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Author Topic: Interesting Trivia on Bitcoin fork  (Read 306 times)
@ngelcryptopia (OP)
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April 15, 2018, 04:51:44 AM
 #1

Do you know there have now been a total of 69 bitcoin forks.
Ever since Bitcoin Cash launched, there had been many forks, with the likes of Bitcoin Coral, Bitcoin Sudo, and Bitcoin Star. Most of the bitcoin forks don’t have exchange listings.
Of the 69 bitcoin forks to date, just 10 are tradable on exchanges.
1. BCH
2. BTG
3. BTX
4. BTCP
5. BCD
6. SBTC
7. BCX
8. B2X
9. BCA
10. CLAM
Bitcoin cash is the only one trading above $100 while the rest might not be worth the holders' effort to claim the forked coins.

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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April 15, 2018, 05:06:34 AM
 #2

10. CLAM

if you start including altcoins like CLAM in the list of altcoins that forked from bitcoin then the list will grow as big as nearly 700 coins since all of them forked from bitcoin one way or another. and you can even include secondary forks like the fork of forks (eg a fork that was created from LTC) then the number grows even bigger.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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April 15, 2018, 05:13:52 AM
 #3

Do you know there have now been a total of 69 bitcoin forks.
Ever since Bitcoin Cash launched, there had been many forks, with the likes of Bitcoin Coral, Bitcoin Sudo, and Bitcoin Star. Most of the bitcoin forks don’t have exchange listings.
Of the 69 bitcoin forks to date, just 10 are tradable on exchanges.
1. BCH
2. BTG
3. BTX
4. BTCP
5. BCD
6. SBTC
7. BCX
8. B2X
9. BCA
10. CLAM
Bitcoin cash is the only one trading above $100 while the rest might not be worth the holders' effort to claim the forked coins.


Really there are these much bitcoin forks? Why are there forks anyway? Isnt one bitcoin enough?
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April 15, 2018, 05:36:57 AM
 #4

Really there are these much bitcoin forks? Why are there forks anyway? Isnt one bitcoin enough?

these are altcoins and altcoins are being created every day.
the reason for it is because it is easy to create one, specially when you are forking an existing cryptocurrency which is practically copy pasting the code (which is open source and free to use) and creating your own coin.
the purpose of them is to make money! most of these have added a premine to their coin which means as soon as the new blocks on that altcoin (the forked coin) started being created the developer got his hands on a large number of his own coin which then he could dump on the market and make a large amount of money out of thin air.

Only Bitcoin
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April 15, 2018, 05:43:02 AM
 #5

And the true bitcoin is bitcoin cash. This is the truth because it follows satoshi nakamoto's plan to scale is just to increase the MB block.

But due to crypto politics that was not followed.

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April 15, 2018, 05:53:56 AM
 #6

And the true bitcoin is bitcoin cash. This is the truth because it follows satoshi nakamoto's plan to scale is just to increase the MB block.

But due to crypto politics that was not followed.


Bitcoin cash is the only fork worth mentioning lately. The politics themself in bitcoin now is probably against his vision i would guess? There are so much money in it now that the idealism have a hard time winning!

As bitcoin cash did not win the name it lost before it got started though. For the masses which we are trying to reach bitcoin is bitcoin. Bitcoin cash is one of thoose other coins there are thousands of. What i think is a shame is that pos is a much better option for the environmemt but that just wont happen for the original bitcoin. The miners will not agree to loose their income.

Also could i ask someone more experienced, with pos could you still implement that the maximum amount of coins is the same as now in 2140 or when it was we reach the limit?
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April 15, 2018, 05:54:27 AM
 #7

Bitcoin is becoming nothing but a "meme" for some developers, especially the less skilled ones. If they really did care about the network or the protocol, wouldn't they develop something that would make Bitcoin more useful?

Bitcoin cash is the only fork worth mentioning lately. The politics themself in bitcoin now is probably against his vision i would guess? There are so much money in it now that the idealism have a hard time winning!

As bitcoin cash did not win the name it lost before it got started though. For the masses which we are trying to reach bitcoin is bitcoin. Bitcoin cash is one of thoose other coins there are thousands of. What i think is a shame is that pos is a much better option for the environmemt but that just wont happen for the original bitcoin. The miners will not agree to loose their income.

