Is crypto politcs bad for the Blockchain industry?

[target]

Why did these two have some supporters? First Ver split the community and then he splits his own community. I wouldn't wonder if he will once again split til all are split in half, I guess this is how they divide and conquer Bitcoin in the end. Poor judgement always affect everyone in the circle.

But then of course even if he reads all the comments here, they wouldn't mind because money in their pockets blinded them already.

[Freddy63]

It is extremely bad for project! Look, this politics caused to dump. Futhermore I will never buy neither bch abc nor bchsv.
So it affects bad for crypto currency industry in general.

[AlekseyCrypto]

I think that this is a big and very confusing game, which in the end will be very beneficial to the creators of these currencies.

[el_lobo]

I think all this controversy in the crypto area is not good.
The communities break apart and weaken themselves.
Moreover, all these forks are very confusing for people who do not have much to do with crypto.

[elenka n]

They may not be harmful, but they do not bring benefits either, they are only interested in benefits!

[Bharathi13]

Most of the time in political war common peoples gets suffered & in this crypto political war between Craig wright & roger ver took the price of BTC from 7000$ to 3200$. Because of this political war small investors got hurt & the whales accumulated more BTC & top altcoins on their portfolio.

[Nivelir]

Cryptocurrency policy in any case will have serious opportunities, because by and large everything in it is turned into anarchism. That is, everything is actually very interesting and smarter than we think.

[Ucheman]

I do not think that crypto politics is bad for the e blockchain, we are coming to realise now that the Governments all over the would has seen blockchain and know the potential even though many are not acknowledgjng it because if Cryptocurrencies but the advanced ones are already looking for ways to tap into the Blockchain revolution, others would soon follow suit.

[upsidedown75]

Depends on the politics. If you look at the ethereum classic and ethereum parts you will see that it was a good fork for ethereum which increased the price of it by a lot and helped the crypto space with all the new features they brought into their blockchain as well, all the tokens and ICO's and collectibles and many other stuff on the ethereum blockchain today owes a big thank you to that fork and the team behind it.

Still, like the OP suggests the bitcoin cash war didn't helped anyone and hurt the economy too badly that we still couldn't recover from. Which means politics just like in real life could affect crypto space in a good manner or bad manner, it doesn't mean it will have just bad or just good results, it all depends on the politics and how it is implemented.

[cryptogeek101]

Considering how several Bitcoin forks have turned to politics by defending their own visions about the future of Bitcoin as a cryptocurrency, several events have unfolded within crypto land. One of those events is BCH's Hash War back in Nov 2018, which has caused a disaster across the whole crypto market due to loss of investor confidence. Due to crypto politics, there has been a clash between several factions looking to guide Bitcoin in their own way.

The Bitcoin SV project believes to follow the original Bitcoin whitepaper, while Bitcoin Cash believes to be the original Bitcoin itself. Both sides have been defending their views, with their respective leaders (such as Roger on the BCH side and Craig on the SV side).

As such, it makes me wonder whenever crypto politics is bad for the growth or reputation of the Blockchain industry? What are your thoughts?

I think crypto politics is not necessary at this early stage of the blockchain technology development,what the crypto community needs now is maximum cooperation,politics would  always divide us

[Abiky]

It is extremely bad for project! Look, this politics caused to dump. Futhermore I will never buy neither bch abc nor bchsv.
So it affects bad for crypto currency industry in general.

Exactly. The effects of crypto politics have done more harm than any good. Separatists of a specific blockchain, would do whatever they can to ruin the image or reputation of the original blockchain. Bitcoin Cash started well with many people supporting it. However, after the hard fork, the perception has changed due to the incompetence of devs and leaders from both factions (BCH and SV) trying to usurp power over the original BCH blockchain. Now, we have two completely different chains with nearly the same vision from one another.

As such, both BCH (ABC) and BSV aim to scale in the same manner by increasing their block sizes. Of course, BSV may have activated some OPCODES that were disabled in BCH, but it doesn't make it much different from the original chain except for a few minor tweaks. Real innovations and development are what makes a cryptocurrency unique from others. So far, Bitcoin SV hasn't implemented something impressive that's not available on other coins. On the other hand, Bitcoin Cash aims to adopt Avalanche consensus, but its current state is like many altcoins we know and love today.

