Why no forks these days?

[Lanatsa]

Like what we're having every season, those forks were also a trend and hype. Until everyone has seen and recognized that the developers were making it as a quick source of money, they were not tolerated by the community.

And so, the hype and trend from the forks have died and became forgotten because the proliferation of scams have also been there.

IIRC, we almost got a lot of those names fork after fork and almost named after Bitcoin and the universe.

I can also say up such thing too on which if there's something which is new and becomes hype and gain up that interest then it would be creating a series of those events. Just like into those times on where Bitcoin forks are still that making up some noise then here comes those other fork events like do also happened on ETH having that ETC and other those altcoins too. Now that we've seen those forked coins are kissing into the floor when it regards into its price then I do agree into those earlier post that people would be just that simply trying out to get rid of those coins for fast profits and also when it comes into those kind of changes into those main coin that they are forking on but still it ends up on being considered and recognized rather than into those forked coins which do solve out those main problems of that coin they are forking into.
We dont need anymore of these altcoins that keeps on flooding in the market and just like been said that if the hype or trend dies down then expect that there's that coming next into it.

Most of the time on which things turned out that it is that driven with hype and it would be that understandable that whenever it dies down then it would be that a starting up for a new one but so far we've been not able to see something when it comes to trend but of course it would be never known on what comes next. The question is that on how you would be dealing up with things accordingly at the time that you would be able to meet up something that you havent been able to encounter before.? Each trend then it would be that different and it if you wont be that careful then you will be that susceptible into those bad decisions on which it would be that leading up into disaster. Always be considerate into the actions that you are taking because if you wont be that wary and sensible then you are prone into those bad decisions.

[Ivystar5]

Let's say that everyone has learnt their lessons from the old guys who trusted Bitcoin Cash and at the end they realise that bitock  has no copy and no matter how promising it may look there is absolutely no need to risk some few cents into it because at the end it's a regret kind of thing and, so right now we don't have folks because even you told will not let yourself fall victim of it anymore.

People have become smarter and wiser knowing bitcoin to be it's original a d will never have a copy like it, whether BSV, BCH etc.

[AmoreJaz]

The forks were scam attempts, like art NFTs were, meme are, ordinals, runes and so forth. The creators of these things are the scammers that try to trick the general public out of their money and it often works, otherwise nobody would do it. However, the same scam method can't work forever. They have to keep adapting or the casual people finally start learning. By wrapping the same scam in a different paper each time, you can fool a lot of people into getting scammed again.

People are not so dumb anymore in jumping on these bandwagons. Forks are like creating imitations from the original. And as we have seen, btc for example stayed to be the go-to in crypto not those forked coins, in which most of them are forgotten already. So they are just wasting their resources if they will create one. And people are learning their lessons from these forked coins. It may have had attracted interest before because every fork that we had, it really created some frenzy among crypto enthusiasts.

But now, that interest is gone because we have seen over and over, that the price declined after quite some time. When no one is talking anymore about that forked coin. We rarely even hear anymore about bitcoin cash, though they still have market value for now. Even Bitcoin Satoshi Vision - where it is now? Though they are still fetching some value - BSV is currently at $30, but still, I haven't read that much anymore about these forked coins in the crypto news. Also, just remember Bitcoin Gold - hardly mentioned these days.

[Zoomic]

Because these things are short lived "mania" that work based on hype. Back in 2017 newbies were pouring into bitcoin at a faster rate than normal and they were being fooled easier to purchase useless garbage like the copycoins such as bcash. Obviously such things that have no utility (since they are just poor copies of a real project) can not survive the long run. When the newbies who had bought them, start losing money as these things get dumped or worse when they die, they gain a valuable experience to not trust these things anymore. That means any new copycoin can attract a decreasing number of "victims" therefore the mania dies off.

If you check the price (an indication of the success of such scams) of these copycoins, you can see that the first one BCH was more successful than the subsequent ones (Bgold, Bsilver, Bclassic, Bcore, BDiamond, ...) which have shorter moment in the sun...

So it is correct to say that we now have wiser newbies who won't fall for the scam copy coins - pooya87

I also think that another reason is that the cost of creating a random shitcoins is lesser compared to the cost of forking bitcoin.

[d5000]

When you read old threads, you will hear of many soft forks [...]

Actually you're not correct about soft forks. Soft forks are now an "established" way to upgrade Bitcoin, and we will probably see several soft forks, one each couple of years.

The last soft fork was Taproot in 2021, and yes that's already some time ago but was after 2018. There was not much controversy around this SF so there was no "Bitcoin-NoTapRoot" hard fork or so, at least none I'm aware of.