Also could i ask someone more experienced, with pos could you still implement that the maximum amount of coins is the same as now in 2140 or when it was we reach the limit?

Are you saying that you support Bitcoin Cash? Your post in confusing.

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andylioe78
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April 15, 2018, 06:04:15 AM
 #8

this is altcoin made every day..their goal is to make money! most of these have added premines to their coins which means as soon as the new block on the altcoin (branched coins) begins to be made the developer gets his hands on a large number of his own coins which he can then throw them in the market. and make a lot of money out of thin air.
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April 15, 2018, 06:08:45 AM
 #9

Accidental forks happen all the time, but assuming you're talking about deliberate ones, I think that all of the publicised forks after BCH have basically been an attempt at a money grab.

Basically, they thought that if they come up with a fairly basic concept (that has actually been done before), and then make it a fork and tell Bitcoin news sites about it, newbies will take enough of an interest to pressure exchanges to list their unnecessary new fork.

Once it gathers enough momentum (sometimes artificial), exchanges feel pressured to list the fork and then, since everyone already has some, they start trading it, which makes everyone wrongly believe that it's valuable.

Fortunately, recent forks have failed to keep that cycle going because their game has become far too transparent at this point.  It doesn't matter how many new forks there are at this point if none of them get on exchanges.
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April 15, 2018, 06:16:35 AM
 #10

Bitcoin is the only fork that needs to be mentioned lately. In bitcoin may now run counter to its vision, There is so much money in it now because its idealism is hard to win.
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April 15, 2018, 06:33:10 AM
 #11

10. CLAM

if you start including altcoins like CLAM in the list of altcoins that forked from bitcoin then the list will grow as big as nearly 700 coins since all of them forked from bitcoin one way or another. and you can even include secondary forks like the fork of forks (eg a fork that was created from LTC) then the number grows even bigger.

the difference between a fork and a crapcoin is this:
crapcoins made by copy/pasting bitcoin code without any innovation restart at block 0. retaining no transactional data.
however a fork retains historic transaction/block data upto a certain date before they go in their separate direction

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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April 16, 2018, 04:59:57 AM
 #12

10. CLAM

if you start including altcoins like CLAM in the list of altcoins that forked from bitcoin then the list will grow as big as nearly 700 coins since all of them forked from bitcoin one way or another. and you can even include secondary forks like the fork of forks (eg a fork that was created from LTC) then the number grows even bigger.

the difference between a fork and a crapcoin is this:
crapcoins made by copy/pasting bitcoin code without any innovation restart at block 0. retaining no transactional data.
however a fork retains historic transaction/block data upto a certain date before they go in their separate direction

But what would you classify "forks" like Bitcoin Diamond or Bitcoin Private? Aren't they "crapcoins" as well? Plus what would you consider Bitcoin Cash? Because the Roger Ver definition would be "Bitcoin forked into Bitcoin Core and Bitcoin Cash". If that was true then what of the other forks that retained the transaction history?

   

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April 16, 2018, 05:29:49 AM
 #13

10. CLAM

if you start including altcoins like CLAM in the list of altcoins that forked from bitcoin then the list will grow as big as nearly 700 coins since all of them forked from bitcoin one way or another. and you can even include secondary forks like the fork of forks (eg a fork that was created from LTC) then the number grows even bigger.

the difference between a fork and a crapcoin is this:
crapcoins made by copy/pasting bitcoin code without any innovation restart at block 0. retaining no transactional data.
however a fork retains historic transaction/block data upto a certain date before they go in their separate direction

all you can say is that forks can create crap coins but not all crapcoins are forks Cheesy
otherwise there are a lot of exceptions to your forkcoin examples. there are forks such as "bitcoin new year" that didn't even survive long enough for people to know them. they are in fact crapcoins.

and about your last line i have to say a fork doesn't have to necessarily go in their "separate" direction. SegWit was a fork, so was P2SH fork in 2016 IIRC, and more. they didn't go their "separate" directions, they improved bitcoin by adding a new feature to it.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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April 16, 2018, 05:35:16 AM
 #14

Do you know there have now been a total of 69 bitcoin forks.
Ever since Bitcoin Cash launched, there had been many forks, with the likes of Bitcoin Coral, Bitcoin Sudo, and Bitcoin Star. Most of the bitcoin forks don’t have exchange listings.
Of the 69 bitcoin forks to date, just 10 are tradable on exchanges.
1. BCH
2. BTG
3. BTX
4. BTCP
5. BCD
6. SBTC
7. BCX
8. B2X
9. BCA
10. CLAM
Bitcoin cash is the only one trading above $100 while the rest might not be worth the holders' effort to claim the forked coins.

