I didn't know they wanted to increase to 8MB per block! That is a massive increase!!
Do you think this will have downward pressure on the price?
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It really depends on how much hashrate they get. If Bitcoin Cash starts at 20%, it will only be solving blocks every ~50 minutes and the blocks will have to be larger, but probably still less than 8MB. The more hash rate it gets, the smaller the blocks will be.
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If they are not completely dump they will recalculate difficulty in advance.
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i dont think they would even fill 8mb very often, especially as a fork. But i also do not think that 8mb is too large. I can walk around with a phone and stream 4k, but i cant have server that can accept 8mb per 10 minutes? Cmon!
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Its simply Greed and fear .High level manipulation. Bitcoin investor said he is shifting to Bitcoincash and immediately coin moves skyward.
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