Quote from: oblivi on August 01, 2017, 02:57:50 PM

Quote from: Quantus on August 01, 2017, 02:50:00 PM

EPIC FAIL!
Bitmain Cash has less then 5% of Bitcoins hash power.
I'm calling it this thing is dead in the water. Even if it manages to produce a block in the next 24 hours it can't survive unless it gains a huge amount of hash power.

I always knew this would get nowhere. This was another setup by Bitmain to short the bitcoin price, it's what they always do, just look at the recent flash crashes. Im sure Jihan and co had shorts set and made a lot of money on the suckers that dumped due FUD.

This doesn't match up with the price action at all. For the last couple weeks, Bitcoin Cash FUD was on the menu. And for the last couple weeks, price rose very steadily from $2400 to the $2900s. After the BIP91 threat passed, the market just trended straight up. So if Jihan took out lots of shorts, at best he's probably breaking even (assuming he managed to close on the dip last night).

It's not surprising that Bitmain has certain entrenched interests it wants to protect in the long term. That doesn't mean they are trying to create short term FUD to short the market.