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Author Topic: Bitcoin Silver VS Bitcoin Gold VS Bitcoin Cash VS Bitcoin  (Read 696 times)
blackcoiner (OP)
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November 13, 2017, 12:48:19 PM
 #1

I started get confused now. Bitcoin cash seem open pandora box....

How long until we have Bitcoin Bronze? Bitcoin PORN? Bitcoin ABC or Bitcoin Z or so  on....
And every time new version of bitcoin born, new free money made.... Don't you think this is stupid?

Is there any way to stop this madness?
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November 13, 2017, 12:57:26 PM
 #2

it is stupid but inevitable.
it is not hard to create a fork out of bitcoin. you can do it right now with a little work, but these forks get worse and worse each time a new one comes out. because their purpose is not to advance the technology, solve any issue, etc. instead their purpose is to temporarily make some money.

bitcoin cash was made by miners so that they can manipulate it , mine it and make money.
bitcoin gold was made by someone who wanted to pre mine the coin (200,000 BTG) to make money.
bitcoin silver, bronze, x, y ,z will also be the same.

but they soon will realize creating a fork like this is harder than creating a proper altcoin from scratch because of how big bitcoin is, implementing replay protection, and finally syncing the huge blockchain of bitcoin!
an altcoin from scratch won't have any of these issues and will have 0 byte blockchain instead of 160 GB

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blackcoiner (OP)
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November 13, 2017, 01:08:27 PM
 #3

it is stupid but inevitable.
it is not hard to create a fork out of bitcoin. you can do it right now with a little work, but these forks get worse and worse each time a new one comes out. because their purpose is not to advance the technology, solve any issue, etc. instead their purpose is to temporarily make some money.

bitcoin cash was made by miners so that they can manipulate it , mine it and make money.
bitcoin gold was made by someone who wanted to pre mine the coin (200,000 BTG) to make money.
bitcoin silver, bronze, x, y ,z will also be the same.

but they soon will realize creating a fork like this is harder than creating a proper altcoin from scratch because of how big bitcoin is, implementing replay protection, and finally syncing the huge blockchain of bitcoin!
an altcoin from scratch won't have any of these issues and will have 0 byte blockchain instead of 160 GB

Then no one will use unregulated cryptocurrency if this keep happening. Imagine in one day new 3 "bitcoin" sibling born....and billions dollar just popup from air....No one will allow their stuff ("food", "goods") to trade with this coins. And will affect to all coins

This need to be stop or bitcoin just become history someday
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November 13, 2017, 01:15:52 PM
 #4

Actually this is an option. because the fork process that gave birth to a new coin. but this can all be avoided when everyone has the same opinion. but the good part is the velocity of money in cryptocurrency will be bigger and more diverse. but the bad side will definitely reduce the trust value of many people. personally I would choose bitcoin as a digital currency that has a high level of trust, maybe just a bitcoin that has it and if compared then I'm sure Bitcoin remains the best.
Red-Apple
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November 13, 2017, 01:35:25 PM
 #5

it is stupid but inevitable.
it is not hard to create a fork out of bitcoin. you can do it right now with a little work, but these forks get worse and worse each time a new one comes out. because their purpose is not to advance the technology, solve any issue, etc. instead their purpose is to temporarily make some money.

bitcoin cash was made by miners so that they can manipulate it , mine it and make money.
bitcoin gold was made by someone who wanted to pre mine the coin (200,000 BTG) to make money.
bitcoin silver, bronze, x, y ,z will also be the same.

but they soon will realize creating a fork like this is harder than creating a proper altcoin from scratch because of how big bitcoin is, implementing replay protection, and finally syncing the huge blockchain of bitcoin!
an altcoin from scratch won't have any of these issues and will have 0 byte blockchain instead of 160 GB

Then no one will use unregulated cryptocurrency if this keep happening. Imagine in one day new 3 "bitcoin" sibling born....and billions dollar just popup from air....No one will allow their stuff ("food", "goods") to trade with this coins. And will affect to all coins

This need to be stop or bitcoin just become history someday

billions of dollars are "popping up from air" every day when a new altcoin, a new token, a new ICO is created and nobody moves a finger. why should it be different when they do it like bitcoin cash/gold/silver,... instead of all those altcoins/ICOs...?

