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RE: Bitcoin Cash (BCH): Scam from the start?
I don't know that BCH is a scam. Any time there's a hard fork possibility, the exchanges have to decide which chain they'll follow. They also have to decide if they're going to honor the 1:1 creation that arises from the split. That's why they tell people to move their crypto to a private wallet before the split. Anyone who wants full control over their old crypto and their new crypto (split) shouldn't leave it in an exchange.
That's the problem. Only scammers won't support the 1:1 creation, and only scammers would allow for the buying of a short position to count as an additional coin when no such coin exists. Then decide afterwards how much to penalize individuals not smart enough or able to take out their coins. Meanwhile traders get to sell imaginary coins while others don't even have access to the market.
For that matter, it's possible for an exchange to keep the new coins to dump on a competitor's exchange.
well it isn't new coins,,, it's just stealing coins from its users. Yeah it certainly could unload them on a competitors exchange or hoard them to sell after an increase in valuation.