Hi everyone,
I am not an expert in Bitcoin or Blockchain, but I have read some information about the upcoming forks, and would appreciate your input.
***I do not intending to offend anyone, just want to discuss the future of Bitcoin***
Surely if the upcoming forks are smooth and successful, Bitcoin will survive the forks and continue to lead the market cap in cryptocurrency.
However based on what I have viewed online:
1. Bitcoin Gold fork is very badly prepared and (was referred as) is a joke. Information about the fork is lacking. no replay protection.
2. Segwit 2x fork has no replay protection, which will cause double spending to a certain degree. This fundamentally challenges Bitcoin's principles....which is to prevent double spending utilizing Blockchain technology.
3. possible Bitcoin Unlimited fork (sorry I have yet to read more about it) may cause chaos to the Bitcoin network and there may be many versions of the bitcoin blockchain....
Due to the above reasons, are the fundamentals of Bitcoin indeed challenged by the upcoming forks?
Many people have said that "Oh, we have survived the Bitcoin Cash fork, it will be the same this time, just HODL"
but it may seem that this time the value of Bitcoin could be really challenged?
I am not an expert in Bitcoin or Blockchain, but I have read some information about the upcoming forks, and would appreciate your input.
***I do not intending to offend anyone, just want to discuss the future of Bitcoin***
Surely if the upcoming forks are smooth and successful, Bitcoin will survive the forks and continue to lead the market cap in cryptocurrency.
However based on what I have viewed online:
1. Bitcoin Gold fork is very badly prepared and (was referred as) is a joke. Information about the fork is lacking. no replay protection.
2. Segwit 2x fork has no replay protection, which will cause double spending to a certain degree. This fundamentally challenges Bitcoin's principles....which is to prevent double spending utilizing Blockchain technology.
3. possible Bitcoin Unlimited fork (sorry I have yet to read more about it) may cause chaos to the Bitcoin network and there may be many versions of the bitcoin blockchain....
Due to the above reasons, are the fundamentals of Bitcoin indeed challenged by the upcoming forks?
Many people have said that "Oh, we have survived the Bitcoin Cash fork, it will be the same this time, just HODL"
but it may seem that this time the value of Bitcoin could be really challenged?