Are Forks really good for BTC ?

[luxcoin]

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

I think they miss the point: there cannot be more than one CORE Bitcoin. And as for now how many are out there ? Too much for being consider only one. I mean the other has to be "test-coin" and if that feature works better than Core one, so they have to implement that. But for now I see only as free-coin or free-money and I don't like too much 'cause they are right referring BTC as a " form only to speculate". So the forks now are pretty seen like that.

[jko4]

So, https://b2x-segwit.io/ was made by blockstream devs.
The goal of fork is  to destroy bitcoin.
Blockstream devs openly work on destroying bitcoin with fees, and now also with stupid forks.
Blockstream is on Roger Ver payroll? The only man who benefits from this SegWit drama is Roger Ver with his Bitcoin.com website. Andreas Antonopoulos, biggest 1mb limit shill, was openly paid recently by Roger Ver in form of "donations". What for he was paid over $1mil? For not liking BCH and supporting high fees in BTC blockchain? Roger Ver goal is full control of bitcoin software and bitcoin.com website, so he can be a bitcoin boss. And the only way for him to succeed is destroying bitcoin.org software.

[luxcoin]

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.

That's the main reason that scares me and most of. The Devs that forked the BTC core blockchain could have a fair idea in their mind but it's so difficult to tell if they truly have a good purpose. Or if that would be a shit-coin even if it's called BTC-something. And many believe that with forks that can gain extra money so they dump after having accredited.

Think about that: how can you explain that to newbies ?
It's quite hard

[luxcoin]

I did not see any change in the BTC with respect to forks.

The problem is what you exactly mentioned. The other forks think that they can be the BTC core number 1 and replace the "old Bitcoin" but they failed. Because you cannot replace the first cryptocurrency just saying " you're better then that" : you at first have to prove it why and have the community and the history behind it. So I think the forks would never replace the core BTC but the good features they solve could be implemented on the Bitcoin core itself

[XoBox]

Since ICOs have been banned in China, BTC forks become next big thing to attract new investors. I think most of them are just another HYIPs and there is no need to make 5-8 BTC hard forks each month.

[CantIdentify]

I think it's all a speculation. Just my opinion tho

[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 ?

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.

Unfortunately you're right! What they all brought it is confusion and make BTC even stronger but still with some problems to be solved. So in a kind different angle we are "controlled" by miner and the cost of their fees that get higher and higher.

[luxcoin]

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

I'll go along with you.
I studied so long that issue and overtime I come with the same conclusion: it doesn't make any sense other than grow BTC core even more.
When you read about new fork has coming you are quite exiting: FREE MONEY!!
But if you look further you realise that it could be dangerous for the community itself and it's so hard to communicate with the newbie the potential of decentralise coins.

I hope they gonna solve the issues soon : we need it!

[reck1ess]

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.

I'm still new to this fork thing and hope i get some clarification here. So fork coins are just altcoins that confused you to put some of your bitcoin to their project and will give you a same amount of it as fork?

[JhonWong]

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.

I think BTC's price is largely due to electricity tariffs, if there is no miner that BTC can not survive, ETH is the same.
Why do you think we should reduce the cost of paying the miners? The Kingdom is based on the miners' support, and that's the rule.
As you say, the confirmation is getting slower and slower...

[soma50]

I think bitcouine will benefit.
Because people will buy bitcoin to earn profit from the gag,
This will affect the growth of bitcoin in the market cap. The number of invesment in bitcoin but growing.

[bryant.coleman]

I don't now whether the forks are good for Bitcoin or not. But they have been good for me. Check the exchange rates of Bitcoin and the various forked coins (as per Coinmarketcap):

1. Bitcoin: $15,574 (per coin)
2. Bitcoin Cash: $3,012
3. Bitcoin Gold: $302
4. Bitcoin Diamond (futures): $62
5. Bitcoin Unlimited (fut.): $238
6. Bitcoin United: $550
7. Super Bitcoin: $337

There are 7-8 other forked coins as well, but I am not listing them. In total, if you had 1 BTC on August 1 2017, then you will be having more than $20K worth of coins right now.

[Booted1543]

Honestly, other than the pump BTC usually gets right before the fork they don't seem to really affect it. After everything is said and done it just becomes another altcoin.

