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Is BCH a supplement to BTC, or is it going to kill BTC and become the real Bitcoin?

@lightning:The biggest consensus in the BTC community is to be a stored-value currency and a settlement network; while BCH is to be a world currency, the world currency is naturally a stored-value currency and must also be a settlement network. BCH is not a supplement to BTC.

There is indeed a large group in the BCH community who believes that BCH will kill BTC, but this is not a subjective kill. This idea comes from free market competition. Under the same algorithm, in the long run, as the computing power of SHA256 continues to grow, it is difficult for two chains to exist at the same time.Then BCH and BTC are doomed to die, I think the conjecture is valid. 【1】

@Cindy：The goal of BCH is to develop into world money, for everyone, even people you don't like, people who disagree with you. The goals of both parties are the same, but they have different views on how to develop into a world currency. Instead of thinking about how to "kill" others, it is better to think about how to develop yourself. 【2】

【1】Source of content:"Lightning Answers What is the Positioning of BCH?" "

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What is the computing power war?

@lightning:If the computing power is divided into two completely opposite parties, and at least one party is unwilling to split, and insists on asking the other party to agree to its own route, then there will be a computing power war.

The purpose of the computing power war is to inherit the entire economic ecology for its own protocol version and prevent ecological division.The enemy is the war of computing power. The participating parties should concentrate on all parties that produce blocks, which are "complete nodes composed of miners + mining pools".

In the battle of computing power, users are not the enemy. Including all members of ecological nodes such as exchanges, wallets, and Dapps, we can regard these as civilians. Civilians do not participate in wars, nor should they be involved in wars. The weapon of computing power warfare is 51% attack, and the longest chain is the effective chain rule. Soldiers sacrificed in the computing power battle are invalid blocks.

After the results are finally judged, the "miner + mining pool full node" no longer packs blocks with incompatible protocols with the other party, and must either withdraw from the chain or obey the opposing party's agreement. 【1】

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Who are the competitors of BTC and BCH?

@雷雷: The role of BCH is the future world currency, a world currency used by 5 billion people. Through the main chain and the second-tier network, all blockchain services can be undertaken, such as equity registration (ICO and the like ), and decentralized storage.The role of BTC is to store currency and a settlement network; BTC completes micropayments through the Lightning Network.

BTC, ETH, and EOS are all competitors of BCH.As a public chain carrying blockchain business, BCH's competitors are mainly ETH and EOS.BCH absorbs all public chain competitors by being a public chain of the public chain,For example, the wormhole project of Bitmain is essentially an ETH based on BCH.

Coincidentally, the biggest competition of BCH as a currency is the U.S. dollar and RMB; as a means of payment, the biggest competitors are Alipay, Paypal, Western Union, etc. 【1】

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Are ABC and Bitmain opposed to capacity expansion?

@changyong: Both ABC and CSW are trying to follow the "world currency + basic public chain" model. Both ABC and Bitmain support the expansion, agreeing to expand the capacity to 128 trillion in the May upgrade if the test is passed, and opposing the arrangement in the November upgrade for the following reasons:

a 128M expansion has not been seriously tested;

b Now the actual capacity is only below 200k, and the existing 32M has enough space;

c nChain’s BSV only launched the beta version on August 30th, and 128M has not been strictly tested, so it cannot be adopted by the entire network rashly. 【1】

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Judging from the support rate and pre-fork, is the ABC version a sure win?

@changyong: The support of csw in the community is very large and strong, and many supporters have entered into crazy worship.

The currency price shows that it is the judgment of the market, which shows that powerful people in the BCH community tend to support ABC and Bitmain. CSW's rationalist line is easy to gain public support, because it respects Satoshi Nakamoto and the white paper, and opposes all blockchains other than BCH. It is suitable for ordinary BCH community members who worship Satoshi Nakamoto, eager to replace BTC, and hoard coins to get rich dream. However, individuals with significant interests will be more rational and cautious, optimistic about the ABC team, Bitmain, Roger and others who have been leading the development of the BCH community, which is reflected in the contrast between market performance and community momentum. 【1】

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Is this a contest where computing power is more important than anything else?

@江卓尔: Bitmain's computing power is basically more than CSW, but the victory or defeat of the computing power war does not only depend on computing power. If CSW goes to war with all its strength as claimed before, tens of millions or even Hundreds of millions of costs will be burned every day. The bottleneck of the computing power war will not be computing power, but the funds that both sides are willing to burn. There is enough interest on BCH. Both sides are heavyweight players. As for how much money both sides are willing to burn, it depends on the will of both parties, and we cannot guess.

The victory or defeat of the computing power battle depends on the combined influence of computing power and funds.The less computing power of CSW, the greater the financial advantage needed; the greater the computing power, the smaller the financial advantage required. If CSW has a huge financial advantage, even with a computing power of 4000P, it can win the computing power war and force Bitmain to give up its defense. 【1】

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Where can I see the support rate of the number of nodes in each version of BCH?

@币池Queen: You can click 👉coin.dance👈View the comparison and trend of the number of full nodes.Note that the full node does not represent miners and computing power. It can understand the version distribution of community members and reflect the popularity and network magnitude of this version.【1】

Comparison of the number of coin.dance full nodes

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If the computing power war develops, will a third party take advantage of BCH and take over BCH if one party falls?

