A silly explaination of how the various bitcoin forks are not inflationary.

The introduction of new currency leads to a devaluation of the currency and price inflation. In the case of, let's say, bitcoin the chain splits aren't introducing new currency into the bitcoin chain, they are trying to leverage bitcoin's network effect (number of holders) and brand by creating a whole new form of currency and handing it out (usually after printing a bunch of it for themselves first). In a Fiat sense it would be like one day your bank tells you there's a fiat fork and you discover that you have your bank balance + a seperate balance of unicorn rainbow farts .
The two don't have the same value and to start with nowhere will accept unicorn rainbow farts at face value. Effectively you've been given free unicorn ranbow farts but the market has to decide whether they are of any use, so there is price discovery (through market valuation) and service providers actually accepting it.
Now there will be people who violently and fanatically demand that rainbow unicorn farts are The Real Dollar and those who say that rainbow unicorn farts are not worth the snowflake tears used to print them but ultimately the market doesn't care about ideology.
If people can trade with unicorn ranbow farts, they will. The only effect is that the marketplace as a whole now has more options.
When there's nobody with an army, police force or regulations to enforce what constitutes money, anything can be money.
If people are prepared to swap 5 old dollars for 1 rainbow unicorn fart then that's how much it is worth. If people use rainbow unicorn farts to line their birdcage, then that's what they're worth.
The difference between the fiat world and the crypto world is that for proof of work crypto, there is a high cost to mine new coins and the miners have to cover their costs and make profit, they'll go where the money is.

Question from the audience: Wait, are Unicorn Rainbow Farts (URF) the real deal, or Rainbow Unicorn Farts (RUF)? You used them interchangeably...

My answer: My apologies, the URF was a chainsplit from the RUF with larger pictures of unicorns. This made them more appealing to certain demographics and led to the great unicorn rainbow fart bull run of 2024.