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What a bitcoin fork actually is

1169 ratings | 72484 views
Bitcoin split in two in August when the digital currency officially forked creating Bitcoin Cash. Bitcoin gold was created when bitcoin forked again in October. And now the SegWit2x fork is looming. Meanwhile, bitcoin continues to hit new record highs. We asked Nolan Bauerle, the director of research at CoinDesk, to come in to help explain what exactly happens when a cryptocurrency splits and whether it undermines the strength of the coin. Read more: http://www.businessinsider.com/sai FACEBOOK: https://www.facebook.com/techinsider TWITTER: https://twitter.com/techinsider INSTAGRAM: https://www.instagram.com/tech_insider/
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Text Comments (99)
Arthur (4 months ago)
...You lost me at "cryptographic keys that move memory"...
wajang1000 (10 months ago)
WTF, this is tribal language much like what the derivatives traders used back in the 80s and 90s.
URSSAF (11 months ago)
He doesn't really listen to the object of the question, does he ? :/
MrSouzacintia (11 months ago)
https://getcryptotab.com/293915 bitcoin free, you can have one per month just by installing the extension to google chrome
Armin M (11 months ago)
https://t.me/bitcoinclean coming fork to watch Tuesday, April 18th, 2018, 4:30 am (UTC)
mrdave2112 (1 year ago)
He can't give you a direct answer; only analogies of bull crap. People didn't want to believe bitconnect was a scam either.
Saurabh Chhabra (1 year ago)
What are Cryptocurrency Forks?- Everything You Need to Know about Hard Fork and Soft Fork https://coingape.com/what-are-cryptocurrency-forks/
RoIIingStoned (1 year ago)
The difference is; gold doesn’t fork and turn into different realities (or elements). In my opinion, these forks don’t strengthen bitcoin but show faults in design
DisposableFox (1 year ago)
this is a great explanation
Amazing Videos (1 year ago)
check out www.binance.com/?ref=18693833 there you can buy some coins.
Tanya dsouza (1 year ago)
After Bitcoin forking, we have the MoneroV, what next?
King Range (1 year ago)
SO what exchanges we should Keep our BTC or Wallets ? I heard in this video says even if we put in hardware/ offline Key, we still get the double? Suggestions ?
Toshin Raizen (1 year ago)
Im fucked up. I only understand dont block the driveway.
dimmu dimmu (1 year ago)
I knew that coke is Always better
Paul Capestany (1 year ago)
This video is incorrect. Miners don’t decide everything.
Adib Steven Shams (1 year ago)
This guy explained it like shit
Baloch Anderson (1 year ago)
The results of the software speaks for itself...just as promised, *4BitcoinMoney .Com* I made over $300 every single day. Do I really need to say more?
Johnny Tsunami (1 year ago)
All the “blockchain experts” sound exactly the same when they talk... brutal
ΜΟΛΩΝ ΛΑΒΕ (1 year ago)
There printing new currency out of thin air.. hmmm .. Sounds familiar ??
Sebastian Luna (1 year ago)
Forks break the 2 basic principles of Crypto Currencies: They are now Centralizing the Coin (Miners are now the ones with the control) and basically Cloning coins that makes them more profit... like good old bankers. Miners should adapt to the challenges that the coin brings just like real Gold miners battle nature. Bitcoin is based on many characteristics of Gold. At least they shouldn't be able to use bitcoin on the name of the new coin because that is what it is just a new coin.
DarkoTaurus (1 year ago)
my cats get poisoned pls donate BTC: 17BazwY5XR5FcPhVyRi2zwPtCYKR5T8QfZ
Mark Snizhinsky (1 year ago)
only Bitcoin BTC Is the REAL Bitcoin the comunity will not acept other...Bitcoin Trash (cash ) sucks and Bitcoin Gold are only altcoins ...
jim jones (1 year ago)
The thumbnail is miss leading
Dr. Michael Hecker (1 year ago)
That was actually really freaking helpful and straightforward
Gurkirpa Sarao (1 year ago)
Ykrazoj ykrazoj (1 year ago)
Hard to get Bitconnect referral??? Join our Bitconnect Chain Community A.K.A BITHUB, we make referall grow under you. No Buddy Left Behind! https://www.facebook.com/groups/111957159506531/ https://www.youtube.com/watch?v=w_MJIqnlsSQ
MyNegativeCreep (1 year ago)
So Bitcoin Cash is a fork? Bitcoin Gold is a Fork?
Deep Space (1 year ago)
Novak Svrkota (1 year ago)
Lol cancelled!
MartyanMusic (1 year ago)
The Bitcoin split/hardfork just been delayed. I would advise you to look at Ethereum instead.