@Cindy: As a currency holder, if ABC wins in the end, the resilience of BCH in this controversy will make me more optimistic about this currency. Even if BSV fails and the price falls to zero, it proves that in the BCH community, anyone who holds different opinions is free to fork. Whether there is support is another matter.

There was a case of BTC being controlled before, so BCH has been adhering to the concept of decentralization since its birth. There are more than 5 competing development teams, and each technical upgrade will be extensively discussed by the community. Whoever wants to enter will not control BCH anyway.

It is not necessary for this software upgrade to evolve into a computing power war. It is a money-burning game for both parties. Everyone has the same goal, but the community has split. This is very sad. After all, we have fought side by side (we scolded Core together...) But fortunately, it will be decided in a few days. 【1】

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Why is CSW so confident?

@Lightning: Here's my guess,In fact CSW is not confident enough.My reasons are as follows:

1. CSW's performance in the whole process was too excited and completely irrational. At the meeting in Bangkok, CSW made an opening speech with great emotion; he used a very bad attitude to insult dissidents on social media and emails; speech. Being so agitated and irrational is not what a confident person should be.

2. The group headed by CSW put forward correct (I subjectively think that most of them are correct) ideas, but they did not show sufficient and complete evidence; nor could they propose a complete, clear, executable, and convincing route picture. 【1】

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Is there a chance for BCH to overtake BTC after the fork?

@雷雷：If this time the BCH fork can safely achieve a balance of power between miners and developers through computing power warfare, and can maintain only protocol upgrades without splitting, and the entire ecological power will not be tossed by the computing power war Most of the forces leave (for example, sv leaves the community after losing to the CSW team, or if abc loses to the abc team and leaves the community), then I think BCH has more opportunities to counterattack BTC. 【1】

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The Hash Rate of CSW is getting higher and higher, even exceeding half of the entire network. Where does the new computing power come from?

@雷雷：The most important reason is that the price of BCH against BTC is too low. It is more cost-effective for miners to mine BTC for the main purpose of making money, and it is relatively more expensive to participate in the BCH protocol version competition. At present, the miners who support the SV protocol are more of the latter, while the miners who currently support the abc protocol are more of the former. This is the reason why the computing power supporting the SV protocol accounts for a high proportion of the total computing power of BCH.

Where does CSW's computing power come from? I don't have too specific data, but there is one thing that is very widely circulated, that is, CSW bought 500 million yuan of mining machines a few months ago. I think this should be true, and these mining machines are already online. 【1】

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How does this BCH fork defend against empty block attacks and hacking attacks?

@Lightning: There are two kinds of empty block attacks.

The first is to only mine empty blocks, and not package any transactions except coinbase transactions. But the whole process does not attack the blocks of other mining pools; the second is to dig out blocks and isolate the blocks dug by other mining pools through block hiding attacks (51% attacks).

The first method is not an attack. It will not have any impact on the BCH network. It is just that the mining pool that mines the empty block loses transaction fees and increases the fee income for other mining pools. Only the second method can cause the entire network to be paralyzed, but this method requires the attacker to master more than 51% of the computing power.

The first way is not defensive, welcome at any time. Defense against the second type of empty block attack is to increase the computing power and prevent the attacker from reaching more than 51% of the computing power.

The way of hacking is too general, and the specifics may include 0day attacks, DDOS, finding loopholes, and all kinds of messes. But these are the daily routines of the Internet. Whether there is this BCH fork or not, such attacks are the necessary basic defenses for all Internet companies. Defenses generally rely on security teams, and on the other hand, rely on the law to call the police and catch bad guys. 【1】

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The impact of this BCH community dispute on the entire market?

@Cindy: The bear market does not depend on personal will. 【1】

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Is there a suitable way for leeks to get a share of this BCH fork?

@一个问题Named K station friend:If you have BCH in your hand but have not opened an order, open a futures hedging. If there is no BCH, buy some spot, and then open.secondary title

How else can investors operate during this time?

@start value: Affected by the hard fork upgrade and the positive effects of candy, the weekly increase of BCH has been close to 30%. According to past experience, this wave of market may pull back slightly before the upgrade is completed, but it is unlikely to stop.For BCH investors, holding BCH Jingjing and other candies is the safest choice. If you want to get more BSV candies, you can also hold more BCH.

What if the BSV fork fails? Or the exchange is not going to list BSV because of the replay protection problem?

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Since the specific time of the BCH hard fork should be in the early morning of November 16th, Beijing time, we voted on the bullish and bearish BCH closing from 00:00 to 24:00 on the 15th for 19 station K station owners. (Based on the BitKan APP network-wide market conditions)

"Bikan K Station" Webmaster Voting Results - November 15 BCH Closing Bullish

After reading the above article, BCH will rise or fall on the 15th, what do you think?

The original text comes from "Bikan K Station",Click to view the original text。

Participate in or watch the BCH hard fork topic now, and have a chance to get BCH rewards,Download the "Bikan Professional Edition APP" now。