Why no forks these days?

[BayAreaCoins]

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.

It's a good time to set up a service for assisting people in liquidating forks from addresses that are retired.

That one of our first public methods for people to earn "freebitcoins" on a much larger scale than just little faucets.

It was a good business, no one wants to review and deal with yet another dumb fork.  Here is what our website looked like back then:  https://web.archive.org/web/20170421080441/http://freebitcoins.com/

We harvested Bitcoin Cash, Bitcoin Gold, CLAM and maybe one more... Bitcoin Cash did the best obviously.  I think our bigget earner made a few hundred Bitcoins.

It took me forever doing max withdrawals on stupid Poloniex every day.  Royal pain in the ass

[john_egbert]

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.

Yep, I agree.

People do love what shines, and eventually, it stops doing that, and people create something new for that matter, it never really stops.

[chainganginc]

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.

It's a good time to set up a service for assisting people in liquidating forks from addresses that are retired.

That one of our first public methods for people to earn "freebitcoins" on a much larger scale than just little faucets.

It was a good business, no one wants to review and deal with yet another dumb fork.  Here is what our website looked like back then:  https://web.archive.org/web/20170421080441/http://freebitcoins.com/

We harvested Bitcoin Cash, Bitcoin Gold, CLAM and maybe one more... Bitcoin Cash did the best obviously.  I think our bigget earner made a few hundred Bitcoins.

It took me forever doing max withdrawals on stupid Poloniex every day.  Royal pain in the ass

These forks need to go through a trial a year at least maybe 4 years of testing

[chainganginc]

No need for Quantum Resistant Bitcoin but it would be great to make people more aware that it's not only a Bitcoin problems it's  a banking problem. Quantum computers can be a problem for a computerized cashless society. Bitcoin is a great effort to get ready to limit the unlimited supply of digital money the banking system creates.

[Smartvirus]

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.

I try to rule it to the fact that, people now know better. Before hand, a lot of people look towards these altcoins to be the next and most of all, when it’s linked or have some ties related to Bitcoin. They try to confer on them some of the rep Bitcoin have belt a short period of its existence. People who can’t differentiate jump at it while those that can and have ideas as to how this works just stay off it. Developers know this now and have shifted their focus elsewhere with memecoins and whatever name they could give it.

[Abiky]

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?

Interest in Bitcoin-based forks waned as a result of some exchanges not honoring customers' coins. Some of them just kept the forked coins without listing them for trading. Not to mention, interest has moved away from forks into more speculative crypto assets (such as "meme" coins and NFTs). We were close to getting another fork due to the network congestion caused by Ordinals inscriptions (Bitcoin Knox). But it didn't happen because the community had no problem with Ordinals.

I wouldn't envision another Bitcoin-based fork anytime soon. Most of them fail in the long run, now that many investors consider them direct clones of the original Bitcoin blockchain. Bitcoin Cash, Bitcoin SV, Bitcoin Diamond, Bitcoin Gold, etc. all carry the Bitcoin brand/name. So even if they have a few tweaks here and there, no one will pay attention to them. Miraculously, BCH is the only fork that's among the top 20 coins in market cap. It's worth half a thousand dollars right now ~$550. Only time will tell how long will it stay there. I'd just keep holding BTC alone and forget about the rest.

[gmaxwell]

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).

Yeah, it's intractable-- you're supposed to run who knows what code ... even if you had a very good framework for isolating different coins code (and exchanges mostly don't) there is just an incredible risk of malicious or vulnerable forkcoin code.  If exchanges did regularly accept them there would very quickly be forks with malicious code intended to penetrate exchanges, steal private keys, etc.   Plus very good isolation is expensive.

It's quite easy to make custom signing code that causes the signatures to leak the private keys,  they can even do it in a way that is 'secure' so only the proper attacker can recover them (A 'no one but us' vulnerability, as NSA might call it).

During all the bitcoin fork mania I *rewrote* the signing code for each of the forks, in order to perform signatures with my own code to avoid the difficult problem of reviewing third party code.  It was a pain in the ass.

[BayAreaCoins]

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).

Yeah, it's intractable-- you're supposed to run who knows what code ... even if you had a very good framework for isolating different coins code (and exchanges mostly don't) there is just an incredible risk of malicious or vulnerable forkcoin code.  If exchanges did regularly accept them there would very quickly be forks with malicious code intended to penetrate exchanges, steal private keys, etc.   Plus very good isolation is expensive.

It's quite easy to make custom signing code that causes the signatures to leak the private keys,  they can even do it in a way that is 'secure' so only the proper attacker can recover them (A 'no one but us' vulnerability, as NSA might call it).

