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RE: We are going to see a real 51% attack soon

in #bch6 years ago

It is indeed very exciting. I predict that BCH or more precisely Bitcoin ABC will still win. Even having massive miner support is not enough because the miners do not have all the power.

As long as the investors prefer BCH over BCHSV, the token they mine with their ridiculous hash power will not be valuable. And then the great part of POW is that they need to pay for that and they cannot do that with mining a shitcoin with huge hashpower. Even though they have the hashpower, they are fighting the markets and cannot win.

When they attack the ABC chain, the transaction fees will rise and this may even mean that BTC miners will join BCH to cash in the transaction fees.

What they need to do to win is not only have hash power, but convince the investors to value highly a strange scammy coin that is attacking others with disruptive behaviour that is also highly centralised. I dont think that will happen in the long run, though in the short run they could do a lot of damage to BCH. I predict the real winner will be BTC, but I will follow the details closely. Studying this will be quite exciting.

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