the reason that the price of this bitcoin become more valuable. forks are one of the reason that the price of this bitcoin will pump again.

[aizen10]

i actually dont support any bitcoin forks for some reasons, i only support bitcoin and no one coins from the forks, maybe the free coins from the fork to collect but to support? i think im not. and i think it doesnt matter if you support or not the most important is to know what will happen next after the fork.

[Agamemnus]

I do not support them but I do not mind them. I understand they will happen, but it'll just make the network stronger and give more people to make more BTC by dumping these shitcoins.

[SixOfFive]

I don't support them coz if it keep on going like it then that day is not too far when BTC20 tokens will be seen in Market. Just like ETH blockchain, BTC blockchain also get populated with various tokens which i personally don't want to happen. There are some people who supports these forks saying that it bring improved version of BTC system but i still don't support it.