It seems no people will cry who dumped their coins at very low price. I believe this coin will grow more healthy and will take 2nd position in market and after this another fork will happen. This is game of profit where all people making free money.
What I don't understand is that this new coin now has a market capitalization of 8 Billion right now and it came out of thin air no BTC was lost to get this valuation
how does it really work any article on on the mathematics / economics or is it really free money for who ... who gets money they ones that already hold some btc ?
so how did those 16,482,113 BCH came in to existence with the first mining of the first block ?
who owns this BCH as I understand they existed in BTC but what about BCH ?
It's like a spinoff from a corporation. You cut out a piece of the business and give each shareholder of the parent
company shares of the new spinoff company. This results in a smaller parent company so it doesn't come out of nowhere.
The success of the spinoff is determined by the combined market cap of both companies. Unfortunately in this
instance the market cap of BCC/BCH is distorted by the inability to deposit new BCC/BCH to any of the exchanges.
Unlike in the corporate world this spinoff was not firendly. I's actual intent was to replace BTC, essentially becoming
a takeover. The amount of the parent company (BTC) spun off is determined by miners. More miners swicthing to BCC/BCH
means a bigger chunk of BTC capital gets moved to BCC/BCH.
Again the main metric is the sum of both market caps, as long as both are trading freely. Considering the trading situation
of BCC/BCH at this time it's impossible to determine a realistic market cap for it.
determine how big the BCC/BCH piece is.
