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RE: Bitcoin Hits New Combined All-Time High Above $3,000 After Bitcoin Fork

in #bitcoin • 7 years ago

Good chance you are right. I read tonight almost 50% of bitcoin blockchain has moved to BCC.
Wow, what a day!

7 years ago in #bitcoin by
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     7 years ago 

    Blockchains don't move. There are now two blockchains that share a common history. What is moving is the HASHPOWER: the computers that add blocks to the blockchain are moving more and more to hashing the Bitcoin Cash blockchain and less and less on the Segwit chain. Bitcoin Cash could survive with minority hashpower because of big blocks.

    Segwit Bitcoin will quickly turn to dust if it loses too much hashpower because it won't be able to process transactions with the 1MB limit.

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     7 years ago 

    Good chance of it. But don't forget it's fairly new and volatile. patience is a virtue. Followed you and upvoted. Feel free to follow back. Cheers

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     7 years ago 

    What happens if the split becomes 60% to 40%? Will the lower percentage lose value as the higher percentage gain value?