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by krrrh
3104 days ago
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It’s not like a stock split, but it is like a spinoff. It’s easier to compare it to a company being split into equal parts with roughly similar functions than the spinning off of a smaller division. Conceptually more like the splitting up of Ma Bell, or of ALDI into ALDI Nord and ALDI Süd. The only problem is that there is no entity that can issue a notice on how to assign the basis, which is how things are usually handled in equities. The price of BCH was all over the place immediately after the fork, though for a while the price of BTC+BCH was closer to the old price of BTC than BTC alone was, which is what you’d expect. See this post for an example of a duplicated cap table in an equity market. https://money.stackexchange.com/questions/23176/in-the-event... |
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