https://www.investopedia.com/news/bitcoin-gold-now-live/?partner=YahooSA&yptr=yahoo
We did warn about such splitting developments in our previous post.
https://sg-stock.blogspot.sg/2017/08/death-knell-for-virtual-currency-is.html
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2 comments:
Hi Eric,
Misread your post and retracted my previous comment.
I would like to point out that anyone can fork Bitcoin since the code is open source, and many people have. Even Litecoin is a fork of Bitcoin.
With the market valuing a "Bitcoin Gold" as worth only 2-3% of an "original Bitcoin", I think it is safe to say that forking is not really an issue.
The Bitcoin Cash fork has decided to retain the Bitcoin branding in its name and they control a large number of miners, therefore their fork is a very unique case compared to the rest.
Bitcoin has significantly increased in price since the Bitcoin Cash fork (+130%) and have shrugged off the Bitcoin Gold fork as a non-event.
Bitcoin and Litecoin are just derivatives of the blockchain technology which is an open distributed ledger. There will be many derivatives of the blockchain technology and they'll definitely cannibalize each other.
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