They forked BTC and made BCC. This means I had some BCC I never paid for, so I just put it in an exchange and brought some BTC with it. Now, I only had 0.3 BTC but there must be with loads who have a darn sight more and who got a LOT of BCC for nothing. This raises some questions.
- Can it be good for the crypto economy if a load of money suddenly appears out of nowhere?
- How much BCC immediately got converted back into BTC?
- What's to stop people forking again, just to make a killing like this?
Was BCC good or bad in this respect?
As the main chain BTC was forked, it gave rise to Bitcoin Cash as we all know which was attained at 1:1 for holding onto existing Bitcoin. It clearly created a market for another coin with its own cap so you could treat it as any other altcoin but the main difference being the support offered to this new coin.
Yes it does look like money is being created out of nowhere and it very much the situation if at all more forks happen in the future.