Post
Topic
Board Altcoin Discussion
Re: How to profitably create Bitcoin forks without causing economic chaos
by
Atom
on 04/08/2011, 18:53:10 UTC
This implies there is a finite amount of value in BTC, and that any fork will neccesarily draw that value away from BTC into the fork. 

any fork will get value the same way BTC did - People buying into it with an existing currency.  That will most likely be USD.

This is only a problem because there are problems funding with USD right now.

As far as relative valuations go, whats the point of having a fork if they trade for exactly the same value?  If you want something to be priced exactly the same as BTC I recommend.... BTC.....

lol

Unless the point here is to create a new "early adopter" gold rush while also guaranteeing against non-adoption (the peg), this is a non-starter