Hard Forks: Having more choices in the market is a good thing.

[rogerver]

Many people seem to think that the hard fork is a disaster, but I don’t see it that way at all.
The combined market cap of ETH and ETC was actually greater after the fork than before, so this means that the market valued ETH and ETC more than Ethereum alone.
This means that at the fork no one lost any money, no one was hurt, and the ecosystem now has an additional cryptocurrency to choose from.
These all sound like a good thing to me, and perhaps it is the best option for Bitcoin going forward. If Bitcoin forks, all camps will have the bitcoin that they think is best, and eventually the market will decide which one is more useful.
Having more choices in the market is a good thing.

[iFixBTCmemoryIssues]

Many people seem to think that the hard fork is a disaster, but I don’t see it that way at all.
The combined market cap of ETH and ETC was actually greater after the fork than before, so this means that the market valued ETH and ETC more than Ethereum alone.
This means that at the fork no one lost any money, no one was hurt, and the ecosystem now has an additional cryptocurrency to choose from.
These all sound like a good thing to me, and perhaps it is the best option for Bitcoin going forward. If Bitcoin forks, all camps will have the bitcoin that they think is best, and eventually the market will decide which one is more useful.
Having more choices in the market is a good thing.

Agreed!!!!!!!

Let's fork and continue building businesses to add real stability to Bitcoin!!!!!!!!!

[kingscrown]

I were longing ETC all time - well i still am but possibly BFX has closed this and fucked me up...

[rizzlarolla]

Many people seem to think that the hard fork is a disaster, but I don’t see it that way at all.
The combined market cap of ETH and ETC was actually greater after the fork than before, so this means that the market valued ETH and ETC more than Ethereum alone.
This means that at the fork no one lost any money, no one was hurt, and the ecosystem now has an additional cryptocurrency to choose from.
These all sound like a good thing to me, and perhaps it is the best option for Bitcoin going forward. If Bitcoin forks, all camps will have the bitcoin that they think is best, and eventually the market will decide which one is more useful.
Having more choices in the market is a good thing.

I'm a bit taken aback with your evaluation.
Eth has a totally different block time and Difficulty and difficulty adjustment.
That makes it very easy for Eth to have two, or many more, viable chains. (even with very different hash power on each chain)
Not so in Bitcoin?

A large part of the reason Bitcoin has a 10 minute block time combined with difficulty, is to give security against multiple viable chains.
If Bitcoin hard forks in the way it was designed, only one chain will survive. Both camps will not have their own separate Bitcoin.

The market will not decide, the hash power will. The market will be forced to follow the longest chain.
Hash power consensus hard fork will leave the loosing chain in a state of log-jam for many months. It will be truly unusable.
(even without all the possible attacks)

It will not be possible for the second chain to have any value. (bar novelty)
With 80% hash consensus to mine bigger blocks, the 20% chain will only mine 1.25 blocks per hour.
In this block size hard fork, the 20% chain will be Core 1mb. (or the fork would have not happened)

Core 1mb mining 1.25 blocks per hour (4000 tx p/h) for months and months, verses a bigger block mining 4.75 blocks per hour (24,000 tx, p/h at 2 mb - more tx than possible now at 1mb) for two weeks before back to 6 blocks p/h.

How are users going to choose which chain? (they can't unless core do something to enable that)
Broadcast tx's will be mined by the bigger block chain, the mempool will be empty. Bitcoin will be working fine.

A Bitcoin hard fork needs a decent level of hash power consensus.
There can not be 2 Bitcoins. One chain must lose. Sorry.

It is hard to hard fork Bitcoin. That ensures changes are really needed.
A block size increase is (or was when we hpoed for bitcoin adoption) really needed.
The miners need to decide, and let us know if they are Going to continue stifling Bitcoin with Core for the foreseeable.