Why no forks these days?

[o48o]

-cut-
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.
-cut-

Wasn't that a minor problem with bitcoin forks though? All of the big CEXes i know gave the coins of biggest forks to holders. It was just when it become a trend and there was probably a hundred of smaller bitcoin forks, when they didn't list them. And for a good reason. They shouldn't have legitimized any of them by listing them.

And while technically legally they probably were obligated to compensate their customers, i don't think they were even worth enough for people to get mad over lost coins.

[lionheart78]

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?

It is possible that forkers find it troublesome to maintain the network's hash power, so instead of forking a POW coin, they move to creating tokens of an existing network for cheaper maintenance.  Besides, I think the Bitcoin forking era has already long passed the interest of the developers, as they have witnessed the failure of these forks.
 

[hedgeh0g]

And when Bitcoin Cash appeared, many people started thinking about the fact that it could become an alternative to Bitcoin, and maybe even surpass it?
It was a time of uncertainty and at first few people sold their Bitcoin Cash, looking at the reaction of the whole world, but later it became clear that it was just a no-name coin that needed to be exchanged for the original Bitcoin as soon as possible. Because if you call Bitcoin gold, then Bitcoin Cash will be just a fake, a piece of jewelry.

[aoluain]

Forking the Bitcoin network is a tried and tested attempt to create a coin to rival
Bitcoin which has proven to be futile. All previous forked coin performances and
acceptance has shown the trust lies with the project with the 100% security performance.

Forking the Bitcoin network now would be seen as a folly!

[pooya87]

Forking the Bitcoin network is a tried and tested attempt to create a coin to rival
Bitcoin which has proven to be futile.

I don't think anybody who created any of these forkcoins ever did it to actually rival bitcoin even if they advertised it as such (like bcash guys). They are like Chinese rip off products, they aren't making those to rival the original brand and to gain superiority in the market. They are doing it to make some money from anybody who is foolish enough to buy their rip off.

[chainganginc]

And when Bitcoin Cash appeared, many people started thinking about the fact that it could become an alternative to Bitcoin, and maybe even surpass it?
It was a time of uncertainty and at first few people sold their Bitcoin Cash, looking at the reaction of the whole world, but later it became clear that it was just a no-name coin that needed to be exchanged for the original Bitcoin as soon as possible. Because if you call Bitcoin gold, then Bitcoin Cash will be just a fake, a piece of jewelry.

Bitcoin Cash should have been merge mined perhaps.

[jackpotmaster]

Forking the Bitcoin network is a tried and tested attempt to create a coin to rival
Bitcoin which has proven to be futile. All previous forked coin performances and
acceptance has shown the trust lies with the project with the 100% security performance.

Forking the Bitcoin network now would be seen as a folly!

It was not an attempt to create a rival coin but to scam people who don't know better. Don't confuse competition with malice.

I don't think anybody who created any of these forkcoins ever did it to actually rival bitcoin even if they advertised it as such (like bcash guys). They are like Chinese rip off products, they aren't making those to rival the original brand and to gain superiority in the market. They are doing it to make some money from anybody who is foolish enough to buy their rip off.

Agreed. Roger Ver is a scammer.

Bitcoin Cash should have been merge mined perhaps.

It didn't need to become a thing at all. I'm glad that it is dead.

[Cookdata]

Forking the Bitcoin network is a tried and tested attempt to create a coin to rival
Bitcoin which has proven to be futile. All previous forked coin performances and
acceptance has shown the trust lies with the project with the 100% security performance.

Forking the Bitcoin network now would be seen as a folly!

It was not an attempt to create a rival coin but to scam people who don't know better. Don't confuse competition with malice.

Don't you think scam is a bit harsh. Like there wasn't an attempt to steal anyone's money or extort money from anyone. Last I check, almost wallets that were holding Bitcoin were eligible for equivalent amount of fork coins like Bitcoin cash and Bsv.

Just like Pooya has said, some Chinese guys were obsessed with making quick money and they do anything to get attention, make the money and moves to the next one. They fork anything with any names and when the coin is listed, it plummet after sometimes, even the Bitcoin cash that is having some relevant left seems to be having dead community, been a while I heard some drama from there. Just like ICO trend back then, everything had there own time and they faded after sometimes.

Lesson learnt from this but do you not see what is happening today, more series of fooling has come to pass, next Bitcoin, next decentralized finance, Bitcoin killer and there is none that has stand the test of time, and I'm very optimistic more is going to come, they just need a new fresh ideas to fool people again.

