We are going to explain from 4 aspects that why Bitcoin Cash’s value might not be sustainable.
1 What’s is bitcoin’s core values
2 How Bitcoin Cash / BCC (BCH) was born: Bitmain and companies Bitmain invested promoted Bitcoin Cash / BCC (BCH) together
3 Unveil the scam of Bitcoin Cash:100,000 BCC (BCH)’s average block time at 1minute?
4 How to protect the Bitcoin Ecosystem: Keep miners,traders,and consumers be decentralized.
1?Bitcoin’s core values?
Whilst the majority of countries do not make the usage of bitcoin itself illegal its status as money (or a commodity) varies, with differing regulatory implications. It is just lines of codes on the internet but it breaks above $6,000, and $100 billion in value. Why could that happen? We can see form Satoshi Nakamoto’s white paper of bitcoin — the 3 Cornerstones of Bitcoin’s value?
(1)Proof-of-work is essentially one-CPU-one-vote
?2)electronic payment system based on cryptographic
?3?Bitcoin is an open source network
2?How Bitcoin Cash / BCC (BCH) was born
Bitmain begun to build the Bitcoin Cash team at the end of 2016. Jihan Wu spent USD 20k to develop replay attack protection code. Bitcoin Cash project was announced at Chengdu Miner Conference VIAVTC(invested by bitmain) was the first exchange trading platform, and VIABTC’s pool start to mine Bitcoin Cash at 1st August. Jihan Wu even said he sold all his BTC when BTC reach $4100 and all in Bitcoin Cash.
3, Unveil the scam of Bitcoin Cash
A?They changed bitcoin’s block time rule.
It is meant to steal the Bitcoin cash. Simply speaking when Bitcoin cash’s hashrate difficulty drops fast, they switch their own hashrate to generate the block faster. And when they finished one difficult term, they pull out the hash rate, went into another difficulty drop circle.
- Most of Bitcoin cash’s harsh rate are on Bitmain’s mining pool.
A lot of bitcoin cash blocks generated by unknown pools?
1 blocks every minute, that is crazy! Bitcoin cash didn’t adhere bitcoin’s 10 minutes average block time.
- Bitcoin cash had generated 500071-492437=7634 more blocks until now, bitmain stealed 95425 bitcoins from investors. Those coins were meant to be mined by 10 minutes per block?it should be mined in the future?but now they are in bitmain’s pocket.
Bitcoin block height 492437?
Bitcoin cash height 500071
Roger Satan Ver and Jihan Wu Bitmain use their 9 month old creation called ViaBTC (pool and xchanger), only actual pool mining the new super-centralized scamcoin bitcoin cash and abusing the reputation of the name Bitcoin to continue their non-regard on the “economic majority” for their selfish benefits.
Bitmain DID SIGN the New York Agreement which is why his official AntPool pretends they will first follow SegWit2x, but he is ready to switch, and Roger’s pool is invited to switch too.
4?How to protect bitcoin?
Can only be proceeded by applying the 3 Cornerstones of Bitcoin’s value?
(1)Proof-of-work is essentially one-CPU-one-vote
?2)Electronic payment system based on cryptographic
?3?Bitcoin is an open source network. We can only protect Bitcoin’s value by making the 3 cornerstones decentralized. Bitcoin gold project is hashrate oriented, to achieve bitcoin’s value and protect investor’s wealth.
Please wait for the next article:?Bitcoin gold: why, how and future?
Bitcoin cash had deviated Bitcoin’s decentralized core value, changed bitcoin’s block time rule, spreading rumors of Bitcoin cash’s estimated price to manipulate the market. What Bitcoin cash did is a complete scam.
Please be aware of bitcoin cash, stay away from it.