Bitcoin Forks

Discussion in 'Digital Currencies' started by SilverDJ, Oct 24, 2017.

  1. SilverDJ

    SilverDJ Well-Known Member

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    Is there no end to this bitcoin split?
    That's now 3 splits in like 6 months.
    Bitcoin Cash hasn't been doing great.

    From Coinbase:

    Bitcoin Segwit2x

    The Bitcoin Segwit2x fork is projected to take place on November 16th and will result in two bitcoin blockchains. Following the fork, Coinbase will continue referring to the current bitcoin blockchain as Bitcoin and the forked blockchain as Bitcoin2x.

    Any customer with a Bitcoin balance on Coinbase at the time of the fork will be credited with an equal amount of the Bitcoin2x asset on the Bitcoin2x blockchain. No action is required—we will automatically credit your account. So, if you have 5 Bitcoin stored on Coinbase before the fork; you will have 5 Bitcoin and 5 Bitcoin2x following the event.

    For more information about Bitcoin2x please see our FAQ page and our blog post for a detailed timeline of events.

    Bitcoin Gold

    The Bitcoin Gold fork occurred on October 23rd. Information about this fork has been limited and there are concerns about its security and stability. As a result, we do not believe it is safe to allow support for Bitcoin Gold at this time. If the blockchain proves to be secure and valuable, Coinbase may choose to support it.
     
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  2. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Has the relay protection issue for SegWit2x been resolved?

    This is a pretty big deal because I thought SegWit2x was intending to challenge for the right to be BTC.

    Bitcoin Gold - I reckon it'll be forgotten about by the time November comes around.
     
  3. dozerz

    dozerz Well-Known Member Silver Stacker

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    forks will continue as long as they remain profitable, bitcoin gold futures were trading higher than bitcoin cash price, notice the drop https://coinmarketcap.com/currencies/bitcoin-gold/

    coinbase has spoken with bitcoin retaining the btc ticker, dont hold out much hope a 2x will succeed for the top spot. looks like garzik was just using the 2x split to promote his new ico, metronome.
     
  4. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    This guy is normally pretty on the ball, though he needs to put some clothes on.

     
  5. SilverDJ

    SilverDJ Well-Known Member

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    It's not looking great

    [​IMG]
     
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