How is BCH, "not printing money" ?

[otomakansotas]

I understand the tech (enough)

However, it is ridiculous that a hard fork like BCH happens and overnight they are able to create another 21 million coins based on (similar principles to bitcoin).
Every hard fork dilutes the bitcoin value (indirectly)

How does the community solve this problem ?

[1bitcoinsnet]

First the new coins went to every wallet with BTC not the owners of the new coin, so they started with all the coins going to everyone that had btc

so if you had 100 btc you got 100 bch

today that GIFT is worth x btc times 3000

so anyone with BTC loves the GIFT

now since then newbs buying btc got no gift and when really new noobs bought in 15k plus btc they got crushed when it fell to 11k today

so if you had btc pre august, all you did was get what you had in your wallet

so pre August holders now have their btc and bch

some dumped the bch and now the coin is way above august

some are dumping btc to buy into bch, the reason it is what the white paper envisioned

so the question is why do btc holders moan about all the money they now have if they had btc pre august

the combined value of the two coins is 18K right now

so if you had old coins in btc, and kept the new coin, you have 18k in coins now instead of 14.5k in just btc

if you really understand what happened you are happy to have two coins

now where does it go?

THE PROPHET is saying the coins are to become to the public the same thing, so equal value

time will tell

a week ago btc was 10 to 1 in value to bch

today it is 5 to 1

so you can look at it two ways, the combined value of btc bch is better than btc by itself

newbs look at btc prices and find out about bch and lots of newbs are opting for bch due to lower cost

when you look at the white paper and say the original project was a low cost fast virtual coin for low cost items, the coin doing that is bch not bct

so you have elitist btc holders moaning but guys with old coins now have both coins and the net value if you are a holder of both is almost 18k today, way better than btc by itself

they can both exist as bitcoin, original slow and cost btc, and fast cheaper to use bch

both have a need

[ItsEzMkay]

You can't really solve it because everything here is open source meaning they can do that if they want. The way to combat this type of action is to speak with your wallet and to not invest into coins like this. I personally haven't invested into Bitcoin Cash and Bitcoin Gold and don't plan to. The only way I would invest into those is if the flip actually happens and Bitcoin Core is on the its last legs. I doubt I will be making this move, but I won't say it can't ever happen because it could I can't predict the future.

[squatz1]

Well I mean if you are to actually think about it, it is like printing money -- as it's just forking off of Bitcoin and making money for people who are involved and are holding Bitcoin. This isn't something which is good for the community in the least, the only thing it's going to do is cause a large rift and divide into the community (because as we already know people have already lost massive amounts of money due to the civil war between the two communities.

Avoid it at all costs, not worth it to fuck with Bitcoin at all.

[woffingshire]

I understand the tech (enough)

However, it is ridiculous that a hard fork like BCH happens and overnight they are able to create another 21 million coins based on (similar principles to bitcoin).
Every hard fork dilutes the bitcoin value (indirectly)

How does the community solve this problem ?

Two different ways, the real Forks is BCH , are alll other probabe scam forks that need you to move your coins to other addresses-

[1bitcoinsnet]

You can't really solve it because everything here is open source meaning they can do that if they want. The way to combat this type of action is to speak with your wallet and to not invest into coins like this. I personally haven't invested into Bitcoin Cash and Bitcoin Gold and don't plan to. The only way I would invest into those is if the flip actually happens and Bitcoin Core is on the its last legs. I doubt I will be making this move, but I won't say it can't ever happen because it could I can't predict the future.

So you didn't own BTC before August right.

So you're a noob.

If you had BTC before August, and you don't want your BCH, I'll be happy to give you my BCH address to send it to.

So no one that had BTC before the fork should be saying what you are saying, you didn't have to invest anything, it was GIVEN to you at the fork.

Now you have a choice, you can put more money into BTC or buy both or just add BCH coins.

But to say you haven't invested in it, shows you had nothing before the fork.

Now you are investing (if you are) into a slow technology with high fees.

Great, invest in BTC, the tech is not doing what the white paper said BTC was supposed to do.

So to people that actually liked the idea of the white paper and cheap transactions and fast transactions, then the only bitcoin doing that today is BCH.

So did you own BTC before the fork and what did you do with your GIFT?

[otomakansotas]

These hard forks are huge turnoffs . 
Almost proves what some prominent nay sayers talk about,  that is, bitcoin eventually has no intrinsic value, its an artificial construct created and then replicated at will.
If the hardfork issues is not solved then more hardforks will happen, eventually destroying any confidence in Bitcoin, with all the FUD that the process will create.
My BTC 0.02

[1bitcoinsnet]

These hard forks are huge turnoffs . 
Almost proves what some prominent nay sayers talk about,  that is, bitcoin eventually has no intrinsic value, its an artificial construct created and then replicated at will.
If the hardfork issues is not solved then more hardforks will happen, eventually destroying any confidence in Bitcoin, with all the FUD that the process will create.
My BTC 0.02

Spoken like a true noob, read the white paper it has info about how the core will have forks and they might improve it so the forks become popular or more popular, that's the whole point of the project.

So forks, fixing core and ability to new variants of bitcoin to come into existence are all in the white paper.

A beautiful thing it was, the white paper.

Once you actually read the white paper you understand why the fork was needed, btc was slow and too expensive, so the fork hit and now that coin has increased in value to where btc is now only 5 to 1 more valuable and now the forked coin is recognized by the main exchange in the USA as legit and that was what created the sell off.

BCH was legitimized by Coinbase and now the two coins are moving to a value merge.

Face it, it is reality now.

Exactly as THE PROPHET warned two days ago the move by Coinbase would trigger the equal value move btc and bch are now moving to.
https://www.soladoni.com/bitcoin-cash-bitcoin/

[otomakansotas]

1) Thx will read the paper.

2) Who is "The Prophet"

3) BTC transaction fees are a big turnoff as well ( https://blockchain.info/charts/cost-per-transaction ) ; $120 for transactions !