Re: Where does the money come from?
I don't mean where does the value of the bitcoin come from, I mean where does the cash come from.
We have the original bitcoin which is (probably) backed up with real world cash. Along comes the split and a new bitcoin is formed at about 10% of the value of the original. The original is backed up with real cash, so if you use that bitcoin to buy a Fiat the dealer can get the cash, if you used the forked bitcoin, where is the cash to pay the dealer? Where is the cash coming from?
As far as I can tell, when the fork happened it was "okay, you now have bitcoins with a real world value of 10 million" without removing the cash from original bitcoin into forked bitcoin, they just said "here it is, spend it however you like"
Biting the hand that feeds IT
