Yeah. I fail to see how it could even be true on a conceptual level.
If it were true, what would happen on that day, or probably a few days prior, is that there would be many new Bitcoin forks that use the same transaction history (and thus the same balances) as Bitcoin. After possibly a short scramble and chaos, one or potentially multiple of those forks would then be seen as the Bitcoin while the rest fade to obscurity.
Cryptocurrencies, especially big ones, fork all the time. All it takes is an individual who wants to make a fork. Yes, that means if you have any currency on that chain before the fork, you’ll have that same amount on both currencies after the fork. In the rare case where both blockchains after the fork hold any value/respect though, this gets EXTREMELY funny if someone had an NFT on that chain before the fork. Now they have two NFTs (one on each side of the split) and could sell them to separate people, or keep one and sell one, etc.
For clarity: when I wrote “fork” above I was talking about “hard forks” specifically.
Yeah. I fail to see how it could even be true on a conceptual level.
If it were true, what would happen on that day, or probably a few days prior, is that there would be many new Bitcoin forks that use the same transaction history (and thus the same balances) as Bitcoin. After possibly a short scramble and chaos, one or potentially multiple of those forks would then be seen as the Bitcoin while the rest fade to obscurity.
Cryptocurrencies, especially big ones, fork all the time. All it takes is an individual who wants to make a fork. Yes, that means if you have any currency on that chain before the fork, you’ll have that same amount on both currencies after the fork. In the rare case where both blockchains after the fork hold any value/respect though, this gets EXTREMELY funny if someone had an NFT on that chain before the fork. Now they have two NFTs (one on each side of the split) and could sell them to separate people, or keep one and sell one, etc.
For clarity: when I wrote “fork” above I was talking about “hard forks” specifically.
The NFT thing, could that be considered fraud.
Probably not since whatever marketplace it’s on would either only use the majority fork or explicitly specify which you are buying on.
This guy forks