BITCOIN CASH UPDATE....
A great article by my friend Prem Johal...
For those wondering what on earth Bitcoin Cash was all about, below are some numbers to consider.
The Hard Fork was forced upon us by the usual traitors but they only managed it by getting a few unethical albeit large miners to signal in favour of switching their computation power from BTC to BCC.
It was never a civil war. It was more like an organised heist.
They hoped BCC would eclipse some other Altcoins, and opportunistic investors would pile into BCC raising its price through the roof, in turn attracting more miners with this bait to switch mining from BTC to BCC blocks instead if BCC price could be sustained at higher levels.
At the Hard Fork - ViaBTC miner had signalled diverting a whopping 225 Peta-Hash of power to mine BCC. Seeing that BCC may turn out to be a joke after all, they now only have 75 Peta-Hash allocated for BCC and reverted the rest back to the authentic BTC.
Some made a ton of money in the crazy Bittrex exchange driven euphoria. The real suckers are ones who spent close to HALF a Bitcoin for each BCC (high recorded 0.4857) while the smart ones dumped it much sooner. Watch it crash to the floor once the remaining exchanges "release" the BCC tokens where they are owed for the owners to find themselves trying to sell and cash out rather than adopt a long-term view for what is essentially a joke.
Now, 48 hours after the Hard Fork, you need to know only this:
That numbers don't lie. If you are mining with SGG you never really had anything to worry about because of Genesis care and transparency in this matter. Some of you may feel like you missed out on BCC tradable profits. But then, these were created out of the fork-related misinformation rather than proof-of-work.
Lastly, do you know any other company that gets a severe hack and yet restored all 7 days of income to you, in time for the Hard Fork, without passing ANY of the losses to you as members? This speaks of the integrity of Genesis.
Now that Genesis were hacked, they will see to it that their systems are more secure than ever. We, as members of SGG now get to enjoy a much stronger SGG/Genesis system and move forward knowing that we are with miners who don't mess around and gamble with other people's money.
BCC supporters should have thought of a longer term profitability - open casinos in China, you will find a Billion gambling addicts just outside your doorstep.
And check this article out about who has mined 75% of bitcoin cash...
http://buildwealthwithpaul.com/bitcoincashjoke