bitcoin is bitcoin. none of these ever mattered. it is just new. like how an altcoin was new back in the days when Litecoin, Namecoin and similar big coins were created for the first time back in 2011-2010

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blackcoiner (OP)
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November 13, 2017, 01:37:28 PM
 #6

Actually this is an option. because the fork process that gave birth to a new coin. but this can all be avoided when everyone has the same opinion. but the good part is the velocity of money in cryptocurrency will be bigger and more diverse. but the bad side will definitely reduce the trust value of many people. personally I would choose bitcoin as a digital currency that has a high level of trust, maybe just a bitcoin that has it and if compared then I'm sure Bitcoin remains the best.

At the end of the day, we need money to trade with food, good, home and pay our children college. And if there no one trust bitcoin to trade with these thing...bitcoin only able to trade with another bitcoin. 1 BTC = 1BTC

I'm worried about this...
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November 13, 2017, 01:42:41 PM
 #7

I started get confused now. Bitcoin cash seem open pandora box....

How long until we have Bitcoin Bronze? Bitcoin PORN? Bitcoin ABC or Bitcoin Z or so  on....
And every time new version of bitcoin born, new free money made.... Don't you think this is stupid?

Is there any way to stop this madness?

Yes, there is a way and that will be the day all these greedy fork creators will stop being greedy and start seeing bitcoin for the purpose it was created in the first place.
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November 13, 2017, 01:44:51 PM
 #8

the fork is not good for Bitcoin. However it is the best solution if there is no unity between the parties
two opposition including miners and the core developers. Because Bitcoin software is open source, so anyone can modify. if still mixed opinions together Bitcoin will continue to be split

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November 13, 2017, 01:49:31 PM
 #9

Actually this is an option. because the fork process that gave birth to a new coin. but this can all be avoided when everyone has the same opinion. but the good part is the velocity of money in cryptocurrency will be bigger and more diverse. but the bad side will definitely reduce the trust value of many people. personally I would choose bitcoin as a digital currency that has a high level of trust, maybe just a bitcoin that has it and if compared then I'm sure Bitcoin remains the best.

The best model for fork (or simply an upgrade) is the one last done by Ethereum where there was no such a split drama because there was a united decision on what to do and everybody agreed on the protocol. What is happening in Bitcoin is we are letting personal business interest go overboard forgetting about the general well-being of the thing we are working for. This has been a sickness suffered by people who have been granted the power to decide on what to do with Bitcoin. I hate the fact that in Bitcoin there is really no single leader who can pacify factions, even just a figurative one (though I understand why this is the set-up favored by Satoshi Nakamoto). 

Now, am starting to wonder: Is this the kind of Bitcoin that can last for decades and can withstand all the attacks that may come months from now. The recent attack showed us one thing: Bitcoin may one day not be able to cope if the Bitcoin community remains to be divided and in all-for-myself fashion. I understand that Bitcoin is very resilient but it may come to its breaking point if all of us will not be helping it. Paging all those who love Bitcoin to come forward and show that we can unite and can speak in one voice in many issues facing Bitcoin and cryptocurrency in general.
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November 13, 2017, 01:50:28 PM
 #10

there will surely be a couple more of these forks just like bitcoin cash and bitcoin gold but i don't think this way will keep happening for long. it is simply because as it was mentioned earlier it is not easy to do this. and all these forks are created by lazy idiots who can't think of any other way of making money.
you can already see how bad bitcoin gold is and how behind schedule they have been. they could have spent less time on a new altcoin from ground up instead and be more successful!

