double spend as a feature

Jesse Schell one said, "does anyone remember when the term 'viral' meant
bad?"

There is a very interesting development in digital payments this weekend
when ethereum created a hard fork in order to redistribute capital.

The community was split on whether or not this was a good idea, and in the
end it happened anyway.

But something strange happened.

Someone created a fork of the original code base called "ethereum classic"

What this meant was that anyone with a balance on either ethereum fork
would automatically achieve a double spend of those electronic coins.

Contrary to popular wisdom the market has responded by rising the price of
both double spent coins, rather than, a flight of capital.

We live in interesting times.  We now have two ethereum chains fighting for
supremacy with different algorithms.

Anyone who bought in has essentially doubled their capital, as of now, due
to double spend acting as a feature, rather than a bug!