🔵 The Bitcoin Cash 12.5% Developer Fund Will Lower BCH Network Security as Hashrate Will Leave

colintalkscrypto (64)in Threespeak • 5 years ago

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Bitcoin Cash total network hashrate is already very low in comparison to Bitcoin. A reduction in Bitcoin Cash mining fees will result in a further reduction of hashrate as miners move to other SHA256 chains (such as BTC) that do NOT have such a 12.5% fee and which are more profitable to mine. Many proponents of the fund only talk about how Bitcoin Cash’s difficulty will adjust itself with its self-regulating difficulty adjustment algorithm. With 12.5% removed from miner rewards, BCH security will drop even further than today in relation to BTC.

Disclaimer: This video is not financial or investment advice. Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.

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