Why Bitcoin Needs Fork? Is Forks are good for Bitcoin?

[Lieldoryn]

I just heard from my friend that,  5 Bitcoin Forks can be happen in next 4 months. I was wonder that why bitcoin needs fork? is it helpful for bitcoin stability? Please Tell me kindly.

Have a good day. Thank You

blockchain success technology : have more than 1000 coins only 50 is successful.

Bitcoin success coin : have more than 5 forks only 1 is successful BCH

Do not underestimate these coins. Bitcoin is also several years was in the cradle and was waiting in the wings. Perhaps all the coins now are also in the cradle and waiting in the wings. In the world of cryptocurrency, it's impossible to know in advance. I recommend not to send shards of bitcoins into the landfill. Wait and maybe someday you will be rewarded.

[emberbekas]

forks are like upgrades to bitcoin. and it needs them to add new functionality for example bitcoin needed a fork to enable P2SH (multi signatures) and it needed a fork to enable Segregated Witness.

the things you are seeing these days and you have mentioned are not forks for bitcoin, they are rather forks from bitcoin. so bitcoin doesn't need them. they are just creating a new altcoin out of an already working system!

The main idea of a fork is patching outdated features or adding new features that are considered necessary. Fork that happened lately due to differences of opinion but unfortunately after the success of bitcoincash, it seems the fork season will continue to occur.

[Bayem Busted Maker]

Bitcoin doesn't really need hard forks it is just that we can't stop other people from forking it because Bitcoin code is open source and fork developers can make easy money from it (that's why more of this worthless fork will come). Hard fork doesn't really help Bitcoin because it is a proposed solution to Bitcoin problems and aims to replace the original Bitcoin, but it may help the way that it can boost the price of Bitcoin, what might happen is investors will buy more Bitcoin before the hard fork occurs to receive more fork coins then after a successful hard fork, Bitcoin holders will claim their free coins then sell it to buy more Bitcoin, that will result in surge in price of Bitcoin.

exactly what i think, all that fork just almost have no real effect on bitcoin itself, just some greedy dev try to make extra money

[cutebat]

Forks are the same thing as getting an upgrade. In order for Bitcoin to immerse with the growing changes, forks can help in showing support for these changes.

[Yakamoto]

I just heard from my friend that,  5 Bitcoin Forks can be happen in next 4 months. I was wonder that why bitcoin needs fork? is it helpful for bitcoin stability? Please Tell me kindly.

Have a good day. Thank You

Forks can be beneficial in the way that upgrades can be beneficial for a piece of software if they're implemented correctly and have some value that can come out of them. Forks are bad in the sense that people can just keep forking the blockchain over and over and over and make their own tokens which they can sell to people who are trying to make a quick buck on tokens themselves. Honestly they're not bad but at the same time they never end up being good because the actual upgrade rarely ends up being used.

[Avispeat]

I just heard from my friend that,  5 Bitcoin Forks can be happen in next 4 months. I was wonder that why bitcoin needs fork? is it helpful for bitcoin stability? Please Tell me kindly.

Have a good day. Thank You

Because you don't have central authority that will come and say no forks allowed. Bitcoin is free land everyone can do whatever they want. By forking bitcoin you are at higher position that lunching your own alt. We all know problem with bitcoin now.

[BossMacko]

The purpose of a fork is to solve the problem of the Bitcoin like the speed of transaction, the transaction fee etc etc but the problem with the fork is that it really doesnt solve the problem instead they are using Fork to gain money.

[warning_btc]

Forking is method to major update program code, but some developers uses this method not on purpose and making their altcoins

[orka39]

Before the release of the first forks, the cost of bitcoin increased sharply. People wanted to get free new coins on stock exchanges. Now this phenomenon is no longer there. I think that most forks will disappear.

Fork is like a scheme to make new thing like altcoin without affect to bitcoin itself. I was thinking fork can make transaction become faster and lower price but it dont. Sad to here about nothing change with bitcoin after fork.

[konfuci]

Dealing Only with Bitcoin is always a good side but Dealing with fork does not give your justify value after a long period of time.

[shone08]

Before the release of the first forks, the cost of bitcoin increased sharply. People wanted to get free new coins on stock exchanges. Now this phenomenon is no longer there. I think that most forks will disappear.

Fork is like a scheme to make new thing like altcoin without affect to bitcoin itself. I was thinking fork can make transaction become faster and lower price but it dont. Sad to here about nothing change with bitcoin after fork.

I also dont understand why we need to have a fork all I know if fork coming the bitcoin price are performing a dump and the market become dip.
I read some comment and I noyicr that fork are coming to solve the some issue of bitcoin? So meaning after fork the price of bitcoin performing a pump up? But why still theres some issue that cannot fix in bitcoin network meaning fork are good and sometimes bad.

[khaled0111]

A hard fork means changing the network protocol. The bitcoin networks needs these changes to solve problems like malleability, block size, security risks...
It is like a software update.
Any good developer can do a hard fork but the hard task is to convince all nodes to adopt it.
We see many greedy people introducing new hard forks everyday but no one cares about them.

[SaShiRaJaVu]

I just heard from my friend that,  5 Bitcoin Forks can be happen in next 4 months. I was wonder that why bitcoin needs fork? is it helpful for bitcoin stability? Please Tell me kindly.

Have a good day. Thank You

A fork happen when someone wants to break off the current bitcoin blockchain and create an independent coin with their network capabilities and run their own program and it wont affect bitcoin in any way as anyone can fork any number of times from the main chain and create their own coin,one thing is that these fork could give you free coins if you are holding bitcoin in your wallet.

[vv181]

Actually, it's unnecessary some corporate just want to have a quick scheme for profit using Bitcoin forks. In my opinion, Bitcoin is so flawed since BCH was created. It allows the miners to flip-flop between coins at any time.

Bitcoin doesn't need forks to solve the scalability issue. It just requires a massive segwit adoption and lightning network being implemented on the network.

[giveen]

No not always specially all these sbtc , segweet , btg and god knows how many have already occured , all these don't do any good to btc they are just done to pre mine and huge amount of coins and sell it when the price is high.
For example the one which recently occured had been pre mined 2 million of their shit , so even if price is $1 they get $2 million just for copying some code.

[Harley29]

Yes, forks can bring something positive to bitcoin ( unless they are just made to collect some bucks and ignore the new born coin ) ie, some people ( who do not know about digital coins) discovered BTC through these forks ( free advertising for BTC ) .
To know more about this issue, I invite you to read this article : https://www.coindesk.com/forks-might-help-bitcoin-reach-true-destination/

Fork can teach to bitcoin because fork have different shapes but it’s also a fact that bitcoin know how to face these fork in past bitcoin faced a lot of challenges and the way bitcoin fight against them its unbelievable bitcoin is not only the accept challenges but it also defeat forks so I think forks are good for bitcoin and I think it’s only the forks which make bitcoin more strong then ever so best of luck for the next year.

[cookerross]

I don't think forks are really necessary for bitcoins since they are only extensions. Although they might affect the price in small percentage, the bigger image still is stable even without the forks.

[cogtransgender]

Based from my experience, I don't think forks are necessary for Bitcoin since they are not even affecting the prices. Bitcoin is doing fine with or without them because they are independent.