Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Will Bitcoin spinoffs devalue Bitcoin over the long term?
by
Welsh
on 09/07/2021, 22:22:02 UTC
⭐ Merited by BlackHatCoiner (1)
Every Bitcoin fork that is created, essentially multiplies Bitcoin's total supply two or three times its size.
Not entirely accurate, since hard forks when not considered by the consensus to be Bitcoin, aren't Bitcoin. Forking Bitcoin, doesn't mean that its Bitcoin, the same as using the code Bitcoin has, to create a coin with a different name isn't Bitcoin. Its another altcoin.