RE: Bitcoin Cash, ticker already taken?

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Bitcoin Cash, ticker already taken?

in bitcoin •  8 years ago 

I think that if bitcoin really split, it will be only the first sign of its demise comparing to other cryptos. It will slowly loose total market cap.

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It's not technically a split, it's more akin to a sharedrop. It's not like how a normal blockchain fork works. I don't believe that there is a significant majority of users or miners willing to support this chain. It's essentially an altcoin just like litecoin, but has 8mb blocks and a sharedrop to holders.