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Dumb question, because I'm still trying to grasp bitcoin... Doesn't the recent "split" show that bitcoin still isn't addressing the common need? It still appea

• bluejekyll 9y ago
  This might be wrong, someone correct me if so... I'm thinking of the split that occurred as being nearly if not actually just like a stock or other securities split. In effect some portion of the original security 20% or so left. That reduced the market cap of the original security, and created a new market cap for the new one. Now it's possible the new one could eventually become worth 0 and the original would increase back to it's pre-split. A question this then raises for me, is if you went through this split, would you account for this in capital gains the same way you would with a stock split?
  • revmoo 9y ago
    > That reduced the market cap of the original security Actually it didn't. The BTC market cap has increased since the fork. > would you account for this in capital gains the same way you would with a stock split Stock splits have no effect on capital gains.