I originally thought it wasnt good for bitcoin but now I am re thinking that because of how everybody functions when these forks come around. Everybody wants the free money but what they dont realize is the rest of the
industry gets hurt and the overall image gets damaged when this happens. If I had my way I would abolish these useless forks they are a big money grab by a small group of greedy people, at least thats how it seems to me
Creating free money out of thin air is kind of an issue here. But I think that these additional strains won't survive long, it will be alway pump&dump scenario.
I, too, think that there should be some kind of forkin law, for now, it seems that forking bitcoin is too easy, you can do it even if you have a dubious codebase, no real developers and no plan.
Like in the case of Bitcoin Gold - this coin is so amateurish that is is even painful to watch how people will be dumping it like crazy soon.