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
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.
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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...
Or maybe they are dumping one another down.
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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.
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