Post
Topic
Board Bitcoin Discussion
Re: Are Forks really good for BTC ?
by
luxcoin
on 01/01/2018, 20:30:36 UTC
Don't think to much for your own.
Let's make a discussion out of the box.

When there is a new fork people are so exiting because in this way they can split their BTC with a new Crypto.
Very lucky for you buddy!

BUT, is it really worth for the community? Or is it another way to speculate and try to gain extra money ?

I mean Bitcoin ha seriously issue and everyone know about it. You guess it: scalability, fees to hight, ect

Could the new forks really solve the issue?
Because if everyone see them as free-money it's definitely not worth it and BTC remain with its problems

What do you think ?
As far as i can tell,none of the forks which happened since August 1 have had the desired effect it was meant to have, we are still paying outrageous fees to miners so that our transactions get confirmed and its taking longer than ever for that to happen.

I think BTC's price is largely due to electricity tariffs, if there is no miner that BTC can not survive, ETH is the same.
Why do you think we should reduce the cost of paying the miners? The Kingdom is based on the miners' support, and that's the rule.
As you say, the confirmation is getting slower and slower...

I agree with you that Miners are essential for the network to live - and without anyone who control and approve the block, the idea of decentralisation can no longer exist. However they want to gain extra money to approve first the transaction for which they put an higher fee than others so the fee would increase more and more.

So it's no longer the " low fee" which could convince a merchant to accept that type of payment on their store.