Re: Will Bitcoin spinoffs devalue Bitcoin over the long term?
What makes them different is their approach to scalability.
Just because someone makes a claim doesn't mean it is true. For example bcash block size is 0.15 bitcoin block size, in other words they didn't scale shit.Quote
Every Bitcoin fork that is created, essentially multiplies Bitcoin's total supply two or three times its size.
Wrong.If I print US dollars on my printer do I increase US dollar's total supply?
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This is sort of a double spend (although not in a direct manner).
No it is not.Quote
Imagine if we had 10 Bitcoin spinoffs, that means the supply will increase to 210,000!
Wrong again. Imagine your own signature campaign that is paying you in bitcoin, if they pay you the same amount in bcash (that is 0.0022 bcash) would you accept it? Now you see how ridiculous your claims look?
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I'd bet if the Bitcoin Cash hard fork didn't happen, we'd still have only one Bitcoin (BTC) with a price higher than today.
That can be said about any shitcoin that has been created so far. Do you think Dash hasn't claimed to be "better bitcoin" a hundred times? Because it has.Quote
Do you think Bitcoin-based forks (spinoffs) will devalue the original Bitcoin (BTC) over the long term? If not, why? Don't we have too many forks already? Your input will be greatly appreciated. Thanks. 
In short term they can always cause some drama, like they did back in 2017 when bcash was mining thousands of blocks per day, but at the end of the day they are still considered shitcoins and in long run their prices will always keep going down so nobody cares about what they do.