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?
1. Bitcoin Gold is really a joke they don't have a code yet even though they already have the code now the problem is the code it is rushed so, there will be bugs and cause some problems once it release on oct 25.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?
2. Segwit2x is really the real threat fork in bitcoin. they didn't have the replay protection which is very important so the segwit2x is prone replay attacks so, the network is they are putting us in danger of losing funds and that's why the devs are against in segwit2x
3. bitcoin unlimited is irrelevant now the BU supporters are more likely supporting the bitcoin cash or segwit2x