BCH was created to make a few bit bitcoin owners more money and to allow a mining company to continue to illegally use the patented ASIC Boost which Segwit doesn't allow. BCH now has a group of loyalists who are trying to scam people into believing that it is actually Bitcoin, ya know despite Bitcoin already existing. There is nothing wrong with BCH in and of itself. Its just a fork. No better than hundreds of other altcoins or several other more recent Bitcoin forks, but because it was the first fork the few rich Bitcoin people pushing it have turned it into a crusade for scammers and charlatans to try to trick people by attempting to still the Bitcoin brand. They pump, they dump, they scream and rant and whine. At the end of the day its just another altcoin that the wider market has no reason to adopt over hundreds of other altcoins. If Bitcoin Cash had a different name it'd probably be worth about a tenth of its current value. It's a coin that exists for no other reason that to ride off the coattails of Bitcoin and trick as many people into buying it as possible so the rich bitcoiners who created it can get even richer.
100% correct. Completely fake marketcap you can not split a company in half and then each is worth exactly the same as the whole company before the split up.
When you divorce the two parties dont end up with a house of there own which the shared the day before.
I think you don't know how investing works. First, market cap can't be fake because it's just a computation of two inputs (price and units available) and the only way to have a "fake" marketcap is for either of the inputs to be fake. We know neither are, so it's not a fake marketcap anymore than Bitcoin's is a fake marketcap. Second, companies spin off all the time from previous companies and the two companies separately are worth more in total than the individual company was before the split. The most recent case is when PayPal spun off of eBay and the marketcap of both companies soon was much larger than eBay's marketcap was when it owned PayPal itself. This is because spinning off an entity into its own company unlocks value that might not have been represented when it was a subsidiary of the other company. BCH wasn't owned by BTC, so it's a little different in that respect, but it's by no means strange for a company to be worth substantially more overnight after being spun out into a separate entity.
Personally I have no problem with Ver, Zhuoer or Bitcoin Cash. I just prefer for clarity sake the bitcoin.com domain and everything Bitcoin related is specifically Bitcoin and hope everything Bitcoin Cash is specific to Bitcoin Cash so there is no confusion
Yeah, that's fair. Trying to hijack the name is shady, and not to defend them, but I do believe that they believe they're being more true to the original vision of Satoshi than the current developers, so I think they believe themselves to be the true Bitcoin. It's like when religious sects split off and each side labels the other side as heretics for not being true believers. Looks like the same mentality here by both sides.
