Bitcoin Fork Points to Consider
There’s been some panic lately over the various “forks” of the Bitcoin network, particularly among the less tech-savvy who hear inaccurate or incomplete news on the mainstream media. It’s important to clear up some confusion, because there are more so-called “forks” coming.
First, the most important thing to know is this: there will only ever be 21 mln Bitcoin in existence. Period. End of story.
There have been and will continue to be currencies that fork from the Bitcoin network, taking with them a full snapshot of the network up until that point. Yet there’s still only one Bitcoin. Bitcoin Cash, Bitcoin Gold, Bitcoin-anything-else, none of them have interoperability with the real Bitcoin network.
Bitcoin skeptics have been telling people that with the Bitcoin Cash fork, there will now be 42 mln Bitcoin in existence. It won’t be long before they start claiming that with the upcoming Bitcoin Gold fork, there will ultimately be 63 mln coins in existence. This is complete falsehood.
"Should we take the our alt coins and convert it to BTC to take advantage of the split and get BTG?"
I think that is a bad option. You will sell for cheap and you will buy it back paying more. People are greedy about the fork and you should take adavantage of that. Jus buy some cheap Alt coins while you can get them cheap
A valid point! Steem is low now. BUY STEEM!
I wish there was a stand alone Steem wallet to make sending to people and receiving and checking easy. Much faster and cheaper than BTC.