So you think that even though the difficulty adjustment makes it 2.25x more profitable to go back to BTC chain, that most miners who switched will stay put? It does seem that the mining community has been sorely undervalued by the SegWit faction and may be upset about it. BCH gives them a viable alternative. However, it does appear that the BCH hashrate has started a slight downturn. Do you still think more migration is likely to BCH?
I would love to hear if you have any thoughts about how BTC could be saved. I've become so fixated on your argument that I'm worried about tunnel vision around this issue because you make such a convincing argument.
Also, what triggers the Emergency Difficulty Adjustment for BCH and could it do that again?
Lots of questions around this issue! Appreciate your comments. Thanks.
BTC march to oblivion is inevitable unless core codes in an EDA as well, and soon. BCH has 2PH of stable hashrate since 21 December 2017, up from 1PH. If this continues a tipping point will be reached and it can be triggered by several events.
BTC has a huge mempool backlog. The irony is that if that mempool disappears, fees also disappears with it. This will change the profitability dynamics and since transaction volume is going towards BCH as users are being driven away from BTC from high fees, BTC does not have a good future. EDA and bigger blocks will come too late to save it.
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