This article is from:Hashpie (ID: hashpie), author: not broken, forwarded with authorization.
This article is from:
Hashpie (ID: hashpie)Hashpie (ID: hashpie), author: not broken, forwarded with authorization.
At 0:40 am on November 16th, Beijing time, BCH will undergo a high-profile hard fork. When the contradictions are irreconcilable, splitting becomes an inevitable trend.
Previously, the hash school released the "
Bitcoin SV is the solution to develop BCH into a world currency. This is not difficult to understand, because CSW is currently the only person in the currency circle who still insists that he is Satoshi Nakamoto, so he spares no effort to promote the development of BCH in the direction of Satoshi Nakamoto's original design of Bitcoin, in order to gain more recognition. However, he has never been able to prove his identity, and naturally he cannot be recognized by people of insight in the currency circle only by relying on political means to stand in line for propaganda. Coupled with his arrogant and outspoken personality, people in the currency circle are more inclined to think that he is a fake Satoshi Nakamoto, so many people show extreme disapproval of his behavior.
Image source: Twitter
V God has made it clear that this BCH hard fork is a good opportunity to kick CSW out of the community; Bitcoin developer Jonathan Toomim said: "Bitcoin ABC allows the existence of Bitcoin SV, while nChain, Bitcoin SV and CoinGeek do not allow ABC Which of the two sounds more like a plan for total control”; cryptocurrency analyst Joseph Young also bluntly said: “Patents, lawsuits (seeking help from government authorities), centralization, and brazen claims to be Satoshi Nakamoto , CSW's actions represent everything the crypto community stands against."
Image source: Twitter
secondary title
Split BCH, CSW is determined to win
However, even though the reputation has been discredited and it has become a daily routine to be madly attacked on twitter, this has not affected CSW's gains in mining pool computing power in the slightest. As of November 12, the computing power supporting Bitcoin SV has exceeded 70%. The computing power in the hands of CSW is in addition to CoinGeek, the largest mining pool of BCH and BMG mining pool under nChain, which have expressed support for it from the beginning. 10 At the end of the month, the mining pool SVPool supporting Bitcoin SV has also been officially opened to the public, and currently holds more than 19% of the computing power.
image description
According to CSW himself, all these computing power belong to it. "Bitmain only has computing power temporarily, and we already have enough computing power to win this victory, and we don't need to buy from miners, we have our own mine."
In addition to the support of these computing power, it can also be seen from the media interview on the 12th that CSW is ready to spend real money to participate in this splitting battle. During the interview, CSW still did not change his rebellious personality, and only revealed three words in the whole article, "I am rich!"
He said: "I'm a billionaire, I have a lot of money, I don't need to rely on mining to make money. Wu Jihan thought he could control the computing power, and we - all we have is money. We will also let cryptocurrency transactions All Bitcoin Cash could not be traded until Wu Jihan conceded defeat."
secondary title
Bitmain has no intention of giving in
From the beginning of the birth of BCH, whether it is code development or route planning, Bitmain has absolute dominance over it, and it is no secret that they have gambled 2.5 billion and hoarded BCH crazily. From the right to speak to actual interests, there is no reason for Bitmain to sit idly by in the face of CSW's "rampant".
At present, although they are at a slight disadvantage in computing power, according to coin.dance data, the number of nodes using Bitcoin ABC is about 5.5 times that of nodes using Bitcoin SV, and a large number of miners still run Bitcoin ABC nodes.
image description
Image credit: coin.dance
But Bitmain, which has always grasped the lifeline of BCH, may not be willing to do so.
Earlier this month, it was reported that since the end of October, AntPool under Bitmain has intensively interviewed major mining factories in Xinjiang and stepped up the deployment of 90,000 S9 mining machines. According to industry insiders, this move is for the hard work of BCH. Prepare for fork. In addition, on the afternoon of November 8, Bitmain officially launched two new Antminers equipped with 7nm chips - S15 and T15 - on its official website. Both of them are SHA256 algorithm mining machines, which can support Bitcoin, Bitcoin cash mining; according to Bitmain customer service, the first batch of 1,000 machines sold were sold out shortly after they went online.
A series of moves by Bitmain may mean that after the hard fork on the 15th, we will see a high probability that two BCH chains will coexist.
secondary title
Splitting is not the end but the starting point of the computing power war
The split of BCH is inevitable, but it probably has no way to directly kick CSW out of the BCH community as V God predicted. There may be a period of anxiety between the BSV and ABC teams.
Vin Armani, the founder of Cointext, stated in an article that after the split, Calvin Ayre and CSW plan to gather hash power to protect their blockchain from attacks, and will continue to 51% of the Bitcoin ABC blockchain. attack. Their goal is to keep the Bitcoin ABC chain in a state of constant chaos, such that exchanges and wallets lose confidence in its nodes. Calvin Ayre and CSW stated that they are willing to suffer the pain of a large decline in wealth and spend a lot of money to make other miners off the network or switch to running node clients they control. It is understood that BitcoinSV does not even allow outside contributors to add to their code, and the expected victory of CSW is fully responsible for the development direction of Bitcoin Cash.
image description
Image source: trustnodes screenshot
The key to winning the computing power war is nothing more than two points: either have computing power in hand, or have strong funds.
From the perspective of computing power, Bitmain has obvious advantages. The long-standing title of mining bully is not just called casually. According to the data of coin.dance, based on the current computing power, Antpool, BTC.COM, and ViaBTC have a total of The computing power of Bitcoin is 32.23%, which is about 15.68Ehash/s, and these computing powers are equivalent to 3.29 times of the total computing power of BCH, and 4.53 times of the computing power of CSW in BCH.
From what we know so far, we can find that in the lawsuit filed by Dvaid Kleiman's family against CSW, "Gizmodo magazine obtained several documents from the meeting between the Australian Taxation Office (ATO) and CSW on February 26, 2014. Minute content. At the time, CSW's accountant said: 'CSW mined a lot of bitcoins...CSW got about 1.1 million bitcoins. He had at some point...10% Bitcoins. Mr. Kleiman also had the same amount of Bitcoins. However, Mr. Kleiman passed away at that time.'”
image description
Image source: Screenshot of Dvaid Kleiman's relatives suing CSW lawsuit
After the death of Dvaid Kleiman, CSW embezzled his bitcoin IP, monopolized all his bitcoins, and stole Dave's share of the IP jointly owned by Dave and CSW through W&K company.
