They require that you transfer all your BTC into their wallet. Otherwise no BTD for you.
Fishy as hell!!!
Thats just one way, I received a piece of BTCD just holding a small amount on Yobit. But is anyone here really gonna buy a Bitcoin Fork with 210Million Supply? absurd.
Here we go again guys with another fork, only difference is this time the total coin supply is 210Million and you get 10 Bitcoin Diamonds per Bitcoin you own. Binance already added.
Why are we allowing this to happen as a community? How come we can't just step in and refuse to allow a fork to take place?
How can you "refuse to allow" anything? Anybody is allowed to fork an open source software. If the community is not interested in the fork, they don't need to use it -- simple as that. Unfortunately, the exchanges don't want to miss out on trading commissions, so they'll list anything that will make them money.
The fact is: It's a free market. Exchanges are free to list whatever coins they want. Investors can buy/sell whatever coins they want. Eventually, people will grow tired of these shenanigans and will start to understand that these forks are just cash grabs. And then money will flow back into cryptocurrencies with strong fundamentals, like Bitcoin. Newbie investors who wanted to get in on "the next Bitcoin" are going to get fleeced and lose a lot of money.
Why do we need another fork? I think there is enough coins to buy
Because the Bitcoin Diamond "developers" want to make some money. And so do exchanges, so they will list it. The funny thing is, I felt like the altcoin market was diluted when there were 200-300 coins. Now there's 1300 and counting. And money still just keeps flowing into the market!
Thats just pathetic, I understand exchanges wanna make some money but how many of these forks do we really need?