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You are missing the point here. It's about the history of the individual coin not about the technical properties of coin in itself. You can build as many crypt
by ThomPete 9y ago
You are missing the point here. It's about the history of the individual coin not about the technical properties of coin in itself.
You can build as many cryptocurrencies as you want to. They aren't bitcoin as they don't have the history of bitcoin which means that they aren't the same.
Only bitcoin is bitcoin, because only bitcoins has the history they have.
- ufo 9y agoBitcoin forks like Bitcoin Cash and Bitcoin Gold use the same block chain history as Bitcoin.
- ThomPete 9y agoYou are also missing the point here. You can't get the same for bitcoin cash as you can for a bitcoin. So no they don't use or have the same history after the fork and they aren't the same which is why one is 4 times more worth than the other.
- ufo 9y agoOf course you cant get the same for them! It is expected that a fork that creates new coins out of thin air will lead to cheaper coins.
- ThomPete 9y agoAnd so scarcity still exists which was the original point I made and which was being challenged. Each coin has a unique history. You can create as many forks of bitcoin as you want it doesn't change the fact that there is only one bitcoin.