Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by ericb on Wednesday May 09, 2018 @01:34PM
(#17031847)
> Provably false. Bitcoin has been forked into multiple chains numerous time, creating many more then 21 million tokens.
This is absurd. You could say the same for the dollar and the canadian dollar. You seem to think a new currency devalues every other currency.
Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by hisabness on Wednesday May 09, 2018 @11:20AM
(#17030498)
i think you're arguing semantics. if most people dont view the forked chain as valid and prefer the original, then a new bitcoin isn't created per se.
Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by UncleMeat on Wednesday May 09, 2018 @01:34PM
(#17031852)
That's why BTC's value went down when BCH forked, right? Even a moderately successful fork will hurt BTC's value.
Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by ric2b on Monday May 14, 2018 @01:45PM
(#17067605)
It actually went up, somehow.
Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by mkirklions on Wednesday May 09, 2018 @11:03AM
(#17030351)
Your original point was correct, you dont understand Bitcoin.
Provably false. Bitcoin has been forked into multiple chains numerous time, creating many more then 21 million tokens. Given that there is no trademark on the term "Bitcoin", some of these forks can rightfully claim themselves to be The True Bitcoin.
In addition, there are thousands of other non-forked blockchains that are nearly identical to bitcoin, save for a few minor configuration changes.
> Bitcoin is rare and digital.
Absolutely false. Bitcoin is digital and infinitely creditable. This has been proven over and over again.