If you are in BCH, you should be very concerned about what's happening. A single MAJORITY miner is mining at a loss, driving hash power away. The coin is de facto centralized right now.
A similar thing happened to BTC 3 years ago when GHash crossed the 51% boundary. That led to a scramble which involved gentle persuasion of the offending miner, and was resolved without much public fanfare.
Remember that the entire value proposition of a decentralized PoW currency is lost if a miner drives out others to amass >51%. It's the equivalent of an attack known in international trade as dumping.
This attack has already started. It has nothing to do with CTOR or DSV, and everything to do with control.
Let me repeat, the attack is under way, and the first casualty was the decentralization of the coin.
Let me repeat, the attack is under way, and the first casualty was the decentralization of the coin.
Because this attack will drive the price of the coin to $0 if left unchecked, expect a reaction from people with vested long term interests. Miners have historically not faced a single entity trying to take over a coin.
Brace for lots of social media noise. The core competency of one of the sides is to manipulate social media and fool people.
To their credit, the BSV attack strategy is sound and scientific, even though they were attacking science and scientists for years on end. They ate their words and adopted that which they denied.
This whole episode will be over with some people going from #BillionaireMode to #MillionaireMode. It'll be hilarious to watch, so go long, 100x, on 🍿.
