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?
1. No. In most of the cases, it can cause the devaluation of the other currencies.
2. May be 70% to 80% of those who claimed BCH immediately converted their coins to BTC or fiat.
3. The BCH forking/clone/altcoin succeeded because they were backed by a lot of the early adopters and developers. I don't think that the future forks will succeed in receiving that sort of support.