Post
Topic
Board Speculation
Re: CSW's "hash wars" impact on BTC price?
by
Wind_FURY
on 19/11/2018, 05:03:08 UTC
Roger Ver and the Bitcoin Cash community said that, nodes do not matter, and the miners decide. Well the miners have decided. Bitcoin SV will be the real Bitcoin Cash! Hahahaha.

What now? Will they say that non-mining nodes matter, and that users should decide? Or that Bitcoin SV is an attack? Cool

No. ABC redirected 4Ehash from BTC mining to Bitcoin Cash ABC mining in order to show mining strength.

Then I believe that it only illustrates that Bitcoin Cash ABC is so centralized that there are actors that have enough hash power to 51% attack it trivially.

Quote
Thereby demonstrating the fact that non-mining, fully-validating clients (often mistakenly called 'full nodes') are irrelevant against the non-sybillable mining power.

Hahaha no. Everyone can now clearly see what "would have been" if the users did not fight back against the miners last year.

ABC already had a 4:1 advantage in so-called 'node' count. If so-called 'node' count actually mattered, they would not be willing to lose $450,000 per day on redirecting mining power from BTC to Bitcoin Cash ABC.

It showed that users mattered in Bitcoin during the proposed 2X hard fork by signers of NYA which had the biggest mechants and, I believe, by the people who controlled more than 50% of the hashing power. Bitcoin Cash does not have that philosophy.

But "losing $450,000 per day" is a dick measuring contest between two centralized parties for something that no one wants.