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Author Topic: What are experts saying about the fork?  (Read 106 times)
taera247
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December 06, 2017, 12:56:10 PM
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What are experts saying about the fork?

There are differences of opinions within the bitcoin industry as to whether a fork is good or bad.

"These forks are very bad for bitcoin. Saturating the market with different versions of bitcoin is confusing to users, and discredits the claim that there are a limited number of bitcoins — since you can always fork it and double the supply," Sol Lederer, blockchain director at Loomia, said in an emailed statement Tuesday.

But some have said forks are a good part of any cryptocurrency ecosystem.

"If a crypto-community has irreconcilable differences, then you can go your separate ways and that is just fine," Bob Summerwill, chief blockchain developer at Sweetbridge, a company creating blockchain solutions, said in a statement Tuesday.

Still, there is bullishness around bitcoin. A survey carried out by CNBC last week asking where the bitcoin price was headed found that 49 percent of the 23,118 people who voted answered "above $10,000."
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December 08, 2017, 05:41:31 AM
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If the experts only explain the negative attitude to the bitkonov plugs by the fact that people will get confused in different versions of bitcoins and the fact that forks actually allow an unlimited number of bitocons, it is not so bad as to reject forks in principle. Forks are a good way out if the original bitcoin accumulates flaws and vulnerabilities, as at this time, and does not want to improve. There are new versions of it, which are technologically more advanced and this approach leads to a rapid improvement of the crypto currency. Without such an opportunity and without competition, bitkoyn could not develop further.

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December 08, 2017, 05:57:10 AM
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What are experts saying about the fork?

There are differences of opinions within the bitcoin industry as to whether a fork is good or bad.

"These forks are very bad for bitcoin. Saturating the market with different versions of bitcoin is confusing to users, and discredits the claim that there are a limited number of bitcoins — since you can always fork it and double the supply," Sol Lederer, blockchain director at Loomia, said in an emailed statement Tuesday.

But some have said forks are a good part of any cryptocurrency ecosystem.

"If a crypto-community has irreconcilable differences, then you can go your separate ways and that is just fine," Bob Summerwill, chief blockchain developer at Sweetbridge, a company creating blockchain solutions, said in a statement Tuesday.

Still, there is bullishness around bitcoin. A survey carried out by CNBC last week asking where the bitcoin price was headed found that 49 percent of the 23,118 people who voted answered "above $10,000."

Bitcoin repeated Forks are perfect for it's long term success. Bitcoin cash and Bitcoin gold which launched in August and November respectively, both take the original currency in a new direction, attempting to fix some of its biggest flaws.
Ultimately, the hard fork was designed to fix what is a perceived problem at this point as it hasn’t created any real issues. Nonetheless, that problem is the idea that the miners as a whole, have too much influence over the direction of the bitcoin network. As a result, this update lessens their control by making a change to the mining algorithm that will work with cheaper graphics processing units, ultimately increasing the amount of miners in the pool and limiting control by diversification.
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December 08, 2017, 06:01:05 AM
 #4

Traders or old investors will say Yes hardfork is good coz it's give free money, while new users of this will get confuse other than that bitcoin may get slow transaction so people will shift to other alts instead.

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December 08, 2017, 06:02:57 AM
 #5

If the experts only explain the negative attitude to the bitkonov plugs by the fact that people will get confused in different versions of bitcoins and the fact that forks actually allow an unlimited number of bitocons, it is not so bad as to reject forks in principle. Forks are a good way out if the original bitcoin accumulates flaws and vulnerabilities, as at this time, and does not want to improve. There are new versions of it, which are technologically more advanced and this approach leads to a rapid improvement of the crypto currency. Without such an opportunity and without competition, bitkoyn could not develop further.

What you are blabbering and confusing you and me too. Please first correct your English or at least have granmer tool while you typing. Fork is just correction part which happen on bitcoin. This will reduce the bitcoin price little and increase the block size which can help us to transfer the bitcoin faster with the more confirmations.
Every time hard fork this we found segwit along with that time and it gives all the way to make money by pulling it little dump and bump back after sometime.


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jseverson
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December 08, 2017, 06:11:24 AM
 #6

Forks are only good if they're done primarily due to an advocacy. Bitcoin is open source, so anyone and everyone can come up and implement their own solutions for its known problems. Common sense says this is a good thing, because that means pretty much everyone can devote brainpower to solve its issues.

What has happened instead, though, is that either forks are politicized, or done entirely for cash grabbing purposes. BCash and Segwit2x wanted to be the "true" Bitcoin, while the others really just want a quick buck. If these are the kinds of forks we're getting, then they can cause no good for Bitcoin as a whole, and may even be harmful.

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