As Craig Wright puts it, “do not ask when we stop the hash war, it is when we will stop defending Bitcoin against dishonest miners and attackers. The answer is NEVER”. So even though the hash war is basically over, the dispute is still ongoing.
The cryptocurrency markets might have been experiencing a bad year but nothing compares to the past few weeks after the Bitcoin Cash Satoshi’s Vision (BCSV main lead warned miners of Bitcoin who might have been thinking to mine Bitcoin Cash after the hard fork. The intensity of the debate is still expected to go off when Bitcoin ABC starts trading on exchanges.
As reported by ZyCrypto, against all the odds, BSV is doing relatively well since it went live in November and it hit an all-time high of $243 and even surpassed Bitcoin Cash and the leading stablecoin, Tether all in a month after it launched. The competition for Satoshi’s Vision is ABC which is expected to give BSV a good bit of [un]friendly competition. It’s important that you don’t underestimate ABC though as there are several reasons that will quickly start to increase the adoption with a certain smoothness which could overshadow Satoshi’s Vision in the blink of an eye.
The co-founder of Asia’s biggest mining company Bitmain, Jihan Wu had started to announce his plans to begin a war against Satoshi’s Vision, before the hash war had begun. Bitcoin Cash ABC presented itself to be like a safe house for miners at Bitmain who are concerned about SV following Wright’s aforementioned threat.
Bitcoin Cash ABC has a lot of potential after it seemed to be the better during the hash war and came out the other side successfully. Even though Craig Wright is still confident that the war isn’t over, ABC was able to mine more blocks which allowed it to have a longer chain against the Vision. The hash war sparked a lot of traffic which would see the winner having more control over the Bitcoin Cash network. Some users have already decided that their cash would be safer with the winning team.
Satoshi’s Vision is sat at number nine according to CoinMarketCap and is currently priced at $78 after is suffered a nine percent decrease over the past 24 hours.
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