Ready to start the day with a good dose of some BCASH propaganda?
Today I want to talk about the Nakamoto consensus.
With all the talk of a contentious hard fork in November, uncertainty is high. But are hard forks really that dangerous? How do hashpower wars work? What are the economic incentives of different actors in the Bitcoin system?
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I genuinely think people are focusing on the wrong thing when talking about ABC vs SV. It's a hash war, but it is not a hash war between Jihan and "faketoshi". It's a hash war of ideas.
ABC's idea is to leverage their political power with exchanges and miners to subsidize wormhole cash. This is my opinion.
SV's idea is to scale massively and lock the protocol, giving power to miners. This is their statement.
I think I believe and agree with them that this is the best path forward for Bitcoin CASH.
>wait for the final BTC crash in the next year >buy any BCH below 0.06 >wait for BCH to pump along with BTC >??? >profit I personally hope for BCH crash to like 0.01. Imagine the future gains if it only manages to pump back to the previous highs. Chart looks so fucking good too, even 0.5 might be possible.
With tether continuing to crash. It is not entirely unlikely. Short term traders should take into account how much fud will be coming in the next few weeks.