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A comment on The first Bitcoin Cash block has been mined. Parent comment

Re:The first Bitcoin Cash block has been mined by Taek on Tuesday August 01, 2017 @04:10PM (#14904813)
No, not quite. It's like having $25 in your wallet in USD, and then next time you look at your wallet you have $25 in USD and also $25 in USD-different. Then you go to the store and find out they only accept USD, and not USD-different, but if you go to a currency exchange you can trade your USD-different for $1 or $2 in USD each.

Not a great analogy I guess, but the point is that it's definitely not the same as having a new denomination of currency. It's a whole new currency entirely, it's just that everyone who had Bitcoin was "granted" (sorta) this new currency too, in the same volume that they had the old currency.

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Re:The first Bitcoin Cash block has been mined by sixdimensional on Tuesday August 01, 2017 @05:03PM (#14905291)
I understand - thank you for sharing!

I find it interesting that the two split and then essentially float as different currencies at different rates. Surely, there will be some inter-relationship between them as well.

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