Read on Twitter
1/ RIP Bitcoin Cash $BCH , death by a thousand cuts.
2nd major fork $BCHA looks like its taking about 5% market value with them. Not much demand on the buy side so may fall further.
https://www.coinex.com/exchange?currency=bch&dest=bcha
2nd major fork $BCHA looks like its taking about 5% market value with them. Not much demand on the buy side so may fall further.
https://www.coinex.com/exchange?currency=bch&dest=bcha
2/ BCH Price breaching all time lows, slowly but surely. From all time high of 0.2 BTC to now 0.015 BTC
3/ Supply distribution is centralizing. Likely a combination of no new buyers coming in, and many holders abandoning the chain. h/t @LucasNuzzi , @coinmetrics
4/ Community also slowly dwindling , comments per day on /r/btc declining. Anecdotally , many pro-BCH accounts rage quit without accepting that BTC won. They now believe bitcoin is a failed experiment. Very Trump'ian. Accepting loss is hard.
5/ BTC total proof of work about 17 times more than BCH. Satoshi's "1 CPU 1 Vote" (read the whitepaper) rule works.
I explained how important this rule is when BSV was forking, read it here:
https://www.kkurokawa.com/2018/08/crypto-ideology-bitcoin-cash-ideology.html
I explained how important this rule is when BSV was forking, read it here:
https://www.kkurokawa.com/2018/08/crypto-ideology-bitcoin-cash-ideology.html
6/ good game $BCH , here's a toast to your bags.
