RE: Bitcoin Cash Launched - Stats Up to Now by rustyshackleford

Viewing a response to: @pandorasbox/re-kingscrown-bitcoin-cash-launched-stats-up-to-now-20170802t023810415z

$0.31

I see you don't understand how assets work.

Imagine two identical houses, house A and house B. 

A person buys both houses for $200. 

That person then sells 1 house to someone else for $110. The original person now has $110 and a house worth $110.

Where did the extra $20 come from?

Same deal here with bitcoin.

👍 artakan, benson4, leninquiblat, avance2010, benjixiii

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@pandorasbox · Aug 2 '17

$0.03

I understand that much. I can see how something starts at a certain price and then gets traded up. I have more difficulty, however, with the fact that simply forking a coin makes 12 billion dollars worth of value appear out of thin air.


I mean, let's do this a dozen times over if it's that easy? Who would ever start a _new_ coin if forking Bitcoin is _this_ profitable. The value I think is virtual... It does represent a value, but I don't think there are 12 billion worth of US dollars that can be taken out of Bitcoin Cash.

👍 johnpm75, tenhanger, dunsky

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@lemonado · Aug 3 '17

Thats not the reason at all, you cant deposit BCH on the exchanges yet so the prices will obviously be different, this happens with every coin when one exchange has a wallet not functioning etc.

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