Quote from: freightjoe on November 19, 2017, 12:59:33 PM

Quote from: plr on November 19, 2017, 12:57:45 PM

Quote from: KuromaYoichi on November 19, 2017, 11:45:59 AM

No, the supply is limited. If someone forked bitcoin then it will become a different coin, completely different than the bitcoin itself.

Quote from: freightjoe on November 19, 2017, 11:41:52 AM

Quote from: aso118 on November 19, 2017, 11:38:19 AM

Quote from: freightjoe on November 19, 2017, 11:34:51 AM

The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies )

Th forking (or absence of it) does not effect Bitcoin's supply. At best, you can consider it as a "gift" to all bitcoin holders, which will increase the overall worth. It in no way impacts the overall supply of 21 Mn, which is set in stone.

That is precisely my point. I create "Bitcoin2" by forking. Then I create "Bitcoin3" and so on and so on. In reality what I am doing is issuing more Bitcoin. That I call it a different name does not change the reality.

You create bitcoin A B C or something else but the amount of your original bitcoin is still the same.You are issuing another coin, forked from bitcoin. You can fork bitcoin 10 times but it will be useless if no one support that chain.

I agree with your assessment if that fork did not get enough support they will just be considered as altcoin with the name bitcoin on it, there's only one bitcoin and it's supply is limited and cannot be changed.

You argument si completely flawed, because there clearly is a demand for these altcoins

I think what he means to say by low demand is that it has lack of support from core miners. Like out of the 40-50 miners in the core team just a bunch of them support these parallel bitcoins.