Which Bitcoin chain is the most centralised around miners? [Info-graph]
Bitcoin Cash vs Core Centralisation
Jack Reyes
Leo Scott
they're both highly centralized by chinks, bcash more so, but they're both well beyond the threshold.
the real question you should ask yourself, is why didn't bcash fork to a new proof of work to actually decentralize itself. right now it has less hash power than some alts, so it's not like they would be less secure.
find out why bcash didn't, and who has the most to lose by a change in proof of work, and you find out who actually controls bcash.
Elijah Hughes
In a case a 51% attack happened to a coin, as it did at the time of the Segwit fork, the 49% would simple fork away and sell all of their 51% coins, and continue as normal.
This resilience is a component of bitcoin's (notably BCH's) decentralisation.
Cameron Campbell
See Hard forks are a key component to Bitcoins decentralisation. BCH's fork was a huge success demonstrating this power and resilience.
Gabriel Morgan
The purpose of this thread was to dispose of the myth that BCH is supposedly a "chinky centralised scam" as many trolls proclaim.
The evidence in fact shows, ironically, that it is actually currently LESS centralised than BTC.
Lucas Johnson
Notice how my thread hasnt instantly been raided by anti BCH shills, spamming their redundant 12 year old trolling all over.
Maybe its because they're scared of this fact.
Ian Cox
desu, the segwit2x fork should have went through back in autumn 2017, then none of those shitcoins would be worth anything
Adam Ross
>success
it was a huge failure, they had to destroy satoshi's work on proof of stake to allow their minority fork to exist, and in the process broke it so badly they ahd to hard fork again just to fix it. all the while miners were taking complete advanage of it to mine massive amounts of coins.
look at the incentives, bcash only serves miners, and "insiders". a smokescreen of hype doesn't change that, don't get distracted by it.
Lincoln Brooks
>look at the incentives, bcash only serves miners
Welcome to bitcoin. Mining support the network, and are incentivised to do so by block rewards.
If there was no incentive, they wouldnt do it = bye bye bitcoin. Bitcoin is not based on altruism. It is a trust less system based on incentive and competition.
Elijah Cooper
what is all this BCH shill all of a sudden?
every third thread is about this failure of a fork.
roger ver bet on the wrong horse and now he's paying hordes of shillbots to get a normiebase to dump on.