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by vkou 3237 days ago
People trading BTC for USD seem to think otherwise. The BCH fork had no serious impact on the value of BTC. Holders of BTC are not confident that BCH will be successful.

Yet, if we were to take BCH's $400/coin at face value, then splitting BTC into BCH just created $340 of value, per coin in existence.

If I gave everyone who currently had a US dollar a 'Vkou-dollar', would I have created even a penny of value? What if there was one exchange, where Vkou-dollars were trading at 20 cents (With no liquidity)? Would you accept that valuation uncritically?

If so, I'm looking for a co-founder.

1 comments

Having Big Blockers off on their own chain instead of causing headaches for the Bitcoin legacy chain is probably increases the value of BTC by about 15%, so the math works out. (I'm being a little flippant here, but on a serious note we have no idea how the value of BTC was affected because 15% daily swings aren't something anyone even bats an eye at anymore.)