[jackpotmaster]

Forking the Bitcoin network is a tried and tested attempt to create a coin to rival
Bitcoin which has proven to be futile. All previous forked coin performances and
acceptance has shown the trust lies with the project with the 100% security performance.

Forking the Bitcoin network now would be seen as a folly!

It was not an attempt to create a rival coin but to scam people who don't know better. Don't confuse competition with malice.

Don't you think scam is a bit harsh. Like there wasn't an attempt to steal anyone's money or extort money from anyone. Last I check, almost wallets that were holding Bitcoin were eligible for equivalent amount of fork coins like Bitcoin cash and Bsv.

The word scam is an understatement for what these things were. First let's revisit the definition of the word scam:

1. to deceive and defraud (someone)
2. to obtain (something, such as money) by a scam

Anything that uses the word Bitcoin in its name so all forks are by definition scams. They are trying to deceive people that the projects are like the real Bitcoin to defraud them of their money. It fits the definition of scam perfectly. Just because you forked history of Bitcoin, that does not make your blockchain have any of its feature or relation to Bitcoin.

[john_egbert]

Forking the Bitcoin network is a tried and tested attempt to create a coin to rival
Bitcoin which has proven to be futile. All previous forked coin performances and
acceptance has shown the trust lies with the project with the 100% security performance.

Forking the Bitcoin network now would be seen as a folly!

People tried, people failed, people adapted and now do memes for that reason, not BTC forks, because nobody would go there with their beliefs and funds 

[jackpotmaster]

Forking the Bitcoin network is a tried and tested attempt to create a coin to rival
Bitcoin which has proven to be futile. All previous forked coin performances and
acceptance has shown the trust lies with the project with the 100% security performance.

Forking the Bitcoin network now would be seen as a folly!

People tried, people failed, people adapted and now do memes for that reason, not BTC forks, because nobody would go there with their beliefs and funds  

There's another reason too, it is about the effort required to scam. To create a meme and have it listed on some DEX you need to do a couple of clicks, much easier and faster than creating a fork. Of course you are also right, a good reason for it is that the scam using the Bitcoin name is old and probably won't see a revival. We had ordinals and runes instead.  

[john_egbert]

Forking the Bitcoin network is a tried and tested attempt to create a coin to rival
Bitcoin which has proven to be futile. All previous forked coin performances and
acceptance has shown the trust lies with the project with the 100% security performance.

Forking the Bitcoin network now would be seen as a folly!

People tried, people failed, people adapted and now do memes for that reason, not BTC forks, because nobody would go there with their beliefs and funds  

There's another reason too, it is about the effort required to scam. To create a meme and have it listed on some DEX you need to do a couple of clicks, much easier and faster than creating a fork. Of course you are also right, a good reason for it is that the scam using the Bitcoin name is old and probably won't see a revival. We had ordinals and runes instead.  

Yeah, and it's not on the ear too, at least for me, Ordinals and runes are brought up only when they congest the hell out of everything..

And I am happy for it being that way 

[chainganginc]

Forking the Bitcoin network is a tried and tested attempt to create a coin to rival
Bitcoin which has proven to be futile. All previous forked coin performances and
acceptance has shown the trust lies with the project with the 100% security performance.

Forking the Bitcoin network now would be seen as a folly!

It was not an attempt to create a rival coin but to scam people who don't know better. Don't confuse competition with malice.

I don't think anybody who created any of these forkcoins ever did it to actually rival bitcoin even if they advertised it as such (like bcash guys). They are like Chinese rip off products, they aren't making those to rival the original brand and to gain superiority in the market. They are doing it to make some money from anybody who is foolish enough to buy their rip off.

Agreed. Roger Ver is a scammer.

Bitcoin Cash should have been merge mined perhaps.

It didn't need to become a thing at all. I'm glad that it is dead.

It's not dead yet... Instead of trying to be the next Bitcoin they should try to assist it. The higher Bitcoin goes the better for most altcoins. That's why I propose another name and see kill all copies of the next one who tries. Could call them Neocoins or Subcoins. Not here  to repl s Bitcoin but to help it blossom.

[jackpotmaster]

It's not dead yet... Instead of trying to be the next Bitcoin they should try to assist it. The higher Bitcoin goes the better for most altcoins. That's why I propose another name and see kill all copies of the next one who tries. Could call them Neocoins or Subcoins. Not here  to repl s Bitcoin but to help it blossom.

