Back to normal ( if there is such a thing)

[#BitcoinVegan]

So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network, my question is when will the void be filled.

How quickly can we move forward?

Good thing is alot of people aren't falling for the antics, as much as others thought they would.

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[os2sam]

So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network

What damage was there?  Bitcoin worked and is working as it is supposed to.

It seems to me that the only damage done was to the reputation of those who moved their hash rate to an alt coin.  But that too is fine as they are free to do that.

[xIIImaL]

So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network

What damage was there?  Bitcoin worked and is working as it is supposed to.

It seems to me that the only damage done was to the reputation of those who moved their hash rate to an alt coin.  But that too is fine as they are free to do that.

Now we see the many bitcoin mining pools moves to mine the bitcoin cash since that value increased in the chart. Everyone would expect the bitcoin to reach the more value but bitcoin value correction will be increased and miner will again turns to bitcoin.
I am really happy that bitcoin price started increasing again and it seems again grown to 6.6k USD in the chart. I have heard that some big mining group gone to mine BCH.

[jmiro1]

I don't see how the network is "damaged". The way I see it, it was normal and is normal. The only thing that bothers you is the people who left bitcoin right? You think because of them we are not "moving forward". Well, it's partially true but we did move forward. I think you already know that the price of bitcoin rose again. And the truth is the void would not fill completely, but that's part of the normality.

[777Bitcoin]

Those pump promotions to leave bitcoin and invest in bitcoin cash for alarmist a week now have not damage the network itself because it was forcely been made to give panic and do what the miners want us to do. But failed because bitcoin investors is not puppets from this kind of blackmailing. They will surely be backing up bitcoin again if bitcoin cash won’t work like they expected to be.

[BY_ATOM]

Every recession, the growth will be. I think that the recession was caused by the news of the transfer fork. Soon everything will return to normal.

[salihno71]

I think this is still not over. They're testing the limits for sure. but it seems like someone will profit greatly out of this coordinated attack.

[HeRetiK]

So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network

What damage was there?  Bitcoin worked and is working as it is supposed to.

It seems to me that the only damage done was to the reputation of those who moved their hash rate to an alt coin.  But that too is fine as they are free to do that.

The BTC network slowed extremely down during the weekend, causing the mempool to fill up like rarely seen before. So no "damage", but still a major disruption of service.

I think this is still not over. They're testing the limits for sure. but it seems like someone will profit greatly out of this coordinated attack.

Yeah, I also have a feeling that this is not the last we've heard from BCH. I wouldn't go as far as calling it an attack though. It's simply what happens when multiple coins share the same PoW hash and one gets pumped. Arguably it shows a merit of BTC relying on ASICs instead of GPUs, because otherwise BTC would be forced to battle with other alts for computing resources as well.

[freeElectron]

So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network

What damage was there?  Bitcoin worked and is working as it is supposed to.

It seems to me that the only damage done was to the reputation of those who moved their hash rate to an alt coin.  But that too is fine as they are free to do that.

The damage is $20 transactions fees and no relief in sight.
If this is normal, you are out of your mind.

[Alns]

Bitcoin is working fine at the moment, i dont know why all those miners just turned off from bitcoin and they just started to mine bitcoin cash, it was a strange thing, i dont know why they did it because i am not a miner too.
But now a lot of them has just return theirselves to bitcoin, they all now that we are the most strongest coin and there is no way to defeat bitcoin, this is probably why they decided to came back.
Of course that if this was going to continue, bitcoin cash was going to be the king, but we are lucky because that did not happen.

[2fresh]

Bitcoin is working fine at the moment, i dont know why all those miners just turned off from bitcoin and they just started to mine bitcoin cash, it was a strange thing, i dont know why they did it because i am not a miner too.
But now a lot of them has just return theirselves to bitcoin, they all now that we are the most strongest coin and there is no way to defeat bitcoin, this is probably why they decided to came back.
Of course that if this was going to continue, bitcoin cash was going to be the king, but we are lucky because that did not happen.

Leave btc , mine bch until enough blocks pass till you get the actual coins, difficulty goes up, massive dump on bch.
Go back to btc and buy in for a thousand bucks less. Nice strategy right? 

