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RE: Will History Repeat Itself with the Bitcoin Gold Hard Fork? 200 SBD CONTEST GIVEAWAY
What happened with bitcoin gold was that money was created out of thin air, or at least that was the perception. The first fork was bad enough, now we have a second one coming. The main reason I was attracted to bitcoin in the first place was the limited supply. In 10 days we will have 3 versions of it.
@tytran That's so true! I had thought about the fact that it seems like a way for the developers of the new coin to get rich fast but I hadn't thought about the simple fact that the price of bitcoin rises due to demand outweighing inflation (partly). The more bitcoin forks we have, the less demand for each one. Hopefully people will quickly realise this issue and forget the new coin. Of course it becomes difficult when there is a large divide wanting to commit to the differing coins due to controversial updates.