Are Forks really good for BTC ?

[teilwalL05]

I don't think btc fork can affect btc in any way. Forking btc means they are creating a entire new altcoin and I don't think the creation of a new altcoin will affect bitcoin in any way. The developers  fork bitcoin to make a coin which has  better features than bitcoin with less transaction fees, faster confirmation etc. But I think all these forked coins are less decentralized than bitcoin because these forked coins have got a team behind it. 

Yes they are creating new Altcoins and nothing really happens to bitcoin after the fork, or we just can't see the change after the fork, but some Altcoins that was brought up after the fork sometimes claims to be the real bitcoin than the bitcoin we used to know, or wants to replace bitcoin in telling some investors to rely it in the new upcoming coin, this is what happen to Bitcoin Cash, Developers introduce it as the real bitcoin.

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[anthinguy21]

As I think the forks made with good purpose to help Bitcoin blockchain will not be overload. As everyone can see that at the moment it take too long to complete a Bitcoin transaction. It's the reason why there are a lot of hard forks to create a new cryptocurrency from Bitcoin to make people don't only focus on Bitcoin and make it become overload. The purpose of hard fork is very good but there are some hard forks are not, I think so

[moynul2050]

This may be the cause of the increased demand for Bitcoin, so the price of Bitcoin continues to increase.
I do not even understand if this is controlled by a group. They are pushing hardfork for their benefit or is it the way they generate new coins and their goal is money?
I stopped thinking about it and enjoyed every free coin.

[Bytem3]

They are good for Bitcoin price pumping You can noticed on the chart that every time there was a fork it got pumped up and didn't drop.

[sofi@]

For the sake of increasing demand in bitcoin I think forks are quite good for bitcoin because it helps the market of bitcoin to remain strong though the alts introduce in the market don't stay as good as bitcoin still their value were good that investors get the chance to try investing on them. The value of bitcoin also appreciate because of the trust it earns from many people.

[mdzahed134]

Fork is really good for BTC because BTC holder will be get free new coin & at the same time BTC price go the moon.But one thing is not good I mean alt coin market is fully dump after fork.

[luxcoin]

In my opinion no, i think the developer of new forked bitcoin just want to make profit, some of them have like a ton of pre minned coin and want to dump it as soon as possible. Cheaper fee faster transaction just a fake reason too.
And now almost every body that have little knowledge about blockchain tech can make their own version of bitcoin

Totally agree with you.
I mean, if they do not implement such features into the BTC itself how can it improve ?!
Everyone knows that Bitcoin is the first and long I think it will remain at the top, so in this case forks are just another way to gain profit to the debs who develops the new ships-blockchain and the owner of the bitcoin before that block who has the total control of their wallet.

[luxcoin]

I don't think btc fork can affect btc in any way. Forking btc means they are creating a entire new altcoin and I don't think the creation of a new altcoin will affect bitcoin in any way. The developers  fork bitcoin to make a coin which has  better features than bitcoin with less transaction fees, faster confirmation etc. But I think all these forked coins are less decentralized than bitcoin because these forked coins have got a team behind it. 

You see that's the problem.
The forks ideally are made to solve an issue. So if the community isn't agree on something, they can not manipulate the core program, so they split. In the first case, BCH, they will want to change it in a better way, I'm pretty sure, but what for others ?

So you are right, it doesn't affect Bitcoin in anyway so it remains with the problem.

[luxcoin]

In my opinion no, i think the developer of new forked bitcoin just want to make profit, some of them have like a ton of pre minned coin and want to dump it as soon as possible. Cheaper fee faster transaction just a fake reason too.
And now almost every body that have little knowledge about blockchain tech can make their own version of bitcoin

At the moment the hard forks haven't had anything to improve of the existing foundation that Bitcoin has layed out, so I would agree that as of now there hasn't been any worthy forks. But, this can change and I'm all for improving on Bitcoin. Bitcoin has certain limitations which will need to be fixed, whether that's through soft forks or hard forks remains to be seen.

Both affect Bitcoin directly and indirectly. Hard forks tend to create a false hype around Bitcoin because of the 'free' coins that people are promised.

Finally someone who knows what he was typing ! 
Great words buddy, we're on the same boat!

[luxcoin]

I really hate the "free-money" consept of every fork.
You have 1 bitcoin in your wallet that supports the fork and after the fork you have 1 bitcoin + 1 bitcoin s*it and the forked bitcoin has some value.You didn`t bought that altcoin,maybe you don`t want to own it,but there you go,it`s a like a gift.It`s like someone ,who owns a printing machine for fake dollars,gives you 1000 fake US dollars as a dift,just like that.You can sell the fake dollars for real dollars,but is this the right thing to do?

yes, that exactly what makes me think Hard forks are not good at all

[luxcoin]

the forks that you see these days are not doing anything. all of them have been to make more money so far. i am nearly convinced that at least a couple of these forks have some whales behind them.
imagine you have at least a couple of hundred bitcoin. each fork gives you the same amount in that new token you created. selling each gives you a lot of profit, pumping each will also give you another huge profit. after a couple of pump and dumps you drop the project entirely and move on.
rinse and repeat and become a multi billionaire in a couple of years.

That seems to me an old way to do economy like central banks are used to.
So yes, for me hard forks are just another way to split your coin and get instant profit and nothing more.

I'm a libertarian bitcoiner and I do not think this will solve in any way the issue that BTC is facing nowadays. Everyone has to come a conclusion of soft forks inside the core program so it does not affect its credibility.

[luxcoin]

Don't think to much for your own.
Let's make a discussion out of the box.

