The fights of altcoin Cash may be the reason why the market is in the red, this is my opinion, of course this is not good for the future of crypto
......
Also watching BCH ABC destroy stupid CSW BCH SV. twitter is going to be fire over the next month
nah. the btc price is because minng pools are cough quality assurnce cough testing out next gen asics before releasing them for deliver in last week of december.
thus because swapping their old S9's for T15's they have a lower cost per BTC than the last 12 month support. thus able to sell for less while still in profit
..
as for craig wright drama.. thats just another altcoin. and just social drama.
funny part is on the SV chain(blockheight 556925) it is also monitoring the ABC chain.
if SV sees a block on ABC that SV dont like.
SV kills off the SV chain. grabs a COPY of ABC chain..
SV nodes then kill off the block it dont like. and then tries to build SV blocks on the SV nodes.
funny part though
ABC can just continue on as they are meaning ABC chain (blockheight 556952) carries on building 556953
and then SV ends up killing off SV new block to grab a copy of ABC. kill off that same "bad block" and then has to rebuild again
SV will just end up in a loop.
put simply if there was block 556952 that SV hated.
abc makes 556953 as normal
but sv:
keeps destroying its own chain
grabs ABC upto to 556952 and then has to build 556953 of transactions SV approves
abc makes 556954 as normal
but sv:
keeps destroying its own chain
grabs ABC upto to 556952 and then has to build 556953 of transactions SV approves(yet again)
abc makes 556955 as normal
but sv:
keeps destroying its own chain
grabs ABC upto to 556952 and then has to build 556953 of transactions SV approves (yet again)
anyone using SV with transactions in 556953 will find they will keep getting thir transaction as confirmed then unconfirmed
craig will just be stuck in a loop of orphaning his own chain and orphaning blocks above 556952(of his personal copy)
meanwhile ABC carries on and just ignores whatever craigs SV client does
no merchant. no exchange will ever want to run SV knowing the orphan drama and double spend drama of accepting SV
so craig is fighting a fight he wont win.
he will not get to re-org the ABC chain.. all he wil do is just keep killing off his own chain and his own copy
...
and all ABC has to do is create a block that Sv wont like. and then let SV just loop itself into orphan/double spend drama.. while ABC just carries on
