What impact forks have in crypto assets

Forks are quite an interesting topic to discuss in crypto assets. The impact forks have on the ecosystem is still yet to be shown.

The first way to look at forks is to treat them sort of like a dividend payout; if you hold X you get Y. For example Bitcoin has forked a few times, Zcash, Bitcoin Cash and Bitcoin gold are some of the more well knows forks. Many investors look at forks in this way, just another way to increase holdings.

The second way to look at forks is how I personally like to look at it. While some may say that forking the community causes overall damages, I completely disagree. Each fork has its advantages and disadvantages, and each one (hopefully) brings a new idea or piece of technology to the table.

One day in the future, when crypto is widely adopted, it it highly unlikely that one currency will gain 100% of the market share. In todays world 100s of currencies exist and are used every day, depending on where you live. Why can't crypto be the same way, except you are not limited to the currency of your geographical region, but whatever you feel like paying with today.

Let me know what you have to think about forks and how they affect the crypto space!