Re:Decentralized Blockchain-Based Electronic Marketplaces
by ufo on Sunday January 14, 2018 @07:08PM
(#16147420)
Bitcoin forks like Bitcoin Cash and Bitcoin Gold use the same block chain history as Bitcoin.
Re:Decentralized Blockchain-Based Electronic Marketplaces
by ThomPete on Monday January 15, 2018 @05:54AM
(#16149789)
You 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.
Re:Decentralized Blockchain-Based Electronic Marketplaces
by ufo on Monday January 15, 2018 @10:55AM
(#16151219)
Of 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.
Re:Decentralized Blockchain-Based Electronic Marketplaces
by ThomPete on Monday January 15, 2018 @11:06AM
(#16151299)
And 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.
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.