BCH Update
Blockchain Overview
There have been 1971 blocks mined since the hard fork.
(968 blocks behind the original chain)
The Bitcoin Cash blockchain is currently operating at 7% of the original chain's difficulty.
The original chain has grown 2.51GB more than the Bitcoin Cash blockchain.
It is currently 83.8% more profitable to mine on the Bitcoin Cash blockchain.
Current price: $645
BI.Tch has dropped its knickers and is flashing its bits at the world.....
Do you think Jihan&Ver will keep pushing the BCH price up when the difficulty there skyrockets, so that miners keep on mining? I was so slow to sell and I'm losing BTC every day!
At this point I am guessing their aim is the mere survival of the chain- how far they are willing to go I cannot tell you... they have gone pretty far down the path... I can't see them ever returning to the fold so to speak- so they seem destined to be the masters of their altcoin. If they have played a wise enough game - they may have gotten some institutional partners with deep pockets to see them through whilst the difficulty/haspower/price finds equilibrium. (its Kim Jong Un
)
Personally I feel like this is going to get pumped and dumped and pumped and dumped
It feels like a sideshow now to the BTC scaling debate.... eyes are on Core and x2 - if there is any relevant sensible progress made here it will be strong for BTC and make BCH
even less relevant.
The thing with BCH as I see it- is nobody is using it for anything...I don't see this changing anytime soon- so Roj and WU & partners have to keep this ship floating until at least then....
They are at huge risk of just being totally irrelevant in 6 months time (and much poorer)
Personally I am shocked - if they have gone at this without a steady plan- then they are simply burning cash.
I am not discounting any surprises though...Are they really that reckless and thoughtless? They could have simply transferred chunk of their wealth to me and my retirement fund
Truth is - you cannot trust them pesky bitCashers - and the community
probably never will again... and believe it or not... you can't buy trust.
.....except by POW
(ps a part of me wonders if they had hoped BTC would drop like a stone in Aug - shame)
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You can't kill a network. You can't kill a P2P network ... at all.
