A snapshot from a few minutes ago. Notice how pricing became a hockey stick when BCC approached 0.153 BTC.
[image: Inline image 2] On Fri, Aug 18, 2017 at 1:52 PM, Steven Schear <schear.st...@gmail.com> wrote: > They may be separate but they are not unrelated. There is only so much > mining power and its distribution affects both (actually all) chains. > > Speaking of which BCC has reach the price (0.153 BTC), calculated on > reddit by Jonathan Vaage, at which mining on BCC (including all costs and > rewards) is better. This has become a rallying and resistance level and the > battle has been joined between these armies of miners, traders, whales, etc. > > The next scheduled (not 20% emergency) difficulty adjustment comes in just > a few days for BCC (could be this weekend). After that, BTC also adjusts in > a few days. If a flippening is in the offing I think it would come shortly > after the BTC adjustment. If the miners in a major cartel then flee to BCC, > it will leave BTC bereft of hash power and block intervals could explode > preventing any practical use of the blockchain (a Chain Death Spiral). If > so, Core supporters will probably be forced into using similar "emergency" > difficult adjustments (even though they tried to humiliate Cash advocates > about this methodology before the fork). > > > On Fri, Aug 18, 2017 at 12:56 PM, Mirimir <miri...@riseup.net> wrote: > >> On 08/18/2017 05:55 AM, Georgi Guninski wrote: >> > On Fri, Aug 18, 2017 at 09:29:54AM -0500, Steven Schear wrote: >> >> original) and Cash. When the fork happened those holding BTC (in their >> own >> >> wallets) were also able to claim an equal amount of BCC (for free). >> This >> >> created a huge supply of BCC. However, many or most people rarely keep >> > >> > Isn't this setting a very dangerous precedent of doubling bitcoin + >> > derivatives? One of the things I liked most in the btc design was its >> > resemblance of the gold standard -- the maximum amount of btc was known >> > and fixed. Now they are violating this by creating "derivatives" out of >> > nothing like the fucked up real world financial system. Hypothetically >> > if in the future they fork $n$ times, they will increase the amount of >> > btc + derivatives by factor of $2^n$. >> > >> > Currently I recommend to the btc overlords in future forks to keep the >> > amount of btc + derivatives fixed, possibly by choose ``old XOR new >> > btc''. >> >> I'm not sure how else a fork could work. I mean, it's a fork in the >> blockchain. Initially, it's an exact duplicate. And thereafter, the >> blockchains are entirely separate and unrelated. So there's no way to >> enforce an XOR choice. >> > > > > -- > Creator of the Warrant Canary and the Street Performer Protocol. Wi-Fi > standard spec. creation participant and co-developer of eCache. Director at > MojoNation and Cylink. Founding member of IFCA and GNU Radio. > > Shameless self-promoter :) > -- Creator of the Warrant Canary and the Street Performer Protocol. Wi-Fi standard spec. creation participant and co-developer of eCache. Director at MojoNation and Cylink. Founding member of IFCA and GNU Radio. Shameless self-promoter :)