What I wrote back on 21/8 is fairly similar
Segwit2X is designed to fail (Garzic is not even implementing Replay Protection) which will ensure Core supporters dislike it, and they can spread there ideas easily to those who are on the fence.
These little pumps in the BCH price are designed to shake out the core supporting BTC holders. They will play with the price until November enticing us to sell in various ways.
Then November comes, Segwit2X fails, Jihan switches to BCH and then the real push starts.
BTC is left with 10-20% of hash power and stalls for a few weeks/months until the difficulty re-calc.
No-body is left to hold back the BCH price and it is pushed dramatically upwards to try and create a viable alternative, Main stream media is saturated with anti BTC articles. BCH announce a bunch of partnerships and deals.
There is more to their plan, than we have seen so far.
Maybe good to pick up some cheap BCH over the next few months to help kill it later.
Everything that has happened so far was easily predictable in advance, this is just the opening (sacrificial) battle, in a war. Perhaps I am giving them too much credit, but, I think they are playing a longer game than we currently see.
This turned out to be pretty accurate, and I had no special insight, anyone can invent conspiracy theories.
Segwit2X is designed to fail (Garzic is not even implementing Replay Protection) which will ensure Core supporters dislike it, and they can spread there ideas easily to those who are on the fence.
These little pumps in the BCH price are designed to shake out the core supporting BTC holders. They will play with the price until November enticing us to sell in various ways.
Then November comes, Segwit2X fails, Jihan switches to BCH and then the real push starts.
BTC is left with 10-20% of hash power and stalls for a few weeks/months until the difficulty re-calc.
No-body is left to hold back the BCH price and it is pushed dramatically upwards to try and create a viable alternative, Main stream media is saturated with anti BTC articles. BCH announce a bunch of partnerships and deals.
There is more to their plan, than we have seen so far.
Maybe good to pick up some cheap BCH over the next few months to help kill it later.
Everything that has happened so far was easily predictable in advance, this is just the opening (sacrificial) battle, in a war. Perhaps I am giving them too much credit, but, I think they are playing a longer game than we currently see.
This turned out to be pretty accurate, and I had no special insight, anyone can invent conspiracy theories.
That's was a very good prediction of what is now happening. The war on Bitcoin is just starting, and I fear that there will be a bloodbath coming. All because of ego and greed. Perhaps the SegWit2x cancellation was part of their plan. They knew what they were doing all along. It remains to be seen how strong and resilient the Bitcoin network is to that attack, and whether on not it will come out of it victorious. We will know soon enough.
What distresses me is a lot BTC whales dumped their BCH for a low value. Now, Jihan , Ver and Co. have a large amount of BTC, and a large amount of BCH, and we have nothing to fight back with.
They can't hold the BCH price artificially high forever.
After UASF and the failure of 2X, the power in Bitcoin has confirmed its real position, and thats with the users.
A POW change is maybe the last step to fire the disruptive element. The appetite for POW change may have lessened with the failure of 2X, but now is the time we must prepare for it, and build a consensus for what should trigger it in the future. That alone should bring the disruptive element into line. The penalties for future disruption would be clear.
The miners use their hash power as a weapon, the non-miners also have power over that weapon, as we determine the POW.
, 28% in the last 24h, Transactionfees of BTC are 8x higher compared to BCH