Bitcoin Cash vs. Bitcoin SV: Six Months after the Hash War
blog.sfox.com
blog.sfox.com
Look at the hash rate: https://fork.lol/pow/hashrate
Bitcoin SV isn't just a miner-driven fork; the project was created by Craig Wright, who claims (without any solid proof) to be the creator of Bitcoin. It's a complicated and bizarre political situation.
Just thinking about that is ridiculous. CW is worth $500m and some change and that's not enough..?
As for bcash, don't forget about Ver. While I get where he's coming from with having so much time and money invested in btc and such, along with wanting to have a 'cash' type coin, it's just not reality. Bcash has never stood on the solid foundation that btc has. It can't. I don't disagree with the btc people that the btc blockchain is too slow (as is) to handle massive transactions. And that being the case AND also the fact that is has not been hacked in over a decade, you just have to concede that it is what it is. It's the worlds oldest and most stable blockchain and the value is not in small transactions, but hodl.
So, SV is a fraud, bcash is welcome to try its hand at massive block sizes, but will ultimate, just be a side show.
I keep going back and forth between POW and POS/DPOS... Some chains to think about in regards to their governance, txn volume and throughput: Tron, Eos, and Eth, and IOTA. (I personally, think Eth is already v1 tech..). These are the guys I'm watching through 2020.
All he has to do is sign a few words with an early wallet and the matter would be resolved instantly.
He's been caught out numerous times modifying timestamps on documents and flat out lying to deceive those with little understanding of cryptographic proofs.
The man is charlatan plain and simple.
He tweeted he has enough assets to dump BTC down to $1000 in an poor attempt to threaten the BTC community but he now even deleted his Twitter account.
If he was really Satoshi, somehow he seems to have lost most of his brain in the last 10 years.
You are missing so much of the real story. The reason Bitcoin Cash exists is that more and more people where fed up with the direction taken by the Bitcoin Core dev team (pushing alpha quality softwares as solutions)
With their superior programming skills they would have surely become the most trusted implementation.
Does anyone do that thing?
Yeah, me.
The split has also highlighted the complex tangle of factors that makes Bitcoin work. That mix has proven extremely difficult to replicate, with both Bitcoin SV and Bitcoin Cash competing for users, miners, developers, and popular press attention in a market jam-packed with Bitcoin-wannabes.
I wonder what the market cap would be if you only count coins which have seen at least one transaction since the fork.
The "market cap" of a currency is kind of a weird concept to begin with. It's based on the presumption that you could buy every single unit of the currency at the current market price, and that the currency would still even have meaning afterwards. It's a gross approximation at best for a stock; for a currency, it's absurd, and even more so for one with a market as shallow as a cryptocurrency.
This war proves bit coin has failed in that regard.