Loading ...“Stick a Fork in it… It’s done!”
The original bitcoin, BTC, is designed so there can only be a maximum of 21 million bitcoins. Limited supply supposedly increases the value. But bitcoins get harder and harder to ‘mine’ as that upper limit is approached.
Now there are competing coins and tokens coming from every code shop around, and some Bitcoin miners were unhappy with their ‘take’ for running the servers… so they design an ‘Unlimited’ Bitcoin so they can continue to cash in. (The original designation was to be ‘Bitcoin Unlimited’ or BTU… but the British Thermal Units protested). So now they call it ‘ Bitcoin Cash’ or BCC. Essentially it is another independent coin offering… just cashing in on the Bitcoin name as it’s basis. I don’t expect it to hold it’s value as well as bitcoin, especially after the BCC numbers exceed BTC numbers in existence. I see BCC diluting itself much like the US Dollar, and becoming only a few percent of the founding BTC value.