CSW's "hash wars" impact on BTC price? - page 5.

cellard

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Quote from: Ewinsane on November 19, 2018, 02:28:02 AM

I still can't believe two sides of this war trying to win by no matter what the outcome would be. They are fine with losing millions of dollars on this war, they are fine with destroying life savings of many people, they are fine with almost any result except them losing.

Craig is really a crazy person and he should be really outed by the community, people giving him all the credit he has so far and letting him really do whatever he wants and still interviewing him and letting him speak on conferences and all that is really idiotic. This person is really a mental patient and he should be locked and reevaluated by a professional but here instead dude is a bitcoin billionaire with means to wage war against others and destroy the market we have been trying so hard to keep afloat.

Craig Wright said on a recent interview that he is ready to dump money into his shitcoin at a loss until 2026 or so.

And as far as Craig Wright being a billionaire, I really doubt it, he is the conman to play the role of the leader and Calvin Ayre is the the actual billionaire... if we are to believe that as well. A lot of trolls these days call themselves billionaire, like that Richard Heart guy, but they've got a couple million at best.

Ewinsane

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I still can't believe two sides of this war trying to win by no matter what the outcome would be. They are fine with losing millions of dollars on this war, they are fine with destroying life savings of many people, they are fine with almost any result except them losing.

Craig is really a crazy person and he should be really outed by the community, people giving him all the credit he has so far and letting him really do whatever he wants and still interviewing him and letting him speak on conferences and all that is really idiotic. This person is really a mental patient and he should be locked and reevaluated by a professional but here instead dude is a bitcoin billionaire with means to wage war against others and destroy the market we have been trying so hard to keep afloat.

Wind_FURY

legendary

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Quote from: jbreher on November 18, 2018, 01:07:41 PM

Quote from: Wind_FURY on November 18, 2018, 02:43:27 AM

Quote from: jbreher on November 16, 2018, 03:27:28 PM

Quote from: Wind_FURY on November 14, 2018, 01:41:11 AM

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.

voztata

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Quote from: Pursuer on November 14, 2018, 03:09:08 AM

Quote from: cellard on November 13, 2018, 11:25:14 PM

Will this be a non event or speculators will try to get some BTC out of it from noobs that fall into it?

bitcoin speculators have never shown any interest in mining and hashrate so far. they didn't even care about the bitcoin cash itself and the hashrate that it stole from bitcoin. so I don't see why they should care about fork of fork of bitcoin and what that does!

it is funny that I all I can think of is all these empty blocks Cheesy

so far we have 32 MB block space for BCH that is 99% empty and now when it forks to a new coin we will have 2 set of empty blocks that nobody uses at all... it is like an abandoned house of horror....

Well, it is now a good time for Roger to get a feel of what it is going to be like for his own useless forked coin that was never necessary in the first place. Everything was so glaring that increase in block size is never the solution and how long was he planning to keep increasing the block size anyway? Until it practically becomes centralized?
Just like someone rightly said, this is him getting a taste of his own medicine, just that in this case, it is a useless coin that no one cares about and I really will not see it impacting much on bitcoin itself anyway.

jbreher

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lose: unfind ... loose: untight

Quote from: Wind_FURY on November 18, 2018, 02:43:27 AM

Quote from: jbreher on November 16, 2018, 03:27:28 PM

Quote from: Wind_FURY on November 14, 2018, 01:41:11 AM

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.

Wind_FURY

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Quote from: jbreher on November 16, 2018, 03:27:28 PM

Quote from: Wind_FURY on November 14, 2018, 01:41:11 AM

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.

BitHodler

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Quote from: tokeweed on November 17, 2018, 04:44:49 AM

And how can we even assure Ver and Wright aren't manipulating everything behind the scenes?

Roger is all about his Bcash being the form of money that Bitcoin (according to him) isn't, and of course his precious merchant adoption. This drama doesn't yield anything other than losers, and for that reason pretty legit.

