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Topic: Will the bitcoin forks erode the trust in bitcoin? (Read 122 times)

legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
Let's take Diamonds as a better example.

Diamonds is one of the hardest materials in world and they are formed from millions of years of geological pressure, and must be extracted from mines deep in the earth.

Then people were introduced to cubic zirconia or moissanite. They are stones that have the same chemical properties of diamonds but were made in a laboratory.

The quality of synthetic diamonds has increased to the point where they have made their way into jewelry stores as gems set in rings, necklaces and earrings.

So, given the history of Diamonds and the difference between the "grown diamonds" and the "real" diamonds, can you see what is happening with Bitcoin now?

On the one hand you have Bitcoin, the real diamond and on the other hand you have the fake diamonds that want to be the "real" diamond.  Wink

The public will have to decide if they want the real Bitcoin or some cheaper fake imitation in the form of Bitcoin Cash or Bitcoin Gold.
legendary
Activity: 1946
Merit: 1137
let me give you an example instead of an answer. there are several famous brands in the world like Nike, Sony,... and people like these companies because their products have been good. Chines have made similar products with similar names like changing "o" into an "a" (Sony, Sany) or something like that with similar logo and everything and sell these as the original product.
do you think these copies (forks of Sony, Nike,...) "eroded" the trust in these companies? and do you think price of the products of these trusted companies fell because there were more supply of their product in the market?!!
newbie
Activity: 74
Merit: 0
The original pitch was that bitcoin is like gold has a storage value.
 But the question that comes to people mind with all the forks happening,
the Gold does not give birth to silver, diamond, platinum, etc ... so why bitcoin is doing so?

BTCBTCBTCBTC


You can not say there are 20 million shares in circulation, then few years later say:
 now there are 20 million shares A and 20 million shares B , and C and D and so on ....
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