Quote from: AlexGR on November 17, 2017, 08:57:30 AM

Quote from: notme on November 17, 2017, 08:24:51 AM

Quote from: AlexGR on November 17, 2017, 08:19:41 AM

Quote from: notme on November 17, 2017, 08:07:52 AM

Yep, and those of us who were hodlers of both sides were labelled fools and shills. You've got to be a special kind of cocky to think only one side of a contentious fork is valuable and that you can pick which side that is immediately after the fork. Clearly there are people who value each path. That's why it is contentious.

A contentious fork is something different. BCH was not launched as a result of a contentious fork, more like an altcoin with a shared tx history but with different parameters.

A major catalyst for BCH was segwit being forced down miners throats when less than the original threshold was in favor of it.

IIRC the code was rather clear that in case of less than X% miner adoption segwit wouldn't happen, with X being something like 90-95%... how is that "forcing" miners? Segwit only happened because the miners signaled in favor of it - even though some had a twist (2x) to it.

Quote

BCH forked off to avoid segwit and increase blocksize. How is that not a contentious fork?

One morning Wu decided that if btc goes with segwit he will launch his altcoin. This is unilateral action. It's like me deciding that I want to launch bitcoin for whatever reason. It's not an organic split like what happened, say, in ETH, where the devs proposed a change and some people stuck with the old chain where "code is law". There's a difference. Even Wu won't claim BCH is Bitcoin. He says it's something different. At least he's honest about it.

Jihan Wu of Bitmain, also supposedly can still get 15% to 20% more in mining BCH than BCT with ASIC boost..asicboost does NOT work with ANY flavor of seg witness...

..thus he has slack to push this BCH protocol as a BTC replacement, and if that does not work...fallback as an ALTCOIN and if that does not work..he can dump it back to BTC

at a much lower price...(he has only accepted BCH since this Fall for Bitmain Equipment...obviously hoarding it for this option if needed)

than when BCH becomes an Altcoin he can run his older fading sha-256 miners in mass yet on BCH.... (sha-256 becoming obsolete BTC equip on and still use ASIC boost as a hedge win/win)

This is especially true,

if BCH does NOT work in the above manner...stalling the difficulty and obsolescence of his sha-256 stuff and the 15% to 20% hedge with asicboost....he can always dump ALL at a much

higher price back to BTC

Ideally, for him...in the longer term...with BTC price continuing upward....in price....BCH becomes a $400 or $500 USD mineable sha-256 ALT coin ....for his fading BTC miners and it is a

win/win/win o

Jihan Wu of Bitmain, with very little risk, whale wise...but a hell of a lot of upside for the trouble....

WELL PLAYED, WELL PLAYED INDEED! (Slow Clap)

(bitmain: we do evil well!) (tm bitmain)