Basically the txns between the checkpoint and when the re-org chain emerges will be frozen in time until ABC can pump their minority chain back to life. It will be a total cfusterfulk.
Could ABC constantly shift the checkpoint forward?
I'm not kidding when I say, this squeeze could hit $3000+. 100k in shorts but theres only 27k sell orders on the books....... Guess I'm pulling an all nighter!!
https://www.tradingview.com/x/JRP1qsmz
Prediction: Coming Nov 15th, Jihan and ABC will mine empty blocks, replay and reorg attack SV chain with more than 51% attack. And their supporters will cheer Jihan as the savior.
To people saying CSW is unethical for doing attacks, IF Jihan switch over hashes from NYC and replay attacked and reorg SV, will you call him unetical?
Because that's what Jihan will be doing.
To people saying CSW is unethical for doing attacks, IF Jihan switch over hashes from NYC and replay attacked and reorg SV, will you call him unetical?
What irks me is Jihan/Haipo are not even putting up a fight at all. They are absolutely terrified of being judged by the markets but they should show they are the stewards of Bitcoin
Well, if thats a bad decision (which I think it is), Bitcoin as a system will be making them pay for that. Mining is a Red Queens Game, you slow down, you lose.
Yup. they need ~67% of current BCH hash rate though - the bar has been raised. miners need to consider this stuff, they can no longer sit and just passively try to make money
Exactly, passive miners (and misleader revs) will be pushed out of the game. Overall, this hashwar is a wake up call and a net positive for the system.
Any rational ABC supporter SHOULD really be preparing how to double spend and reorg SV chain. But alas, most can't fathom this. "Attacks are unethical and immoral!"
Lol. Just continue your PoSM and get rekt on 15th.
Even if I hated CSW (I’m neutral), i’d still respect the Nakamoto consensus. BS has zero hashpower and took over BTC. What’s up with minority/zero hashpower ruling ? 🤦♂️
Based on this fact, and the fact that CSW knew how to play the game of Bitcoin better, I would place my bets on CSW on the upcoming hash battle. (Note that CSW can kiss my ass)
Even if I hated CSW (I’m neutral), i’d still respect the Nakamoto consensus. BS has zero hashpower and took over BTC. What’s up with minority/zero hashpower ruling ? 🤦♂️
Exactly. ABC camp are playing exactly like BS now, PoSM. On hindsight, we now realize why BCH split off, miners didn't know they had power to "defend" by "attacking" Core with hash!
"hash attack" and "hash defence" are two sides of the same coin. A 51% "attack" can be used to defined or attack and both are equally valid strategies. Don't bring your morality into this game. BTC is hash based.
I think if CSW & nChain do hire more hashing power to commit 51% attack they would openly expose themselves as enemies of Bitcoin & no one would ever trust them any more.
Getting more than 51% is the correct move. Attacking minority is the move CSW SHOULD do. Most ppl just think it's bad, when it's not.
CSW is such an asshole I don’t think there is something malicious with anti-csw upvotes. Community rejects him, that’s it.
Don't you see, CSW can act as anything, even as a paedophile and the community can hate him for all they care. It doesn't matter. Hash speaks and will win.