Suppose CSW has enough hashpower to basically win the hashwar, anyone has an opinion on what will happen next?
According to jtoomin SV doesn't stand a chance. So they're only trying to intimidate the market.
At this point I don't know who to trust at all. I don't even know who jtoomin is. Supposing he is a bigshot, still, how to know he is not a secret BTC/banker shill?
Regardless of if the SV side wins the hashwar or not, the chains will split. There are people on both sides that refuse to take part in the other sides ecosystem.
Correct me if I'm wrong but I don't think anyone "wins" a hashwar. They just go their own separate ways, don't they?
A popular saying is that in war there are no winners. Yet, often we talk of wars as won. In theory CSW could be able to marginalize the ABC side, possibly making SV the main cryptocoin
There are huge advantages to being the clearly dominant coin, even if the other coins do not die out completely (I think it is almost certain that many coins will go on, even if small)
Still, CSW has openly talked of attacking the ABC coin to make it useless by mining empty blocks, and conceivably it could be totally abandoned in the end
The markets have to decide. We can end up with 2 splitted chains with 2 different values, ABC will be the most valuable according to futures, so CSW will try to devalue it with attacks
How can CSW do that?
A 51% attack on ABC chain is difficult, but orphaning blocks and replaying txs is more easy.
Even if SV's hashpower was equal, SV would be inclined to mine their own transactions and keep new block time as close as possible to 10 min instead of using their wasting it on ABC
Orphaning would only happen if SV's hashpower >= ABC thereby allowing SV to mine empty/erroneous blocks quicker than ABC hence forming the longest proof of work chain. Seems unlikely
For a feather attack they don't need suck hashpower. It was explained by a memo user a few days ago.
Missed that. If only memo had search...
Despite that, the futures market on Poloniex maintains a 80-20 distribution in ABC's favour
Think that is because the ABC proponents have not pushed their hashpower over to BCH.
Suppose he succeeds, as in markets start to side with him. What then?
In that case, even a fork with a different PoW algorithm to avoid future CSW attacks is possible.
So SV will win and CSW will have enough power to materialize his threats. Until the next scheduled HF, or before. With a big part of the community splitted, BSV will lost support.
Do you not see any scenario where CSW wins and bitcoin just goes on as bitcoin?
Depends. If CSW materialize some of his threats, that's difficult because it will become just a permissioned coin. But of course, it can win and become Bitcoin de facto in some years.
Txs replay, blacklisting UTXOs with CDS, threatening miners with jail, etc to bring fear to the market. That's if the chain split last for long enough.
Do you think BitcoinCash will survive that ? If that happens what do you think will happen next ?
No, but I guess Bitmain and others will point lots of their hashpower just at the fork time (fuck BTC). If BSV wins, the community against it will fork away, even with another PoW algo
It's so weird they just have to move hashpower just for the battle. The battle is not designed to work that way I think
And with another algo it'd be easily attacked coz not asic on it
Pointing hashpower to ABC chain guarantees CSW can't do a 51% attack (anyway, this requires lots of hashpower + mining your own chain). And brings safety to the market.
PoW algo change makes SHA256 ASICs useless. A bad actor has to hire hashpower, not just pointing out miners to other chain for attack. Komodo dPoW can help here.
