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Author Topic: Are Forks really good for BTC ?  (Read 764 times)
Shreek
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December 12, 2017, 08:09:49 AM
 #41

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, I agree with you, that fork also has advantages for those who have bitcoin, and besides that also fork have an effect on to repair system.

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December 12, 2017, 08:10:40 AM
 #42

They are good for Bitcoin price pumping Cheesy 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.

Great words buddy.
In my opinion however with forks they do not solve any problem inside BTC because they create another altcoin. So the features the implement are only for the new  bitcoin-something. It can at first be thought like it has to be a test before implementing in the main BTC, but at the end we saw that was not something like that.
Instead they continue to fork...

Other than get free-coin unfortunately I do not see it in a good way.

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December 12, 2017, 08:11:59 AM
 #43

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...

We're on the same boat!
Hoping what you wrote  Roll Eyes Sad

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December 12, 2017, 08:30:35 AM
 #44

I think forking bitcoin is duplication and it can be confusing either now or in the future; that is, taking about the name bitcoin but on the contrary as to the effects, I think it has made bitcoin relevant more and profiting because ever since forking, bitcoin has been going bullish.
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December 12, 2017, 08:37:50 AM
 #45

This is what i thought first when forks has been made to solve issues related to scale and blockchain and possible frauds. But, as promotion starts for forks like it's an ICO, i start thinking other ways. So Forks are really good for holders and investors. Remember all the latest forks in bitcoin blockchain that aim to solve specific problems but the issues still occurs till our days.
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December 12, 2017, 09:05:07 AM
 #46

No, Bitcoin forks are usually for the gain of the developers, they pre-mine a large amount of coins and have huge gains once the coins reach the exchanges.
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December 18, 2017, 02:16:41 PM
 #47

I think forking bitcoin is duplication and it can be confusing either now or in the future; that is, taking about the name bitcoin but on the contrary as to the effects, I think it has made bitcoin relevant more and profiting because ever since forking, bitcoin has been going bullish.
Yes, I think many people does not understand which is the main difference between BTC and BCH - I heard once someone said that there are also "fake Bitcoin" nowadays  Grin Cheesy
The free-money is a problem because the short investor see it as a form of gain extra money easily without any effort.
On the other hand there are folks that believe that forks make BTC core stronger and stronger

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December 18, 2017, 02:20:00 PM
 #48

It's been proven that forks only strengthen BTC even more. Just like how it recently went with Bitcoin Cash.
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December 18, 2017, 02:24:57 PM
 #49

This is what i thought first when forks has been made to solve issues related to scale and blockchain and possible frauds. But, as promotion starts for forks like it's an ICO, i start thinking other ways. So Forks are really good for holders and investors. Remember all the latest forks in bitcoin blockchain that aim to solve specific problems but the issues still occurs till our days.
Sooner or later they have to implement and change features that are causing Bitcoin a lot of problem of scalability. The Hype there is now make it even worse.

Every forks believe that they are " what BTC should be" but they fail somewhere.
The core Bitcoin has to see how the new fork is resolving the issue and if it works then they could implement inside it. in other words the forks has to be the test.

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December 18, 2017, 02:25:51 PM
 #50

No, Bitcoin forks are usually for the gain of the developers, they pre-mine a large amount of coins and have huge gains once the coins reach the exchanges.

SCAMMERS in other words  Grin Cheesy

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December 18, 2017, 02:26:17 PM
 #51

It's been proven that forks only strengthen BTC even more. Just like how it recently went with Bitcoin Cash.

Hoping so buddy

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December 18, 2017, 02:30:07 PM
 #52

As I think the forks made with good purpose to help Bitcoin blockchain will not be overload,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
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December 18, 2017, 04:52:04 PM
 #53

yes bitcoin cash is fork and give us other good coin when bitcoin be so expensive.
most of bitcoin forks only altcoin with small support and bad developer when to be rich fast.
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December 18, 2017, 05:29:49 PM
 #54

I did not see any change in the BTC with respect to forks.
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December 18, 2017, 07:54:25 PM
 #55

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, I agree with you, that fork also has advantages for those who have bitcoin, and besides that also fork have an effect on to repair system.
Fork challenges it teach a lot to bitcoin which make bitcoin more strong then ever so I will agree with that forks are really good for bitcoin if these forks will not come to ward bitcoin so I don’t think so bitcoin will become strong and popular in markets when china ban bitcoin so everyone was thinking that it’s a end of bitcoin but the way bitcoin fight against china so I will must appreciated bitcoin and now we can see where is bitcoin and what is it price.
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December 18, 2017, 08:33:31 PM
 #56

There are still only 21m BTC, so I think fork is not very influential.
Interestingly, we added BCH, BTCUN, SBTC in our wallets.
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December 18, 2017, 08:44:55 PM
 #57

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 ?

From my own understanding of what the forks was partly intended to do was to somehow reduce the price strength of the bitcoin and share with the newly formed fork/branch. Bitcoin after each fork will then regarner strength and build up again. Apart from having free equivalent volume of what you had in your bitcoin, a new coin is being formed and given value with the influence of the bitcoin. On the overview, we can see that the forks have had no real impact on the bitcoin itself.
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December 18, 2017, 09:21:31 PM
 #58

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 ?
As far as i can tell,none of the forks which happened since August 1 have had the desired effect it was meant to have, we are still paying outrageous fees to miners so that our transactions get confirmed and its taking longer than ever for that to happen.
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December 18, 2017, 09:49:54 PM
 #59

nope just people trying to get free money .It is working so more power to then. Anything with bitcoin in its name get free money tossed at it

.
SPIN

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Jahreer
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Activity: 80
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December 18, 2017, 10:06:23 PM
 #60

Forks are really good for generating money out from the air, esp. for fork-makers.
I have doubts that they will be really wide-spreaded, however useful & progressive they might be.
BTC is the slow, expencive but true golden standard of Cryptos, people will believe it despite of it's technical imperfection.
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