Re: All these forks make bitcoin seem scammy.. they should never have been done.
Seriously we had Bitcoin Cash, Bitcoin Gold, though some argue that one's a scam, and now Bitcoin Diamond all within a 6 month time period? In 5 years how many forks will there be? They should never have forked the coin at all, not even once. They should have created another coin with a different name from scratch. Forking constantly makes the whole thing seem like a big scam from an outsider's perspective.
Forking will lead to another coin eventually taking bitcoin's place in my opinion, though hopefully people don't see that hey, anyone can create any coin they want at any time, so why should I buy this particular coin? There's 15 bitcoin forks here in 2019... what the hell is going on? I like that I can store money without having to worry about unconstitutional civil asset forfeiture, but it seems like the way things are going the blatant greed is showing through. Just another way for people to create a coin they can dump and make their millions, which is fine.. I like making money too, I just hope this short term focus on gain doesn't harm people's perception of bitcoin as a whole. In any case as long as the money is there, people should flock in. 500 billion dollars from a global economic perspective is still peanuts. We could have 2 trillion in combined market cap and it's still peanuts to the global economy.
Forking will lead to another coin eventually taking bitcoin's place in my opinion, though hopefully people don't see that hey, anyone can create any coin they want at any time, so why should I buy this particular coin? There's 15 bitcoin forks here in 2019... what the hell is going on? I like that I can store money without having to worry about unconstitutional civil asset forfeiture, but it seems like the way things are going the blatant greed is showing through. Just another way for people to create a coin they can dump and make their millions, which is fine.. I like making money too, I just hope this short term focus on gain doesn't harm people's perception of bitcoin as a whole. In any case as long as the money is there, people should flock in. 500 billion dollars from a global economic perspective is still peanuts. We could have 2 trillion in combined market cap and it's still peanuts to the global economy.
Just simply read:
i also believe forks will Destroy bitcoin in future especially BCH .
but price will destroy bitcoin more than hacks
but price will destroy bitcoin more than hacks
The opposite of what you state is true. The forks reveal themselves worthless, especially BCH.
The price demonstrates more worth over time. Altcoins, like BCH and other scamcoins are more susceptible to hacks. Bitcoin's code has been unbreakable and running for 9 years.
and...
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
The world is seeing the obvious;
This week: Brazil and Canada
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update live weekly p2p cash trades on LBC: https://coin.dance/volume/localbitcoins