First World Hash War

As Bitcoin ABC announced their new client version, this news caused serious controversy between Satoshi‐way supporters and adepts of the new node. Some Reddit community member called it the first true Hash War in the history of Bitcoin.

Eventually, as some say, we can witness two incompatible BCH currencies consisting of Bitcoin Cash ABC and Bitcoin Cash SV. Each party has its own arguments for their own node but that’s not the point for now.

There are several big fishes playing in this arguments game. Craig S. Wright’s nChain and Calvin Ayre’s CoinGeek oppose Bitcoin ABC at the moment. However, another monster has remained silent so far, who supports ABC strongly. It is, of course, Bitmain, a huge mining equipment manufacturer.

And here are the possible reasons. About a couple weeks ago it came out Bitmain sold most of their Bitcoin for Bcash, which has been falling since the beginning of the year. In fact, in January Bcash was $4091 worth as it went down to $533 late August.

Looks the company has been suffering losses for some time and their IPO may be considered as a remedy. But if the current trend of BCH keeps going, Bitmain’s IPO success totally escapes us as investors are aware of their Bcash operations.

This situation reminds us the story where one guy was stuck between Scylla and Charybdis. There is a conflict inside the Bcash community and their own financial situation is somewhat vulnerable on the other side.

And the question is if they really bet on the right horse in this forks race. Maybe this action has been determined to revive Bitcoin cash instead? Well, it falls into the category of conspiracy nut stuff.

Finally, another vivid Bcash proponent Roger Ver didn’t say a word and who’s gonna win will largely depend on which side Ver will be on.

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