Scams like Bitcoin forks can never assist the real thing, they leech value and create damage. There is no need for additional coins, neither of copies of Bitcoin or of others.

[chainganginc]

It's not dead yet... Instead of trying to be the next Bitcoin they should try to assist it. The higher Bitcoin goes the better for most altcoins. That's why I propose another name and see kill all copies of the next one who tries. Could call them Neocoins or Subcoins. Not here  to repl s Bitcoin but to help it blossom.

Scams like Bitcoin forks can never assist the real thing, they leech value and create damage. There is no need for additional coins, neither of copies of Bitcoin or of others.

You know what might help is something for the miners can use to cover the mining electrical costs. Can also be used to help lower the carbon footprint. Another coin could help Bitcoins it's just so many coins have been bad for the ecosystem. That's what happens when you let the people decide. This democracy idea is bad a Republic idea maybe better untill society grows the fuck up. Id like to give it another shot and create something that can really assist like batman and robin.

[jackpotmaster]

It's not dead yet... Instead of trying to be the next Bitcoin they should try to assist it. The higher Bitcoin goes the better for most altcoins. That's why I propose another name and see kill all copies of the next one who tries. Could call them Neocoins or Subcoins. Not here  to repl s Bitcoin but to help it blossom.

Scams like Bitcoin forks can never assist the real thing, they leech value and create damage. There is no need for additional coins, neither of copies of Bitcoin or of others.

You know what might help is something for the miners can use to cover the mining electrical costs. Can also be used to help lower the carbon footprint. Another coin could help Bitcoins it's just so many coins have been bad for the ecosystem. That's what happens when you let the people decide. This democracy idea is bad a Republic idea maybe better untill society grows the fuck up. Id like to give it another shot and create something that can really assist like batman and robin.

None of what you said is needed or directly related to the topic that we are talking about. Forks and most altcoins have damaged the perception and adoption of Bitcoin and blockchain technology, there is no way to go around this fact.

[chainganginc]

It's not dead yet... Instead of trying to be the next Bitcoin they should try to assist it. The higher Bitcoin goes the better for most altcoins. That's why I propose another name and see kill all copies of the next one who tries. Could call them Neocoins or Subcoins. Not here  to repl s Bitcoin but to help it blossom.

Scams like Bitcoin forks can never assist the real thing, they leech value and create damage. There is no need for additional coins, neither of copies of Bitcoin or of others.

You know what might help is something for the miners can use to cover the mining electrical costs. Can also be used to help lower the carbon footprint. Another coin could help Bitcoins it's just so many coins have been bad for the ecosystem. That's what happens when you let the people decide. This democracy idea is bad a Republic idea maybe better untill society grows the fuck up. Id like to give it another shot and create something that can really assist like batman and robin.

None of what you said is needed or directly related to the topic that we are talking about. Forks and most altcoins have damaged the perception and adoption of Bitcoin and blockchain technology, there is no way to go around this fact.

What you said I agree but the OP might disagree. To answer the question it's because most of these forks have no use case. Copycats usually don't last long in any market.  They are worth nothing, even Bitcoin was worth nothing at the beginning. You have coins coming out worth 1 cent at the start. How? Looks like just a bunch of money grabs by people who don't care about the technology. Some do care it's just when lots of money is involved integrity goes out the window.

[chainganginc]

That's why you see these ridiculous coin supply amount. Their generating virtual money and pumping it. Premined coins can be a dangerous thing if the wrong dev gets them. What makes it crazier is these exchanges are all in on this crap. That's capitalism at its finest.

[Alpen]

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?

I remember that time well. I counted 69 Bitcoin forks before I just gave up. Because of all the blockchain splits, the situation was nicknamed the 'Attack of the Clones'. Today, however, there's no point in cloning cryptocurrencies that way anymore.

First, PoW blockchains aren't as popular as they used to be. Second, it's far cheaper and easier to just launch a memecoin these days

[adaseb]

From what I understand the semi-large forked coins like Bitcoin Cash, Bitcoin SV, were given to holders at the time of the snapshot. However the smaller ones that you never heard of like Bitcoin Gold or Micro Bitcoin or whatever, those werent distributed because it was just a hassle and they werent worth much to begin with.

Also keep in mind that each of these forks was a huge strain on space. Every fork was basically the same bitcoin blockchain cloned so it took up hundreds of Gigs just for a forked coin which is worth a few pennies each. And they had to keep all those forks in sync which was tough when the nodes were unrealiable.