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Topic: CSW's "hash wars" impact on BTC price? - page 7. (Read 1894 times)

legendary
Activity: 1806
Merit: 1521
November 14, 2018, 09:14:39 AM
#8
I'm not sure why it would impact the price much. When BCH pumped a couple weeks ago, the rest of the market didn't follow. So I don't expect the rest of the market to follow what it does here either.

If Jihan pulls hash power away from Bitcoin, it won't matter. It didn't matter when the original BCH fork happened, and price doesn't follow hash power anyway.
full member
Activity: 322
Merit: 114
November 14, 2018, 05:32:03 AM
#7
It's nice to see Roger Ver getting a taste of his own medicine. Thankfully neither him or CSW can have much influence on Bitcoin, that's been shown before. Bitcoin price won't be changed because of this, even if a few miners move away they'll come back because bitcoin will be the coin to prevail in the long term. I don't think anyone will be speaking about bitcoin SV in a years time, just like the only time people speak about bitcoin cash is when crap like this comes up.
hero member
Activity: 1330
Merit: 569
November 14, 2018, 04:57:17 AM
#6
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?

When I got the notification about the impending Bitcoin cash fork, I was just wondering what they have turn the entire fork opportunity into and in a short while, that same fork would also be made to go through another fork. The point is, they have turn everything into a joke.

I am now surprise that Roger Ver is now against the fork of his promoted Bitcoin cash despite his very potent stand when it was against bitcoin last year and the reason his simple because his influence would be diluted and the argument would then change from BCH being the real bitcoin or the forked BCH is the real bitcoin. Its obvious they have lost their ideology along the way.

On its influence on bitcoin, I think bitcoin has moved on to have an independent run away from forks and counter forks that have pervaded the entire industry in the last one year.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
November 14, 2018, 03:09:08 AM
#5
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....
hero member
Activity: 3150
Merit: 937
November 14, 2018, 01:54:35 AM
#4
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?

Damn,bitcoin cash doesn't look like a functioning coin to me.It looks like a private company,in which 2-3 shareholders are fighting against each other for a bigger piece of the pie,and it's all about money. Grin
I feel sorry about all the bitcoin cash supporters outthere.They were manipulated to think that BCH is the real bitcoin.How sad.
Anyway,there won't be any impact over the Bitcoin Core price.
legendary
Activity: 2898
Merit: 1823
November 14, 2018, 01:41:11 AM
#3
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.

This is funny. Bitcoin Cash is a parody of itself. 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

Quote
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.

Good, more opportunity for honest Bitcoin miners.

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

Bitcoin does not care. Cool
legendary
Activity: 3472
Merit: 10611
November 13, 2018, 11:44:16 PM
#2
in the long run it will not matter at all because miners will always mine what is most profitable and bitcoin will remain that. similar to bitcoin-cash shenanigans we can expect a lot of chaos in bitcoin when they steal hashrate by making their chain more profitable to mine at first but in the end miners will come back to bitcoin. and as a result there won't be any bitcoin price change.


by the way, how do you know the following. SV chain has not started yet, has it?
the amount of hashrate that is going to support the Bitcoin SV fork.
legendary
Activity: 1372
Merit: 1252
November 13, 2018, 11:25:14 PM
#1
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?
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