Several soft forks are actually planned, the most important one in the near future would be one einabling covenants (enhancing technologies like Ark, sidechains, BitVM and even Lightning a lot) but there is still no consensus among developers which exact covenant technology to implement (OP_CAT - BIP 347, OP_CTV - BIP 119, and OP_CHECKSIGFROMSTACK - BIP 348 are probably the most well known ones).

[roemer]

I have a feeling it was 1 guy who forked a bunch of altcoins , put them on the exchanges, made a ton of money and then got out.

[goldkingcoiner]

Bitcoin cash and all other altcoins you mentioned are just some useless coins. The hash rate of Bitcoin cash (which has been the most successful fork of bitcoin) is only 0.4% of hash rate of bitcoin.
We don't need any more shitcoins and if there's any other fork of bitcoin like bch, bsv, etc. most of the people will probably sell them just to get rid of them.

Exactly. People look at these useless coins that almost nobody wants or uses and decide against making new forks. What would be the point of adding yet another clone that nobody is going to adopt over the real thing?

Most people are completely bad innovators. They just copy paste something that works and hope for profit.

Real innovation, such like that of Satoshi Nakamoto is extremely rare. And it is not going to come from some copy/paste project.

[OgNasty]

Forks have a lot of problems and when BCH and BSV were young their networks were getting intertwined and causing users a lot of issues. It led to coins being moved on the wrong chains and software needing massive changes.

People seem to have found easier ways to pay Bitcoin holders dividends. See the Glacier Airdrop.

[pooya87]

So it is correct to say that we now have wiser newbies who won't fall for the scam copy coins - pooya87

In a way that's true. People have already gained experience by watching what happened to these types of copycoins. But considering how the adoption is growing, we always have newcomers who don't have that experience. So we can say that the community as a whole doesn't fall for such scams as easily as before.

I also think that another reason is that the cost of creating a random shitcoins is lesser compared to the cost of forking bitcoin.

It is. But it is even cheaper and a lot less work for them to create a token on one of these token creation platforms calling it ICO, DeFi, NFT or whatever else and make similar amount of money by scamming people.

[bhadz]

I have a feeling it was 1 guy who forked a bunch of altcoins , put them on the exchanges, made a ton of money and then got out.

We know that guy and he's also from the forum. And then followed by CSW and both of them fighting that either of their forks were the real Bitcoin. But none of them who's saying the truth. Because Bitcoin is the real Bitcoin and none of their forks are the real one. Although it's no doubt that both of them have made a lot of money because they just forked it and made money out of thin air while keeping the real BTCs that they have been holding.

[pawanjain]

When you read old threads, you will hear of many soft forks and including a few hard forks that gave birth to Bitcoin Cash , Bitcoin gold, Bitcoin SV. The last one should be BSV in 2018.
What happened differently  that there are no threats or signs of forking?

You are right. I wish there were more forks and the only reason I want more forks is so that I can sell those forked shitcoins to buy more bitcoin. 
We already have thousands of shitcoins so adding few more to it won't make any difference because bitcoin will still stay on the top.
Those forked coins will just allows us to increase our bitcoin stash which is a good thing in my opinion 

[FortuneFollower]

When you read old threads, you will hear of many soft forks and including a few hard forks that gave birth to Bitcoin Cash , Bitcoin gold, Bitcoin SV. The last one should be BSV in 2018.
What happened differently  that there are no threats or signs of forking?

You are right. I wish there were more forks and the only reason I want more forks is so that I can sell those forked shitcoins to buy more bitcoin. 
We already have thousands of shitcoins so adding few more to it won't make any difference because bitcoin will still stay on the top.
Those forked coins will just allows us to increase our bitcoin stash which is a good thing in my opinion 

Better to keep the liquidity going to the right places, imo, because as you said, forks will probably won't live for too long to even become so much so as relevant..

[AVE5]

But what if someone comes again and forks Bitcoin just like Bitcoin Cash and makes hype or claims they they are Satoshi Nakamoto  

I'm sure the blockchain decentralization authorizes anyone to come up with any Dev in the horizon of cryptograph just like some others which had been mimicking bitcoin with their Dev tech network trying to fork on the bitcoin blockchain. Who even thought bitcoin cash and the rest boomed in the past was going to exit so soon before these days as no one is interested of it anymore. So if by any means a folk tend to develop one of a forking bitcoin derivative coins, I'm sure it'll crash from the bottom faster than we might even think. Bitcoin is okay and Satoshi never had diversed his codebase to create other coins so, every other ones in the surrounding is driven by hype just like every other dumped shitcoins out there.
So further development of the bitcoin forks will be waste of developers resources. Like hosemary may say, we don't need them with their very poor low has rates and when they can't be independent, we don't need to trust them due to their potential vulnerabilities.

