I'm still uneasy about the whole forked coin thing. I realize that most of the time (Bitcoin Diamond, Super Bitcoin, Bitcoin Ruby,...) it isn't worth much and there's really no way to trade it or cash out. But with Bitcoin Cash and Bitcoin Gold i still find it strange that 2 billion dollars is created out of thin air.
I usually leave that part out when trying to explain cryptocurrency to someone.
That’s how you can tell the market is irrational. But in more rational times like now, for example when BCH-BSV forked, the sum of their value roughly amounted to pre-fork BCH.
However that being said, since a network’s value is the number of users^2 (metcalfs law) then when coins fork they should in theory be worth *less* together than before the fork.
Just my two cents
Darius510Crypto God | QC: ETH 48, CC 46, GPUMining 352 months ago
All the alts look like crabs in a barrel trying to overtake BTC
o0joshua0oCrypto Expert | QC: CC 28, DOGE 232 months ago
It's like watching a race, with ETH and XRP currently neck and neck. Exciting stuff!