Topic: [2017-08-02] Why a Bitcoin Fork Is Not a 'Stock Split' (Read 2851 times)
it's more like someone copied the stock certificates and then trade the copies.
It's probably a natural progression for language that has been transferring between crypto and traditional finance. This is especially evident in trading, with a lot of TA analysis barely recognisable from forex. Headlines still use "Bitcoin boss" to describe CEOs of exchanges, and crypto uses "arbitrage" and "assets" more readily.
Why a Bitcoin Fork Is Not a 'Stock Split'
If you've been following the bitcoin fork drama this week, you may have heard the term "stock split" thrown around in interviews with "experts."
Before we get to the problems here, it's true that there are now two publicly traded bitcoin assets, bearing similar names with similar value propositions. They even appear side by side on some major exchanges.
The impulse to use existing terminology as a metaphor to refer to emerging technology is understandable. In fact, it can be incredibly helpful to use existing mental models as a metaphor for things we don't quite have our heads around just yet.
https://www.coindesk.com/bitcoin-fork-not-stock-split/
If you've been following the bitcoin fork drama this week, you may have heard the term "stock split" thrown around in interviews with "experts."
Before we get to the problems here, it's true that there are now two publicly traded bitcoin assets, bearing similar names with similar value propositions. They even appear side by side on some major exchanges.
The impulse to use existing terminology as a metaphor to refer to emerging technology is understandable. In fact, it can be incredibly helpful to use existing mental models as a metaphor for things we don't quite have our heads around just yet.
https://www.coindesk.com/bitcoin-fork-not-stock-split/
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