Create account

2695d
It doesn't matter how much hash you have if nobody wants to use your coin.
jim
replied 2695d
It matters what hash you have and how much that hash is attackable if people are thinking about using your coin. What are ABC gonna do? Use SCRYPT and hope LTC says "hello friends" ?
replied 2695d
Good point. Can't wait to see how this plays out. For the moment, I sold all my BCH, will wait until the results are known and price is rock bottom before I get back in.
Metalbrushes_Tattoo
replied 2695d
If everything goes unexpectedly smoothly and one chain emerges solid and the price pumps in the process, then are you gonna FOMO back in? Risky business.
replied 2695d
Satoshi had a different opinion. He was stupid I know...

:large
Barricade
replied 2695d
And Satoshi was completely right... unless the majority of the hashing power wants to mine at loss. Eventually, despite politics, miners have to follow the money.
replied 2695d
Assuming they let minority chain be tradable in the first place.
replied 2695d
Also Satoshi, in http://bitcoin.org/bitcoin.pdf, 12 Conclusion: " They vote with their CPU power [....] Any needed rules and incentives can be enforced with this consensus mechanism."