Bitcoin forks

[mickymax777]

I'm not a hard core bitcoin supporter, but I believe it is a great long term solution for the world.

Why are there so many forks? Will we get to a point where there are 20 - 50 bitcoin variations.

I see that more and more people are refering to Bitcoin Core, in my humble opinion it is the first and only bitcoin.

What's your feeling.

[shadow404]

I also do not understand why too many forks are happening and the future possibilities are many more so as to disturb the balance of other coins but bitcoin is bitcoin and this is the first so it will not be replaced

[cryptonoob312]

I think that forks are no good. They show that original bitcoin has disadvantages. Forks can drop the price of bitcoin or even lead to its death.

[kevoh]

The forks are supposed to split bitcoin's block chain in order to fix any of its disadvantages ranging from security loopholes to faster transactions. Unfortunately, most of the forks have been created with the intent of making more money. No loyalty to block chain technology, just making money from forks. That is why the forks quickly loose relevance faster than they came up.

[sehmuzcan]

I think that forks are no good. They show that original bitcoin has disadvantages. Forks can drop the price of bitcoin or even lead to its death.

If bitcoin has disadvantages, isn't it normal that people go for forks to try to fix and improve cryptocurrency system? I am just trying to understand.

[fanbeila]

Nowadays,it has become a new trend of hard forking bitcoin frequently.

All credit goes to the bitcoin antichrist Roger ver.He was the first to create BCH by hard forking.Later,some miners found it as a new way of getting quick profits.Some miners join together and just hard fork bitcoin creating a new coin such as bitcoin gold,bitcoin diamond,etc.

Nowadays,it seems to be much easier to hard fork bitcoin and create a new coin instead of creating a new altcoin.

Its not good for the reputation of bitcoin and people nowadays have left their attitude of showing huge interests on such forks and air drops.

But bitcoin core remains the true bitcoin and it would remain unchanged.

[amishmanish]

I'm not a hard core bitcoin supporter, but I believe it is a great long term solution for the world.

Why are there so many forks? Will we get to a point where there are 20 - 50 bitcoin variations.

I see that more and more people are refering to Bitcoin Core, in my humble opinion it is the first and only bitcoin.

What's your feeling.

You are not a hardcore bitcoin supporter probably means you are not a bitcoin maximalist. I haven't been on the sub-reddits for sometime and have almost forgotten whats going on with that group. Whether it turns out to be a great solution or not completely depends on whether its going to really open up the investment/ earning / saving opportunities for more and more people. Regulations remain a hurdle for that.

There are so many forks because anybody with enough knowledge of the code is free to do it.

And this is really not the place to get into the Bitcoin vs Bitcoin Cash debate but scaling issues for BTC really need to be solved and that is the most exciting developments we need to look froward too. Bitcoin Core supports Segwit and low block size while the Bitcoin Cash group already has a 8 MB block size. Its going to be interesting to see how well they scale with an increased block size. Whether it really increased centralization or will the hardware for full nodes catch up in time.
For the moment, all these questions stand sidelined as BTC seems to be hurtling unstoppably to 20K.

[Rabiulawal12]

I'm not a hard core bitcoin supporter, but I believe it is a great long term solution for the world.

Why are there so many forks? Will we get to a point where there are 20 - 50 bitcoin variations.

I see that more and more people are refering to Bitcoin Core, in my humble opinion it is the first and only bitcoin.

What's your feeling.

If bitcoin minners didn't have enough Forks on thier plate another one is comming up on Christmas day of all things. In addition to an already heavily forked cryptocurrency that consists of Bitcoin Classic, the now-defunct Bitcoin XT, Bitcoin Cash, and Bitcoin Gold, they will soon be joined by Bitcoin God.

Yes, you heard it right; Bitcoin God is due to be forked off on Christmas day by Chinese blockchain investor Chandler Guo who has announced he will release his own version of the currencies.

[mickymax777]

Apparently the Bitcoin Gold fork is "to give free money to the people" that's according to the initiator. Whata load

[Catmony]

Core is the original developer team behind the bitcoin from start so any version of bitcoin supported by core team is referred as original chain or bitcoin.  All other forked coins are cloned by random developer as bitcoin is open source and even you can fork it in your own way, the only thing that makes bitcoin as bitcoin is the huge community support it have along with millions of bitcoin holder who can hold their bitcoins for really long time.

[mickymax777]

I'm not a hard core bitcoin supporter, but I believe it is a great long term solution for the world.

Why are there so many forks? Will we get to a point where there are 20 - 50 bitcoin variations.

I see that more and more people are refering to Bitcoin Core, in my humble opinion it is the first and only bitcoin.

What's your feeling.

You are not a hardcore bitcoin supporter probably means you are not a bitcoin maximalist. I haven't been on the sub-reddits for sometime and have almost forgotten whats going on with that group. Whether it turns out to be a great solution or not completely depends on whether its going to really open up the investment/ earning / saving opportunities for more and more people. Regulations remain a hurdle for that.

There are so many forks because anybody with enough knowledge of the code is free to do it.

