Post
Topic
Board Economics
Re: Hacks & puppets & forks - how to destroy bitcoin
by
centralbanksequalsbombs
on 12/12/2017, 23:16:05 UTC
The reputation of bitcoin is getting destroyed slowly because of the forks that has been launching for bitcoin and it seems that it doesn't affect the performance at all because i believe that the reason for having forks are to improve the quality of the coin and to make major improvements that everyone would feel after the launch of fork but right now it is just like making forks that will completely just for money and not improvements.
And ridiculous hardfok that are happening with the coin, first with that haunt that calls BBCHASH, Bitcoin Diamond that already is more than 50 dollars and now for December we have three more the called "Super Bitcoin" should leave in the block 498.888 around 15 of December, while Bitcoin Platinum and even more bizarre Bitcoin Cash Plus are expected to take place December 23 and 31, respectively. Man, this is putting an end to the currency's reputation, I do not know how the community accepts that.

Ahem, each of these 'forks' are just scamcoins - really, as time goes on, they will be lost in the sea of altcoins. Why?

Simple: with each derivative fork the new altcoin makes itself much weaker in ALL of these ways:


-less hashing power than the real Bitcoin network. Thus new scamcoin will be less secure.

-less open, global development of protocol codebase than real Bitcoin. Thus new scamcoin slow to innovate and be more vulnerable.

-less (true) independent full nodes on the network than real Bitcoin. New scamcoin more susceptible to attacks on protocol and hijacking.

-more concentration of coins to fewer individuals than the real Bitcoin network. Thus new scamcoin becomes more unfair with time.

-more geographic concentration of mining than the real Bitcoin network. Thus the new scamcoin will have more points of failure.

-more hardforks demonstrate all these points moreso with each iteration to global public. Thus new scamcoins lose value vs Bitcoin every year.

-is just another altcoin