What a bitcoin fork actually is

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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

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Comments

Games Games says:

Peercoin, no shill. Look into it.

strix mix says:

I'm taking food for my family from Poland, for Christmas. Surely this money will be given to this family. They are disabled and need medication because they have a pension for a low of about 300GBP for two people a month. Please help them I helped them in the amount of $ 30 … Give a bitcoin help: 1ELaJAP6cLSTNUknYksLfqsGyX4aNyW1zm
100% of this money will be spent on this purpose.

Zander bam says:

You get both… if you had a bitcoin before a fork you get both. That was the answer.

Aaron Timberlake says:

"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.

shotech1 says:

noting last forever

Norm Rodd says:

Why make something so difficult??? My life is difficult as it is, no need to make it more 😭

Badboy DCX says:

Bitcoin Millionaires are NERDS

ZAP says:

fsfsfdsfesfsdf

internweb says:

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

MosjosB says:

If you want to get rich buy Groestlcoin goodluck

Godbless America says:

If my dollar is stolen from the bank, I can catch the bank manager, but if my BTC is stolen who shall I held responsible or how will I get my hard earned value back ? Why they do not have a head office or some responsible officers even after taking tons of values in BTC from the people?

Every country should find out the BTC head office or the responsible people who will assure that they will be responsible for the finance of their own citizens.
Thanks

Ilsunny Lo says:

Bitcoin crash soon

Addicted For Fun says:

1:57 What's Going On ? 1:54 Where it starts on !

Addicted For Fun says:

First full length (6+ minutes ) video from business insider.

Ipsita nayak says:

I want to bitcoin….😍😍

Maulana X says:

I understand some of those words

Rob Str says:

so what is bitcoin fork?

joe .Brown says:

Bitcoin is scam stay away from this fantasy
No government recognise this currency legal.
Some countries do but in very controlled way.

Fat says:

Hi guys lol who wanna donate me some bitcoin Oy m8 pls

Abdullah Sabith says:

My birthday Can I get at least 2 likes

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