This is how Big Vern allegedly got hacked with his exchange, Cryptsy.  They didn't jail some new coin of the week, and it pwned them.

https://www.justice.gov/usao-sdfl/pr/ceo-major-online-cryptocurrency-exchange-company-indicted-defrauding-company-s

Seems like he stole from the wrong folks, it appears, and they got him back, then gave him a taste of the FEDS. lol

Shocked he still hasn't come back to America for air conditioning yet.  He must have a pretty Chinese wife and a few kids or something.

[viljy]

Forks are not popular now because their time has passed. The peak of the popularity of forks was immediately after the appearance of BCH. There were about 50 bitcoin forks in total. Even the forks themselves had forks. I remember it was fun to get a new fork (of course, if the address has bitcoin). To do this, you had to have a wallet like Coinomi or Bitpie (formerly Bither) or install a full fork wallet (which was not convenient for everyone due to the large size of the blockchain). The forks were somewhat similar to Retrodrops, which appeared and became popular a few years after the forks.

By the way, some forks are still alive. For example, BTCZ, which is even now trading on a couple of very small CEX, for example, Cratex. I remember I had some coins left over from this fork, so I sent these coins to the developers of the project to donate for development.

[melinoe]

Forks are not popular now because their time has passed. The peak of the popularity of forks was immediately after the appearance of BCH. There were about 50 bitcoin forks in total. Even the forks themselves had forks. I remember it was fun to get a new fork (of course, if the address has bitcoin). To do this, you had to have a wallet like Coinomi or Bitpie (formerly Bither) or install a full fork wallet (which was not convenient for everyone due to the large size of the blockchain). The forks were somewhat similar to Retrodrops, which appeared and became popular a few years after the forks.

By the way, some forks are still alive. For example, BTCZ, which is even now trading on a couple of very small CEX, for example, Cratex. I remember I had some coins left over from this fork, so I sent these coins to the developers of the project to donate for development.

It's an era long gone, and can be only viewed as something worth returning to for nostalgia and how people tried to make something new / profit from the ideas that spike the minds up, so to speak..

[ABCbits]

No need for Quantum Resistant Bitcoin but it would be great to make people more aware that it's not only a Bitcoin problems it's  a banking problem. Quantum computers can be a problem for a computerized cashless society. Bitcoin is a great effort to get ready to limit the unlimited supply of digital money the banking system creates.

Risk of QC is real, although who knows when will it's mature enough to break cryptography we use today. While bank also have this problem, they can switch to QC-resistant cryptography faster than Bitcoin.

I remember it was fun to get a new fork (of course, if the address has bitcoin). To do this, you had to have a wallet like Coinomi or Bitpie (formerly Bither) or install a full fork wallet (which was not convenient for everyone due to the large size of the blockchain). The forks were somewhat similar to Retrodrops, which appeared and became popular a few years after the forks.

In addition, you need to handle your wallet and private key carefully. People had to move their Bitcoin to different address/wallet (before claming forked coins) to prevent their Bitcoin accidentally stolen.

By the way, some forks are still alive. For example, BTCZ, which is even now trading on a couple of very small CEX, for example, Cratex. I remember I had some coins left over from this fork, so I sent these coins to the developers of the project to donate for development.

IMO BCH is better example of fork that still alive since it have position 16 on CoinMarketCap. From quick search, BTCZ and other forks have position 1000 or lower which indicates it's barely alive. I don't count BSV since it's BCH fork.

[dzungmobile]

In addition, you need to handle your wallet and private key carefully. People had to move their Bitcoin to different address/wallet (before claming forked coins) to prevent their Bitcoin accidentally stolen.

To claim fork coins, private key is required mandatory and with private key, your coins can be moved by anyone access it.

The time of Bitcoin fork coins is many years ago, two market cycles ago but the lesson is valuable and it's applicable for altcoins too. Years ago LoyceV wrote his guide on claiming fork coins.
LoyceV's Bitcoin Fork claiming guide (and service).

Move your coins out of a wallet, before using its private keys to claim fork coins.

[Outhue]

I don't like fork coins because they are useless, fork coins are mostly useless than shit coins, I was here when they are fresh and new and I thought they will be great just like the coin they are forking from, I was wrong, many of them turned to shit in less that two years and they never recovered.

Ethereum Classic and Bitcoin cash are the only surviving fork coins right now, they rest are over 20 and they all turned to nonsense, Especially those from Bitcoin, at first it was exciting, I thought they would do very well in future, I got obsessed with few of them, this was my biggest mistake, I could have focused more on Bitcoin, instead I started gathering Bitcoin private, unlimited, Bitcoin Satoshi, bitcoin gold, bitcoin diamond.

I ended up dumping all of them in 2021.

[tbct_mt2]

I don't like fork coins because they are useless, fork coins are mostly useless than shit coins, I was here when they are fresh and new and I thought they will be great just like the coin they are forking from, I was wrong, many of them turned to shit in less that two years and they never recovered.

