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Anyone possessing the private keys to a Bitcoin balance in the blockchain before each fork automatically owns an equal balance in each forked blockchain.
by cs702 9y ago
Anyone possessing the private keys to a Bitcoin balance in the blockchain before each fork automatically owns an equal balance in each forked blockchain.
- invalidusernam3 9y agoWhich in most cases doesn't really matter since the forked value is pretty much zero (except for the occasional rare ones like BCH)
- kakarot 9y agoBCH retained value because it represented a large portion of the community, and the goal was a soft fork rather than a hard fork so quite a few people participated in the switch. That kind of thing will happen less and less each time a large, informed group of people leave BTC, till all you are left with is a fool's market.
- makomk 9y agoIt also helped that the portion of the community BCH represented included the owner of bitcoin.com and a few of the other major sites and services. (Also one of the major mining hardware providers, though I'm not sure how well that worked out - they forced miners to use it for hardware purchases at a time when it was borderline-unusable, which can't have left a good impression.)