Bitcoin Fork Is Nothing to Fear

in #cryptocurrency7 years ago

Over the last week Bitcoin price sunk $600 when people heard news of a possible hard fork. Forks have been affecting cryptocurrency prices since early 2009. After a fork of a currency occurs the currency from then forward exists as two separate currencies.

Even the US dollar forked in 1963 and in 1971. Yet no one abandoned the dollar. Forks are nothing to fear. If anything a fork will make Bitcoin more valuable as the two separate currencies will be used and needed for specific purposes. Creating demand and value.


http://www.FlippyCoin.com is the # 1 Cryptocurrency Exchange!

Sort:  

No, it will devalue both currencies just like it did with Etherium. One will eventually win out. As far as USD "forking", where's the second USD?

If you know anything about capitalism or the central banks.... The USD "fork" was when they started turning federal reserve notes from actual backed value (gold) to basically "it's good for this much, but you don't actually have this asset, it doesn't actually exist. If you owe a debt of this amount, it will be accepted though." The dollar bill you have in your pocket right now is not actually worth anything.. only federal reserve notes are actually backed by gold.. This is all just a part of the big scam. If you haven't been awoken, you should do some research or look into the capitalism or anarchy sections of steemit. There's many articles that explain the federal reserve banking cartel and what they've done to manipulate the value of currency over the years.. They're the original "fork"-ers.

Hey man welcome to steemit! If you want to figure out how to take your steem dollars you earn from posting and buy either bitcoin or cash out for USD check out the post I just made below!

https://steemit.com/cryptocurrency/@joshdurston/don-t-buy-your-cryptocurrency-earn-it-with-steemit-then-flip-it

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 65133.17
ETH 3480.37
USDT 1.00
SBD 2.52