[Faolom]

New fork Segwit2X fork can make the Bitcoin community bigger and the chain stronger
More info here: https://b2x-segwit.io/

You can help to promote the fork by submitting a support ticket to your favorite exchange and ask if they foresee the Segwit2x fork listing anytime soon.
The larger and more active is the community - the faster exchange platforms should commit to a fork

1. Bitfinex
https://www.bitfinex.com/support
https://twitter.com/bitfinex

2. Bithumb
https://www.bithumb.com/u1/US129/18?v=pc

3. Bittrex
- https://bittrex.zendesk.com/hc/en-us
- http://slack.bittrex.com/
- https[Suspicious link removed]xchange

4. Binance
https://support.binance.com/hc/en-us
https://twitter.com/binance_2017
https://t.me/binanceexchange (ENG)
https://t.me/BinanceChinese (CH)
https://t.me/binanceexchange (RU)


5. OKEx
https://www.okex.com/linkUs.html
https://twitter.com/OKEx_

6. Poloniex
https://poloniex.freshdesk.com/support/home
https://twitter.com/Poloniex

7. Bitstamp
https://www.bitstamp.net/
https://twitter.com/Bitstamp

8. Huobi
https://www.huobi.pro/
https://twitter.com/HUOBI_Pro
https://t.me/huobiproofficial

9. Kraken
https://support.kraken.com/hc/en-us/requests/new
https://twitter.com/krakenfx

10. EXX
https://cex.io/
https://t.me/EXXcom

[gabmen]

Honestly, other than the pump BTC usually gets right before the fork they don't seem to really affect it. After everything is said and done it just becomes another altcoin.

For now maybe. But if you look at bcc, it has a very good chance of becoming a major player in the crypto market. Well other fork coins i think aren't that promising like lightning or god, but bcc has a good future with roger ver backing it

[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 ?

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.

I think BTC's price is largely due to electricity tariffs, if there is no miner that BTC can not survive, ETH is the same.
Why do you think we should reduce the cost of paying the miners? The Kingdom is based on the miners' support, and that's the rule.
As you say, the confirmation is getting slower and slower...

I agree with you that Miners are essential for the network to live - and without anyone who control and approve the block, the idea of decentralisation can no longer exist. However they want to gain extra money to approve first the transaction for which they put an higher fee than others so the fee would increase more and more.

So it's no longer the " low fee" which could convince a merchant to accept that type of payment on their store.

[luxcoin]

I don't now whether the forks are good for Bitcoin or not. But they have been good for me. Check the exchange rates of Bitcoin and the various forked coins (as per Coinmarketcap):

1. Bitcoin: $15,574 (per coin)
2. Bitcoin Cash: $3,012
3. Bitcoin Gold: $302
4. Bitcoin Diamond (futures): $62
5. Bitcoin Unlimited (fut.): $238
6. Bitcoin United: $550
7. Super Bitcoin: $337

There are 7-8 other forked coins as well, but I am not listing them. In total, if you had 1 BTC on August 1 2017, then you will be having more than $20K worth of coins right now.

You are right BUT does it really help Bitcoin to improve its potential ?
Or are you just a speculator who wants to gain easy money and does not care about its revolutionary idea ?

[luxcoin]

New fork Segwit2X fork can make the Bitcoin community bigger and the chain stronger
More info here: https://b2x-segwit.io/

You can help to promote the fork by submitting a support ticket to your favorite exchange and ask if they foresee the Segwit2x fork listing anytime soon.
The larger and more active is the community - the faster exchange platforms should commit to a fork

1. Bitfinex
https://www.bitfinex.com/support
https://twitter.com/bitfinex

2. Bithumb
https://www.bithumb.com/u1/US129/18?v=pc

3. Bittrex
- https://bittrex.zendesk.com/hc/en-us
- http://slack.bittrex.com/
- https[Suspicious link removed]xchange

4. Binance
https://support.binance.com/hc/en-us
https://twitter.com/binance_2017
https://t.me/binanceexchange (ENG)
https://t.me/BinanceChinese (CH)
https://t.me/binanceexchange (RU)


5. OKEx
https://www.okex.com/linkUs.html
https://twitter.com/OKEx_

6. Poloniex
https://poloniex.freshdesk.com/support/home
https://twitter.com/Poloniex

7. Bitstamp
https://www.bitstamp.net/
https://twitter.com/Bitstamp

8. Huobi
https://www.huobi.pro/
https://twitter.com/HUOBI_Pro
https://t.me/huobiproofficial

9. Kraken
https://support.kraken.com/hc/en-us/requests/new
https://twitter.com/krakenfx

10. EXX
https://cex.io/
https://t.me/EXXcom

SCAM 

[bigvito19]

not really....

[Anyobsss]

I don't really know the answer myself and i have been wondering the same thing, are forks really good for btc? Does it really help bitcoin to improve? I have read some answers of people in the crypto community, they said that bitcoin forks dont really helps bitcoin to improve, it is just developers want to profit. I don't really know what to believe so i will just make my own research if whether forks helps bitcoin to improve or not.