The question is I'm having 1 bitcoin, will i get 1 other coin when of the new forked form or it'll be equally divided. Any one please answer my question. Thanks in advance.
Shorn Sheep (1 year ago)
Sparticus coin is the true coin (and so is his wife.)
ALPHA IC1 (1 year ago)
This is like someone from medieval times listening in on a conversation in an Apple 🍎 board meeting
Hans Frank (1 year ago)
There is no way the (((Central Banks))) are not heavily invested in the crypto's with their imaginary money. What is their downside? They can just print and swap until they control them. Swimming with sharks.
Hugh Jackman (1 year ago)
Tackleqb they are going to have to get involved because dollar has no value.
Tackleqb (1 year ago)
let them buy bitcoin and watch the price sky rocket ;)
SunTrib Fashion (1 year ago)
After hard fork block size will be double for more transaction. Many online companies will be able to do online transactions and selling
Pure Ryan (1 year ago)
BitConnect is the best!
Tackleqb (1 year ago)
stephen kennedy (1 year ago)
So what is the best overall wallet.? Seems like it would be better to have a wallet that includes forks.. in a sense it seems by having the forks included in your purchases diversifies you more making your overall investment safer or am I incorrect?
XRPCEO (1 year ago)
Just came across this ICO newsletter. Hopefully, they can cut down on all the time I spend on token research http://tokenbaby.com
Andy Raman (1 year ago)
thank you for these wonderful videos on bitcoin
Charles Lim (1 year ago)
I'd like to see and hold my money rather than investing it to Bitcoin and never see or hold my money again, plus it's a computerised currency and hacking is inevitable
Jaswanth Chadalavada (1 year ago)
Fork doesn't create 2 new chains, it just create one new chain. The thumbnail is insanely wrong.
SiGHT SMaSH (1 year ago)
Sale kuch samaj nahi Aya hai
Andood James (1 year ago)
Just A Bitcoin Bum Trying To Pay Rent! 1C47k5qbud7nkYxLiJsiNJMcBdwmjTwgrk
Alamin Aloy (1 year ago)
It's Clear BTCHEAT is not legit site Watch this video and know more https://www.youtube.com/watch?v=DhAVBpH_qjk&t=83s
Lazar Otasevic (1 year ago)
its money printing out of thin air
Denzel Disk (8 months ago)
Lazar Otasevic Because USD is not printed out of thin air?
Tackleqb (1 year ago)
looks like someone doesnt understand how money works
Lazar Otasevic (1 year ago)
John Carter worse
John Carter (1 year ago)
Lazar Otasevic Oh, you mean like the Federal Reserve?
NolaNolan KEEFER (1 year ago)
You want to double your amount safe and fast? Check this: https://plus.google.com/101039665522734872035/posts/F3QtTWoeGeb
manuel mattson (1 year ago)
You are my new best friend
clapp schreiber (1 year ago)
OMFG! Thank you very much
BULLINS Moises (1 year ago)
hahaha it works. great share mate
Haikal Fauzee (1 year ago)
Zander bam (1 year ago)
You get both... if you had a bitcoin before a fork you get both. That was the answer.
Lazar Otasevic (1 year ago)
Zander bam free coins out of thin air
Aaron Timberlake (1 year ago)
"Bitcoin Cash" (BCash) is a scam when they claim to be the real Bitcoin. They forked to 8MB and they can't even fill 100kb blocks. THERE'S NO DEMAND FOR BIGGER BLOCKS. Bitcoin is digital gold, nobody cares about BCash to store actual wealth. The bigger the blocks = the more centralized the network becomes since less and less people can run full validating nodes. For some reason most retards don't mention this simple fact. Buy BTC and DUMP ALL FORKS! enjoy free money.
Future Man (1 year ago)
This sounds like a buch of kids drawing money then arguing whos has the better drawing. Economics is retarded as always and its always going to be folks that dont want to roll up their sleves and do some real god damn work.
Mark Snizhinsky (1 year ago)
you are Right !
MineAllDayAllNight (1 year ago)
There is demand for bigger blocks, that demand exists on Bitcoin (where blocks are full) though not on Bitcoin Cash (where they're next to empty).
BinHexOctal (1 year ago)
Bitcoin Cash is the REAL Bitcoin...wait for it...
