Cobra: Bitcoin ABC Will Lose the Hash War

X-ray

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Quote from: rindo on November 15, 2018, 08:08:00 AM

This hardfork seems to be the biggest culprit at the moment. Another reason for the crash is the extremely low trading volume. The Bitcoin exchange rate is stuck and that creates little confidence among cryptocurrency investors. The official version has been developed by Bitcoin ABC, while a majority of minors supports Bitcoin SV instead, the version developed by the Craig Wright company called nChain.

Faketoshi was using bitcoin SV (It must be faketoshi vision) to take the benefits for himself and look at his article like this one
https://medium.com/@craig_10243/taking-care-of-business-63430b62be2f
This guy really care about this because he is looking for money and money. faketoshi has an intention to use bitcoin as his business.

ninobtcx

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Anyone can post a link to Cobra's tweet saying that bitcoin.org endorses BCHSV?

Can't understand why an entity linked with the respectable Bitcoin dev team would go hand in hand with a good at nothing like Craig "Faketoshi" Wright.

By the way..

BCHABC officially won hash war.. read the announcement on https://cash.coin.dance/

Announcement

Coin Dance is now able to declare that both active chains will continue to be permanently split into the foreseeable future. The majority of businesses in the cryptocurrency ecosystem are now using Bitcoin Cash (BCH) to refer to the chain maintained by miners operating in consensus with the latest implementations from Bitcoin ABC, Bitcoin Unlimited, Bitprim, Bitcoin XT, bcash, and bchd. A number of exchanges have added support for the Bitcoin SV chain under the Bitcoin SV (BSV / BCHSV) name but general app support is currently very limited. Expect to see announcements made from each of the major companies in the Bitcoin Cash ecosystem that clarify which chain(s) they will support going forward.

rindo

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This hardfork seems to be the biggest culprit at the moment. Another reason for the crash is the extremely low trading volume. The Bitcoin exchange rate is stuck and that creates little confidence among cryptocurrency investors. The official version has been developed by Bitcoin ABC, while a majority of minors supports Bitcoin SV instead, the version developed by the Craig Wright company called nChain.

talkbitcoin

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All I know is that I know nothing.

Cobra is most probably saying these things nowadays because he is one of the biggest advertisers of a PoW change and wants to force bitcoin to change its mining algorithm and ruin everything about bitcoin!

otherwise we can not really predict what is happening over at BCH chain because they are centralized and they are all scammers who know well enough what they are doing. and that is to create a new pump and dump coin to make more money not kill each other.

Saugani

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#BUIDL team to become delegates-validator

Quote from: Jie He on November 15, 2018, 02:45:53 AM

Cobra, founder of Bitcoin.org, said on Twitter, "Bitcoin ABC will lose the hash war no matter how much hash they steal from Roger and Jihan's pools. The miners backing SV are only exclusively mining BCH. They can wait however long until the temporary pro-ABC hash goes back, and then re-org the chain back to remove ABC blocks." Source: https://www.coinness.com/news/155408

its simple: because the hash rate can kill a chain. “survival is the final debate, the very reason that determines right from wrong"

I think views from Craig SW are likely to be wrong, so Craig SW vs Bitmain

a. Attacker use more hashrate, mine blocks on the ‘attacker chain’ which is longer than the original chain
b. The ‘attacker chain’ will then be broadcasted to the entire network and the nodes will follow the rules: adopt the longer ‘attacker chain’ and abandon the original chain. on below shows how the ‘’attacker chain’’ will be accepted by the nodes as the main-chain

It will hard fork to secure chain BSV. They also announced that they would stage a hash war with chain ABC (version 0.18.2) in order to kill the chain completely.

Bitmain can use hashrate from BTC to engage in the BCH hash war and thus has more hashrate than Craig SW.

BitcoinHodler

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HODLing is an art, not just a word...

that doesn't sound right at all.

first of all everyone in bitcoin world knows that Bitmain (Jihan Wu) has the highest hashrate in the whole world which is dedicated to bitcoin and bitcoin cash. and majority of BCH hashrate (more than 90% of it) belongs to Bitmain. and BCH is turning into BCH-ABC which means it will succeed without any "war"!!!
bitcoin-SV however has little support and little hashrate with no giants like Bitmain so it is bound to either fail or exist with minimal hashrate. unless they can pump it ridiculously high so that miners willingly go there for the profit alone.

Levious

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This is impossible. The founder of SV deliberately screamed and said it was worried about failure. The power of adb is not trivial. I think SV will fail. Their war forced the cryptocurrency market to violently oscillate. I don't believe SV has the ability to withdraw all BTC miners to work for BCH.

Jie He

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Cobra, founder of Bitcoin.org, said on Twitter, "Bitcoin ABC will lose the hash war no matter how much hash they steal from Roger and Jihan's pools. The miners backing SV are only exclusively mining BCH. They can wait however long until the temporary pro-ABC hash goes back, and then re-org the chain back to remove ABC blocks." Source: https://www.coinness.com/news/155408

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