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posted by martyb on Sunday December 10 2017, @03:33PM   Printer-friendly
from the fork-early-for-often dept.

Much like the Altcoin fad of a few years ago, Forking Bitcoin is the new hotness. While some offer potentially interesting features, others appear to be so much me-too. If you do hold bitcoin, you may be in for a quick bump, as most if not all forks leave you with an equivalent amount on each blockchain. Take a look and enjoy your favorite tulip color. From news.bitcoin.com:

Super Bitcoin (SBTC) is planned to fork at block 498888, and we’re already seeing SBTC futures reach over 0.13 BTC
...
Bitcoin Platinum (BTP) plans to fork at block 498533 on December 12. It is said that BTP is GPU-mining-friendly with no pre-mine, and that it will adhere to the Segwit2x solution.
...
Lightning Bitcoin (LBTC) will fork at block 499999. It will be the first Bitcoin-forked coin to adopt the delegated Proof-of-Stake mechanism.
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Bitcoin God (GOD). Blockchain angel investor Chandler Guo announced his forking of Bitcoin on the upcoming Christmas Day.
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Bitcoin Cash Plus (BCP). BCP will fork at block 501407 on or around January 2, 2018. It will adopt the Equihash mining algorithm.
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Bitcoin Uranium(BUM). BUM will occur in December. It allows GPU and CPU mining and does not sport a pre-mine.
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Bitcoin Silver(BTSI). BTSI will fork some time in December, but block is still not decided. It changes Bitcoin’s proof-of-work algorithm from SHA256 to Equihash.
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Bitcoin X (block to be decided). It has 210 billion in total and will be distributed to bitcoin holders on the rate of 1BTC=10000 Bitcoin X.

The article briefly discusses exchange and wallet support, and some tools to split your coins.


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  • (Score: 2) by looorg on Sunday December 10 2017, @04:36PM (5 children)

    by looorg (578) on Sunday December 10 2017, @04:36PM (#608007)

    So I give them "real" bitcoins and they give me some knock-off that might be worth something some day. Sure sounds like an awesome deal. Don't you have a bridge to sell to me to ?

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  • (Score: 2) by fishybell on Sunday December 10 2017, @05:21PM (3 children)

    by fishybell (3156) on Sunday December 10 2017, @05:21PM (#608017)

    No, but rather if you have bitcoins, after the split(s) you'll have an equal number of bitcoins and junk coins.

    With the split of bitcoin cash I traded my bitcoin cash for real bitcoins, effectively meaning the split just gave me more bitcoins.

  • (Score: 0) by Anonymous Coward on Sunday December 10 2017, @05:23PM

    by Anonymous Coward on Sunday December 10 2017, @05:23PM (#608018)

    Kind of. They are forks of the bitcoin blockchain, usually with difference in the mining or verification systems. As they are a fork of the existing blockchain, if you possess the keys that control a certain botcoin, you also control the coin on the forked chain, however you may not be able access the forked coins because your wallet/provider or because of a lack of technical knowledge. Therefore various exchanges and wallet providers, and often the forkers themselves provide tools or services to allow you to claim or "split" you coins.