While everyone wants instant gratification from the hashwar SV will bleed ABC out...they cannot sustain this hash forever. Meanwhile SV keeps building organic support waiting to strike....
What you are essentialy witnessing is the takeover of Bitcoin Cash by Blockstream via Jihan Bitmain.
Yes. Most people don't understand blockchain. And if it's money, they shouldn't have to worry about if they are going to lose their money or not. This is a major problem.
ABC has hard-coded a fork like this for every 6 months. If miners don't like their changes we'll get the same situation we have today. Basically, if ABC wins it'll be a dictatorship.
DO you remember the closing of Silk road?
The bear whale?
Banned in china (the first time)?
The launch of altcoins
the scaling debate
100 dollar fees
The Bitcoin cash fork
and now the hash war of 2018.
This is actually not fun to watch because I know personally that Roger is a nice guy. As we speak he's making the decision whether to bankrupt his business/get sued or let SV win.
Roger is great. This has nothing to do with him. He is just cannon fodder,,,,collateral damage. Roger is not a major part of this war, he is just the poor bastard on front line.
Even if CSW is only a very early miner, his stash will be considerable. Selling Satoshi coins is the "nuclear option", I don't think it will be necessary. There are many attack vectors
I agree,, but for ABC to think this war is over is weak minded. This war has not started. ABC changed the protocol "for the defense of the people" how many times will they?
BitcoinSV will win this longterm
ABC hashpower needs to be maintained over the next month. The chain will still be susceptible to be reorged in 1-2 weeks if the distribution reverts to the ratio it was at yesterday. #hashwar
But Bitcoin.com will be pulling their hash tomorrow. They are the only one's mining blocks. Looks to me like SV will win this.
Mining on the SV chain already.
where is the hash war? I only see a decline of hash power on bch!
SV win easy.
Scooping up more BCHSV (some weak hands selling) then on to Nicehash.
ahh see what you mean. you're talking hash power. I was talking voting on a forum. yeah... r/bitcoin pulled that shit, counting nodes, shame r/btc is doing the same...
Spinning up dummy nodes is no different than having a bunch of socks "voting" on a forum. Ppl make fun of CSW for ridiculing PoSM but he's 100% correct. "The community" is a myth.
If SV/CSW manages to take over BCH I will loose faith in Bitcoin as a concept and will be looking to reduce my position. I think many feel the same as me...
current drama should be motivating everyone to make Bitcoin-protocol as set in stone as possible, to make sure no one in the future is able to repeat this with whatever crazy changes
If SV/CSW manages to take over BCH I will loose faith in Bitcoin as a concept and will be looking to reduce my position. I think many feel the same as me...
This is what miners are MEANT to do, and miners failed to do this with BTC, why they allowed Core to fuck it up. CSW is trying to prevent the same from happening with BCH.
You are probably right, but i'd like to see what it's about.
Its basically people who have lot of money and they don't need to do any work, just hold most amount of coins, being able to dictate all the rules. That's what PoS is about.
Can we also appreciate the fact that it says "GREAT WALL ACTIVATION"!?!?
What the living hell?
Wow, not bueno. Hard pass.
Any miner that sees this will pass too. Ironic that Roger is putting his weight behind perpetual war.
ABC kind of backed themselves into a corner with the whole "CSW is out to destroy BCH" narrative. It means that any BTC miner that wants to destroy BCH will be encouraged to mine SV.
Wrong. If either CSW or Bitcoin ABC break off, they BOTH die.
I don't believe ABC has the hash to fight. If there's no replay protection on either chain then it'll be a Nakamoto consensus situation. Exactly the way Bitcoin was designed to work.
Tokens on Bitcoin Cash are the future. Goodbye erc20 tokens running on a network that is at capacity.
https://wh.blockabc.com/
have we got a chart for memo usage? i would expect a large impulse in the beginning due to excitement and then a drop off.
all we can do now is spread the word & hope giants come along
CSW has a long track record of being right against everyone that doubts him. Made Vitalik look like a dumb high school kid. Same goes for Szabo. Satoshi gets the benefit of the doubt.
You don't have to agree with
#AlexJones to support his right to say it.
The purge makes me even more eager for the world to use censorship resistant platforms like this one.
