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How many of the 19 forks have value now? Other than the famous ones - BCH and Bitcoin Gold - other 17 are not even in the top 100 of coinmarketcap. So the artic
by thisisit 9y ago
How many of the 19 forks have value now? Other than the famous ones - BCH and Bitcoin Gold - other 17 are not even in the top 100 of coinmarketcap. So the article and the expert are just inflating their claims.
Additionally, there is no need for forks to create value in coins. Coin developers also have tried something called "airdrops" where they assign some coins on a particular criteria. And using bitcoin's blockchain has been one of the favorite criteria.
- aaron-lebo 9y agoWhile forking as you stated isn't really an issue (if my dog forks Bitcoin, does it really matter?), but it does suggest that people are willing to do it. If we drag out further and further into the year and some of the problems with core Bitcoin aren't resolved, we'll probably see more attempts at forking, and you only need one to cause some chaos. Each sizable fork adds confusion, though. It might be obvious to you that Bitcoin Cash is not Bitcoin, but new adopters not so much. IN some sense the Bitcoin brand is becoming very diluted.
- thisisit 9y agoAgain the issue is whether the fork actually gains any credence at all. If your dog can create a fork which has the same amount of influence behind it as Bitcoin Cash, then it will gain credence. Otherwise it doesn't matter if there is a fork. That said, surely we will see more forks. The Segwit2x was called off but it will be back with additional force. We might see additional 1-2 more forks with credence and re-using the name "Bitcoin" but 50? is just making up numbers.