Do you know whats happening with Bitcoin and Bitcoin Cash?

Earlier this week bitcoin forked to create two different versions. The first version is regular Bitcoin. The second version is called Bitcoin Cash. Everyone that owned bitcoin before the fork was given an equal amount of Bitcoin Cash 1:1.

So if you had 1 Bitcoin by August 31st then you now also have 1 Bitcoin Cash.

Why did Bitcoin fork?

Bitcoin forked because of differences on how to move the cryptocurrency forward. Bitcoin cash people wanted larger block sizes to increase speed and reduce fees. The Bitcoin Cash miners disagree with the strategy of regular Bitcoin. Those disagreements led them to fork the code and go different direction.

Some people argue that Bitcoin Cash is an alt coin that wants to steal bitcoin's name. That may be true. Time will tell but I have faith in the free market. Trust and transparency will facilitate the flow of capital. I currently hold both versions of Bitcoin and I am content with it for now and looking forward to see what happens.

Regardless of what happens it is an exciting time to be alive as the innovation around currency and blockchain markets is just getting started. I believe that we are moving from paper/analog markets to fully digitial ones and decentralized blockchain technology is leading the way. The flow of capital into this new sector will be unprecedented.

Lord willing it all works out.

Disclaimer: This is not investment advice and should be used for entertainment purposes.