......
.L I V E C O I N . N E T.
.
..PROFITBOX..
██  █████████████████████████
  █████████▄      ▄██████████
█████████████▄  ▄████████████
    █████████████████████████
  ██████████▀    ▀█ ▀████████
████  █████▀  ▄▄  ▀█  ▀██████
  ████████▀  ▄██▄  ▀█   ▀████
    ██████   ▀██▀   ██   ████
  █████████▄      ▄██████████
██  █████████▄  ▄████████████
  ███████████████████████████
██  █████████████████████████
  █████████████████████▀ ███
█████████████████████▀   ███
    █████████████▀     ████
  █████████████▀   ██    ████
████  █████▀     ██    ████
  ███████▀   ██    ██    ████
    █████    ██    ██    ████
  ███████    ██    ██    ████
██  █████    ██    ██    ████
  ███████████████████████████
.....
blackcoiner (OP)
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November 13, 2017, 02:01:04 PM
 #11

Actually this is an option. because the fork process that gave birth to a new coin. but this can all be avoided when everyone has the same opinion. but the good part is the velocity of money in cryptocurrency will be bigger and more diverse. but the bad side will definitely reduce the trust value of many people. personally I would choose bitcoin as a digital currency that has a high level of trust, maybe just a bitcoin that has it and if compared then I'm sure Bitcoin remains the best.

The best model for fork (or simply an upgrade) is the one last done by Ethereum where there was no such a split drama because there was a united decision on what to do and everybody agreed on the protocol. What is happening in Bitcoin is we are letting personal business interest go overboard forgetting about the general well-being of the thing we are working for. This has been a sickness suffered by people who have been granted the power to decide on what to do with Bitcoin. I hate the fact that in Bitcoin there is really no single leader who can pacify factions, even just a figurative one (though I understand why this is the set-up favored by Satoshi Nakamoto). 

Now, am starting to wonder: Is this the kind of Bitcoin that can last for decades and can withstand all the attacks that may come months from now. The recent attack showed us one thing: Bitcoin may one day not be able to cope if the Bitcoin community remains to be divided and in all-for-myself fashion. I understand that Bitcoin is very resilient but it may come to its breaking point if all of us will not be helping it. Paging all those who love Bitcoin to come forward and show that we can unite and can speak in one voice in many issues facing Bitcoin and cryptocurrency in general.

Indeed...Ethereum split was the best split. Community agreed to split coin and values. Its mean fair split for anyone.
Bitcoin cash split was horrible, it open pandora box and make peoples think they can just fork bitcoin and make free money...(*lot peoples think like this. Lot developer/business who doesn't care with bitcoin and want to make fast money doing this...and will keep doing this until bitcoin dies). I'm not sure how long bitcoin can survive if Sakamoto keep under radar....only him able to unite bitcoin community now
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November 13, 2017, 02:03:45 PM
 #12

there seems to be no way to stop this madness.
because every man always wants an instant especially for his wealth.

blackcoiner (OP)
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November 13, 2017, 03:28:39 PM
 #13

there seems to be no way to stop this madness.
because every man always wants an instant especially for his wealth.

Its true..but will make all bitcoin version value low....
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November 13, 2017, 08:04:38 PM
 #14

I do not consider the listed clones of bitcoins insanity or stupidity. The occurring processes are regular and aimed at improving the characteristics of bitcoins. One bitcoin only reaped the fruits of his fame and was not worried about his improvements. This, to a large extent, has spawned numerous of his clones, who are trying to solve the unsolved problems of the previous bitcoin.
blackcoiner (OP)
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November 14, 2017, 10:29:21 AM
 #15

I do not consider the listed clones of bitcoins insanity or stupidity. The occurring processes are regular and aimed at improving the characteristics of bitcoins. One bitcoin only reaped the fruits of his fame and was not worried about his improvements. This, to a large extent, has spawned numerous of his clones, who are trying to solve the unsolved problems of the previous bitcoin.

But if there 1000 coins with bitcoin* name...what do you think?
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November 14, 2017, 10:31:36 AM
 #16

hard forks cause inflation ?..
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November 14, 2017, 10:33:42 AM
 #17

is there any update in forK?
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November 16, 2017, 09:15:03 AM
 #18

The forks and the new Bitcoin Golds (Silvers, Platinums and what not) are created also to attract into the world of crypto smaller users and not only large companies that can deal with sufficient sums of money and influence on the market.
All of these kids of Bitcoin can live, and even do not affect much BTC.
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November 16, 2017, 09:28:18 AM
 #19

yeah these forks are quite random and occurring very soon so making confusion, even there is a bitcore it surges more than 300% last 2 days,
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