Quote from: Bancorholder on August 06, 2017, 12:15:58 AM

Quote from: deisik on August 05, 2017, 05:25:14 PM

Quote from: Bancorholder on August 05, 2017, 02:58:37 PM

we will know the answer at the next difficulty adjustment in 6 days.. BCC has fast difficulty reduction, if that kicks in and the difficulty goes down, miners will hop en masse while starving the btc chain. That is the moment of truth. Right now, everyone is just counting their future bitcoin earnings not thinking for a moment that value of their prized coin is about to be challenged in a serious way

And what is it going to change?

The price is determined at exchanges, while traders don't particularly care about how long it takes for transactions to confirm and how much people have to pay as fees. Even if half of all the miners all of a sudden switch to mining Bitcoin Cash will it help its price, and if it will, how exactly, i.e. by what means? The mining difficulty of all shit coins is next to nothing but that alone is certainly not enough to magically resurrect them and keep alive. Really, if no one is going to use BCC, what is the purpose of all that hashing power accumulated by miners that would amount to mining almost empty blocks?

Mining is a selfish business. The idea is that we will see some BTC miners migrate to mine BCC and then

*this is where my wild speculation happens*

Big Blockers suddenly leave BTC to mine BCC (which was always the plan). BTC at this point grinds to a halt because they can't adjust to the situation and because the remaining BTC miners cannot mine BTC at this point they will switch en mass to BCC. The result is chaos resulting in BCC going up in value, BTC going down because BTC holders will want to hedge their holdings by buying into BCC. You say nobody is going to use BCC but what I am saying is they *might* if the BTC network grinds to a halt for a prolonged period

This is not wild speculation

This is wet dreaming by any name. And you told it yourself that mining is a selfish business, i.e. aimed at earning profits before anything else. So why miners should drop the golden goose that genuine Bitcoin is and massively switch to something which would be giving them only losses? They won't switch to Bitcoin Cash until its price comes close to the price of Bitcoin, but this is not going to happen. I'd rather say that BCC is sooner going to kick the bucket than rise in value. The price dynamics are pretty dismal for Bitcoin Cash right now and its chances are not very encouraging overall