[ANN] SATO - Satoshi coin

[Bobby_VI]

Guys, this project is not a hard fork?

Hello,
I think this is not a hard fork, at least from the technical side

what then means a "hard fork"

In simple terms: A hard fork is when a single cryptocurrency splits in two

Is SATO-project not suitable for this definition?

[1715660358]

1715660358

[1715660358]

1715660358

[1715660358]

1715660358

[1715660358]

1715660358

[Sergik95]

Guys, this project is not a hard fork?

Hello,
I think this is not a hard fork, at least from the technical side

what then means a "hard fork"

In simple terms: A hard fork is when a single cryptocurrency splits in two

Is SATO-project not suitable for this definition?

No, it's different.
I need time to give you the correct answer
Sorry.

[Bobby_VI]

Guys, this project is not a hard fork?

Hello,
I think this is not a hard fork, at least from the technical side

what then means a "hard fork"

In simple terms: A hard fork is when a single cryptocurrency splits in two

Is SATO-project not suitable for this definition?

No, it's different.
I need time to give you the correct answer
Sorry.

no problem.
If you give a good answer, I'm ready to wait

[Sergik95]

no problem.
If you give a good answer, I'm ready to wait

It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version. Meanwhile, a soft fork is essentially the same thing, but the idea is that only one blockchain (and thus one coin) will remain valid as users adopt the update. So both fork types create a split, but a hard fork is meant to create two blockchain/coins, and a soft fork is meant to result in one.

[Bobby_VI]

no problem.
If you give a good answer, I'm ready to wait

It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version. Meanwhile, a soft fork is essentially the same thing, but the idea is that only one blockchain (and thus one coin) will remain valid as users adopt the update. So both fork types create a split, but a hard fork is meant to create two blockchain/coins, and a soft fork is meant to result in one.

Do you want to say that the SATO coin is a completely different code?

[Sergik95]

no problem.
If you give a good answer, I'm ready to wait

It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version. Meanwhile, a soft fork is essentially the same thing, but the idea is that only one blockchain (and thus one coin) will remain valid as users adopt the update. So both fork types create a split, but a hard fork is meant to create two blockchain/coins, and a soft fork is meant to result in one.

Do you want to say that the SATO coin is a completely different code?

yes you are right, this is a new code that technically has nothing to do with the bitcoin code

[Pairianita]

Guys, you have an interesting discussion.
And I have question too.
Can anyone fork a coin?

[Wellisoyen]

Guys, you have an interesting discussion.
And I have question too.
Can anyone fork a coin?

Anyone can go to GitHub, grab the code of a coin (for example Bitcoin), and then do the development work needed to update the software. However, not anyone can get enough miners to mine the new coin, enough users to update their software or download wallets for the coin, and/or enough exchanges to list it.

[Tieluabrockrabh]

I think it just wants to help the team to know how big the community cares about this project, it does not matter, the most important is when this idea succeeds the community also can keep this idea stay favored

[Wellisoyen]

Guys, you have an interesting discussion.
And I have question too.
Can anyone fork a coin?

Anyone can go to GitHub, grab the code of a coin (for example Bitcoin), and then do the development work needed to update the software. However, not anyone can get enough miners to mine the new coin, enough users to update their software or download wallets for the coin, and/or enough exchanges to list it.

is it possible, but difficult.

[Pairianita]

Guys, you have an interesting discussion.
And I have question too.
Can anyone fork a coin?

Anyone can go to GitHub, grab the code of a coin (for example Bitcoin), and then do the development work needed to update the software. However, not anyone can get enough miners to mine the new coin, enough users to update their software or download wallets for the coin, and/or enough exchanges to list it.

lot of barriers in-practice?

[Wellisoyen]

Guys, you have an interesting discussion.
And I have question too.
Can anyone fork a coin?

Anyone can go to GitHub, grab the code of a coin (for example Bitcoin), and then do the development work needed to update the software. However, not anyone can get enough miners to mine the new coin, enough users to update their software or download wallets for the coin, and/or enough exchanges to list it.

lot of barriers in-practice?

yes, anyone can fork a coin in-theory… but there are a lot of barriers in-practice.” There have been very few successful forked coins in the history of cryptocurrency. In practice, forks of all sorts require some form of consensus building to be effective. Even ones that are effective tend to have a lower valuation than the original coin. One of the only exceptions I can think of is Ether vs. Ethereum classic (where Ether, the hard fork, has a higher valuation and more users / miners).

[Pairianita]

Guys, you have an interesting discussion.
And I have question too.
Can anyone fork a coin?

Anyone can go to GitHub, grab the code of a coin (for example Bitcoin), and then do the development work needed to update the software. However, not anyone can get enough miners to mine the new coin, enough users to update their software or download wallets for the coin, and/or enough exchanges to list it.

lot of barriers in-practice?

yes, anyone can fork a coin in-theory… but there are a lot of barriers in-practice.” There have been very few successful forked coins in the history of cryptocurrency. In practice, forks of all sorts require some form of consensus building to be effective. Even ones that are effective tend to have a lower valuation than the original coin. One of the only exceptions I can think of is Ether vs. Ethereum classic (where Ether, the hard fork, has a higher valuation and more users / miners).

So we will not get free coins?((

[Sergik95]

Guys, you have an interesting discussion.
And I have question too.
Can anyone fork a coin?

