History and value of forked coins ｜ eth, BCH, BSV 2020-03-08

Yesterday someone asked me about bitcoin 、BCH、BSV and ETH The value of , Among these coins, except bitcoin , Several other coins have a common feature , That is, they are all forked coins , So see the problem , I think of a topic ： The value of forked coins .

We can often see in digital currency “ Forked coin ”, The more well-known digital currency is, the easier it is to fork out coins . Then why do you issue forked coins ？ The root cause is one ：

The code of digital currency is open source , Anyone can create a new digital currency based on the improvement of the original digital currency , This is bifurcation, or more accurately, hard bifurcation .

But whether the digital currency created can be recognized and popular , The first hurdle to cross is whether we can get the support of miners , That is, are there any miners willing to mine on the newly created digital currency blockchain .

Without the support of miners , Any digital currency will die immediately . Therefore, this factor is the core for us to judge whether forked coins are valuable .

Anyone can fork a new coin based on the original coin , In fact, a large number of fans are doing such things every day , For scientific research 、 For the experiment .

But such coins will be recognized 、 Will there be miners to dig and maintain ？ Hardly any . Why? ？ Because there is no recognition , Money without appeal has no value , Miners will not waste resources to dig a worthless coin .

Then only what kind of currency can be recognized , It will have appeal ？ Only those who lead the bifurcated organization are leaders in the industry , Have industry influence , It is possible to make people believe that this new branch coin will develop into a new force 、 Go in a new direction .

and BCH、BSV、ETH It's all like this . Leader BCH What diverges is the well-known Wu Jihan in the industry , Behind him is the mining machinery giant bitcontinental ; And leadership BSV What diverges is AOBEN Cong, who is controversial in the industry but also has a group of loyal fans ; Leader ETH Bifurcated, not to mention , Is the founder of Ethereum V god .

They are all people with considerable status and reputation in the industry , Therefore, the forked coin led by them has a group of believers who always follow , Naturally, a group of miners will follow , This is the value basis of these three coins .

In fact, there are many forked coins besides these three coins , Take the bifurcated coin of bitcoin , except BCH and BSV, And bitcoin diamonds （Bitcoin Diamond）、 Bitcoin gold （Bitcoin Gold）、 Bitcoin candy （Bitcoin Candy）、 Bitcoin pizza （Bitcoin Pizza）、 Bitcoin God （Bitcoin God）、 Bitcoin belief （Bitcoin Faith）、 Bitcoin atom （Bitcoin Atom） etc. .

But how many people know such a long list ？ A few more people agree ？ The fundamental reason is that the people with forked leaders have no influence in the industry , And there is something wrong with the development idea and original intention of this coin .

Then the new coin and the original coin formed after bifurcation , Which is more valuable ？ There are two main factors in my analysis ：

The first one is still the person whose leadership diverges , Which of him or the leader of the original coin has more influence in the industry .

The second is technological and ecological development , Which one has more potential and prospects .

Let's take bitcoin as an example , Nakamoto has established bitcoin's unparalleled position in the history of digital currency , This determines that any bifurcated coin of bitcoin is difficult to surpass bitcoin in consensus and recognition .

Don't say BCH and BSV It surpasses bitcoin in technology , Namely V Ethereum led by God relies on rich ecology and widely used scenes , Can't surpass bitcoin in consensus .

and ETH Itself is also a fork coin , And its fellow brothers ETC Compare to ,ETH Actually, it's a forked coin , and ETC Is the original currency .

But because of V The divine organization leads the new bifurcated coin ETH, All the subsequent developments of Ethereum revolved around ETH To expand , Therefore, the development and influence of forked coins are far greater than the original coins ETC.

Finally, back to the beginning topic , For the value of these coins ： The currency  > ETH > BCH > BSV.

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