When there is a new fork people are so exiting because in this way they can split their BTC with a new Crypto.
Very lucky for you buddy!

BUT, is it really worth for the community? Or is it another way to speculate and try to gain extra money ?

I mean Bitcoin ha seriously issue and everyone know about it. You guess it: scalability, fees to hight, ect

Could the new forks really solve the issue?
Because if everyone see them as free-money it's definitely not worth it and BTC remain with its problems

What do you think ?

The people who are promoting the forks will give enough reasons to support their position on the issue of solving problems, its not anywhere close because a lot of them claim to solve one problem or the other where the 4 coming out before January, are still looking to solve more problems and many more to come after that. I had mentioned that if everything is about problem I wonder how bitcoin had survived up to this moment that the problem didn't not even kill it from within.

Aside from the extra bucks its going to create to the pocket of people who had own some before the fork, I see no additional benefit they are bringing to the table. Every speculative news we have heard about adoption or ban of crypto currency, has always been about bitcoin and not the other versions. Which problem do they then to solve if not create more confusion for the community.

Great words.
Everyone is looking to have control to their wallet to even make more profit from the future hard forks. That's not what it was intended to do with that. If the dumped when they have made some profits with the free money due to the split of the blockchain and still it does not solve any issue if the new crypto will not be adopted more than previous one - the only one.

[yojodojo21]

I think, forks of bitcoin is important since many BIG mining companies supports in it, but, sometimes it causes bitcoiners to be panic because if they support another split coin , bitcoin decreases in a long-short period of time. However, I cannot defend the negative accusations about bitcoin, I always depend on my assurance that bitcoin will always be volatile in terms of increasing it's price. (:

[luxcoin]

These recent forks are nothing but a quick way to make money. They are no different from pump and dump altcoins. They might say they are trying to solve issues, but they want to make money first and foremost.

I think most of the old users think the same about it

[cluend]

Don't think to much for your own.
Let's make a discussion out of the box.

When there is a new fork people are so exiting because in this way they can split their BTC with a new Crypto.
Very lucky for you buddy!

BUT, is it really worth for the community? Or is it another way to speculate and try to gain extra money ?

I mean Bitcoin ha seriously issue and everyone know about it. You guess it: scalability, fees to hight, ect

Could the new forks really solve the issue?
Because if everyone see them as free-money it's definitely not worth it and BTC remain with its problems

What do you think ?

BTC forks improve bitcoin because it add more demand for btc price .

if you have 10 btc in your wallet before fork willl get 10 btc free from new fork

[gutavo1dias]

I don't think btc fork can affect btc in any way. Forking btc means they are creating a entire new altcoin and I don't think the creation of a new altcoin will affect bitcoin in any way. The developers  fork bitcoin to make a coin which has  better features than bitcoin with less transaction fees, faster confirmation etc. But I think all these forked coins are less decentralized than bitcoin because these forked coins have got a team behind it.

[shesheboy]

They are good for Bitcoin price pumping You can noticed on the chart that every time there was a fork it got pumped up and didn't drop.

yes i totally agree with you because i can also notice that everytime theres an upcomming forks or segwits  the price of bitcoin usually starts to increase overtime just before the forks/segwit begins and i think it is because people holds and buys more bitcoin because they are assumming that they could get a free forked coins which is equivalent to their bitcoin balances and that simply means the more your bitcoin balance the more your free forked coins youl also get. one reason i also think that forks are good its because they add innovation to bitcoin by updating or upgrading the bitcoin networks by fixing some major issues and problems like scalling and to increase the current block size to avoid the transactions for getting congested and stuck/unconfirmed.

[luxcoin]

Don't think to much for your own.
Let's make a discussion out of the box.

When there is a new fork people are so exiting because in this way they can split their BTC with a new Crypto.
Very lucky for you buddy!

BUT, is it really worth for the community? Or is it another way to speculate and try to gain extra money ?

I mean Bitcoin ha seriously issue and everyone know about it. You guess it: scalability, fees to hight, ect

Could the new forks really solve the issue?
Because if everyone see them as free-money it's definitely not worth it and BTC remain with its problems

What do you think ?

BTC forks improve bitcoin because it add more demand for btc price .

if you have 10 btc in your wallet before fork willl get 10 btc free from new fork

Yes I know you can get free-coin from a fork. But is it really worth for the community? Or is it another way to gain extra money in short ?

Because if everytime a new Bitcoin fork try to became the " true BTC" by changing some code but it fails miserably it does not make much sense other then make you richer.

[gamerfan]

In my opinion forks are not good because they raise inflation creating new coins. Also, they abuse the name of Bitcoin and that's not fair.
Maybe (but just maybe) there could be some fork done with honest intentions, because its developers really want to implement new feature to make Bitcoin better, but that's not the right way to do it. This way it looks just speculation and free money to get...

[luxcoin]

I don't think btc fork can affect btc in any way. Forking btc means they are creating a entire new altcoin and I don't think the creation of a new altcoin will affect bitcoin in any way. The developers  fork bitcoin to make a coin which has  better features than bitcoin with less transaction fees, faster confirmation etc. But I think all these forked coins are less decentralized than bitcoin because these forked coins have got a team behind it.

Not totally true.
Even the Bitcoin core has a team behind it and they work even harder.
When they try to add such new features by fork the blockchain creating a new alt coin, they think their coin would become the " Main BTC" because of that problem that it solves.

But for now, they do not change a thing in my opinion. If they truly want to solve a problem they have to act inside the BTC itself otherwise we continue to have such a issues.