Bitcoin Hard Fork: Is It Possible That The Upcoming Bitcoin Hard Fork Is Just A Clever Scam?
Is it possible that the upcoming bitcoin hard fork is just a clever scam being done by some of the (said-to-be anti-segwit) bitcoin miners, as a way to profit quickly (with almost no risk) by doing the following…
Forcing a bitcoin hard fork (with most people/miners supporting the segwit chain, with a small minority that say they are anti-segwit but may not care either way)
Getting an equal amount of BTC and BCH after the forced hard fork (no BTC loss, only BCH gain)
Selling off their BCH for BTC right after the split (something many segwit supporters will also be doing)
Watching as BCH dies off rapidly and quickly becomes irrelevant (due to pro-segwit supporters staying with the BTC chain, and anti-segwit supporters jumping ship back to the segwit chain, making close to 100% segwit support in the end), in-turn making Bitcoin go back to a single chain (BTC)
Sitting back and counting their free money/profits as they gain on the # of BTC they have in total (so if they had 5000 BTC before the split and then sold the free 5000 BCH they got for an extra 1000 BTC they would now have 6000 BTC), and then watching as their (recently inflated) BTC goes back to its normal price and likley far beyond it (making a quick profit with almost no risk of loss due to only gaining BTC (never losing), and helping to destroy the BCH hard fork intentionally early so the original BTC price rebounds and continues up likely well past its initial price.
Anyways, just a thought that came to mind recently as this all unfolded so I would love to hear peoples input on this.
Yes sir, I believe you've nailed it! This is very likely what's going on. Good post. Thank you.
Thumbs up for you @budz82 - nice post! Upvoted