You would think a ‘new branch’ of BitCoin would destabilise the origin currency, but it seems to be doing only good things.
“The creation of a second bitcoin asset this week did almost nothing to dilute the price of the original unit, with the value of the new asset instead rocketing skyward, generating almost $US7.5 billion ($9.5 billion) out of thin air.
“This week, a group of bitcoin activists and developers created a second version of bitcoin, within a few hours, the value of the new unit – bitcoin cash – leapt to over $US600.”
Read more at SMH