And this is really not the place to get into the Bitcoin vs Bitcoin Cash debate but scaling issues for BTC really need to be solved and that is the most exciting developments we need to look froward too. Bitcoin Core supports Segwit and low block size while the Bitcoin Cash group already has a 8 MB block size. Its going to be interesting to see how well they scale with an increased block size. Whether it really increased centralization or will the hardware for full nodes catch up in time.
For the moment, all these questions stand sidelined as BTC seems to be hurtling unstoppably to 20K.

I love blockchain tech, and always look at the new cryptos. I'm a alt-coiner but the recent developments, and price increase in BTC, has lead me to further investigate BTC. I like the idea of bitcoin maximalist.

It appears to me that BTC is the origins of all cryptos, and for that mere fact I want to get my hands on some BTC. Buying the dips, what dips?? whahaha

[tonysitaly]

I think some people have seen the benefits. There are too many forks. A few forks may have a positive effect on the correction of the special currency. But now, you see, the fork is too casual, and the feeling is overflowing. Some forks still exist in advance by miners, which are unhealthy behavior.

[Turkish88]

Imagie you want to earn money's on cryptoworld.
You have 2 ways: develop your own coin with original idea or stole completely finished and succes product how original bitcoin.
Some peoples take second version and born the next fork

[AndriyPilipyak]

there are too many forks in future-good profit for btc owners

[Getmon]

I'm not a hard core bitcoin supporter, but I believe it is a great long term solution for the world.

Why are there so many forks? Will we get to a point where there are 20 - 50 bitcoin variations.

I see that more and more people are refering to Bitcoin Core, in my humble opinion it is the first and only bitcoin.

What's your feeling.

Several disagreements within the team and within the central community of Bitcoin stakeholders such as miners and large whales of investors are the main causes of forks. Although some are not really hard forks, Bitcoin Cash and the failed B2X that should have been implemented in November are actual splits from Bitcoin. Bitcoin Cash basically does not share anymore the current standing of Bitcoin. When that is at stake there is no way for them to stand solid. One has to move out.

[severaldetails]

If you you are capable to write code, than you can make really a lot of money by creating a fork.
Enough for the rest of the life, I assume. It is much easier to create a fork than to create a new crypto currency from the ground.
And by forking bitcoin, there is already the brand 'bitcoin' included, so you have good advertisement.
I fear this will become some kind of a sport in the next yeras, but my hope is that people will become tired of it and not invest in new forks anymore at some point.

[pikebu]

I'm not a hard core bitcoin supporter, but I believe it is a great long term solution for the world.

Why are there so many forks? Will we get to a point where there are 20 - 50 bitcoin variations.

I see that more and more people are refering to Bitcoin Core, in my humble opinion it is the first and only bitcoin.

What's your feeling.

The aim of bitcoin forks is to fixing the bitcoin's network to be more better in the future but always there are people who doesn't agree with desicions of bitcoin hard fork and everyone be free to choose which are the blockchain will be followed by community, bitcoin is decentralize, transparant and bitcoin is more than democracy in the countries. I am netral to see about the bitcoin hard fork because however we are community of digital coins and this community is must going up and many choice in digital coins.

[gribble]

I have saw that like it or not, forking bitcoin has become an efficient approach for blockchain teams to receive quick money
Will many fork is coming on couples months later except bitcoin cash and bitcoin gold they are

Bitcoin Diamond (BCD) Forked at block 494604, The BCD team so far has only released information about its lead Chinese community leader Yang Linke, former founder of BTC China and creator of ICO Coin.

Super Bitcoin (SBTC) is planned to fork at block 498888, and we’re already seeing SBTC futures reach over 0.13 BTC on the exchangers.

Bitcoin Platinum(BTP) fork, BTP plans to fork at block 498533 on December 12. It is said that BTP is GPU-mining-friendly with no pre-mine, and that it will adhere to the Segwit2x solution.

Bitcoin Cash Plus (BCP). BCP will fork at block 501407 on or around January 2, 2018. It will adopt the Equihash mining algorithm.

Bitcoin Uranium(BUM). BUM will occur in December. It allows GPU and CPU mining and does not sport a pre-mine. The team is working on its website and Github pages.

Bitcoin Silver(BTSI). BTSI will fork some time in December, but block is still not decided. It changes Bitcoin’s proof-of-work algorithm from SHA256 to Equihash. Bitcoin holders who possess BTC private keys will receive Bitcoin Silver on the rate of 1 BTC=1 BTSI.

Bitcoin X (block to be decided). It has 210 billion in total and will be distributed to bitcoin holders on the rate of 1BTC=10000 Bitcoin X.

But it will not happening if the there are no people who support the hard fork and i think it is not to be problem for the bitcoin

[Shamie1002]

I agree to op above me. Since the block chain are becoming slower and gaining high fees due to massive adaption the devs decided along with the miners to fork bitcoin for more efficiency. Yet due numerous forks, confuses lot of users. And we cannot expect everyone to just drop a trusted coin because it is proven in years. Not all but there are coins that have a huge potential in the future. And I know people will see that very soon.
I just don't want the centralized concept of some coins. I think it's one of the reasons why some do not adapt alts.

[JoyofCrypto]

The vast majority of Bitcoin forks were created because some people want to get rich quick. Most of the forks should be ignored and once you get the coins from it - instantly sell them and forget about it. They are an attack on Bitcoin.