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11628707 No.11628707 [Reply] [Original]

SV looking strong
BITCOIN is POW

>> No.11628730

damn boi we back

peer to peer cash for 1000 years
death to debasement

>> No.11628943

can someone red pill me on this "hash war" i keep seeing memes about?

I heard about this BSV shit and that its supposed to be a fork of BCH, but what is with this SVPool? Are they trying to attack the network? Is this hash war only taking place on BCH? Should i throw my GPU at it for the luls?

>> No.11628948

>>11628943

"They're attacking the network with their hashpower" JW

>> No.11628960
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11628960

>>11628707
>SV looking strong
If you look at the graphic ignoring 93% of current SHA256 hashpower (currently mining BTC) which is mostly owned by their opponents and easily redirectable to BCH.
Sorry, CSW troll, you're fooling no-one. Also I can't imagine how sad life can be for nChain trolls, if even their devs are miserable:
https://www.glassdoor.com/Reviews/nChain-Reviews-E1967199.htm

>> No.11629068

>>11628943
bitcoin abc funded by bitmain is trying to introduce canonical transaction ordering and data sig verify
which will make it easier for jihan to sell his wormhole coin.
these changes made nchain develop bitcoin Satoshis Vision which aims to be defined by the whitepaper and unlimited scaling
Coingeek, BMG, SV pool are mining for SV the rest for ABC and BU.
In the even SV does not win majority hashrate craig has said he will mine at attacking other node implementations until he or them are bankrupt or satoshis vision wins

Personally I can't believe there's even a debate fuck jihan and abc. Tokens can be done in script. Extremely disappointing to see Roger ver saying he will continue to run abc and BU even if they loose

>> No.11629216

>>11629068
>Satoshis Vision
I swear they took that name from 4chan during the dragonslayer affair.

>> No.11629276
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11629276

>>11628707
>>11628960
>>11629216
Calvin Ayre will take BCH to plus $50k in 2019

>> No.11629306

13% bch is like 1% of btc hashpower

>> No.11629353

>>11629306
jihan doesn't control the all hashpower in his pools
he's not going to mine at a loss

>> No.11629360

>>11628960
>implying jihan actually has balls or virtue
He fought for years for a blocksize increase then bitched out last minute. This faggot will take craigs cock straight down his fucking throat before he thinks about mining at a loss.

>> No.11629393

>>11629360
it's hard to believe Jihan is that stupid
It's more likely he thinks the perpetuation of the alt market will be more profitable to him as mining hardware producer than to become a miner

I've seen people speculate the debate is manufactured to justify hashpower coming over to bch which at a certain rate would cause a chain death spiral on btc

>> No.11629403

>>11629393
I think it's more likely he just mines whatever is most profitable at the time and is more likely to fold than redirect more hash at a loss given his history.

>> No.11629425

>>11629403
I do fail to understand how the fuck directing more hash over would even help them get ahead. If the difficulty readjusts so often how would this even make a significant difference?

>> No.11629443

>>11629425
I guess they could use that hash to sabotage the other chain instead of mining abc. But if craigs willing to go for years this won't work.

>> No.11629446

>>11629068
okminer is also supporting SV

>> No.11629469

>>11629425
most miners don't hold btc they only mine to sell
btc difficulty changes every 2016 blocks
if hashrate leaves over to bch the btc block rate slows, the mempool clogs up, fees go up, the disfunction makes people sell further reducing mining profitability at which point its a negative feedback loop which means the difficulty adjustment block is never reached and the chain dies

A chain death spiral is the inevitable conclusion of a 1mb adoption limit and a fixed supply. The only question is when

>> No.11629497

>>11629353
Kek. What are the sv guys going to do?
Jihan can simply set a new "genesis" abc block that would get orphaned by any sv or non-upgraded node.
Calvin can mine all he wants, coinbase and bitcoincom will ignore his blocks unless he builds on that abc block

>> No.11629516

>>11629446
sauce

>> No.11629531
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11629531

>>11629497
>coinbase and bitcoincom will ignore his blocks unless he builds on that abc block
its a hash war, team SV will mine empty blocks or double spend abc to death. abc will have to fork off sha256 or die.

>> No.11629540

>>11629469
What I'm fundamentally misunderstanding has to do with bch, btc death spiral makes sense. Are sv and abc on the same "chain" still? Would more hash lower nchains impact on the chain? Or are they two separate chains with full relaying? If they are two separate chains, which is what I've been lead to believe then their difficulty would be adjusting seperate from each other. Any hash immediately moved to one chain from btc wouldn't have a very significant impact on making that the longest chain since the difficulty would readjust so quickly.

>> No.11629546

>>11629497
coinbase said they will wait for the conclusion of the hashwar and support any forks. They have no dog in the fight

additional to this >>11629531 jihan can't mine at a loss because of his IPO.

>> No.11629599

>>11629540
the reality of bitcoin is that you could fight over every block. Node implementations are rules, at the moment they are compatible on the 15th they are going to be incompatible the rules of the chain are defined by majority hash.

bch and btc have the sane proof of work algorithm Sha256 which means you can mine on either coin. If miners want bch to be defined by the abc node implementation they are going to have to move hashpower from btc to bch or bring online hashpower that isn't mining .
Hashpower leaving btc for bch is dangerous for btc

many would argue we are still in the nakamoto consensus process until either btc or bch dies

>> No.11630749

When jihan went for ipo of bitmain and showed he had been selling bulk btc and buying bulk bch surely he has a vested interest in a fork doubling those holdings. This seems like some collusion shit to me

>> No.11630773

>people who can't agree about anything can't agree about anything in their own network

im shocked