Re: Bitcoin Cash trading well. Bitcoin's future uncertain.
It's still a fake bitcoin.
The only real one is bitcoin unlimited infinity classic pwnzor plus with a 320tb block size.
The only real one is bitcoin unlimited infinity classic pwnzor plus with a 320tb block size.
no. the real bitcoin is not bitcoin unlimited, nor bitcoin classic, not bitcoin xt, nor bitcoin cash, nor any other names they will come up with in the future.
the real bitcoin is what the majority of the network accepts as bitcoin with certain consensus rules and the minority (meaning the handful of public figures trying the takeover) need to accept it and respect the majority even if they think they are wrong.
This was pure humour mate
!Anyway, you need to make a distinction about what the majority is. If for you the majority means the miners, we are in a very bad situation, since there is near a monopoly on the ASICs production, and the only producer, that probably has thousand of units waiting to jump on Bitcoin
the majority is the combination of miners, developers, nodes, all the people owning any bitcoin, all the businesses that are working with bitcoin, all the service providers such as wallets, etc. and all of these are with bitcoin not bitcash or any alternative.
and as a matter of fact miners are not interested in a forked altcoin. there is only ViaBTC which also has the coin listed on their self made exchange. even bitmain said ViaBTC is on their own and they are honoring the NYA with SegWit2x.
and the miner's ASIC production is not free.
their electricity is not free either.
their taxes are not zero either
the employee payments are not zero either
the contracts they have to be able to mine are not free either.
and all this needs a profitable operation on bitcoin with high price not an alternative chain with tokens worth $100 and falling.
Yeah, in fact it is not free, but currently the situation is that Bitmain announced its intention to fork. And what is sure is that they have a big stock of money and ASICs already ready to mine. They probably have hundreds of thousand of Antminer S10 that will be used to mine their BCC.
The price of BCC is still low, but I think what they except is to profit from this, accumulate, and with the game of "I have more hashrate than you", makes BCC the main chain in term of hashrate.
My theory has a lot of "if" but still this is probably, but I frankly hope not.