Operation BullshitSlayer - will the bullshit be slain today?
For a mere 1 cent behind the paywall, I will spank your infantile delusions and save you another round of embarrassing spending on fantasy stories that harm your wallet and dignity equally.
It seems to me that the younger generations grew up watching too many Hollywood movies and sincerely believe that there is a James Bond styled plot hiding behind every other door. Evil supervillains are constantly preparing a mastermind plot to take over X and manipulate Z and the task of the day is either to cry "manipulation" as loudly as you can, or start unraveling the mastermind plans so you can get a piece of the action and retire early.
If only people used a bit of that neofrontal cortex thingy, they would save themselves a lot of embarrassment, I promise it's not difficult to do!
First of all, the difficulty adjustment algorithm on Bitcoin Cash makes sure that Bitcoin cannot die of low mining power either. Such wow! Let me repeat this again: The difficulty adjustment algorithm on Bitcoin Cash protects Bitcoin too. The job of the DAA is to approximately maintain hash ratios equal to price ratios, so if BCH:BTC price is 1:10, the hashpower will roughly oscillate around 1:10. If miners start flooding BCH, guess what happens - the difficulty increases and makes it less profitable to mine BCH. It keeps increasing until blocks are around 10 minutes apart, which means miners mining BCH would suffer unprecedented losses. I can't believe people have not been able to figure this out by now, because a 6 year old is capable of understanding it.
Fantasy shattering fact number two: there are no "Chinese miners". There are Chinese mining pools, which earn money by having miners use their pool. They live on cashflow, not speculation. Chinese mining pools don't give a shit about Bitcoin, Bitcoin Cash or your favorite shitcoin (the entire scaling debacle was in fact caused by Chinese mining pools not willing to do shit, because their profits were steady and there was no reason to rock the boat). Chinese mining pools have proven to be the most passive, conservative, unimaginative, boring groups of people in the world. No, these people are not planning the flippening.
There are over 1 billion people in China. Many of them mine Bitcoin. Most of them never met each other, they don't arrange shady backroom meetings in expensive hotels, plot the destruction of the world and record their plans on pastebin. Just like Chinese mining pools, people in China who mine Bitcoin are looking to turn a profit from cashflows and don't give a shit about BTC or BCH. They bought some mining rig for X, pay variable costs of Y and look to sell the mined crypto to cover the costs and turn as much profit as possible. Since they can automatically switch mining between BTC and BCH, they don't care about the conflict between the communities, they simply mine the chain that happens to be more profitable at the moment.
You have probably never met an average Chinese (extremely) rich person, so here is a description of what they do with their day: travel around tier 1 cities and find extremely good looking young girls to fuck. The price (at the time of writing) for exclusive fucking rights to an extremely good looking young girl is an apartment and cash that covers basic monthly expenses (1k-2k USD). The rich guys have a bunch of mistresses, 1 in every city, then they travel around and have some fun. They drink a disgusting transparent liquid that tastes like I-95 Gas called "baijiu" and smoke cigarettes so strong you pass out after one puff. They are not very sophisticated and don't spend their time plotting the flippening either.
Most extremely rich Chinese people are just as most modestly rich people - first and foremost they are afraid to loose their wealth and are looking for ways to protect it (buying condos in New York and London). People who made a killing on investing in Bitcoin early are suddenly sitting on monstrous piles of money and are scared shitless to lose it - they are planning ways how to diversify and protect themselves, not ways how to risk a total crypto market meltdown and lose everything on a mentally retarded hollywood plot to have more BCH instead of BTC.
Do yourself a favor and stop watching Hollywood movies. This bullshit went too far, it's so obviously stupid, so obviously infantile and way over the top that the embarrassment of an adult paying attention to it is too intense to take. Hollywood stories about Spiderman, Thor and Operation Dragonslayer are not real, they are distractions for teenagers. For the love of god grow the fuck up. We are in the middle of the greatest crypto pump of all time and things will end up in flames. This time things are not different. The dynamics is always the same and gullible people get slaughtered buying tops. Perhaps they deserve it, the market is survival of the fittest after all. BTC, BCH, shitcoins, everything will soon ride the wave of deflating valuations of the crypto market
https://coinmarketcap.com/charts/
so you'd better get out of dodge with your profits intact and wait for the bottom. Time to surf and ride waves will come again, but this is not it. If you get aroused fantasizing about dragons, go watch Game of Thrones - at least that will not bankrupt you.
Thanks for rating!