Quote from: 1Referee on October 10, 2018, 09:08:43 PM

Quote from: pawel7777 on October 09, 2018, 08:56:02 PM

Who is creator of Bitcoin Cash and how exactly have they benefited any more than any other bitcoin holders?

Bitmain is it. That company is the main source of wealth and backing that BCash relies on. If Bitmain pulls back, BCash will turn into BTG within months.

considering how big their bcash bags are, i don't see that happening. Cheesy

Quote from: 1Referee on October 10, 2018, 09:08:43 PM

BCash represents both an attack on Bitcoin (which failed), and a backup SHA256 network allowing redundant gear to keep hashing in a profitable manner (which they succeeded in).

it was a pretty brilliant plan to address their oversupply of hardware. if they're using obsolete hardware to point at bcash, their mining costs are probably exorbitantly low. people (including me) always clown them about their bcash bags, but it's probably not as bad as it looks.

Quote from: 1Referee on October 10, 2018, 09:08:43 PM

How exactly have Bitcoin holders benefited from BCash other than selling their fork coins? It's not just free money that's handed over to them; if the attack succeeded Bitcoin would have proven to be easy to attack and take over. It was straight Russian roulette with potentially a catastrophic outcome. People don't realize how bad the situation at that point was. It's the first ever corporate takeover attempt.

i really don't think it really was a takeover attempt. XT, classic, BU were because they purported to decide hard fork validity based on hash power.

bcash was spun up at the last second before segwit activation and got very little hash power support at fork time. looking back, i think it was really more about bitmain's redundant hardware and to some extent, the ability to use covert asicboost. i don't think anyone thought it was ever going to be "bitcoin" and it obviously wasnt going to be adopted as such on that super rushed timeline and with such little exchange support. i also remember jihan wu iterating early on that "bitcoin cash is not bitcoin"......