Tony Jah (1 year ago)
Bitcoin Cash is meant to be a global payment system on the blockchain as originally created. That's not going to happen with the old network capped a 1 mb run by a network with a decade old hardware doomed to never be improved. A global payment network is going to happen and no one has to ask for your permission. Deal with it.
shotech1 (1 year ago)
noting last forever
Haikal Fauzee (1 year ago)
we can change the future
Norman Rodriguez (1 year ago)
Why make something so difficult??? My life is difficult as it is, no need to make it more 😭
Badboy DCX (1 year ago)
Bitcoin Millionaires are *NERDS*
cheeseburger (1 year ago)
internweb (1 year ago)
the value of bitcoin will always increased time by time. if you have much money better to invest in bitcoin. for now 1 BTC = 7033.61 USD if you buy 1 BTC and hold it until December 2017 the value could be raised to the 8k USD when you sell it on dec you get profit 1k USD
internweb (1 year ago)
@tanya i don't know but monero (XMR) is legit coin to hold since anonymity will be the next trend in this field
Tanya dsouza (1 year ago)
Do you know how many tokes will the MoneroV fork give us?Kindly help.
internweb (1 year ago)
i wish the price drop to $0,.5 so i can bought much and to the moon
TΛZΞR (1 year ago)
Aljosha23 (1 year ago)
its 13k.
MosjosB (1 year ago)
If you want to get rich buy Groestlcoin goodluck
syk (1 year ago)
hahahha it was a pump and dump
Ilsunny Lo (1 year ago)
Bitcoin crash soon
Arthur (4 months ago)
... actually
Tackleqb (1 year ago)
You wish
Ilsunny Lo nope
Smita Mishra (1 year ago)
I want to bitcoin....😍😍
José Pedro de Sousa how to buy?
José Pedro de Sousa (1 year ago)
just buy it, like... now... just do it... really... serious, stop reading this and buy it, you can thank me latter
Maulana X (1 year ago)
I understand some of those words
Manchete Silva (1 year ago)
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Art Design (1 year ago)
Shino is underrated (1 year ago)
so what is bitcoin fork?
Rob Str something that will fuck your bitcoin
Emerald Forge (1 year ago)
Surge Saber (1 year ago)
Bitcoin is scam stay away from this fantasy No government recognise this currency legal. Some countries do but in very controlled way.
Jay Puyenbroeck (4 months ago)
Yeah ok whatever
itzWyatt (1 year ago)
Iconoclast, kind of hard to use bitcoin without internet... something the government can control..
Surge Saber (1 year ago)
Neither commodity, nor currency  The lack of clarity about its origin is another big issue related to bitcoin. In olden days, highly priced metals like gold, silver, etc. were used as currencies. Then came currencies printed by governments (or central banks) and these are called ‘fiat currencies’. Though its proponents claim that cryptocurrency is ‘mined’ using complex mathematical formulae, they are reluctant to call it a commodity. They also claim that it is not controlled by any government and so, it is ‘democratic’. Therefore, cryptocurrencies don’t fall into the ‘currency’ category either. “It can be very risky for businesses, industry and people to trade or invest in bitcoins as it is just a formula, not backed by any tangible asset, but by sheer demand.
Suck they dont understand what fiat money is. By the logic fiat money can be created and grow. Bitcoin is limited and its your own bank. Like cloud bank unlike the paper shit.
Tackleqb (1 year ago)
Joe "legal tender" doesnt mean shit. Fiat currencies aren't backed by nothing and the fed has inflated and destroyed 99% of the dollar's value since 1913. This is why prices have sky rocketed over the past century. Government cannot ban bitcoin because its an open source ledger which means nobody can tamper with its code. So lets see here... shall I chose a government, worthless, fiat ponzi scheme called the US dollar or a mathematical, un-hackable piece of code that can never be forged and is secured by blockchain technology? hmmm ya I will take bitcoin but thanks for your insight.
Fat (1 year ago)
Hi guys lol who wanna donate me some bitcoin Oy m8 pls
Unseen Kind (1 year ago)
Abdullah Sabith (1 year ago)
My birthday Can I get at least 2 likes
Tackleqb (1 year ago)
should have left your bitcoin address
RM 98 (1 year ago)
Happy birthday m8
Beerus Hakai (1 year ago)
Abdullah Sabith happy birthday 🎊🎊🎇🎆🎉🎂🎂🎈🎈
Adi 149 (1 year ago)
Abdullah Sabith happy birthday from Aditya Technology channel.
Specs Maniac (1 year ago)
Nice video really informative
sinister geek (1 year ago)
David Samuel (1 year ago)
Poppy is pao pao (1 year ago)
Zurriel Anciado (1 year ago)
Roshan shaikh (1 year ago)
Aman (1 year ago)
meme youyou (1 year ago)
Real mature
Manchete Silva (1 year ago)
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RM 98 (1 year ago)
Aman The real 1st

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