What Is Bitcoin Silver?steemCreated with Sketch.

in cryptocurrency •  7 years ago 

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It is safe to say things are getting incredibly ridiculous in the world of Bitcoin “offspring” right now. Bitcoin Gold is already a big joke as it is. To make matters even worse, we now have a Bitcoin Silver as well.

At this rate, it is only a matter of time before we see a Bitcoin Bronze, Platinum, or who knows what else. Surprisingly, Bitcoin Silver and Bitcoin Gold are pretty similar in certain ways.

While there are many differing opinions regarding the future of Bitcoin, not everyone needs to create his or her own coin to get a point across.

Given the fact that Bitcoin is completely open source, it isn’t entirely surprising to see people take its source code, modify it, and spin it as if it’s a brand new coin. That seems to be happening right now with Bitcoin Gold and Bitcoin Silver.

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I really thought it was a joke. It will stop only when they stop making money.

Great, another fork to keep my eye on. Besides BTC, BTC cash and BTC gold.

It's getting more and more complicated to keep on track with the current developments in the BTC community.

  ·  7 years ago (edited)

Hi @unbeaten, not only do I also think the amount of Bitcoin "offspring" is absurd, the creation of new coins by... anyone... doesn't seem to make crypto assets, as a market, scarce at all! But wasn't that the whole point of Bitcoin to begin with? Its coins being scarce by design?

Or am I missing something completely here?

Personally, this is another altcoin that will not bring anything useful to the table.

I wonder if they'll eventually be able to put a halt to the forks? We can only go on so long before something has to change, right? Let's just hope there's a silver lining to all of these forks in the end...

I have already seen a reference to a Bitcoin Bronze a few days ago. It's absurd. They're not helping anyone but the forkers. Hopefully Bitcoin Gold and Silver fail and put a stop to these ridiculous forks. Then maybe they won't be worth the effort.