[illinest]

I think this is still not over. They're testing the limits for sure. but it seems like someone will profit greatly out of this coordinated attack.

I don't think it's over, either. This is all unfolding piece by piece, and I'm beginning to agree with Sergio Lerner that Bcash was a damn masterpiece in game theory. At this point, what I can say is this: do not underestimate Jihan Wu and friends. They have very deep pockets (USD, BTC, BCH), and they are very skilled with propaganda and are leveraging anyone they can (Kim Dotcom, Calvin Ayre, Vitalik Buterin, etc). And Bitmain has a stranglehold over the ASIC manufacturing market. And they're only accepting BCH for new mining hardware. The spam attacks on the network are truly impressive.

I've never seen anything like this..... a coordinated attack from all directions. These people are dedicated. I truly hope the market buys up all their dumped BTC and shows them the exit.

[gentlemand]

Now the EDA thing is over the attack on Bitcoin can begin in earnest.

They want miners to switch permanently, not flit around, which means pumping the price and keeping it there while keeping the spamming up. As they're collecting the fees they're spamming with then it can continue as long as they like pretty much.

Traders are such mindless sluts that they'll pile in if a pump is initiated with enough power and enough BTC is dumped.

[1Referee]

What damage was there?  Bitcoin worked and is working as it is supposed to.

You don't get it. People not paying sufficient fees according to the network situation, and thus have to wait a good while for their first confirmation, means that Bitcoin isn't working as it should. That's the general logic people seem to thrive on. If you pay appropriate fees according to the network situation, you'll never experience any delays or whatever. I have never had to experience any delays or other inconvienences due to filled mempools. I just pay what's needed to get a quick first confirmation. If you follow that path, it's like these "problems" don't even exist.

[bitart]

What damage was there?  Bitcoin worked and is working as it is supposed to.

You don't get it. People not paying sufficient fees according to the network situation, and thus have to wait a good while for their first confirmation, means that Bitcoin isn't working as it should. That's the general logic people seem to thrive on. If you pay appropriate fees according to the network situation, you'll never experience any delays or whatever. I have never had to experience any delays or other inconvienences due to filled mempools. I just pay what's needed to get a quick first confirmation. If you follow that path, it's like these "problems" don't even exist.

Appropirate fees nowdays is about 350 sat/B, which made my first confirmation in 11 minutes. Bitcoin network works, but I don't want to calculate the fee in USD... It's enough for me that despite of the huge backlog, I can manage my transfer, if it's a real need...
Mempool looks really bad now:

[Shreek]

usually the network will return to normal after hardfork, because at this time bitcoin upgrading applications that force users to renew the old application to be new. and when it bitcoin not only fix the trnsaksi only, but also improve the network.
and of course the price will be normal again after hardfork.

[#BitcoinVegan]

Thanks to everyone,  it's some great feedback. I don't the network is damaged as much as it is backed up.  #Bitcoin will stay king, and I inevitably feel bcash can't compete for the reasons it's principle was built on. It's not a decentralized PoW and if that is why the newbies buy and hodl bitcoin for that principle Bitcoin will last.

The more attacks we defeat the better.

[jseverson]

So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network

What damage was there?  Bitcoin worked and is working as it is supposed to.

It seems to me that the only damage done was to the reputation of those who moved their hash rate to an alt coin.  But that too is fine as they are free to do that.

They were able to congest the network and make the fees skyrocket. They then used this to propagate massive FUD and Bitcoin Cash propaganda, saying how Bitcoin Cash is faster and can handle more transactions.

But yeah, the hashrate is back on Bitcoin. I don't hold it against the miners, personally. They simply went to where it was more profitable, and it was more profitable to mine for BCH for a short while.

[Alfredjohn]

back to normal, bitcoin is slight quite because not to much busy the airdrop, almost bounty is now pump.

[dimastegar]

Bitcoin has always been hard to come by. Every week, Bitcoin will be harder to mine. And I think the remaining 30% Bitcoin will finish in filled in the next few years. And here's one that makes Bitcoin expensive.