Post
Topic
Board Development & Technical Discussion
Re: Why is Bitcoin the predominant one among forks?
by
Lucius
on 07/06/2018, 12:19:03 UTC
Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?
Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.

I think the reason is very simple, BTC is best known and most popular coin in crypto world - so if someone want to make clone/fork it is logical to copy BTC and use name "Bitcoin" to promote new coin. Such promotion mostly brings new users who are not aware of the differences between real and fork coin, but that for those behind the project is not important at all - profit is the only thing that matters.

I am not sure that some forked coin can replace BTC in future, although it is theoretically possible. The fact is that BTC is on the scene for 9 years, has the highest reputation and independent team who is working on further development. I think time is one of the key factors for success, most of the altcoins just want success overnight, but in most cases it fails.