/biz/ - Business & Finance

since the hashrate of a POW blockchain determines how secure it is and since high hashrate means high cost of mining equipment allocated to that blockchain. we can see hashrate as a linearly correlated to price. since a highly valued blockchain needs to be secured by a lot of mining equipment. since BTC hashrate is around 110,000 PH/s and bitcoin cash and bitcoin cash sv are around 4,000-2,000 PH/s. which means they have around 3.5%-2% of BTC hashrate. the prices of bch and bsv are around $200. which is 2.8% of bitcoins price. so price seems to be really correlated with hashrate. It seems really unlikely the hashrate of the two forks of bitcoin will gain in hashrate share. so it seems eventually they will go to zero.

The current state of Bitcoin is an absolute shitshow. Honest to god, I have no idea who to believe anymore and the whole debate is so riddled with misinformation and intentional obfuscation of the truth that it's impossible to know who's right and who isn't.

>muh miner centralization
>muh 1MB crippled blocks
>muh CSW is satoshi
>muh satoshi's vision
>muh blockstream is evil
>muh chinese miners are evil

I swear to Christ, Bitcoin will have no chance of widespread adoption until this mess is cleared up.