Post
Topic
Board Economics
Re: Forking Dilemma:The ticking time bomb that will render cryptos untenable...
by
pooya87
on 17/08/2017, 03:06:53 UTC
First, there is a total of just over 200 currencies around the world, while there are already 1000s of different cryptocurrencies (imagine 1000s of different forked versions which are forked further). 
i have a laser printer at home and some simple A4 papers. i design some pretty square image and write a number on top right corner of it and then start printing it.
if you think what i just printed is a "currency" like what USD, ... are then yes there are 1000s of different cryptocurrencies.

Quote
Cryptocurrencies should face the same market forces. While people may view Bitcoin cash as valuable and as it stands, it seems that a correction did not happen, the cryptocurrency community should treat forks of coins with the contempt they deserve.  When BCH was created out of thin air, its value should have been 0.001$ but instead, the market valued it at $700 and now its about $300. Holders of bitcoin were rewarded new valuable currency as though it were largess. The next cryptocurrency fork should be treated harshly especially if it’s a further BTC split.
they are treated harshly the same way most altcoins are treated.
this has nothing to do with their prices, it is all the economy that never switches over. you are talking about "currency" in this topic and that means when they are being treated harshly!
when no merchant, services, payment processor,... even considers using any of these altcoins that proves they are useless.

the price is just for speculators wanting to make more money ($$$) out of it. the market is easily manipulated too and there are people who are still hopeful that BCC reaches the same price as BTC so they they are hodling!

and in my opinion it is a decentralized and free market we can not and should not tell others what they can or can not do.