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Bitcoin already forked once and magically duplicated the digital assets. I profited quite handsomly as a result. The scarcity is not enforced by the protocol it
by zaphar 6y ago
Bitcoin already forked once and magically duplicated the digital assets. I profited quite handsomly as a result. The scarcity is not enforced by the protocol it's enforced by community agreement.
- selestify 6y agoHow is that different from the USD, the scarcity of which is enforced by the USG?
- mikegreenberg 6y agoDisagree. Bitcoin forked into other tokens, but the original token's guarantees have not changed. The other tokens are free to function independently of one another but there was never a guarantee (by the protocol or agreement) that Bitcoin would be the only token in existence. Your profit was actually made possible by others adopting these other tokens which is entirely external to Bitcoin's protocol or community's desires. And as we've seen with some Bitcoin spinoffs, forking does not guarantee profit.