A fork doesn't necessarily mean inflation - just look at the Bitcoin Cash and Bitcoin Gold forks. Their value is nowhere near the original Bitcoin. But Bitcoin Cash is an improvement over "medium of exchange", while Bitcoin Gold is an improvement over mining coins.
The fork is about improvement in the software. If a fork improves a coin, people could switch to the new coin, make it more popular, and challenge the original for price and popularity. Look at Ethereum Classic and Ethereum. If Litecoin Cash behaves like Bitcoin Cash, all the better for the community.
It is in the spirit of competition to a larger, already-established player. This is free market; yes, the LCC team is obviously using LTC's good name and forking without LTC's permission to make a new coin. This is possible with blockchain technology. Forking this way encourages the original to improve themselves or get bypassed by a new player without all the advertisement FUD and lawsuits.
Wouldn't you love to see Microsoft forked like this on their software packages? Or for an independent game programmer to fork a well-established game with modifications to make the game better, or have a different theme that the original game producers simply refuse to implement for their own reasons?
Hey said cryptos have no inflation, how about forks, more inflation than any fiat currency.
A fork doesn't necessarily mean inflation - just look at the Bitcoin Cash and Bitcoin Gold forks. Their value is nowhere near the original Bitcoin. But Bitcoin Cash is an improvement over "medium of exchange", while Bitcoin Gold is an improvement over mining coins.
The fork is about improvement in the software. If a fork improves a coin, people could switch to the new coin, make it more popular, and challenge the original for price and popularity. Look at Ethereum Classic and Ethereum. If Litecoin Cash behaves like Bitcoin Cash, all the better for the community.
I'm very interested in seeing where this thing is going! I still think that litecoin will be way better though! Also if you'd like a free follow check out this post: https://steemit.com/bitcoin/@cryptodj99/give-a-follow-get-a-follow-free-follow
It has nothing to do with Litecoin except that the team of Litecoin Cash are huge fans of Litecoin ! Anyways do your own reasearch & play safe
It is in the spirit of competition to a larger, already-established player. This is free market; yes, the LCC team is obviously using LTC's good name and forking without LTC's permission to make a new coin. This is possible with blockchain technology. Forking this way encourages the original to improve themselves or get bypassed by a new player without all the advertisement FUD and lawsuits.
Wouldn't you love to see Microsoft forked like this on their software packages? Or for an independent game programmer to fork a well-established game with modifications to make the game better, or have a different theme that the original game producers simply refuse to implement for their own reasons?
very well analysed @jhpace1 ! You changed my perspective for good , Thnx!