The Forked Bitcoin ploy

He started with Bitcoin, but only focuses on forked coins. “Bitcoin will evolve into a capital game for rich bankers and financiers,” Chen explained. “I don’t have enough capital to compete with them, but the bitcoin price will keep rising and simultaneously the price of forked coins will increase.” He learned the concept of a fork when he realized he had received some free Bitcoin Cash in his account this August.

Another segment of the digital world in Xi Ping ong land.  When a group forks the main bitcoin stack, they give up a portion of the new coin to the old bitcoin wallets.  These can sell cheap, and groin demand as more wallets support the coin.

Here we see the blockchain attempting to spawn side chain to gain the lower transaction prices.  Forking only take blockchain so far toward the goal of almost pure cash. 

This forking works quite well for localized currency, like acapulco coin, used to discount hotels rooms in Acapulco. The local hotels run the blockchain on the alt coin, and tie it to the bitcoin main, with risk.  It works because the two industries have  strong coherence, they like international pricing. 

In general it does not work, off the main chain. Most alt bitcoins will die off when they attempt to price other markets and suffer the trilemma problem.