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They'll all continue. Who wants one bubble when you can have three? The last fork resulted in people doubling their coin holdings. Another fork means another
by zzalpha 9y ago
They'll all continue. Who wants one bubble when you can have three? The last fork resulted in people doubling their coin holdings. Another fork means another doubling and people will buy/sell on that chain, too. Once again, the current market participants will by extracting wealth from new market participants.
- wereHamster 9y agoExcept that Bitcoin Cash is pretty much worthless (~300USD) compared to BTC (5500USD). I wish my money had doubled, it's closer to a 5-6% increase instead.
- zzalpha 9y agoTo be pedantic, I said doubling their coin, not doubling their USD equivalent. And who's gonna complain about 5-6% in free gains? And that's assuming speculation doesn't continue to inflate the price of those alternative coins.
- davidgerard 9y agoFull-history forks (or "dividend forks", to give the hot new euphemism) are all the rage. I'm actually surprised in retrospect that it took until 2017 for someone to think of this trick, particularly given ETH vs ETC a whole year before ... https://davidgerard.co.uk/blockchain/2017/10/06/bitcoin-gold-a-new-bitcoin-full-history-fork-on-the-gpu-bitcoin-core-claims-bitcoin-and-btc-names/ https://davidgerard.co.uk/blockchain/2017/10/06/bitcoin-gold...