Can someone explain to me why the bitcoin cash hash war would cause a price dump of BTC? Something to do with bitmain and the number of hairs on my asshole?
Hash War?
Ian Sullivan
Grayson Jenkins
First of all,
Jose Ross
If people swap to working on confirming transactions on another chain, that takes hashpower away from bitcoin. I would think a Difficulty Adjustment would solve these concerns though.
I don't think the price drop has anything to do with that, more just people looking for a reason.
Wyatt Roberts
Jihad Wu is a known terrorist and electricity thief from China with around 50 BTC and a few GPU rigs in his mom's basement. He has switched his rigs to mine Digibyte in light of pics of him and Roger Ver dressed in furry suits which were found by John McAfee.
Jace Carter
Seoncldy,
pic related
Both sides are selling BTC to fund the war. Satoshi has way more BTC to sell, but he also has most of the miners already on his side so he doesn't need to sell as much or as often as the opposition. The opposition; team ABC, they rely mostly on rented hash which needs to be payed and they do that primarily by selling BTC. That's why the war effects the price of BTC.
Ryan Young
Well if there are selling to fund their thing, I guess I could be wrong.
Austin Butler
So they are both scammy BTC clones?
Julian Taylor
Perfect explanation thanks!
Carson Bailey
Cant we just let Bitcoin Cash as a whole die and stop this slaughtering of the crypto market?
Samuel Baker
Wow that was a messed up "Secondly"...
As it stands today;
SV is Bitcoin,
BTC is BTC Coin (it violates several Whitepaper definitions of what Bitcoin is),
ABC is some kind of fusion of Bitcoin and BTC Coin - it doesn't have Segwit or Lightning but they introduced other nonsense instead - and they're limiting the blocksize (just like Blockstream did to BTC) to prevent it from scaling effectively, so it doesn't get adopted by businesses (they need it to be able to handle many thousands or even tens of thousands of transactions per second) and have near zero fees.
Joseph Roberts
"and have near zero fees." shouldbe inside the paranthesis... I mean the businesses need that.
Christopher Reyes
Fuck off craig, nobody buys your samefagging.
Maybe you should've spent more money on hashrate and less on paid shills. Fucking drunk.
Jack Nguyen
Kek
Justin Phillips
Okay, so when is this hash ""war"" ending? And don't say never
Joseph Phillips
It's already over.
Imagine some stupid drunk cunt shows up on your lawn and claims that he is the original owner of your household and he is going to rearrange it according to "Craig's vision". He slurs his speech, can't walk right, and generally is a trainwreck. But he has a fanclub that keep sending you email and messages demanding that you listen to him, and also he cratered local property values by having his cult buy some of them up and move niggers in and other associated sabotage.
He constantly waves a toy gun around and has a pack of downs syndrome afflicted teenagers who he refers to as an army.
You have professional private security and you escort them all off the premises.
They keep up the act in a tent on the public sidewalk wearing sandwich boards and shit with their idiotic claims and they have a bunch of models of your house explaining what they're going to do with it, but it's some absolutely idiotic shit that keeps bursting into flames because of the abject stupidity involved.
At what point would you say they "lost the war"? Was there ever really actually even a war to be over?
That is basically what's happening with Bitcoin S'OYDOWN cucks.
James Collins
i think it showed how centralized BTC and BCH are.
Nowhere near Satoshis vision where the miners can really vote on decissions
Carter Walker
>and they're limiting the blocksize
No they aren't. Do you shills ever give up?
James Allen
>no limit
That's how you encourage poison block attacks like a miner being like "HEY GONNA INCLUDE 6 TERABYTES OF TRANSACTIONS FROM MY OWN WALLETS TO MY OTHER WALLETS LOL ECKS DEEEE HAHAHA THE FEES GO TO ME ANYWAY SO ITS A FREE ATTACK TO MAKE FOR ME LOL ECKS DEE". That's insanity. Unless he has a plan for how to deal with that in another way.
Nicholas Hill
lol. I don't entirely (but still somewhat) agree, but this was top kek analogy. you have a gifted creative mind, fren. if you ever feel like you shouldn't spit out more of these, ignore that feel and let it flow.
you have a fan in me.
Lincoln Brown
> why the bitcoin cash hash war would cause a price dump of BTC
It wouldn't and it didn't. Only delusional retards believe that.
Isaiah Carter
When one of the fighting sides capitulates or goes bankrupt. There are billionaires on both sides with millions of BTC to fund the war, so the entire market will crash before this is over. And that is a good thing.
Isaac Hernandez
these are the ones that are making big noise, the other "billionaires" are silent, so I don't see how this is relevant to the price at all
nobody gives a flying fuck about the hash war except the fanbois
Sebastian Bell
The seethe is so good. Full Craigpitulation incoming.