Craig Wright is a psychopath, someone who doesn't want to see anyone operating above him, because he is satoshi at the end of the day. He owns Bitcoin. He can't accept that Bitmain is the main reason Bcash has its current value.

If BCHSV ends up being supported by both nChain and CoinGeek, they will eventually start fighting as well, and from there it's just a matter of time before CoinGeek either goes back to ABC, or forks off to become a seperate coin.

clrpod

full member

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Quote from: TomCrypto on November 16, 2018, 04:31:44 PM

It's so fun to watch this Hash war!

Keep on burning your cash and make me laugh!!!

( source )

This is quite brilliant, it's intriguing the level of commitment both sides are putting in to this, at least from a financial point of view. You've got to think one will crack eventually, one thing Craig Wright was right about is that it's not good for bitcoin because eventually both sides will have to either sell bitcoin to fund this or move miners over.

cellard

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Quote from: pugman on November 16, 2018, 05:45:32 PM

Quote from: cellard on November 13, 2018, 11:25:14 PM

Craig Wright is back with his Bitcoin SV fork, and is showing strenght thus far with the amount of hashrate that is going to support the Bitcoin SV fork.

Apparently Roger Ver and Jihan Wu aren't supporting it, hence why the "hash wars" terms. With Jihan's empire against Craig Wright's 70% current hashrate it's going to be interesting.

The reason I ask about BTC price is because if Jihan wants to ensure CSW doesn't win, he may be forced to allocate BTC hashrate into this developing clusterfuck in BCash.

Will this be a non event or speculators will try to get some BTC out of it from noobs that fall into it?

Why is this fork thingy happening again?

I know nothing of what has been going on with the crypto market scenario for the past two months at least, so someone PLEASE explain, cause the internet is well ...being the internet. Undecided

I really need to catch up with things around here. And also fuck Craig Wright and Roger Ver and Jihan Wu(whoever the hell he is).

It began with a split on CSW and Calvin Ayre's roadmap conflicting with the plans Roger Ver and Jihan Wu had for BCash. As a result, we are watching an ego-trip of 2 wealthy sides that will end up bankrupt or lossing a ton of actual bitcoins in the process, which is good for Bitcoin.

Quote from: jbreher on November 16, 2018, 03:27:28 PM

Quote from: Wind_FURY on November 14, 2018, 01:41:11 AM

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

Which broke some contracts as they used cloud mining of people into their shitcoin. There's a lot of people complaining about how they saw their hashrate mining BCHABC when they bought BTC hashrate.

This will not end well on both sides.

tokeweed

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Life, Love and Laughter...

How is this even a hash war when both BAB and BSV will end up continuing on anyway? I mean we've seen it all. This is no different to the forks of the past...

And how can we even assure Ver and Wright aren't manipulating everything behind the scenes?

Quickseller

copper member

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An assumption made by crypto holders is that miners will act in their own self interest and not risk the value of their equipment to try to attack the Blockchain of a coin they are mining, especially for a major (alt🧺) coin.

CW is suggesting this might not be a valid assumption. If BCH is effectively destroyed then I suspect there will be much less confidence in crypto including bitcoin. If BCH survives without a Blockchain related attack, additional confidence in crypto may be installed.

pugman

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dogs are cute.

Quote from: cellard on November 13, 2018, 11:25:14 PM

Craig Wright is back with his Bitcoin SV fork, and is showing strenght thus far with the amount of hashrate that is going to support the Bitcoin SV fork.

Apparently Roger Ver and Jihan Wu aren't supporting it, hence why the "hash wars" terms. With Jihan's empire against Craig Wright's 70% current hashrate it's going to be interesting.

The reason I ask about BTC price is because if Jihan wants to ensure CSW doesn't win, he may be forced to allocate BTC hashrate into this developing clusterfuck in BCash.

Will this be a non event or speculators will try to get some BTC out of it from noobs that fall into it?

Why is this fork thingy happening again?

