Bitcoin's Rivals Multiply Amid Battle for Crypto Dominance - Bloomberg

What could possibly go wrong?...

"New iterations of the cryptocurrency are multiplying as disagreements over bitcoin’s design persist and opportunities for making a quick buck prove hard to pass up.

The biggest offshoot, called bitcoin cash, appeared in August after a so-called hard fork in the bitcoin blockchain. That spinoff, currently valued at $18 billion, was followed by a less successful fork to create bitcoin gold in October, and now several other planned splits are in the works.

There’s bitcoin diamond, bitcoin silver, bitcoin unlimited and super bitcoin -- the latest proposal to emerge. The website advertising super bitcoin says the offshoot is backed by Chinese cryptocurrency entrepreneur Li Xiaolai. It promises to “make bitcoin great again” by, among other things, increasing the size of blocks on which transactions are processed -- a move that would reduce confirmation times and fees."

Bitcoin's Rivals Multiply Amid Battle for Crypto Dominance - Bloomberg