So bitcoin had yet another split again today . some anonymous group created Bitcoin Diamond. It was created for with aims to switch from proof of work to proof of stake. Bitcoin Diamond has a maximum of 4.2 billion coins. Every time there's a split it pushed the price of bitcoin along with the older forked version's prices higher. I'm begining to wonder if splits are done for ulterior motives. What do you think?
you can read more on Coin telegraph below.
Suberg, William. " Bitcoin Gold or Comedy Gold? Bitcoin Diamond Launches with 4.2 bln Coins". Coin Telegraph. 24th November 2017. https://cointelegraph.com/news/bitcoin-gold-or-comedy-gold-bitcoin-diamond-launches-with-42-bln-coins
#bitcoinsplit #bitcoindiamond #bitcoin
Yes it seems splits are done to push the price higher and not for any necessary technical advantage.
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Ain't that something?
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