Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
BSV as opposed to what? BTC? From a fundamental analysis they are exactly as centralized as each other.
That's a steaming pile of horseshit if I ever saw one.
First of all, BTC's hash rate is about 60x bigger than that of BSV.
Second of all, BSV's hash rate is highly centralized among a small number of miners.
Such differences are not fundamental, and not due to any technical aspect of the coins/chains in question. They are merely differences in today's preferences of the market participants.
BSV is mineable by the same set of participants as is BTC.
And yes, collusion between three miners is sufficient to amass 51% hashpower on the BSV network today. While such collusion on the BTC network would require the astronomically higher number of four.
Is this when jbreher pulls up some exceptional definition of centralized, to school everyone on how by that one-off definition BTC is as centralized as BSv? Where we all know that he's full of it?