Instead of the Hash War taking place back in Nov 15th, 2018 both sides (Craig and Roger) would've come together in an agreement to preserve the image/reputation of the BCH blockchain. But due to political and economic interests, that didn't happen making many people lose hope in crypto. Even if Bitcoin (BTC) didn't had anything to do with this, it was surely affected in price, probably because BCH carries the Bitcoin branding/name making people believe that they're the same thing.

Nonetheless, I hope that the events occurred on November will be a lesson to many when considering splitting from an original chain. Just my thoughts

[TomiJerry]

In any case, politics and money are inseparable concepts. And, unfortunately, the larger the capitalization in cryptography, the more powerful are the mechanisms with manipulations in which crypto-politicians take an active part

[Abiky]

In any case, politics and money are inseparable concepts. And, unfortunately, the larger the capitalization in cryptography, the more powerful are the mechanisms with manipulations in which crypto-politicians take an active part

Yes. That's the reality with politics. There's corruption and manipulation, with no good results in the long term. What has been seen with several Bitcoin forks lately, is that they have formed political agendas in order to make more money and not benefit the whole Blockchain ecosystem. This has been the case with both Bitcoin Cash and Bitcoin SV. Instead of fighting each other claiming the title of the "Original Bitcoin", they should work together to make the Blockchain industry a better place.

The immaturity of both sides has caused a large downtrend in market prices for most cryptocurrencies. It's been nothing but a stunt in order to make more money in the long run. It shows us that greed goes on top of everything in crypto land. Many Bitcoin forks have emerged with the same purpose, without delivering true usability for the mainstream world.

Which is why, I believe that crypto politics is extremely bad for the Blockchain industry. After all, Satoshi intended for Bitcoin to remain free from middleman or third-parties. The huge manipulation by Roger Ver and Craig Wright shows us otherwise. Despite this, it's hoped that in the future, everything would turn out to become decentralized and free from human intervention. Just my opinion

[rosezionjohn]

As long as projects are handled by a team of developers and not just one, expect some disputes, that will eventually lead to splits, to happen. I do not think it is particularly that bad. Investors tend to always move on and don't get stuck to a particular issue.

[bonker]

Actually blockchain technology having life since the invention of crypto currencies.I don't think it is completely bad because crypto currencies got lot of attention in this world because of this politics so it actually making the cryptos recognized but maybe in the negative way.But still it can reach more poeple so people understand the cryptos will help to accept on more rate.

[bartolo]

The problem I see here is not the forks themselves, everyone can propose his own ideas and projects and let people decide, the problem is the way they promote their projects. They don't talk about the good they can do but, instead of that, they attack other projects or even bitcoin. If you are not into crypto and you look at this from outside you don't see smart people proposing ideas but an egomaniacs war where everyone spreads dirt in every direction. If you see this from outside you will turn back and run away.

[Mmesooma1]

Control and power over the market yields struggles from opposing voices. Cryptocurency would do a lot better without political effects on it but then it's impossible to have a crypto without politics because a billions of dollars is involved

[Dellosoft]

Nice post I must say. Crypto politics is really very bad for crypto space. I remember vividly the downsides of the hash wars of last year, it wasn't funny. Thanks for this post, I'll also like to see other views of other crypto enthusiasts. 

[Wellyan]

all these bitcoin forks were certainly not the best thing that could happen, but if bitcoin survives, it will certainly make him stronger. fortunately, the wave of useless forks seems to be over, and bitcoin is still there best.

the main capital in crypto currency investments is the belief that bad and negative news developments and anything that creates crypto currencies will not panic investors with falling prices or value

[jacafbiz]

I think what people are calling politics is people having different opinions and views on issue, if well managed with sincerity it is very good, but if it is done just to show ego, it will not end well. I am not calling BCash fork a failure yet but with the look of things it could end bad for those side because it was much on ego and not on how to make the project better