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RE: Lots of issues with Bitcoin Gold - no replay protection
Right on point. Believe it or not, these hardforks are going to ruin cryptocurrency one day
Right on point. Believe it or not, these hardforks are going to ruin cryptocurrency one day
No, I don't think so. They are, in theory, a way to improve the technology. We will just have to accept that there will also be non-serious attempts at forking. To my understanding, there is no way to prevent forks to happen. Anyone can make a fork of an existing Coin.
It's just the markets that has to react more properly and not make all this fuzz about it weeks and months in advance. But this is early adopter phase. As these things become more unspectacular and common we will ignore it more. We will get used to it.
I don't see it as a big problem.
True but too many non-sensical attempts at forking usually confuse the newbies and they start to think cryptocurrency as a gambling game. It hurts the overall point of having a decentralized money structure
Yes. But that's how the game is currently. Crypto CURRENCIES are a gamble. (Block Chain technology however is NOT a gamble) Bitcoin and other digital blockchain based currencies/stores of value are yet so small and insignificant that there is almost not risk in buying.
But it will be a gamble for people buying Bitcoin at 100,000$ or 500,000$. At those prices Bitcoin will begin to have an impact. And it will pose a threat to banks etc.
People who want to get into Crypto currencies must learn that a fork only means that there is another coin based on the same technology but with different perks. And since the whole idea is that you as a owner of coin 1 recieves the same amount of coin 2, there is no risk involved for you. The only thing that is essential for everyone is to never sell one of the coins. You always keep every "free" coin you get. Because you have no idea which coin the markets will chose. If you chose to gamble and trade one coin..that is up to you. That is free market and free commerce. :)