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.

Well, but how this differs from creating just another altcoin? You can create hundreds of them but it will not change the limit of Bitcoin's overall supply which is 21 million.

You can create Bitcoin2 and say that this is the same thing as Bitcoin, but will people be buying your Bitcoin2 at $7,000+ per coin? I seriously doubt that.