I know nothing of what has been going on with the crypto market scenario for the past two months at least, so someone PLEASE explain, cause the internet is well ...being the internet. Undecided

I really need to catch up with things around here. And also fuck Craig Wright and Roger Ver and Jihan Wu(whoever the hell he is).

TomCrypto

full member

Activity: 715

Merit: 220

It's so fun to watch this Hash war!

Keep on burning your cash and make me laugh!!!

( source )

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: Wind_FURY on November 14, 2018, 01:41:11 AM

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

Last of the V8s

legendary

Activity: 1652

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Be a bank

hover your mouse over the link you put, here:

Quote from: cellard on November 16, 2018, 12:31:43 PM

https://www.cash.coin.dance/blocks

there's a colon there between 'coin' and 'dance'. should be a full stop!

cellard

legendary

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Merit: 1252

Quote from: Last of the V8s on November 16, 2018, 12:46:02 PM

@cellard look at the web addy you posted when you hover over it. seems to be a colon or something not a dot....?

but the screenshot is about right, they're 'behind'

The url was correct, but it seems that if you add "www" you get the "Your connection is not secure The owner of www.cash.coin.dance has configured their website improperly." message. Without www it should be working now:

https://cash.coin.dance/

And wow they are really behind now. And if im following correctly, ABC team did something to avoid reorg by addition of a very controversial checkpoint. So looks like we have 2 Bcashes now

Last of the V8s

legendary

Activity: 1652

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Be a bank

@cellard look at the web addy you posted when you hover over it. seems to be a colon or something not a dot....?

but the screenshot is about right, they're 'behind'

cellard

legendary

Activity: 1372

Merit: 1252

Anyone else gets an error here claiming that the site is not safe to visit?

https://www.cash.coin.dance/blocks

I reckon this is where people were getting screenshots like this:

And to update this... BSV is losing hashrate against ABC:

Craig Wright is back on twitter rambling about patents and how this is a marathon not a spring. ABC devs also doing shady things:

https://twitter.com/bsmith12251960/status/1063277772792102912

Battle of the shitcoins indeed.

clrpod

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Quote from: STT on November 15, 2018, 10:42:29 AM

Quote from: clrpod on November 15, 2018, 05:29:01 AM

For anyone who hasn't looked. It's worthwhile following his twitter. He seems a little psychotic lately and has a huge vendetta with bitcoin. He's claiming responsibility for the latest crash and says he'll push bitcoin down to $1000 or less. If he keeps this up he's going to have a lot of enemies and with the amount of people he's claiming to have screwed out of a lot of money. He should be keeping himself hidden for some time.

I know people might not like this exactly but one person selling into the market even if it does drop the prices is not an overall negative. His threat of pushing the price anywhere shouldnt really be that important when its just a temporary change in supply, I dont know how other big players might trade this but often a spike in shorts or whatever is used to flip a quick profit as they can buy up that BTC until shorts close out at the higher price. This guy might have alot of BTC compared to many people but he isnt bigger then the overall market.

The only way its going to matter is if BTC was already due to revise this price area and he triggered that, in that case it was going to happen anyway. I also predict the price might resolve upwards, checking the 6100 area before markets decide enmass on a direction up or down. Maybe the 15th is the peak of uncertainty in price, I'm not clear on the timetable for this being resolved exactly but the market often surprises

I actually agree. I don't believe that he is behind the crash, I think it's just him trying to get some limelight as always. But if he is, or whoever is, if they're going to sell it might as well be sooner rather than later, that way the market is going to recover sooner. I do think the hash war has some time to run, unless CSW is clueless, he's claiming it will be over weeks, months or even years.

Wind_FURY

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But what did Craig Wright really expect from this "hash war"? That he could win it? Declaring a hash war against Bitmain is like the most moronic thing he can do.

This is drama to attract attention, and liquidity for their exit scam.

Topic: CSW's "hash wars" impact on BTC price? - page 5. (Read 1894 times)