All these forks make bitcoin seem scammy.. they should never have been done.

[bohr]

I do agree with your statement. All these forks are not helping bitcoin in any way. Instead they are taking away few billion dollars of market cap as well as some percentage of the hash power. This forks are making the bitcoin network weak which is not at all desirable. It is just a group of greedy miners forking away with new coin. As a community we must condemn such attempts and should not support any further fork attempts.

Agree here. Greedy miners

Greedy miners are a problems but at the same time for what other reason are they going to mine bitcoin if not for their geed, in my opinion the greatest issue is that some people are taking advantage of the situation and creating a bunch of unnecessary forks, the last time I checked there were like 15 forks of bitcoin and I will not be surprised if that number went up even more.

[kier010]

one or two forks could be good but this many forks emerging is bad. they just taking the opportunity of bitcoin to make money.

[kaya11]

I do agree with your statement. All these forks are not helping bitcoin in any way. Instead they are taking away few billion dollars of market cap as well as some percentage of the hash power. This forks are making the bitcoin network weak which is not at all desirable. It is just a group of greedy miners forking away with new coin. As a community we must condemn such attempts and should not support any further fork attempts.

It's most likely impossible, who would've not wanted to have some free cash out of a coin that you already had. This kind of system is unfair right? The people that are working less are earning more, rich people getting more richer.

[Anti-Cen]

"they should never have been done"

Well many of these forks have come about because the old development team only have ears for the
bankers these days and are only concerned with profit for miners.

2/3 of the core code is about mining and not keeping the network stable and the joke is we didn't need
the CPU wars this created and we don't even need mining and this PoW bullshit.

Unless us developers are working for Microsoft or Apple then we don't write tight unproductive loops in
our code to waste CPU power and electrical energy and if you look at IOTA, Ripple or the more advanced
HashGraph money network then you will see that they can live without it also.

Don't fall for this new religion and don't stay behind with the vicar because I've been hearing a few
stories about him you know, shocking it is.

[Bukx]

Seriously we had Bitcoin Cash, Bitcoin Gold, though some argue that one's a scam, and now Bitcoin Diamond all within a 6 month time period? In 5 years how many forks will there be? They should never have forked the coin at all, not even once. They should have created another coin with a different name from scratch. Forking constantly makes the whole thing seem like a big scam from an outsider's perspective.

Forking will lead to another coin eventually taking bitcoin's place in my opinion, though hopefully people don't see that hey, anyone can create any coin they want at any time, so why should I buy this particular coin? There's 15 bitcoin forks here in 2019... what the hell is going on?  I like that I can store money without having to worry about unconstitutional civil asset forfeiture, but it seems like the way things are going the blatant greed is showing through.  Just another way for people to create a coin they can dump and make their millions, which is fine.. I like making money too, I just hope this short term focus on gain doesn't harm people's perception of bitcoin as a whole.  In any case as long as the money is there, people should flock in. 500 billion dollars from a global economic perspective is still peanuts. We could have 2 trillion in combined market cap and it's still peanuts to the global economy.

You are correct, but at the end that is not bitcoin fault, the only fork that I consider a legitimate fork is bitcoin cash and even that fork has many things I do not like all the other forks are not really anything new and you should not be concerned about it, you are right that makes bitcoin look bad and scammy but the ones not changing the name of their forks are the ones doing the fork and we cannot force them to change the name of their forks.

I think name or other thing not really important. That important is all coming from bitcoin fork and that make bitcoin not decentralized in developer side. Why? Developer just want to make money with new bitcoin. Like ponzi scheme.

[bohr]

Seriously we had Bitcoin Cash, Bitcoin Gold, though some argue that one's a scam, and now Bitcoin Diamond all within a 6 month time period? In 5 years how many forks will there be? They should never have forked the coin at all, not even once. They should have created another coin with a different name from scratch. Forking constantly makes the whole thing seem like a big scam from an outsider's perspective.

Forking will lead to another coin eventually taking bitcoin's place in my opinion, though hopefully people don't see that hey, anyone can create any coin they want at any time, so why should I buy this particular coin? There's 15 bitcoin forks here in 2019... what the hell is going on?  I like that I can store money without having to worry about unconstitutional civil asset forfeiture, but it seems like the way things are going the blatant greed is showing through.  Just another way for people to create a coin they can dump and make their millions, which is fine.. I like making money too, I just hope this short term focus on gain doesn't harm people's perception of bitcoin as a whole.  In any case as long as the money is there, people should flock in. 500 billion dollars from a global economic perspective is still peanuts. We could have 2 trillion in combined market cap and it's still peanuts to the global economy.

You are correct, but at the end that is not bitcoin fault, the only fork that I consider a legitimate fork is bitcoin cash and even that fork has many things I do not like all the other forks are not really anything new and you should not be concerned about it, you are right that makes bitcoin look bad and scammy but the ones not changing the name of their forks are the ones doing the fork and we cannot force them to change the name of their forks.