[X-ray]

People are not so dumb anymore in jumping on these bandwagons. Forks are like creating imitations from the or8ginal. And as we have seen, btc for example stayed to be the go-to in crypto not those forked coins, in which most of them are forgotten already. So they are just wasting their resources if they will create one.

That is true and people are also distracted with altcoins already.

No more attention to be put into these forks.I assumed that people already accept current bitcoin as it is, knowing that fork will just be a waste of time that they don't even bother.

Most of forks has been so unpopular recently and nobody seem to care.

[OcTradism]

That is true and people are also distracted with altcoins already.

No more attention to be put into these forks.I assumed that people already accept current bitcoin as it is, knowing that fork will just be a waste of time that they don't even bother.

Most of forks has been so unpopular recently and nobody seem to care.

They can see risk of altcoins but will more likely see no risks with Bitcoin forks. Scammers can take advantage of technical upgrade and no complete consensus in Bitcoin community to create Bitcoin forks and polish those forks with many good words, future predictions so that they convince many naive people believe that those forks are Bitcoin.

This happened in the past in 2017 with Bitcoin Segwit and will appear again in the future. Experienced people in this market can know how Bitcoin forks are scam but some will fall to scam forks again while newbies will have very high chance of falling to forks and lose money.

[Zoomic]

When you read old threads, you will hear of many soft forks [...]

Actually you're not correct about soft forks. Soft forks are now an "established" way to upgrade Bitcoin, and we will probably see several soft forks, one each couple of years.

You are right, but there could also be a situation where consensus is not reached in the network and there will be disagreement within leading to a soft fork. Am I correct?

[tbct_mt2]

You are right, but there could also be a situation where consensus is not reached in the network and there will be disagreement within leading to a soft fork. Am I correct?

There will be time with chance for scammers to abuse fork terms and make their scam forks and shitcoins. With scammers, they don't mind of hard forks or soft forks as they only see them as great opportunities to run their scams and aim at stealing bitcoins from Bitcoin holders who disbelieve in Bitcoin during chaotic times and by any reason believe that scam coins are Bitcoin blockchains with original vision of Satoshi Nakamoto.

Hard forks or soft forks, scammers don't care and people who naively believe in fork coins even don't care about it too.

[gmaxwell]

'Forks' briefly became popular because people thought they found a way to create an altcoin and force exchanges to list it without paying the otherwise required bribes.

Then in the US we had Archer v Coinbase, which established that exchanges not only don't have to list forks they're free to just pocket the forkcoins for themselves if they want.

So with that not only was the main driver for 'forks' as a way to create new shitcoins gone but the second benefit of lots of the issuance being immediately illiquid resulting in an over stated market cap was turned into a liability because it injects a massive number of coins into the hands of exchanges who are quite expert at dumping them.

disagreement within leading to a soft fork.

Soft forks are consensus rules that don't create an incompatibility, they don't result in another currency.  The prior fork coins were just altcoin scams created by copying bitcoin, no change happened in bitcoin to create any of them.  You've got to be careful about accepting narrative framing set up by fraudsters.

[BayAreaCoins]

'Forks' briefly became popular because people thought they found a way to create an altcoin and force exchanges to list it without paying the otherwise required bribes.

Then in the US we had Archer v Coinbase, which established that exchanges not only don't have to list forks they're free to just pocket the forkcoins for themselves if they want.

So with that not only was the main driver for 'forks' as a way to create new shitcoins gone but the second benefit of lots of the issuance being immediately illiquid resulting in an over stated market cap was turned into a liability because it injects a massive number of coins into the hands of exchanges who are quite expert at dumping them.

disagreement within leading to a soft fork.

Soft forks are consensus rules that don't create an incompatibility, they don't result in another currency.  The prior fork coins were just altcoin scams created by copying bitcoin, no change happened in bitcoin to create any of them.  You've got to be careful about accepting narrative framing set up by fraudsters.

This is accurate and is exactly why my exchange states in our FAQ that we do not credit forks.

It isn't us being thieves, it's us avoiding getting shitcoined to death and having to review code for a new fork every 3 days (if it worked, 3 days is probably high).

There are still plenty of forks, just none of them have the marketing budget.  I actually had a request to list one this evening.

[adaseb]

Bitcoin goes thru many cycles and each cycles have its own mania.

Back then it was all these fork coins. And I am pretty sure at one point there was over 50 bitcoin forks. I remember Bitcoin Gold, Bitcoin Cash, Bitcoin SV, Bitcoin Fast, etc. Other cycles we have ICOs. Like in 2017. And then we had the NFTs. And then we had the memecoins. And then we had all those airdrops.

So as you can see. Each cycle there is some element which get repeated over and over again until the profits are no longer there. Bitcoins fork are just not in these days.