/biz/ - Business & Finance

>it's like buying bitcoin in 2016

it's really not

>bch hashrate dropped to 5% of total btc+bch hashrate. That means only 2.5% would be needed to double spend with a 51% attack.
>if CEO Roger Ver gets hit by a bus bch is done for
>copies work from real bitcoin
>only a handful of devs work on it
>Craig Wright, this guy is unironically a huge fucking liability. he is bonkers.
>needs marketing (this is a bad sign)
>support is mostly smoke and mirrors, paid shills and sockpuppets, not a grassroots movement
>Roger Ver, good public speaker but does not have a head for technology, and bch devs are nowhere near as good as real bitcoin devs
>Jihan Wu controls almost 100% of bch hashrate, another huge liability
>still has tx malleability
>linear scaling (just increasing block size) is infeasible in the long run due to erosion of decentralization larger blocks bring
>confusing name that doesn't roll off the tongue nicely (honestly, Bcash rolls off the tongue better than Bitcoin Cash. Nobody calls movies ''moving pictures" either, right?)
>late to the game and unoriginal idea
>litecoin and dogecoin are cheaper and faster for transactions (even real bitcoin is cheape and faster for transactions)
>no second layer capabilities at all (due to tx malleability not fixed)
>no hodler mentality, community is full of weak hands (even Roger admits to holding real bitcoin, not just bch)
>Roger, CEO/leader of bch has a criminal record for selling explosives, not so handy

This is why bch won't see the same price action as BTC over the next few years

Well, seeing as Bcash has just 5% of Bitcoin's total hashrate

2.5% of Bitcoin's hashrate could be used to 51% attack Bcash