Bitcoin Cash Is In The Middle Of a Heated HASH WAR

in #bitcoin • 5 years ago

Finally a little bit of excitement around here.
Crypto Twitter is going nuts because Bitcoin Cash is in the middle of a heated Hash War over the upcoming Bitcoin Cash Fork.

Ahead of Bitcoin Cash Hard Fork, The Coin’s Competing Visions Vie for Hash Rate

Credits: cointelegraph.com

You have Craig Wright, the guy who is claiming to be Satoshi Nakamoto himself but couldn't even provide the cryptographic proof proving that he is in fact Satoshi and has convinced maybe dozens of people all over the earth that he's actually Satoshi Nakamoto, and now he's splitting ways with Roger Ver and Jihan Wu to try and go start his own Bitcoin Cash Fork.

Now, we have two Bitcoin Forks where the two protocols will be locked into a battle with one another, what we are watching unfold here is a power struggle over a small group of very tiny men with very big egos, as to which one of them is going to control the leading social engineering scam and cryptocurrency.

Probably Satoshi's vision is going to try to increase the block size to like 128 Megabytes or something stupid, which probably is going to be so bad that they are not going to be able to have any nodes anywhere expect for maybe like three. It's going to be one of the most centralized cryptocurrencies out there except for Ripple.

Seems like they are pretty much just splitting the Hash Power and splitting market cap.

This infighting between Satoshi and Roger Ver is more likely to just completely destroy both protocols than anything.

Craig Wright tweeted something interesting,

Reveal spoiler

2.PNG

So, what he's basically saying here, is people that are switching off of BCH to go back and mine BTC or people that are going to mine like BCH etc, he's saying that if a hash war is what you want, a hash war is what you're going to get and he's actually talking about selling his Bitcoin in order to fund this hash war.

Now, we all know what happens when a large holder of Bitcoin decides that they are going to start liquidating their positions for whatever reason, is going to drive the price action down.
This could drive the price of Bitcoin down in a very short time

So probably Craig wright is dumping his Bitcoin to fund a losing war, to protect his ego? Roger Ver and Jihan Wu do the exact same thing because that's all Bitcoin Cash has been.

text03.png

My Gif.gif

OTHER READS

text03.png

#bitcoinash #hashwar #cryptocurrency
5 years ago in #bitcoin by
$0.46
  • Past Payouts $0.46
  • - Author $0.40
  • - Curators $0.05
12 votes
Reply 7
Sort:  
  • Trending
    • [-]
     5 years ago  

    Wow. Nice content! This war is interesting because people will have to reconsider their positions. There's a lot of money to be made if you play your cards right. I wonder if I should reinvest in both...

    [-]
     5 years ago  

    Or maybe they are dumping one another down.

    [-]
     5 years ago  

    Congratulations, your post received 59.79% up vote form @spydo courtesy of @aftabkhan10! I hope, my gratitude will help you getting more visibility.
    You can also earn by making delegation. Click here to delegate to @spydo and earn 95% daily reward payout! Follow this link to know more about delegation benefits.

    $0.00
      Reply
      [-]
       5 years ago  

      Resteemed by @resteembot! Good Luck!
      Check @resteembot's introduction post or the other great posts I already resteemed.

      $0.00
        Reply
        [-]
         5 years ago  

        This post has received a 50.00% upvote from @lovejuice thanks to @aftabkhan10. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.

        $0.00
          Reply
          [-]
           5 years ago  

          Well, if it tanks because he liquidates, it makes it a much better time to buy, right? Could be a good opportunity to invest a bit more.

          $0.00
            Reply
            [-]
             5 years ago  

            Hi @aftabkhan10!

            Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
            Your UA account score is currently 3.324 which ranks you at #7521 across all Steem accounts.
            Your rank has dropped 42 places in the last three days (old rank 7479).

            In our last Algorithmic Curation Round, consisting of 255 contributions, your post is ranked at #205.

            Evaluation of your UA score:
            • You're on the right track, try to gather more followers.
            • Your contribution has not gone unnoticed, keep up the good work!
            • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

            Feel free to join our @steem-ua Discord server

            $0.00
              Reply