Ethereum Classic and Bitcoin cash are the only surviving fork coins right now, they rest are over 20 and they all turned to nonsense, Especially those from Bitcoin

Do you know that Bitcoin is a best and strongest cryptocurrency?

Have you ever wondered why scammers try more with creating Bitcoin forks than forks from altcoins?
The main reason is because of Bitcoin strength and attraction, so that if they make Bitcoin forks, it's more easily to catch investors and speculators for spending money in Bitcoin fork coins.

It's much harder to succeed with altcoin forks so they avoid doing this.

Ethereum is a next favorite cryptocurrency for forks as it's a second strongest and successful cryptocurrency. Explanation for this is similar to the one for Bitcoin forks.

[henry_of_skalitz]

Do you know that Bitcoin is a best and strongest cryptocurrency?

Have you ever wondered why scammers try more with creating Bitcoin forks than forks from altcoins?
The main reason is because of Bitcoin strength and attraction, so that if they make Bitcoin forks, it's more easily to catch investors and speculators for spending money in Bitcoin fork coins.

It's much harder to succeed with altcoin forks so they avoid doing this.

Ethereum is a next favorite cryptocurrency for forks as it's a second strongest and successful cryptocurrency. Explanation for this is similar to the one for Bitcoin forks.

I do think that everybody understands that.

It's just that today, everybody who creates such a fork is almost automatically seen as a scam / rug / and so on..

[YOSHIE]

What happened differently  that there are no threats or signs of forking?

As far as I know the increase or change in the price of Bitcoin, does not automatically trigger hard fork, requires a certain process or reason.
For example: community dissatisfaction with The development of blockchain as happened to the hard Fork in 2017-2018 that we know is like Bitcoin Cash, but the community seems to have been destroyed and lost as in the swallow of Earth.

It seems that at this time the community has trusted Bitcoin, so there is no longer a hard fork and after all Bitcoin is not as popular as it is today, so the community has the opportunity to Creating a new coin to match Bitcoin, after all investors do not want to be dizzy for hard fork, they prefer Bitcoin to be their main goal, not creating something new that is not clear.

[Josefjix]

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?

These are the old myth that convinced many bitcoiners thinking there coming a new forks that going to be influenced by bitcoin. Fortunately, they are no where to be found with zero use cases.

There is no need of any more fork in the future so the ones done had no impact.

[100steeze]

The block size wars settled the big debate.
From 2015–2017, the community fought over whether Bitcoin should scale by bigger blocks (hard fork) or second-layer solutions like Lightning (soft fork). The hard fork side split off into BCH, BSV, etc. That battle exhausted everyone and made it clear Bitcoin Core’s conservative path would win.

[Cookdata]

No need for Quantum Resistant Bitcoin but it would be great to make people more aware that it's not only a Bitcoin problems it's  a banking problem. Quantum computers can be a problem for a computerized cashless society. Bitcoin is a great effort to get ready to limit the unlimited supply of digital money the banking system creates.

A lot of people are pushing agenda with this quantum thing and the funny thing is they are ignorant about it. Quantum description threat doesn't end With Bitcoin and banks alone, anything encrypted right now is going have risk of been decrypted with quantum computers in less than some minutes. Security doors that are programmed that we think are encrypted can be decrypted within some minuted. Anything encrypted file is going to be at threat if they becomes a thing of public.

However, there is already a solution for it. There are currently people doing a research how to used Quantum encryption so they can build something that even quantum computers are going to find impossible to decrypt. I can't imagine central bank of a country lose millions if not billions in the first place. How is the government going to feel if their servers and device are hack and sensitie information becomes public, how do you even explain such to people.

[chainganginc]

I don't like fork coins because they are useless, fork coins are mostly useless than shit coins, I was here when they are fresh and new and I thought they will be great just like the coin they are forking from, I was wrong, many of them turned to shit in less that two years and they never recovered.

Ethereum Classic and Bitcoin cash are the only surviving fork coins right now, they rest are over 20 and they all turned to nonsense, Especially those from Bitcoin, at first it was exciting, I thought they would do very well in future, I got obsessed with few of them, this was my biggest mistake, I could have focused more on Bitcoin, instead I started gathering Bitcoin private, unlimited, Bitcoin Satoshi, bitcoin gold, bitcoin diamond.

I ended up dumping all of them in 2021.

What do you think of a merge mined fork like ixcoin? At least it is connected to the Bitcoin chain to help security. The problem is the forks need to get a use case in society. They have no value just another copycat. Since Bitcoin is used as a more store of value it would be great to have a merge mined coin with more TPS. Bitcoin Cash should have been merge mined to connect it to Bitcoin as it is looked at as digital gold.