Well what matter how many altcoins produced from biticoin fork,still my loyalty remain to a single coin out ot that how many,for bitcoin  only,though i have some altcoin in my folio but none of them came from that fork..and another thing whats th contribution of this forks from this community?
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April 16, 2018, 05:40:08 AM
 #15

It would be interesting to put what they claim to be different from Bitcoin. Bitcoin Cash has larger blocks. BTG a different mining system.

BTCP claims it's anonymous, but I do not think it's a fork of Bitcoin, but from Zcash.
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April 16, 2018, 06:31:24 AM
 #16

Do you know there have now been a total of 69 bitcoin forks.
Ever since Bitcoin Cash launched, there had been many forks, with the likes of Bitcoin Coral, Bitcoin Sudo, and Bitcoin Star. Most of the bitcoin forks don’t have exchange listings.
Of the 69 bitcoin forks to date, just 10 are tradable on exchanges.
1. BCH
2. BTG
3. BTX
4. BTCP
5. BCD
6. SBTC
7. BCX
8. B2X
9. BCA
10. CLAM
Bitcoin cash is the only one trading above $100 while the rest might not be worth the holders' effort to claim the forked coins.
Most of those Bitcoin forked coins are not getting listed on any exchange because no one cares about them anymore, and if there is not enough demand or interest on that forked coin then what is the point of listing it on an exchange. After Bitcoin Cash was released, it gained a lot in price because there was an attempts of flippening and some people think that BCH is the solution for scaling issue that Bitcoin has. After that, there was a lot of forked coins that come up because people or developers saw that it can make money easily by just forking Bitcoin. But for me those forked coins (incluiding those tradeable coins) are trash.
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April 16, 2018, 06:35:31 AM
 #17

Bitcoin cash is the only one trading above $100 while the rest might not be worth the holders' effort to claim the forked coins.

Because it has the power of money behind. The support comes from the ones who aim to earn much more money. The manipulated miners, traders etc. They are pushing Bitcoin Cash is the real Bitcoin which is not being accepted by wide range of crypto users...
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April 16, 2018, 07:47:00 AM
 #18

10. CLAM

if you start including altcoins like CLAM in the list of altcoins that forked from bitcoin then the list will grow as big as nearly 700 coins since all of them forked from bitcoin one way or another. and you can even include secondary forks like the fork of forks (eg a fork that was created from LTC) then the number grows even bigger.

the difference between a fork and a crapcoin is this:
crapcoins made by copy/pasting bitcoin code without any innovation restart at block 0. retaining no transactional data.
however a fork retains historic transaction/block data upto a certain date before they go in their separate direction
It is a fine distinction however it could have been even more to the point if you talked about crapcoins and crapforks. Why do the fork originators keep the blockchain history? Answer: to ensure, that their worthless coin has some initial traction. If they were confident it were a good innovation, they would just create an altcoin instead!
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April 16, 2018, 07:50:37 AM
 #19

Do you know there have now been a total of 69 bitcoin forks.
Ever since Bitcoin Cash launched, there had been many forks, with the likes of Bitcoin Coral, Bitcoin Sudo, and Bitcoin Star. Most of the bitcoin forks don’t have exchange listings.
Of the 69 bitcoin forks to date, just 10 are tradable on exchanges.
1. BCH
2. BTG
3. BTX
4. BTCP
5. BCD
6. SBTC
7. BCX
8. B2X
9. BCA
10. CLAM
Bitcoin cash is the only one trading above $100 while the rest might not be worth the holders' effort to claim the forked coins.


Really there are these much bitcoin forks? Why are there forks anyway? Isnt one bitcoin enough?

This forks are made to solve some of the bitcoin issues but it seems in the end they just become useless and as you can see only few of them are of value and can be traded. Its just noticeably wondering why bitcoin cash has that greater value compared to other forked bitcoins.

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April 16, 2018, 08:04:14 AM
 #20

i advise everyone not to buy bitcoin forks . why don't they create new coins ? they just use bitcoin's influence to make money . forks is equal to imitations .

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