Anyone can go to GitHub, grab the code of a coin (for example Bitcoin), and then do the development work needed to update the software. However, not anyone can get enough miners to mine the new coin, enough users to update their software or download wallets for the coin, and/or enough exchanges to list it.

lot of barriers in-practice?

yes, anyone can fork a coin in-theory… but there are a lot of barriers in-practice.” There have been very few successful forked coins in the history of cryptocurrency. In practice, forks of all sorts require some form of consensus building to be effective. Even ones that are effective tend to have a lower valuation than the original coin. One of the only exceptions I can think of is Ether vs. Ethereum classic (where Ether, the hard fork, has a higher valuation and more users / miners).

So we will not get free coins?((

Not every fork will result in owners of a cryptocurrency getting “free coins,” however when a legit hard fork occurs that creates a new cryptocurrency, this is the case.

[Wellisoyen]

Guys, you have an interesting discussion.
And I have question too.
Can anyone fork a coin?

Anyone can go to GitHub, grab the code of a coin (for example Bitcoin), and then do the development work needed to update the software. However, not anyone can get enough miners to mine the new coin, enough users to update their software or download wallets for the coin, and/or enough exchanges to list it.

lot of barriers in-practice?

yes, anyone can fork a coin in-theory… but there are a lot of barriers in-practice.” There have been very few successful forked coins in the history of cryptocurrency. In practice, forks of all sorts require some form of consensus building to be effective. Even ones that are effective tend to have a lower valuation than the original coin. One of the only exceptions I can think of is Ether vs. Ethereum classic (where Ether, the hard fork, has a higher valuation and more users / miners).

So we will not get free coins?((

For example, Bitcoin holders received one “free” BCH (Bitcoin Cash) for each BTC (Bitcoin) they owned. That is obviously an absurdly good deal (although one risks the original asset’s price dropping in “split” events like this).

[Pairianita]

Guys, you have an interesting discussion.
And I have question too.
Can anyone fork a coin?

Anyone can go to GitHub, grab the code of a coin (for example Bitcoin), and then do the development work needed to update the software. However, not anyone can get enough miners to mine the new coin, enough users to update their software or download wallets for the coin, and/or enough exchanges to list it.

lot of barriers in-practice?

yes, anyone can fork a coin in-theory… but there are a lot of barriers in-practice.” There have been very few successful forked coins in the history of cryptocurrency. In practice, forks of all sorts require some form of consensus building to be effective. Even ones that are effective tend to have a lower valuation than the original coin. One of the only exceptions I can think of is Ether vs. Ethereum classic (where Ether, the hard fork, has a higher valuation and more users / miners).

So we will not get free coins?((

For example, Bitcoin holders received one “free” BCH (Bitcoin Cash) for each BTC (Bitcoin) they owned. That is obviously an absurdly good deal (although one risks the original asset’s price dropping in “split” events like this).

it can be concluded that this can be done technically, but whether it is reasonable is  another question

[Wellisoyen]

Guys, you have an interesting discussion.
And I have question too.
Can anyone fork a coin?

Anyone can go to GitHub, grab the code of a coin (for example Bitcoin), and then do the development work needed to update the software. However, not anyone can get enough miners to mine the new coin, enough users to update their software or download wallets for the coin, and/or enough exchanges to list it.

lot of barriers in-practice?

yes, anyone can fork a coin in-theory… but there are a lot of barriers in-practice.” There have been very few successful forked coins in the history of cryptocurrency. In practice, forks of all sorts require some form of consensus building to be effective. Even ones that are effective tend to have a lower valuation than the original coin. One of the only exceptions I can think of is Ether vs. Ethereum classic (where Ether, the hard fork, has a higher valuation and more users / miners).

So we will not get free coins?((

For example, Bitcoin holders received one “free” BCH (Bitcoin Cash) for each BTC (Bitcoin) they owned. That is obviously an absurdly good deal (although one risks the original asset’s price dropping in “split” events like this).

it can be concluded that this can be done technically, but whether it is reasonable is  another question

Technically one can create a new version of a coin and choose another distribution method, for example, they can do an airdrop or sell the new coin on the open market.

[Pairianita]

Guys, you have an interesting discussion.
And I have question too.
Can anyone fork a coin?

Anyone can go to GitHub, grab the code of a coin (for example Bitcoin), and then do the development work needed to update the software. However, not anyone can get enough miners to mine the new coin, enough users to update their software or download wallets for the coin, and/or enough exchanges to list it.

lot of barriers in-practice?

yes, anyone can fork a coin in-theory… but there are a lot of barriers in-practice.” There have been very few successful forked coins in the history of cryptocurrency. In practice, forks of all sorts require some form of consensus building to be effective. Even ones that are effective tend to have a lower valuation than the original coin. One of the only exceptions I can think of is Ether vs. Ethereum classic (where Ether, the hard fork, has a higher valuation and more users / miners).

So we will not get free coins?((

For example, Bitcoin holders received one “free” BCH (Bitcoin Cash) for each BTC (Bitcoin) they owned. That is obviously an absurdly good deal (although one risks the original asset’s price dropping in “split” events like this).

it can be concluded that this can be done technically, but whether it is reasonable is  another question

Technically one can create a new version of a coin and choose another distribution method, for example, they can do an airdrop or sell the new coin on the open market.

Thank you, it seems we solved this issue

[Sergik95]

I like to follow this topic.
There is a lot of useful information

[isildur777]

Hi,
I have not been here for a long time.
I see here are discussing serious questions.
Maybe I could help you with something