So If I understand this correctly:
- BCC steals all BTC hashpower because moneyz
- very very few blocks can be made
- difficulty adjustment only after 2016 blocks,
- It's not possible to make all of the blocks because diff. is too great
- BTC goes to 0
- Crypto economy crashes
- "fuck your mother if you want fuck"
Correct?
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Basically. Autistic Jihad thinks everyone will just switch to bitcoin cash. They won't, entire crypto will crash.
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Most BTC HODLers don't give a fuck about Jihan and Roger's shit coin which only gained any traction at all because it was pumped on Korean exchanges. It's all temporary bullshit that BTC will swallow back up.
it takes lot of money to pump BCH like this
but if BTC rises BCH pumpers will have very hard time to keep the ratio
So why didn't most BTC hodlers dump? Literally only thousands out of millions of coins have even been for sale on the exchanges.
BTC will only slow down until BCH becomes less profitable.
>Crypto economy crashes
Nope because most big holders hold both coins.
It would be a temporary chaos, crypto shops would scramble to switch to bitcoin cash, that's all.
The only truly fucked people would be those that bought btc post-fork.
you skipped the part where BCH miners spike the difficulty rating up by mining too fast, making BCH mining unprofitable again within 1.5 days.
>Miners switch to BCC
>it starts spewing out free cash money
>dump BCC and stop mining
>difficulty adjusts back up
>Stop mining BCC
>difficulty goes back down
>start mining again, dump again
>rinse and repeat until BCC is dead and you've made a few hundred mil, then go back to mining the real BTC
Why would Jihan crash the market that is his bread and butter?
>The only truly fucked people would be those that bought btc post-fork.
The once who are truly fucked are those that are keeping their shit in offline / paper / cold wallets. They pretty much won't be able to tx their btc if it gets abandoned.
And when will that happen?
Famiry honorr
Tomorrow.
After BCH adjusts, miners will start to go back to BTC.
The cycle will certainly repeats itself several times.
It's mainly a pain for BTC, what could really threaten BTC is if BCH becomes as tradable as BTC on platforms.
wut
The only thing I don't like about BCH is that it's going to take months for it to make me rich instead of a week.
yes but bitcoin price won't fall that fast and cash's difficulty rises as fast as it falls so all the miners jumping over for short term profit will move right back
BCC's difficulty adjusts more often than BTC's difficulty.
When BCC adjusts down, miners jump on BCC to make profits until BCC adjusts up.
Then BTC is more profitable, they go back to BTC.
In the meantime BTC has slowed down a lot.
The only way to kill permanently BTC is:
BCC pumps and BTC crash together, when BCC's difficulty adjusts upwards, it's still more profitable to mine BCC.
BTC slowed down inexorably.
BCC takes the place of BTC.
Bch will be less profitable in less thank 1k blocks and faggots will bend the knee
Jihan is so stupid that his own "upgraded eda" will kill his tantrum and he will be remembered as the biggest faggot of crypto
so many blockstream shills spreading "entire crypto will crash" fud.
that's how you know bitcoin core is scared.
i've never had someone on biz tell me not to buy something before.
buy bitcoin cash right now, you wont regret it.
i did but i do. i'm worried it's a double bluff and i should have bought jewish buttcoin. the gooks on bithumb are starting to pump bch now though so time will tell.
paper wallets have private keys. A pre-fork paper wallet holds both coins