Post
Topic
Board Development & Technical Discussion
Re: Why is Bitcoin the predominant one among forks?
by
J. Cooper
on 14/10/2017, 13:25:14 UTC
Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?

Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.
I think the main reason why people tend to prefer the original chain over any other fork is because the original chain has survived since 2009 and lived through so many crashes. The forked chains on the other hand are brand new and they're unproven to work properly and survive major crashes. Another big factor is the abbrevation. Whichever chain gets the 'BTC' abbrevation is in my opinion the dominant chain, everything else is an altcoin.