summary of what happened:
- August 1st BCH was created to attack bitcoin, they implemented EDA or difficulty manipulation
- SegWit2x was suspended
- BCH pumpers used this to FUD bitcoin and pump BCH
- higher price of BCH + lower manipulated difficulty => incentive for miners to switch
- sudden lower hashrate on bitcoin + no difficulty manipulation => temporary harder to find blocks
- lower number of blocks found => bigger mempool => higher fees.
all will be fine soon
- difficulty adjustments will start + the BCH pump will end => incentive to mine BCH is removed
With all these, everything is still ephemeral because sooner or later, people will come back to the origin and realize that there is no other way. In the case of BCH, a lot of innocents will have to bear the brunt because they will not be notified when the party will be over while they will be thinking the party is just starting but they are actually leaving the party for the remnants to be taken care of by the excessive greedy individuals.