Forking — Feature? Bug?
Since I started in crypto in 2013, I've seen this trend where people take a small community and make it smaller under the guise of a fork.
Bitcoin → BitcoinSV, Bitcoin Private, Bitcoin Cash, Bitcoin, Bitcoin Gold, Bitcoin Unlimited + more
Ethereum → BSC, Avalanche, Polygon + 1000 others at this point
I've seen so many great ideas and builders die out because someone thought "I'll fork it, I can run it better"...
The ONLY times I've seen forks work are when they undo some economic catastrophe that the majority of the network agrees was a mistake.
Examples:
• Bitcoin: August 15, 2010 (Block 74,638) - 184,467,440,737 BTC were minted out of thin air because Bitcoin didn't have buffer underflow protection. They rolled the chain back undoing the bug.
• Ethereum: July 20, 2016 (Block 1,920,000) - TheDAO hack where 3,600,000 ETH was stolen due to a recursive bug in TheDAO contract allowing draining of the protocol. They undid the hack, gave people their money back and Ethereum kept on running.
• Solana: Everyday in 2022
There are too many chains, too many dexes, too many wallets, too many bridges, too many everything. We need to start putting things together instead of taking them apart.