I think name or other thing not really important. That important is all coming from bitcoin fork and that make bitcoin not decentralized in developer side. Why? Developer just want to make money with new bitcoin. Like ponzi scheme.

The fact the forks of bitcoin are not taking bitcoin out of their name is important, most brands do everything to increase their recognition among the population, what it is going to happen when we begin to have massive adoption and then we begin to see people complaining they bought another coin that had bitcoin in their name but that is not the original coin and then they lose money, so you are mistaken the issue of the name is important.

[btcblockchain]

Forks don't need bitcoin name some greedy miner are forking for their personal benefits but bitcoin won't get efforted traders released it is fork drama and game

[sopromat]

I do not understand why there are two new forks every week, yes, it might be profitable for all those who have a large amount of bitcoins since they can make +100$ from each bitcoin that they claim in form of a fork, but for the rest, it is crap, and it makes it look like just a money-grabbing opportunity.

[fmasta]

Do not confuse bitcoin forks and its forks. Forks are almost new altkoins, which only have the name associated with bitcoin. They do not affect the price of bitcoin for the worse. I think you should read more about this on the Internet.

[btcgreen63]

In the world of open source software, forks are the norm, not the exception. It's funny to see people upset that their decentralized, non-controlled coin is decentralized and not controlled.

Forks can't be stopped. Any single developer can create one. The market will decide.

[Aveatrex]

Seriously we had Bitcoin Cash, Bitcoin Gold, though some argue that one's a scam, and now Bitcoin Diamond all within a 6 month time period? In 5 years how many forks will there be? They should never have forked the coin at all, not even once. They should have created another coin with a different name from scratch. Forking constantly makes the whole thing seem like a big scam from an outsider's perspective.

Forking will lead to another coin eventually taking bitcoin's place in my opinion, though hopefully people don't see that hey, anyone can create any coin they want at any time, so why should I buy this particular coin? There's 15 bitcoin forks here in 2019... what the hell is going on?  I like that I can store money without having to worry about unconstitutional civil asset forfeiture, but it seems like the way things are going the blatant greed is showing through.  Just another way for people to create a coin they can dump and make their millions, which is fine.. I like making money too, I just hope this short term focus on gain doesn't harm people's perception of bitcoin as a whole.  In any case as long as the money is there, people should flock in. 500 billion dollars from a global economic perspective is still peanuts. We could have 2 trillion in combined market cap and it's still peanuts to the global economy.

Bitcoin can't improve without forks.
In other words to update Bitcoin and solve the problems he encounters there should be necessarily a fork (Soft fork or Hard fork)
For the hard fork part new coins appear and you are right when you said that these forked coins only add competition to bitcoin (Bitcoin cash as in example)
But as I said before forks has advantages and without it Bitcoin won't have new features and problems fix.

[zhekinsp]

Do not confuse bitcoin forks and its forks. Forks are almost new altkoins, which only have the name associated with bitcoin. They do not affect the price of bitcoin for the worse. I think you should read more about this on the Internet.

Maybe you have to read about the crypto currencies well,if there are lot of coin will come then the demand of bitcoin will be shattered with all the other forked coins then it will leads to decrease in price.These altcoins are coming with the name prefixed bitcoin so it can confuse the new investors.So it is beeter to create coins with other names than bitcoin.
But I personally think all the forked coins are useless and it doesn't bring any changes to the world but some of the investeors are attracted to the hype but ended up with the losses.

[Yakamoto]

<snip>

I know I'm late to the thread and responding to an OP which probably already has had his answer, but you're right in the sense that the greed is showing and the constant forking is not of benefit to the market or the image the community has for everyone else. The short-term impacts of the forks likely won't change the future for Bitcoin, but you never know. I don't think anyone even realizes that there are these various altcoins that exist, I know that I don't care about them and most people I have talked to don't even know about anything but the things that are on the surface like ETH and XRP when it comes to cryptos.

As for the first paragraph, it might make it look like a scam but a majority of people, as I just said, don't even know they exist. When they actually enter the community it just requires a question or two and more than enough people can show up and tell them that the forks are copies other people made and don't impact Bitcoin but exist nonetheless. It's all a game of getting people to ask the right questions and answering them properly and in a way they can understand so that we can avoid the issues that you're talking about.

[Youghoor]

Yeah you are right, not sure what good has forking done to bitcoin. In fact it did the opposite and made it look bad.

You did the opposite? What do you mean with that?

Bitcoin is such a nice project, and it will always be, i am sure that a lot of us have changed a lot since we introduced ourselves in here.

And yes, all those forks make it look bitcoin like a super rich fast scheme for the founders only, they create a forked coin from nothing, just spending a few bucks on a coder, and whuala! now they have a lot of money because of that.