Bitcoin May Split 50 Times in 2018 as Forking Craze Accelerates

Bloomberg
Bloomberg
Jan 23, 2018 · 3 min read

“Unfortunately, most fork-based projects we see today are more of a sheer money grab,” said George Kimionis, chief executive officer of Coinomi, a wallet that lets Bitcoin owners collect their new forked coins. “Looking back a few years from now we might realize that they were just mutations fostered by investors blinded by numerical price increases — rather than honest attempts to contribute to the blockchain ecosystem.”

He predicts forking may soon sideline a more popular alternative, initial coin offerings, in which…

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