Quote from: mey466 on November 23, 2018, 08:59:21 PM

Quote from: sorrysteve1 on November 19, 2018, 11:38:38 AM

It was my understanding that bitcoin cash (BCH) is no more, there is now BCH ABC and BCH SV that have been issues 1:1 in replacement of any BCH holdings. Perhaps I am mistaken in this?

My understanding is also like that the original BCH changed to BCH abc , many thought that the incident made the price of bitcoin down

Technically BCH is now BCH ABC but the BCH SV people will deny that and have not conceded yet.

BCH has split into 2 (forked) and the dominant chain is BCH while the other is considered a "forked alt". (BCH ABC is the dominant chain)

Symilar to when Bitcoin split into Bitcoin Core and Bitcoin Cash.

Bitcoin core was the dominant chain and is referred to as "bitcoin" while bitcoin cash became a "forked alt" (which is heavily disputed by the Bitcoin Cash zealots who still claim it to be the "real bitcoin")

BCH is still unsafe to split into BCH ABC and BCH SV because neither chain has implemented replay protection and Craig Wright has made several threats about "losing both coins if you split it". With the potential 51% attacks looming, chain re-organisations (already happened on SV) and transaction spam attacks and Ddos attacks on the coin networks - BCH is rapidly losing the practical uses it had. Vendor and Exchange support is dropping. The bleeding has extended to other cryptos.

Often there is no love lost between competing cryptos and their communities but I believe this "war" will have a long lasting effect on both SV as well as ABC. I think it will have a detrimental effect on the future of BCH. Any gains of popularity (low Tx fee & faster Tx) will be lost. Investors have long memories and the market is full of competing products that conduct themselves with more dignity.

EDIT:

https://www.ccn.com/bitcoin-cash-price-drops-12-to-new-all-time-low-at-190-whats-causing-it/

Quote

Since November 7, the Bitcoin Cash price (BCH) has dropped from $640 to $190, by more than 70 percent.

Prior to the hash power war between Bitcoin Cash and Bitcoin Cash SV, a camp led by CoinGeek, Calvin Ayre, and Craig Steven Wright, the price of BCH plunged from $640 to around $450.

As I predicted:

Quote from: xtraelv on November 21, 2018, 03:34:49 PM

Craig Wright might be planning to do this for years - but the people that are financing this bloodbath will eventually come to their senses and concentrate on making money rather than throwing it away.

Once the markets really get back to normal with seperate ABC and SV markets the dumping of those coins will start.

https://www.bloomberg.com/news/articles/2018-11-23/bitcoin-cash-wars-end-with-no-relief-for-biggest-cryptocurrency

Quote

In a web post Friday, Calvin Ayre, a billionaire representative of the group, said SV followers no longer want the name Bitcoin Cash but will continue supporting their own version of the network.

Quote

The other faction -- called ABC and pushed by the likes of investor Roger Ver, known as Bitcoin Jesus for his earlier crypto advocacy, and Chinese giant Bitmain -- will be in charge of Bitcoin Cash. ABC won a race known as the Nakamoto Consensus, in which computers that support the Bitcoin Cash network voted to go with either ABC or SV, which offered different technical improvements to the network.]The other faction -- called ABC and pushed by the likes of investor Roger Ver, known as Bitcoin Jesus for his earlier crypto advocacy, and Chinese giant Bitmain -- will be in charge of Bitcoin Cash. ABC won a race known as the Nakamoto Consensus, in which computers that support the Bitcoin Cash network voted to go with either ABC or SV, which offered different technical improvements to the network.