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RE: Privacy Coin Forks and Hacks

in #bitcoin7 years ago

Imho, the Monero, ETH and Bitcoin forks have exposed a kind of flaw/loophole in blockchain systems. The forked asset doesn't have the same security or user base loyalty as the original chain, but the lure of "free money" pulls in a lot of users from the original chain to sell/trade their coins, which in turn creates value for the forked chain!

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You're dead on. Many of these forks become a tax on stupidity and greed, if people let their main coins get attacked after trying to access the forks. At the same time, not every fork is garbage, and a "wait and see" attitude can often bring some profits.